Bitcoin Fake Breakout — Is a Bigger Correction About to Begin?Bitcoin ( BINANCE:BTCUSDT ) has experienced an upward trend over the past few days, and many traders were expecting Bitcoin to at least reach the 200_EMA(Weekly). However, due to the increasing geopolitical tensions in the Middle East and the possibility that these tensions could intensify in the coming days and nights, the market situation has changed.
At the same time, U.S. stock indices such as the S&P 500 ( CAPITALCOM:SPX500 ), as well as precious metals like Gold ( OANDA:XAUUSD ) and Silver ( OANDA:XAGUSD ), have started to decline, while the Dollar Index ( TVC:DXY DXY) has started to rise. Therefore, it seems unlikely that Bitcoin can continue its rally against this increasing macroeconomic pressure.
Before starting the technical analysis, it is important to mention that any news, statements, or developments related to the Middle East tensions over the next 24 hours could have a significant impact on risk assets such as Bitcoin.
Bitcoin has once again moved below the resistance zone($65,630-$64,650) and the 50_EMA(Daily), which could be considered a potential fake breakout.
From an Elliott Wave perspective, it appears that Bitcoin’s recent upward move could be part of a corrective structure, potentially forming a Double Three Correction(WXY).
Also, we can see a bearish Butterfly Harmonic Pattern in the 4-hour time frame.
Based on the points mentioned above, I expect Bitcoin to continue its bearish trend. After breaking the Ascending Channel support line, Bitcoin could decline at least toward the $63,300 level. If bearish momentum increases, we could expect a deeper correction.
First Target: $63,300
Second Target: $62,180
Stop Loss(SL): $66,400
Key levels: $64,120 _ $62,800 _ $66,000
Cumulative Short Liquidation Leverage: $67,700-$67,100
Cumulative Long Liquidation Leverage: $64,440-$63,460
Cumulative Long Liquidation Leverage: $61,830-$60,550
What’s your view on Bitcoin? Do you think Bitcoin can resume its bullish trend, or should we expect a correction similar to other markets?
Note: Any news, statements, or developments related to the ongoing Middle East tensions could quickly affect Bitcoin’s price action and other risk assets.
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌Bitcoin Analysis (BTCUSDT), 4-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
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Bitcoin Rebounds After CPI—Can Bulls Reclaim the 200_EMA(Weekly)Yesterday, following the release of the U.S. CPI data , Bitcoin ( BINANCE:BTCUSDT ) rallied alongside Gold ( OANDA:XAUUSD ) and other financial assets. As a result, Bitcoin climbed back toward the heavy resistance zone ($76,600-$64,850), the 50_EMA (Daily), the upper line of the Descending Channel, and the Cumulative Short Liquidation Leverage($66,000-$65,420).
From an Elliott Wave perspective, Bitcoin still appears to be completing sub-wave C of sub-wave Y within the main wave 4. The overall structure of the main wave 4 currently seems to be developing as a Double Three Correction (W-X-Y).
A few moments ago, the U.S. PPI report was released. However, a large portion of its impact had already been priced in after yesterday’s CPI release. In fact, the PPI data mainly confirmed the disinflation scenario rather than providing new information to the market. Therefore, it is reasonable to expect that Bitcoin’s reaction to today's PPI report may not be as strong as yesterday’s reaction to the CPI data.
I expect Bitcoin to resume its bearish move in the coming hours and decline at least toward the Cumulative Long Liquidation Leverage($63,530-$63,180). If Bitcoin breaks the key trading level of $62,800 with strong bearish momentum, we could expect a much deeper correction.
First Target: Cumulative Long Liquidation Leverage($63,530-$63,180)
Second Target: $62,423
Stop Loss(SL): $66,620
Cumulative Short Liquidation Leverage: $68,650-$67,500
Cumulative Long Liquidation Leverage: $61,500-$60,500
Cumulative Long Liquidation Leverage: $58,300-$57,700
Note: One of the most important moving averages to monitor is the 200_EMA(Weekly). Bitcoin is still trading below this moving average, and as long as it fails to close a weekly candle above it, the probability of another bearish move remains high.
