Bitcoin continues to respect the bullish market highlighted in our previous analysis, where the AB=CD structure pointed toward significant upside potential. The market has since retraced into a well defined re-accumulation zone, aligning precisely with prior expectations.
Price has held firmly above the round figure support ($100k), with the current structure confirming a healthy correction within trend.
As long as the re-accumulation zone between 104k–107k holds, momentum remains skewed to the upside. The projected 2.618 extension sits near the 122k mark, where the current setup aims to complete.
The broader structure still respects higher timeframe demand and ascending channel boundaries, keeping bullish continuation valid unless 100k decisively breaks. Watch for confirmation breakout above 112k to activate the next leg of the move.
If you found this analysis insightful, drop a like to support the work and leave a comment with your perspective whether you agree, disagree, or have an alternate scenario in mind. Let's grow together through collective insights.
Price has held firmly above the round figure support ($100k), with the current structure confirming a healthy correction within trend.
As long as the re-accumulation zone between 104k–107k holds, momentum remains skewed to the upside. The projected 2.618 extension sits near the 122k mark, where the current setup aims to complete.
The broader structure still respects higher timeframe demand and ascending channel boundaries, keeping bullish continuation valid unless 100k decisively breaks. Watch for confirmation breakout above 112k to activate the next leg of the move.
If you found this analysis insightful, drop a like to support the work and leave a comment with your perspective whether you agree, disagree, or have an alternate scenario in mind. Let's grow together through collective insights.
Trade active
Price approaches the re-accumulation zone provided for the proposed pattern AB=CDNote
BTC tapped inside the setup re-accumulation zone and fly back up.Note
Price approaching local resistance zone towards 111k and if rejected then we should expect a re-test of 107k-108k area before further upside move.Note
The expected correction now completed. Time to wait for the real growth.Note
Trade closed: target reached
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📍Let’s Trade Smart & Stay Protected ⭐️⭐️
📌 Follow only my official links:
📌 Main Channel → t.me/wcsechanneL
📌 Forex Zone → t.me/wcsefxchannel
📌 Promotions, Ads & Partnerships: 📥☎️ t.me/WESLAD
⚠️⚠️Stay safe out there! ❌❌
📌 Follow only my official links:
📌 Main Channel → t.me/wcsechanneL
📌 Forex Zone → t.me/wcsefxchannel
📌 Promotions, Ads & Partnerships: 📥☎️ t.me/WESLAD
⚠️⚠️Stay safe out there! ❌❌
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.