Bitcoin price today: near $119k after trade cheer; Fed, crypto report eyed
US Dollar Index is already at new high which has been technically expected as market made a triangle in fourth wave which is a continuation pattern. Price has a strong momentum now so we believe that wave five has began and that market could be targeting 38.2% projection level of wave 3) distance, measured from a wave 4). Once that area is achieved, we will look for sign of a bearish turning point. Keep in mind that after every five wave move correction follows!
USD Index Daily Elliott Wave Analysis
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