As I expected in the previous idea, Bitcoin(
BTCUSDT) started dropping and hit all its targets—full target down. But now the question is this: in recent hours, Bitcoin has started rising again with solid momentum. One of the reasons for this increase—just like previous weeks—is Bitcoin being influenced by the S&P 500(
SPX500), which had significant gains during those hours.
At the moment, Bitcoin seems to have broken the resistance lines and the resistance zone($80,800-$80,380). It looks like we should expect a pullback into these areas.
From an Elliott Wave theory perspective, given Bitcoin’s recent bullish momentum, we could anticipate a 5-wave impulsive structure in the coming hours.
I expect that after completing its pullback to the resistances, Bitcoin will start rising and could reach at least $81,690, attacking the 200_SMA(Daily). We’ll need to see if it can break that dynamic resistance or not.
First Target: $81,690
Second Target: Cumulative Short Liquidation Leverage($82,800-$82,000)
Stop Loss(SL): $79,991(Worst)
Cumulative Long Liquidation Leverage: $79,000-$78,000
CME gap: $84,560-$83,215
CME gap: $78,545-$78,220
What’s your view on Bitcoin? Can it continue its recent bullish run, or should we be ready for a market surprise?
💡 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 dropping and hit all its targets—full target down. But now the question is this: in recent hours, Bitcoin has started rising again with solid momentum. One of the reasons for this increase—just like previous weeks—is Bitcoin being influenced by the S&P 500(SPX500), which had significant gains during those hours.At the moment, Bitcoin seems to have broken the resistance lines and the resistance zone($80,800-$80,380). It looks like we should expect a pullback into these areas.
From an Elliott Wave theory perspective, given Bitcoin’s recent bullish momentum, we could anticipate a 5-wave impulsive structure in the coming hours.
I expect that after completing its pullback to the resistances, Bitcoin will start rising and could reach at least $81,690, attacking the 200_SMA(Daily). We’ll need to see if it can break that dynamic resistance or not.
First Target: $81,690
Second Target: Cumulative Short Liquidation Leverage($82,800-$82,000)
Stop Loss(SL): $79,991(Worst)
Cumulative Long Liquidation Leverage: $79,000-$78,000
CME gap: $84,560-$83,215
CME gap: $78,545-$78,220
What’s your view on Bitcoin? Can it continue its recent bullish run, or should we be ready for a market surprise?
💡 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.
Giao dịch đang hoạt động
Đóng lệnh: dừng lỗ
Stop Loss was touchedTransparency is always important to me, and I will announce if the Stop Loss(SL) is touched
Ghi chú
More dumpsGhi chú
Bitcoin Still Looks BearishAfter touching the $80,000 level, Bitcoin could still move lower from here.
At the same time, the S&P 500 appears to be losing its ascending channel structure, which may signal weakness in the broader market.
The U.S. Dollar Index (DXY) is also likely to continue its upward trend, while the U.S. 10-Year Treasury Yield remains bullish as well.
Overall, the macro conditions still suggest a bearish outlook for Bitcoin.
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🚀 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
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.