Bitcoin(
BTCUSDT), in the past two days, began rising—albeit with weak momentum—gaining around +8%. One reason for the weak momentum is the weekend, which typically has low trading volume. However, at the start of the week, when the Iran-Israel conflict emerged, Bitcoin had a short-term negative reaction, but then resumed its upward trend. It seems these conflicts no longer affect Bitcoin’s chart the way they once did.
Currently, Bitcoin is moving within an Ascending Channel on the 1-hour timeframe, and it’s important to monitor this channel closely.
From an Elliott Wave Theory perspective, Bitcoin appears to be completing its main wave 4, which seems to be forming a Double Three Correction(WXY).
I expect Bitcoin to continue its upward trend in the coming hours and at least reach the Cumulative Short Liquidation Leverage($65,160-$64,000). The next target could be around $65,300.
First Target: Cumulative Short Liquidation Leverage($65,160-$64,000)
Second Target: $65,300
Stop Loss(SL): $61,560(Worst)
Cumulative Short Liquidation Leverage: $68,540-$67,540
Cumulative Long Liquidation Leverage: $61,140-$60,080
New CME Gap: $61,950-$61,845
What’s your view on Bitcoin? Can it maintain its recent bullish momentum, or should we anticipate another correction?
💡 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), in the past two days, began rising—albeit with weak momentum—gaining around +8%. One reason for the weak momentum is the weekend, which typically has low trading volume. However, at the start of the week, when the Iran-Israel conflict emerged, Bitcoin had a short-term negative reaction, but then resumed its upward trend. It seems these conflicts no longer affect Bitcoin’s chart the way they once did.Currently, Bitcoin is moving within an Ascending Channel on the 1-hour timeframe, and it’s important to monitor this channel closely.
From an Elliott Wave Theory perspective, Bitcoin appears to be completing its main wave 4, which seems to be forming a Double Three Correction(WXY).
I expect Bitcoin to continue its upward trend in the coming hours and at least reach the Cumulative Short Liquidation Leverage($65,160-$64,000). The next target could be around $65,300.
First Target: Cumulative Short Liquidation Leverage($65,160-$64,000)
Second Target: $65,300
Stop Loss(SL): $61,560(Worst)
Cumulative Short Liquidation Leverage: $68,540-$67,540
Cumulative Long Liquidation Leverage: $61,140-$60,080
New CME Gap: $61,950-$61,845
What’s your view on Bitcoin? Can it maintain its recent bullish momentum, or should we anticipate another correction?
💡 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.
ProTrader365 | Crypto & Forex Analyst
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8+ Years Experience • Elliott Wave • Volume & Order Flow
Free Signals, Market Analysis & Education
Explore our community & VIP services:
linktr.ee/ProTrader365
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ProTrader365 | Crypto & Forex Analyst
8+ Years Experience • Elliott Wave • Volume & Order Flow
Free Signals, Market Analysis & Education
Explore our community & VIP services:
linktr.ee/ProTrader365
8+ Years Experience • Elliott Wave • Volume & Order Flow
Free Signals, Market Analysis & Education
Explore our community & VIP services:
linktr.ee/ProTrader365
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.