Bitcoin Roadmap==>>Short-term

Bitcoin() is moving near the Support zone ($95,000-$90,870) and 50_SMA(Daily), also Bitcoin managed to break the Descending Channel. Although the main Ascending Channel has been broken in the above time frame, I still expect the pullback to the main ascending channel to continue.

Regarding Elliott wave theory, Bitcoin seems to be completing microwave Y of the main wave 4.

I expect Bitcoin to rise to at least the 🎯Targets🎯 I have specified on the chart.

⚠️Note: If Bitcoin breaks below the Support zone($95,000-$93,500), there is a high probability that Bitcoin will go below $90,000.⚠️

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Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.

🔔Be sure to follow the updated ideas.🔔

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.

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액티브 트레이드

My position was activated. (Considering the condition of Bitcoin, this position seems reasonable even if Stop Loss(SL) is touched).

The descending channel became invalid for me, and now I think the Descending Broadening Wedge Pattern can be a sign of Bitcoin's rise again (along with RD+).

Also, 50_SMA(Daily) seems to play a role in supporting Bitcoin.

The CME Gap($94,760-$94,695) was filled, too.

According to the theory of Elliott waves, the X wave itself is formed by Double Three Correction. The wave chart was also updated.

Bitcoin's target is most likely around $96,800.

⚠️If Bitcoin goes below 50_SMA(Daily), the possibility of further fall is very high and you can use it as Stop Loss(SL) for our trade.⚠️

Note: Other tokens will likely experience better growth if Bitcoin increases (due to BTC.D% conditions).

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