Note: A key level Bitcoin must break for further decline is $62,800.
Note: Since global markets are currently sensitive to the Middle East tensions, it's important to monitor geopolitical developments and be even more disciplined with risk management.
What’s your view on Bitcoin? Can it reclaim the 200_EMA(Weekly) and continue its bullish trend, or should we prepare for another correction?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌Bitcoin Analysis (BTCUSDT), 4-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
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Bitcoin Near $65K Resistance — Is a Major Correction Beginning?Over the past five days, Bitcoin ( BINANCE:BTCUSDT ) appears to have formed an ascending channel and is currently moving near its resistance zone($64,750-$63,700).
From an Elliott Wave perspective, Bitcoin seems to have completed its impulsive five waves.
Since we do not have supportive volume and the DXY index ( TVC:DXY ), U.S. 10-Year Government Bond Yield ( TVC:US10 ), and likely the S&P 500 ( CAPITALCOM:SPX500 ) have factors pointing toward resistance or corrections, this may prevent further upside for Bitcoin.
Also, we can see negative Regular Divergence(RD-) between consecutive peaks.
I expect that in the coming hours, after breaking the lower line of the ascending channel, Bitcoin could at least drop toward the Cumulative Long Liquidation Leverage($61,270-$60,440)
First Target: $61,545
Second Target: $59,900
Third Target: Cumulative Long Liquidation Leverage($58,300-$57,700)
Stop Loss(SL): $65,253
Cumulative Short Liquidation Leverage: $68,650-$67,500
Cumulative Short Liquidation Leverage: $65,100-$64,250
Cumulative Long Liquidation Leverage: $62,560-$62,220
Note: Key trading levels that Bitcoin needs to cross are $62,500 and $60,500, where significant buying volume seems to be present. These levels are crucial to monitor in Bitcoin’s price action.
What’s your view on Bitcoin? Can it move above $65,000, or should we expect a correction?
💡 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.
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Bitcoin Is Pressing Resistance _ But Bears ReturnBitcoin ( BINANCE:BTCUSDT ) is currently trading near a resistance zone($62,000-$60,750), close to resistance lines and the Cumulative Short Liquidation Leverage($61,240-$60,870).
From an Elliott Wave perspective, it seems that Bitcoin is completing microwave C of the main wave 4 structure.
I expect Bitcoin to fail at this resistance zone($62,000-$60,750) and resume its decline. If BTC breaks below the critical $60,000 trading level, I believe it could potentially fall further down to the Cumulative Long Liquidation Leverage($58,300-$57,930).
First Target: Support lines
Second Target: $58,429
Stop Loss(SL): $62,503(Worst)
Cumulative Short Liquidation Leverage: $62,340-$61,840
Note: Since Bitcoin has a strong correlation with the S&P 500 index ( FX:SPX500 ), sudden moves in the S&P 500 in recent months have significantly influenced Bitcoin. Thus, we need to watch the S&P’s movement closely as well.
What’s your view on Bitcoin? Can it climb above $62,500, or should we expect further correction?
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📌Bitcoin Analysis (BTCUSDT), 1-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
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Bitcoin Roadmap: Is This the Buy Zone?Today, I want to analyze Bitcoin ( BINANCE:BTCUSDT ) on the weekly timeframe and see together at which level it might be worth considering a Buy Bitcoin —so stay with me!
At the moment, Bitcoin is moving within a heavy support zone($56,600-$48,200), near the Cumulative Long Liquidation Leverage($56,400-$54,600) and a Potential Reversal Zone(PRZ) , along with key support lines.
From an Elliott Wave perspective, it looks like Bitcoin is completing a downward wave structure, which could lead to a new upward wave beginning from this large PRZ.
I expect Bitcoin, upon entering the Potential Reversal Zone(PRZ) and Cumulative Long Liquidation Leverage($56,400-$54,600), to start increasing and at least rise toward the key trading level near $62,500 in the short term—though I also expect it to fill the lower CME Gap($54,545-$52,980) before doing so.
