The General Outlook It looks like Bitcoin might be in the final stages of this corrective move. Before we see a real reversal, the market likely needs to complete the structure with one more push lower.
There are two main ways this could play out. We might see a direct, sharp drop where support levels break relatively quickly. Alternatively, it could turn into a "diagonal" style move—this would be choppier and slower, with lots of overlapping bounces, but the destination would likely be the same.
The Key Level The bears seem to be in control as long as the price stays below the recent high of $94,800. If we get a sustained break above that level, this immediate bearish setup is probably invalid.
First Target: Watch for a reaction around $85,500.
Second Target: A sweep of the lows near $80,300.
Final Target: The move could potentially finish somewhere in the $76,000 – $78,000 zone.
Just my thoughts on the chart
There are two main ways this could play out. We might see a direct, sharp drop where support levels break relatively quickly. Alternatively, it could turn into a "diagonal" style move—this would be choppier and slower, with lots of overlapping bounces, but the destination would likely be the same.
The Key Level The bears seem to be in control as long as the price stays below the recent high of $94,800. If we get a sustained break above that level, this immediate bearish setup is probably invalid.
First Target: Watch for a reaction around $85,500.
Second Target: A sweep of the lows near $80,300.
Final Target: The move could potentially finish somewhere in the $76,000 – $78,000 zone.
Just my thoughts on the chart
Trade ativo
**Update: The Drop is Confirming Structure**
The drop from the recent **$94,800** high isn't just random noise. It has formed a very clean 5-wave decline into the recent lows around **$89,600**. Technically, this is exactly the signature I was looking for to confirm that the bearish leg is actually underway.
**What to expect next:**
Since we just completed a clear 5-wave micro cycle, don't be surprised if we see a short-term bounce or some consolidation here.
* **The Test:** If the bounce stays shallow and corrective, the next leg down should be sharp.
* **The Grind:** If the bounce gets deep and choppy, we are likely in a "Diagonal," but the destination remains the same.
The bearish plan is active and moving well. Sticking to the targets.
Trade fechado: stop atingido
The structure has shifted and become more clearly a Running Triangle.
Wave-e is now targeting the $96,950 – $99,500 zone. Trading these complex corrective patterns is really tricky, so it's best to step aside and wait for the target.
See the market differently — ongoing NeoWave analysis, structure changes, and major updates: theonepct.substack.com
Telegram updates: bit.ly/TheOnePcT
Telegram updates: bit.ly/TheOnePcT
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As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
See the market differently — ongoing NeoWave analysis, structure changes, and major updates: theonepct.substack.com
Telegram updates: bit.ly/TheOnePcT
Telegram updates: bit.ly/TheOnePcT
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.