Elliott wave analysis of the market for November 3, 2026 BTCUSD
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BTCUSD: BUY 78800, SL 76600, TP 95000.
Bitcoin attempted to recover its price, but the move was not very successful. The resulting movement was quickly liquidated.
However, the situation remains quite favorable for a general price increase. This is due to the possible completion of a correction in the form of a double zigzag. A rise is expected in this scenario as an upward impulse in the next phase of market development.
It is quite possible that we will see another attempt to start rising during today's session.
You can try cautiously buying on a breakout of yesterday's local extreme.
Investment idea: BUY 78800, SL 76600, TP 95000.