Technical chatter among wave analysts and technical traders on X was relatively limited today.

What the analysts are saying

@AsafNaamani noted that technical analysis is not about predicting the future but about identifying low-risk, high-reward zones based on human psychology patterns (fear & greed). He emphasized the importance of defined stops and risk/reward ratios rather than seeking certainty.

In an earlier post, he updated that $BTC is up 14.5% from the $57.8K support zone and is watching for a breakout above the downtrend line from the highs. The structure is improving, referencing the monthly MA50, double bottom, 0.618 Fib retracement, and RSI divergence.

The bottom line

There was little activity in technical discussions around stocks and indices today, with the main references centered on $BTC.