Bitcoin Roadmap | Short-term

Mar 27

Bitcoin(BTCUSDT), like many other assets recently, has been heavily influenced by the military conflict in the Middle East, as well as the comments from politicians about whether the war will continue or a ceasefire will occur. Thus, today I want to share a short-term analysis of Bitcoin with you using a 15-minute time frame, because longer-term analyses can become too volatile when news events are unfolding rapidly.

Currently, Bitcoin is moving near the support zone($66,400-$64,900), Cumulative Long Liquidation Leverage($65,300-$64,450), and close to the upper line of a descending channel.

From a classic technical analysis perspective, it seems Bitcoin is completing a five-wave downward structure, which may finish near the lower line of the descending channel.

I expect that, given the importance of Cumulative Long Liquidation Leverage($65,300-$64,450), we might see a temporary increase, with Bitcoin potentially rising to $66,421. And if the upward momentum continues, we could expect a rise in Cumulative Short Liquidation Leverage($68,100-$67,000).

First Target: $66,421

Second Target: Cumulative Short Liquidation Leverage($68,100-$67,000)

Stop Loss(SL): $64,417

Points may shift as the market evolves

Cumulative Short Liquidation Leverage: $70,780-$69,380

Note: Recently, Bitcoin has shown a strong correlation with the S&P 500(SPX500). Thus, if the S&P 500 drops further, we might see Bitcoin break its support zone($66,400-$64,900) as well.

Note: Any news or escalation of the Middle East conflict can cause a sudden shift in Bitcoin’s trend, so, once again, manage your capital carefully in your trades.

What do you think—do you believe Bitcoin can drop below $64,000 in the coming days, or might we see a temporary recovery for Bitcoin again?

💡 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.

Mar 30

Trade closed: target reached

Full Target Done

Bitcoin started to rise right after entering the Cumulative Long Liquidation Leverage ($65,300-$64,450) and reached all its targets.