Bitcoin / TetherUS
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Bitcoin Roadmap _ Short term

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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!

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