Target: $62,433
Stop Loss(SL): $47,400(Worst)
Cumulative Short Liquidation Leverage: $85,700-$82,200
Cumulative Short Liquidation Leverage $70,500-$67,500
CME gap: $75,455-$74,830
CME gap: $84,560-$83,215
CME gap: $79,165-$78,945
What’s your view on Bitcoin? Do you think it could drop below $50,000, or are we looking at a correction?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌Bitcoin Analysis (BTCUSDT), Weekly time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
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BTC Near Heavy Support — What Happens Here Can Change EverythingOver the past 10 days, Bitcoin ( BINANCE:BTCUSDT ) has been in a downtrend, having declined more than -10%. Now, the question is: will Bitcoin continue this downward trend, or not? Stay with me.
Currently, Bitcoin is approaching a heavy support zone($56,600-$48,000), a critical area. If Bitcoin loses this zone, it could mean some serious trouble for the cryptocurrency market in the weeks and months ahead.
Given that today’s U.S. economic data favored the dollar, with a rising DXY index ( TVC:DXY ), and considering Bitcoin’s strong correlation with the S&P 500 ( FX:SPX500 ) in recent months—since my analysis of the S&P 500 is bearish —the likelihood of Bitcoin also continuing downward is high.
From an Elliott Wave perspective, Bitcoin appears to be completing its main wave 5, and the downward waves still seem intact.
I expect Bitcoin to at least touch the heavy support zone($56,600-$48,000) and possibly initiate a bullish move from the Potential Reversal Zone(PRZ) near the support lines and maybe fill the CME Gap($54,545-$52,980).
Target: Potential Reversal Zone(PRZ)
Stop Loss(SL): $62,430(Worst)
Cumulative Short Liquidation Leverage: $63,380-$61,870
Cumulative Long Liquidation Leverage: $67,360-$56,740
What’s your view on Bitcoin? Will it drop below $50,000, or are we nearing the end of the main corrective phase?
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📌Bitcoin Analysis (BTCUSDT), 4-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
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Short 
Bitcoin Roadmap: Breakdown First, Reaction NextBefore diving into the 4-hour Bitcoin ( BINANCE:BTCUSDT ) chart, let’s quickly run through the fundamental analysis.
Please stay with me
Bitcoin Fundamental & News:
1. U.S.–Iran Roadmap Agreement — The Main Macro Catalyst
The most important development was the reported agreement between the U.S. and Iran on a roadmap toward a final deal within the next 60 days.
This reduced geopolitical risk significantly, with the Strait of Hormuz expected to remain open and oil prices falling below $80. Lower oil prices are generally positive for global inflation expectations and risk assets.
Asian equities and traditional markets reacted positively, but Bitcoin showed a classic “buy the rumor, sell the news” reaction. BTC initially spiked above $67,000 on the rumor, but after the official confirmation, it rejected and dropped back toward the $64,000 area.
2. Continued Outflows From Bitcoin ETFs
The second major bearish factor remains the persistent outflow from spot Bitcoin ETFs.
Bitcoin ETFs reportedly recorded their sixth consecutive week of outflows, with around $227 million leaving the market between June 14 and June 18 alone.
Overall, June has been a weak month for institutional flows, and these ETF outflows remain one of the main reasons Bitcoin has struggled to hold higher levels despite positive macro headlines.
3. Other Important Bitcoin Developments
On-chain activity is starting to improve, according to CryptoQuant, which may suggest that selling pressure is gradually weakening and accumulation is slowly returning.
Franklin Templeton also filed for a new Bitcoin-related DRIP ETF structure, designed to reinvest dividend income into BTC exposure.
Meanwhile, Bitcoin developers continue to discuss improvements around RBF, or Replace-by-Fee, which could improve transaction flexibility and fee management on the network.
----------
Now, let’s get into the technical analysis on the 4-hour timeframe.
Currently, Bitcoin seems to have broken the support zone($64,760-$63,720) and the lower line of the ascending channel, and is now completing a pullback toward these levels.
From an Elliott Wave perspective, this suggests that main wave 4 might have completed after breaking the lower line of the ascending channel, and we could anticipate further downside in the coming days.
Additionally, with the DXY Index ( TVC:DXY ) and U.S. 10-Year Government Bond Yield ( TVC:US10 ) both on upward trends, and considering the likelihood of a bearish S&P 500 ( FX:SPX500 ), these factors could all support further downward pressure on Bitcoin in the short term.
