Bitcoin(
BTCUSDT), as I expected in the previous idea, has moved as anticipated and reached its first target (full target).
Currently, after a fake breakout above the resistance zone($94,970-$92,910), Bitcoin has fallen back below it, and this decline has come with strong momentum.
The reasons behind Bitcoin’s recent drop include concerns about a trade war between the U.S. and Europe, particularly threats from Trump imposing new tariffs on Europe over Greenland. Another factor is the potential escalation of tensions in the Middle East, which can make investors more cautious about high-risk assets.
Additionally, the recent global market declines, including the drop in indices like the S&P 500 index(
SPX500), which I had predicted, have also contributed to the bearish sentiment.
Furthermore, delays in the passing of the CLARITY Act in the U.S. and Coinbase’s withdrawal of support have added a negative sentiment to the crypto market.
From an Elliott Wave perspective, it seems that Bitcoin is currently completing wave 4, and we should expect a potential move toward the support lines. There is also a possibility that wave 5 may be truncated due to the strong momentum of wave 3.
I expect Bitcoin to decline from the Potential Reversal Zone(PRZ)[$93,730-$93,220] and move toward the support lines.
Cumulative Long Liquidation Leverage: $91,720-$91,200
Cumulative Long Liquidation Leverage: $89,920-$88,760
Cumulative Short Liquidation Leverage: $96,340,125-$96,020
Cumulative Short Liquidation Leverage: $94,360-$93,300
First Target: Support lines
Second Target: $91,833
Third Target: Potential Reversal Zone(PRZ)[$91,220-$90,780]
Stop Loss(SL): $94,433(Worst)
CME gap: $88,720-$88,120
What’s your view on Bitcoin?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌Bitcoin Analysis (BTCUSDT), 1-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), as I expected in the previous idea, has moved as anticipated and reached its first target (full target).Currently, after a fake breakout above the resistance zone($94,970-$92,910), Bitcoin has fallen back below it, and this decline has come with strong momentum.
The reasons behind Bitcoin’s recent drop include concerns about a trade war between the U.S. and Europe, particularly threats from Trump imposing new tariffs on Europe over Greenland. Another factor is the potential escalation of tensions in the Middle East, which can make investors more cautious about high-risk assets.
Additionally, the recent global market declines, including the drop in indices like the S&P 500 index(
SPX500), which I had predicted, have also contributed to the bearish sentiment.Furthermore, delays in the passing of the CLARITY Act in the U.S. and Coinbase’s withdrawal of support have added a negative sentiment to the crypto market.
From an Elliott Wave perspective, it seems that Bitcoin is currently completing wave 4, and we should expect a potential move toward the support lines. There is also a possibility that wave 5 may be truncated due to the strong momentum of wave 3.
I expect Bitcoin to decline from the Potential Reversal Zone(PRZ)[$93,730-$93,220] and move toward the support lines.
Cumulative Long Liquidation Leverage: $91,720-$91,200
Cumulative Long Liquidation Leverage: $89,920-$88,760
Cumulative Short Liquidation Leverage: $96,340,125-$96,020
Cumulative Short Liquidation Leverage: $94,360-$93,300
First Target: Support lines
Second Target: $91,833
Third Target: Potential Reversal Zone(PRZ)[$91,220-$90,780]
Stop Loss(SL): $94,433(Worst)
CME gap: $88,720-$88,120
What’s your view on Bitcoin?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌Bitcoin Analysis (BTCUSDT), 1-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.
Trade ist aktiv
Trade was activated in Potential Reversal Zone(PRZ)[$93,730-$93,220]Trade geschlossen: Ziel wurde erreicht
Full Target Done
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🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
🚀 Up to 75% Trading Fee Rebates Across 20+ Exchanges:
🤖 t.me/Protrader365bot
-----
🎁 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
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.