Bitcoin Looks Quiet _ But Pressure Is Building

May 13

Today, I want to share a short-term analysis of Bitcoin(BTCUSDT) with you on the 15-minute timeframe. Bitcoin has been moving in a range over the past few days, so maybe some traders are getting a bit tired of it.

Currently, Bitcoin is moving near a Potential Reversal Zone(PRZ)[$81,480-$81,250] and a Cumulative Short Liquidation Leverage($81,970-$81,320).

From an Elliott Wave perspective, it seems Bitcoin has completed a Zigzag Correction(ABC/5-3-5).

I expect that after breaking the support lines, Bitcoin will at least attack the support zone($80,800-$80,380), and there’s a possibility that support could break during that move.

Cumulative Long Liquidation Leverage: $79,780-$79,120

CME gap: $84,560-$83,215

CME gap: $78,545-$78,220

What’s your view on Bitcoin? Can it break the support zone($80,800-$80,380), or not?

💡 Please respect each other's opinions and express agreement or disagreement politely.

📌Bitcoin Analysis (BTCUSDT), 15-minute 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.

May 13

Trade active

Trade was activated in Potential Reversal Zone(PRZ)[$81,480-$81,250]

May 13

Trade closed: target reached

Full Target Done