I expect Bitcoin, in the coming hours, to potentially drop toward the Cumulative Long Liquidation Leverage($63,020-$62,700). Bearish momentum is strong; we might even see a test of the support zone($62,000-$60,750).
Cumulative Long Liquidation Leverage: $62,160-$61,720
Cumulative Short Liquidation Leverage: $68,3700-$67,000
Cumulative Short Liquidation Leverage: $65,530-$64,880
What do you think about Bitcoin? Will it drop below $60,000, or not?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌Bitcoin Analysis (BTCUSDT), 4-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!
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BTC Near Resistance Again_ This Triangle Could Decide the NextIn the past couple of days, Bitcoin ( BINANCE:BTCUSDT ) has been largely influenced by Middle Eastern news and U.S. indices, especially the S&P 500 ( FOREXCOM:SPX500 ). Recently, Bitcoin has begun an upward movement, and at the moment, it’s near the Cumulative Short Liquidation Leverage($64,560-$63,430), resistance zone($64,200-$63,280), and the upper line of a descending channel, right at the resistance lines.
From a classical technical analysis perspective, Bitcoin could be forming a symmetrical triangle pattern, which is a continuation pattern. Since the prior trend was downward, we could anticipate further decline in the coming weeks based on that pattern.
From an Elliott Wave perspective, Bitcoin still seems to be in the completion of its main wave 4.
I expect that after approaching the key level of $63,320 and the Cumulative Short Liquidation Leverage($64,560-$63,430), Bitcoin will begin to decline, dropping at least to $62,230. If the momentum of the break is strong, we might even see further decline toward the Cumulative Long Liquidation Leverage($64,560-$63,430).
First Target: $62,230
Second Target: Cumulative Long Liquidation Leverage($64,560-$63,430)
Stop Loss(SL): $64,720(Worst)
What are your thoughts on Bitcoin? Can it stay above $65,000, or should we expect a deeper drop? Let me know your view!
💡 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!
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Bitcoin Roadmap _ Short termBitcoin ( BINANCE:BTCUSDT ), in the past two days, began rising—albeit with weak momentum—gaining around +8%. One reason for the weak momentum is the weekend, which typically has low trading volume. However, at the start of the week, when the Iran-Israel conflict emerged, Bitcoin had a short-term negative reaction, but then resumed its upward trend. It seems these conflicts no longer affect Bitcoin’s chart the way they once did.
Currently, Bitcoin is moving within an Ascending Channel on the 1-hour timeframe, and it’s important to monitor this channel closely.
From an Elliott Wave Theory perspective, Bitcoin appears to be completing its main wave 4, which seems to be forming a Double Three Correction(WXY).
I expect Bitcoin to continue its upward trend in the coming hours and at least reach the Cumulative Short Liquidation Leverage($65,160-$64,000). The next target could be around $65,300.
First Target: Cumulative Short Liquidation Leverage($65,160-$64,000)
Second Target: $65,300
Stop Loss(SL): $61,560(Worst)
Cumulative Short Liquidation Leverage: $68,540-$67,540
Cumulative Long Liquidation Leverage: $61,140-$60,080
New CME Gap: $61,950-$61,845
What’s your view on Bitcoin? Can it maintain its recent bullish momentum, or should we anticipate another correction?
💡 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!
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Bitcoin Is Sitting on Critical Support — Bulls or Bears Next?Bitcoin ( BINANCE:BTCUSDT ) continued its downward trend over the past few days, largely driven by a sharp drop in the S&P 500 ( CAPITALCOM:SPX500 ) and other U.S. indices. Over $1 trillion in market value was erased in just the first two hours of trading, prompting Bitcoin to continue its decline.
Today, I want to analyze Bitcoin on the weekly timeframe. Typically, higher timeframes carry more weight in terms of reliability.
At the moment, Bitcoin is approaching a heavy support zone($56,620-$48,200) and support lines. Often, when a major area is touched, we see at least a short-term correction. Thus, we might expect Bitcoin to move upward briefly after touching these supports.
From an Elliott Wave perspective, given the momentum of this drop—especially after a fake breakout—we could expect further declines in the months ahead. However, numerous financial factors are at play, so we need to proceed step by step.
Also, USDT.D% ( CRYPTOCAP:USDT.D ) is near its all-time highs. We might soon see a downward move from these peaks, which could lead to a short-term relief for crypto markets, including Bitcoin.
Additionally, indices like the DXY index ( TVC:DXY ) and U.S. 10-Year Government Bond Yield have shown upward trends in recent days, which puts pressure on risk assets like Bitcoin, Gold( OANDA:XAUUSD ), and U.S. stocks.
I expect Bitcoin, after touching the heavy support zone($56,620-$48,200), to bounce upward—potentially reaching around $61,900. If the recovery continues, it may challenge resistance lines.
First Target: $61,900
Second Target: Resistance lines and Cumulative Short Liquidation Leverage($70,000-$67,600)
Stop Loss(SL): $47,550(Worst)
CME gap: $75,455-$74,830
CME gap: $84,560-$83,215
CME gap: $79,165-$78,945
CME gap: $54,545-$52,980
What’s your view on Bitcoin? Do you think it could drop below $50,000, or are we looking at a correction?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌Bitcoin Analysis (BTCUSDT), Weekly 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. Long 
Bitcoin Is Sitting on Heavy Support — Bounce or Breakdown Next?Bitcoin ( BINANCE:BTCUSDT ) is currently moving in a heavy support zone($76,000-$72,760), the 100_SMA(Daily), Support lines, and the Cumulative Long Liquidation Leverage($72,350-$71,550).
Considering these strong support levels, the probability that Bitcoin breaks all of these supports with a single attack seems relatively low. Because of this, we could at least expect a short-term upward correction for Bitcoin.
Also, from an Elliott Wave Theory perspective, it seems Bitcoin may have started a new impulsive bearish wave, which may not be good news for the cryptocurrency market and crypto investors.
I expect Bitcoin to start rising from the support lines and the Cumulative Long Liquidation Leverage($72,350-$71,550), potentially moving toward the Cumulative Short Liquidation Leverage($74,300-$73,790).
Target: Cumulative Short Liquidation Leverage($74,300-$73,790)
Stop Loss(SL): $71,467(Worst)
CME gap: $75,455-$74,830
CME gap: $84,560-$83,215
CME gap: $79,165-$78,945
CME gap: $70,055-$69,535
What’s your view on Bitcoin? Can Bitcoin drop below $70,000, or are we about to see another bullish move begin?
💡 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!
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Bitcoin Is Losing Support _ And Macro Pressure Is BuildingBitcoin ( BINANCE:BTCUSDT ) started to decline right after the U.S. markets opened, surprising many traders. A large number of traders expected Bitcoin to attack the 200_SMA(Daily) once again, but that scenario did not happen.
At the moment, Bitcoin is attempting to break the support zone($79,750-$79,480) and the lower line of the descending channel.
From an Elliott Wave perspective, it seems we should expect more corrective downward waves, especially considering the bearish momentum seen in recent hours.
Additionally, the DXY index ( TVC:DXY ) is still showing bullish momentum, and due to Bitcoin’s strong correlation with the S&P 500 index ( FX:SPX500 ) in recent months, any weakness in the S&P 500 could also pressure Bitcoin further. At the same time, the U.S. 10-Year Government Bond Yield( TVC:US10 ) still appears bullish, and all of these factors together could support further downside for Bitcoin.
I expect Bitcoin to continue its bearish movement, break the support zone($79,750-$79,480), and, after filling the CME gap($78,545-$78,220), decline at least toward the Potential Reversal Zone (PRZ) .
Target: Potential Reversal Zone (PRZ)
Stop Loss(SL): $80,900(Worst)
Cumulative Long Liquidation Leverage: $83,580-$82,540
CME gap: $84,560-$83,215
What’s your view on Bitcoin? Can Bitcoin move back above $80,000, or should we expect a deeper correction?
Note: We should also continue monitoring geopolitical developments closely. Any escalation in tensions or unexpected news events could lead to further downside pressure on Bitcoin.
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌Bitcoin Analysis (BTCUSDT), 4-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!
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Bitcoin Looks Quiet _ But Pressure Is BuildingToday, I want to share a short-term analysis of Bitcoin ( BINANCE: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) 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!
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Bitcoin Rally Failed Near the Top — Is a Bigger Drop Next?As I expected at the start of the week—just like I mentioned in the previous daily timeframe post — Bitcoin ( BINANCE:BTCUSDT ) began to decline from around the resistance lines, resistance zone($79,500-$78,750), and the 21_SMA(Weekly). In recent hours, this decline has been continuing with solid momentum.
From a classical technical analysis standpoint, it looks like Bitcoin, on the 4-hour timeframe, is forming an Adam & Adam Double Top Pattern(AADT) —one of the valid types of double-top patterns. A notable sign is that the right top is approaching the neckline with strong momentum, which adds to the pattern’s reliability.
From an Elliott Wave Theory perspective, it seems Bitcoin has completed its main wave 4 right near the resistance lines.
Also, we can see a negative Regular Divergence(RD-) between the last two peaks.
Since the S&P500 index ( FX:SPX500 ) is near its all-time highs, we must also keep an eye on it. If the S&P corrects from these highs, Bitcoin’s decline could be amplified due to their correlation. This increases the likelihood of further downside.
I expect that after breaking the support zone ($77,160-$76,740) and the neckline, Bitcoin could drop at least to around $74,900. If the downward momentum is strong, we could look for lower targets.
Target: $74,900
Stop Loss: $81,000(Worst)
Cumulative Short Liquidation Leverage: $80,100-$79,540
Cumulative Long Liquidation Leverage: $76,980-$76,200
Cumulative Long Liquidation Leverage: $74,500-$73,500
CME gap: $84,560-$79,660
CME gap: $69,535-$70,055
CME gap: $67,570-$67,170
What’s your view on Bitcoin? Could it push toward $80,000, or should we anticipate a deeper correction?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌Bitcoin Analysis (BTCUSDT), 4-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. Short 
Bitcoin After the Rally — Is a Bigger Drop Loading?Last week, as investor optimism rose, especially alongside the stock market and the S&P 500 ( FX:SPX500 ), Bitcoin ( BINANCE:BTCUSDT ) didn’t miss out on the rally, reaching around $78,600. However, over the weekend, Bitcoin began to decline. One reason is the possibility of renewed military tensions between Iran and the U.S. in the Middle East, which brought more fear into the crypto market.
Additionally, since my analysis of the S&P 500 suggests a bearish outlook, Bitcoin may continue its downward trend this week. That said, any positive news—like an Iran-U.S. agreement—could swiftly shift the market, so risk management is key.
Currently, Bitcoin is moving in the heavy resistance zone($78,600-$71,700) and approaching the Cumulative Short Liquidation Leverage($77,700-$76,000).
From a classical technical perspective, it seems Bitcoin could form a head and shoulders pattern, especially if it begins to decline before reaching $76,000. This would confirm the pattern and could lead to further declines in the coming days.
From an Elliott Wave perspective, it looks like Bitcoin completed its main wave C, so we may expect downward waves—particularly after breaking support lines.
I expect Bitcoin, after hitting the Cumulative Short Liquidation Leverage($77,700-$76,000), could drop at least to $76,000, break support lines, and potentially fall to around $73,600. If the momentum is strong, we might even see it drop toward $72,230.
First Target: $73,600
Second Target: $72,230
Stop Loss(SL): $77,500(Worst)
Points may shift as the market evolves
Cumulative Long Liquidation Leverage: $73,300-$72,800
New CME gap: $77,545-$75,680
CME gap: $84,560-$79,660
CME gap: $70,055-$69,535
CME Gap: $67,570-$67,170
What’s your view on Bitcoin? Could it push above $80,000, or should we expect another drop?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌Bitcoin Analysis (BTCUSDT), 4-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. Short 
BTCUSDT. Reversal to 66K on failed negotiations on HormuzTechnical Analysis:
1️⃣ CCI — around −100; trade confirmation needed: a return to at least 0 followed by another move down
2️⃣ RSI — around 50; ideally needs a push back above 50 and then a break below
3️⃣ Levels:
🔸 Volume block — 71,800 – 70,870
🔸 Extension 1 = 69,500
🔸 Extension 2 = 68,500
🔸 Volume 1 = 68,600
🔸 Volume 2 = 66,940
🔸 Full wave set down from H4 = 66,450
‼️ Key confluences: 1) Volume 1 + Extension 2, and 2) Volume 2 + full wave set down
4️⃣ Higher TF (H4) — potential break of 50 and 200 MAs will be a confirmation of a large wave down
5️⃣ Price move forecast — see chart.
