Yesterday, following the release of the U.S. CPI data, Bitcoin(
BTCUSDT) rallied alongside Gold(
XAUUSD) and other financial assets. As a result, Bitcoin climbed back toward the heavy resistance zone ($76,600-$64,850), the 50_EMA (Daily), the upper line of the Descending Channel, and the Cumulative Short Liquidation Leverage($66,000-$65,420).
From an Elliott Wave perspective, Bitcoin still appears to be completing sub-wave C of sub-wave Y within the main wave 4. The overall structure of the main wave 4 currently seems to be developing as a Double Three Correction (W-X-Y).
A few moments ago, the U.S. PPI report was released. However, a large portion of its impact had already been priced in after yesterday’s CPI release. In fact, the PPI data mainly confirmed the disinflation scenario rather than providing new information to the market. Therefore, it is reasonable to expect that Bitcoin’s reaction to today's PPI report may not be as strong as yesterday’s reaction to the CPI data.
I expect Bitcoin to resume its bearish move in the coming hours and decline at least toward the Cumulative Long Liquidation Leverage($63,530-$63,180). If Bitcoin breaks the key trading level of $62,800 with strong bearish momentum, we could expect a much deeper correction.
First Target: Cumulative Long Liquidation Leverage($63,530-$63,180)
Second Target: $62,423
Stop Loss(SL): $66,620
Cumulative Short Liquidation Leverage: $68,650-$67,500
Cumulative Long Liquidation Leverage: $61,500-$60,500
Cumulative Long Liquidation Leverage: $58,300-$57,700
Note: One of the most important moving averages to monitor is the 200_EMA(Weekly). Bitcoin is still trading below this moving average, and as long as it fails to close a weekly candle above it, the probability of another bearish move remains high.
Note: A key level Bitcoin must break for further decline is $62,800.
Note: Since global markets are currently sensitive to the Middle East tensions, it's important to monitor geopolitical developments and be even more disciplined with risk management.
What’s your view on Bitcoin? Can it reclaim the 200_EMA(Weekly) and continue its bullish trend, or should we prepare for another correction?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌Bitcoin Analysis (BTCUSDT), 4-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) rallied alongside Gold(XAUUSD) and other financial assets. As a result, Bitcoin climbed back toward the heavy resistance zone ($76,600-$64,850), the 50_EMA (Daily), the upper line of the Descending Channel, and the Cumulative Short Liquidation Leverage($66,000-$65,420).From an Elliott Wave perspective, Bitcoin still appears to be completing sub-wave C of sub-wave Y within the main wave 4. The overall structure of the main wave 4 currently seems to be developing as a Double Three Correction (W-X-Y).
A few moments ago, the U.S. PPI report was released. However, a large portion of its impact had already been priced in after yesterday’s CPI release. In fact, the PPI data mainly confirmed the disinflation scenario rather than providing new information to the market. Therefore, it is reasonable to expect that Bitcoin’s reaction to today's PPI report may not be as strong as yesterday’s reaction to the CPI data.
I expect Bitcoin to resume its bearish move in the coming hours and decline at least toward the Cumulative Long Liquidation Leverage($63,530-$63,180). If Bitcoin breaks the key trading level of $62,800 with strong bearish momentum, we could expect a much deeper correction.
First Target: Cumulative Long Liquidation Leverage($63,530-$63,180)
Second Target: $62,423
Stop Loss(SL): $66,620
Cumulative Short Liquidation Leverage: $68,650-$67,500
Cumulative Long Liquidation Leverage: $61,500-$60,500
Cumulative Long Liquidation Leverage: $58,300-$57,700
Note: One of the most important moving averages to monitor is the 200_EMA(Weekly). Bitcoin is still trading below this moving average, and as long as it fails to close a weekly candle above it, the probability of another bearish move remains high.
Note: A key level Bitcoin must break for further decline is $62,800.
Note: Since global markets are currently sensitive to the Middle East tensions, it's important to monitor geopolitical developments and be even more disciplined with risk management.
What’s your view on Bitcoin? Can it reclaim the 200_EMA(Weekly) and continue its bullish trend, or should we prepare for another correction?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌Bitcoin Analysis (BTCUSDT), 4-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.
การซื้อขายยังคงดำเนินอยู่
Trade was activated in Cumulative Short Liquidation Leverage($66,000-$65,420)บันทึก
If you opened your Bitcoin short position between $65,280 _ $65,580, you can now move your stop-loss to your entry price and make the trade risk-free.บันทึก
Bitcoin is currently trading near a Potential Reversal Zone (PRZ)[$65,110-$64,770], the 50 EMA(Daily), and an important Cumulative Short Liquidation Leverage($65,480-$65,000) cluster. Since trading volume is generally lower during weekends, significant breakouts above resistance or below support are typically less likely until liquidity returns.
From an Elliott Wave perspective, Bitcoin appears to have completed a Zigzag corrective structure(ABC/5-3-5) within the PRZ. This suggests that the market could begin a bearish move toward the next support zone($64,000-$63,640) and the Cumulative Long Liquidation Leverage($63,670-$63,340) . If sellers manage to break below that support with strong momentum, the probability of a deeper decline toward lower downside targets will increase.
On the fundamental side, geopolitical tensions in the Middle East continue to escalate. If risk sentiment deteriorates further when global financial markets reopen on Monday, major equity indices—particularly U.S. markets such as the S&P500—could come under additional selling pressure. Given Bitcoin's strong correlation with the S&P 500 in recent months, weakness in the stock market may also increase bearish pressure on Bitcoin.
Cumulative Long Liquidation Leverage: $61,360-$62,240
Strong Sell Orders: $65,000
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🎁 Free VIP Forex and Crypto Signals, please visit:
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-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน