The price continues to move upward, but on the Bit.Cash chart you can see signs of an impending completion of the current upward momentum.
The analysis of the higher degree wave structure shows a falling wedge. Within this five-wave formation, the formation of the wave [iv] is completed and the resumption of downward movement within the wave [v] is expected.
According to the data of the smaller wave structure, the development of a downward impulse is observed. The price forms the last wave (v). After the completion of this wave, a corrective downward movement may begin.
Thus, an upward movement continues to form on the Bit.Cash chart, but this impulse is at the final stage of formation so the price may resume a downward movement.
In this case, the emphasis is on short positions that can be considered at current levels.
Bit.Cash H1: Wave Analysis for the European Session on 5.8.2025