Entry, Stop, Target:
🔸 Entry: Sell. Break below the 200 EMA (green) from above on h1
🔸 Stop: Tentatively above the volume block at 71,800
🔸 Target: Tentatively volume 2 = 66,900
🔸 Risk/Reward: 5.3
🔸 Execution: One week
Cancellation:
🔸 Resumption of negotiations or gradual de-escalation of the conflict
Fundamentals:
Today (April 13) the Strait of Hormuz blockade begins — the key risk driver. Meanwhile, on April 10, ahead of the expected negotiations, institutionals bought 4,614 BTC via ETFs ($334.6M). Whale inflows to Binance dropped below $3B (April 11) — large players have stopped moving coins to exchanges to sell. As long as the Iran conflict remains the dominant narrative and doesn't shift into a slow-burn mode (or end, which is unlikely in the near term), the entire crypto market will stay under pressure. Smart money, as usual, is buying while there is blood is in the streets. Short 
Bitcoin Gains Momentum — Can It Hold Above $70,000?So far, Bitcoin ( BINANCE:BTCUSDT ), as we begin the new week, has managed to increase in price by over +5%, breathing hope into crypto traders’ sentiment. One of the reasons for this rise is the potential agreement between Iran and the U.S. in the coming days, which could signal the end of conflict and revive global economic flows, making people turn toward risk assets like Bitcoin. ( Given Trump's threat by tomorrow, tomorrow could also be an important day for financial markets. )
Additionally, the S&P 500 index ( FX:SPX500 ) conditions suggest a likely upward trend, and given Bitcoin’s correlation with the S&P 500, we may see Bitcoin continuing its upward momentum.
At the moment, Bitcoin is moving near a resistance zone ($70,740-$69,300) and close to a Cumulative Short Liquidation Leverage($71,000-$70,000).
From the perspective of Elliott Wave theory, it seems Bitcoin is completing its main wave 3, and we can anticipate that after the main wave 4, Bitcoin may resume its upward movement.
I expect that Bitcoin, after nearing the Cumulative Long Liquidation Leverage ($68,610-$68,300) and the 50_SMA (Daily), could start increasing again and, if momentum is strong, might rise beyond $70,000.
First Target: Cumulative Short Liquidation Leverage($71,000-$70,000)
Second Target: Cumulative Short Liquidation Leverage($73,420-$72,000)
Stop Loss(SL): $67,540(Worst)
Points may shift as the market evolves
Cumulative Long Liquidation Leverage: $66,420-$65,340
New CME Gap: $67,570-$67,170
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.
Do you think Bitcoin could stabilize above $70,000, or should we expect another price correction?
💡 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. Long 
BTCUSDT. Rise to 71,000 and possible pullbackTechnical Analysis:
1️⃣СCI - above +100, a trade will require a move below +100
2️⃣RSI - above 70, a trade will require a move below 70
3️⃣Levels:
🔸Most important - 61.8% Fibonacci + uptrend = 69,330, which we've already passed
🔸Range = 1st uptrend = 71,500 + Volume 1 = 70,860 + 78.6% = 70,500 - potential reversal zone
🔸Volume 2 = 68,660
🔸Volume 3 = 66,870
4️⃣Larger TF (h4) - 200 EMA broken, CCI and RSI are also above the extreme range boundaries. The average will become a potential stop for the price during the downward movement.
5️⃣Price movement forecast - on the chart.
Entry, stop, take profit:
🔸Entry: Sell. A downward breakout of something in the range above. I believe this will happen between 70860 and 70500.
