Bitcoin Analysis==>>Last Chance!!!

7 дней назад

Bitcoin(BTCUSDT) is moving in the Resistance zone($100,000-$98,000) and near the Resistance lines.

Regarding Elliott's wave theory, I still see the waves as corrective. It is likely that Bitcoin is completing a Double Three Correction(WXY) so that it is currently completing a wave Y.

Also, we can see the Regular Divergence(RD-) between Consecutive Peaks(between volume and price).

In addition, USDT.D%(USDT.D) is moving near the Support zone and the lower line of the descending channel, so we can expect an increase in this index in the coming hours, and the increase in USDT.D% can cause Bitcoin to decrease.

I expect Bitcoin to start falling from the Resistance zone($100,000-$98,000), Cumulative Short Liquidation Leverage, and Resistance lines again. The First Target can be the Support zone($96,680-$95,500). If Bitcoin breaks the Support zone($96,680-$95,500), we can expect the CME Gap($94,830-$94,420) to be filled.

Cumulative Short Liquidation Leverage: $100,000-$99,000

Cumulative Long Liquidation Leverage: $96,000-$95,000

⚠️Note: If Bitcoin breaks the Resistance lines and Resistance zone($100,000-$98,000), we can hope for a further increase in Bitcoin.⚠️

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

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6 дней назад

Сделка активна

Trade was activated after BTC broke the Uptrend line.

5 дней назад

Заметка

I am still in a short position and even entered as much as the previous volume and moved Stop Loss(SL) to $100,923.

Please follow the capital management.