Bitcoin(
BTCUSDT), like other assets, began rising after the initial agreement news between Iran and the U.S. Once financial markets opened, especially with the rise of U.S. indices like the S&P 500(
SPX500), Bitcoin also had a bullish trend over the past few hours, gaining about 4–5%.
Currently, Bitcoin is in the heavy resistance zone($76,600-$64,850), near the Potential Reversal Zone(PRZ)[$69,660-$67,000] and the Cumulative Short Liquidation Leverage($68,650-$67,400). There’s also a likelihood that the upper line of the ascending channel will act as resistance.
From an Elliott Wave perspective, the recent 9–10 day upward move could simply be part of a corrective wave. It’s possible that the main wave 4 completes around $69,000–$67,000, after which Bitcoin could begin to decline.
I expect Bitcoin to start dropping from the Potential Reversal Zone(PRZ)[$69,660-$67,000] and Cumulative Short Liquidation Leverage($68,650-$67,400), at least toward the support zone($64,760-$64,160). If it breaks the support line with strong momentum, we could expect further declines and even the filling of some CME gaps.
First Target: $65,023
Second Target: $63,980
Stop Loss(SL): $69,739(Worst)
Cumulative Long Liquidation Leverage: $65,300-$64,490
Cumulative Long Liquidation Leverage: $63,560-$63,000
New CME Gap: $64,160-$64,000
New CME Gap: $63,750-$63,430
What’s your view on Bitcoin? Can it continue its bullish trend, or will it start a correction again?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌Bitcoin Analysis (BTCUSDT), 4-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥If you find it helpful, please BOOST this post and share it with your friends.
BTCUSDT), like other assets, began rising after the initial agreement news between Iran and the U.S. Once financial markets opened, especially with the rise of U.S. indices like the S&P 500(SPX500), Bitcoin also had a bullish trend over the past few hours, gaining about 4–5%.Currently, Bitcoin is in the heavy resistance zone($76,600-$64,850), near the Potential Reversal Zone(PRZ)[$69,660-$67,000] and the Cumulative Short Liquidation Leverage($68,650-$67,400). There’s also a likelihood that the upper line of the ascending channel will act as resistance.
From an Elliott Wave perspective, the recent 9–10 day upward move could simply be part of a corrective wave. It’s possible that the main wave 4 completes around $69,000–$67,000, after which Bitcoin could begin to decline.
I expect Bitcoin to start dropping from the Potential Reversal Zone(PRZ)[$69,660-$67,000] and Cumulative Short Liquidation Leverage($68,650-$67,400), at least toward the support zone($64,760-$64,160). If it breaks the support line with strong momentum, we could expect further declines and even the filling of some CME gaps.
First Target: $65,023
Second Target: $63,980
Stop Loss(SL): $69,739(Worst)
Cumulative Long Liquidation Leverage: $65,300-$64,490
Cumulative Long Liquidation Leverage: $63,560-$63,000
New CME Gap: $64,160-$64,000
New CME Gap: $63,750-$63,430
What’s your view on Bitcoin? Can it continue its bullish trend, or will it start a correction again?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌Bitcoin Analysis (BTCUSDT), 4-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥If you find it helpful, please BOOST this post and share it with your friends.
تم فتح الصفقة
أغلقت الصفقة: تم الوصول للهدف
Full Target Done($63,980)
Thank you for your patience
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🚀 Up to 75% Trading Fee Rebates Across 20+ Exchanges:
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-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.