As I expected in the previous idea, Bitcoin(
BTCUSDT) started rising from the support zone($66,400-$64,900) and reached all of its targets (full target).
Currently, Bitcoin is moving near the potential reversal zone (PRZ) [$68,390-$67,810] and the Cumulative Short Liquidation Leverage ($68,670-$68,180). This recent move can be seen as a pullback to the broken support lines.
From an Elliott Wave theory perspective, it seems that Bitcoin is completing a corrective Expanding Flat(ABC/3-3-5), finishing its wave C.
I expect that, in the coming hours, Bitcoin will once again start declining and drop at least to $66,833.
First Target: $66,833
Second Target: Cumulative Long Liquidation Leverage($66,570-$66,170)
Third Target: Cumulative Long Liquidation Leverage($65,580-$65,190)
Stop Loss(SL): $68,890
Points may shift as the market evolves
Cumulative Short Liquidation Leverage: $70,190-$79,440
CME Gap: $84,560-$79,660
Note: The speech from Powell or any other important economic figure can influence the market trend if they discuss interest rates or significant economic topics.
Note: Any news or escalation of the Middle East conflict can cause a sudden shift in Bitcoin’s trend, so, once again, manage your capital carefully in your trades.
What do you think about Bitcoin—can it rise above $69,000, or will we see another decline again?
💡 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) started rising from the support zone($66,400-$64,900) and reached all of its targets (full target).Currently, Bitcoin is moving near the potential reversal zone (PRZ) [$68,390-$67,810] and the Cumulative Short Liquidation Leverage ($68,670-$68,180). This recent move can be seen as a pullback to the broken support lines.
From an Elliott Wave theory perspective, it seems that Bitcoin is completing a corrective Expanding Flat(ABC/3-3-5), finishing its wave C.
I expect that, in the coming hours, Bitcoin will once again start declining and drop at least to $66,833.
First Target: $66,833
Second Target: Cumulative Long Liquidation Leverage($66,570-$66,170)
Third Target: Cumulative Long Liquidation Leverage($65,580-$65,190)
Stop Loss(SL): $68,890
Points may shift as the market evolves
Cumulative Short Liquidation Leverage: $70,190-$79,440
CME Gap: $84,560-$79,660
Note: The speech from Powell or any other important economic figure can influence the market trend if they discuss interest rates or significant economic topics.
Note: Any news or escalation of the Middle East conflict can cause a sudden shift in Bitcoin’s trend, so, once again, manage your capital carefully in your trades.
What do you think about Bitcoin—can it rise above $69,000, or will we see another decline again?
💡 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.
Operación activa
Trade was activated in the Potential Reversal Zone (PRZ) [$68,390-$67,810]Operación cerrada: objetivo alcanzado
Target Done
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🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
Publicaciones relacionadas
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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
🚀 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
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.