🔸Stop: Preliminary behind the peak at 72000; with a sharp move, you can quickly move to a buy/stop position.
🔸Take profit: Preliminary volume 3 = 66870
🔸Risk/reward: 2.18 - not the best trade
🔸Execution: I think until Wednesday or Thursday
Cancellation
🔸Ceasefire in the Middle East
Fundamental:
1️⃣ Fear Index: 13 (Extreme Fear) → 🟢 Positive for BTC.
Potential reversal. Trigger - Middle East.
2️⃣ BTC Dominance: 56.3% → ⚪ Neutral.
Down from 58.5% a week earlier. Capital still prefers BTC.
3️⃣ Funding Rate: +0.0055% (Binance API, April 6, 08:00 UTC) → ⚪ Neutral.
Close to zero (base 0.01%). No overheating. Market in standby mode.
4️⃣ Open Interest: ~$46.9B → 🟢 Positive for BTC.
Traders are hardly using leverage.
5️⃣ Liquidations (24h): $47.8M, 55.7K accounts (CoinGlass) → ⚪ Neutral.
Few liquidations.
6️⃣ ETF Flows: +$22.3M for the week (March 30 - April 2) → ⚪ Neutral.
There were a lot of days off. But the important thing is that the outflows have given way to a small inflow. New data will be available tomorrow.
7️⃣ Exchange Net Flow: +2,438 BTC for April 6 (incomplete daily data) → ⚪ Neutral.
A small inflow to exchanges after a series of outflows in late March - early April. Volume is still insignificant.
8️⃣ MVRV: ~1.5-1.7 (estimate) → ⚪ Neutral.
Market is in profit ~50%.
9️⃣ Whale Inflow Ratio: falling from a peak of 0.85 (February) → ⚪ Neutral.
Downward pressure on the price from whale selling is easing.
🔟 Top Holders: 270,000 BTC accumulated over the month, 20,031 wallets with 100+ BTC → 🟢 Positive for BTC. Retailers are selling, whales are buying.
1️⃣1️⃣ Geopolitics: Iran → 🔴 Negative for BTC. The most important factor.
The situation changes literally with every new article, either about a ceasefire or new threats. Bitcoin is currently gaining on rumors of a 45-day truce, but what's actually happening is unclear. And this is the most dangerous factor affecting the price.
Conclusion: 👈🏻 Neutral with a bullish bias in the medium term. Overall, the fundamentals are in a holding pattern. A clear resolution to the situation in the Middle East is important. Short 
Bitcoin Inside a Rising Wedge — Breakout or Breakdown?After the start of the military conflict in the Middle East, Bitcoin( BINANCE:BTCUSDT ) hasn’t performed with strong momentum; instead, it has been trading in a range over these past few days. The question now is whether Bitcoin can make a major move or if it will remain in this price range. So, stay with me.
Right now, Bitcoin is moving in a resistance zone($76,620-$71,700), close to the Cumulative Short Liquidation Leverage($75,650-$74,520).
From a classic technical analysis perspective, it appears that Bitcoin is inside a rising wedge pattern, which is a bearish reversal formation.
From an Elliott Wave theory perspective, it seems that Bitcoin is completing microwave C of the main wave Y within this rising wedge pattern.
I expect that in the coming hours, if conditions align—considering that USDT.D%( CRYPTOCAP:USDT.D )and the S&P 500 index( FX:SPX500 ) are both bullish—Bitcoin could drop again and rise back up at least to $71,100.
Bitcoin’s movements these days are heavily influenced by the Middle East news and the important S&P 500 index. So, it’s better to focus more on short-term moves and, as always, manage your capital carefully.
First Target: $71,100
Second Target: Support zone($70,100-$69,130)
Third Target: $68,437
Stop Loss(SL): $77,133
Points may shift as the market evolves
Cumulative Long Liquidation Leverage: $72,280-$71,490
New CME Gap: $71,845-$71,495
Do you think Bitcoin can reach $80,000, or should we be prepared for another Bitcoin drop? Let me know your thoughts!
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌Bitcoin Analysis (BTCUSDT), 4-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. Short 
Bitcoin Is Building Pressure Below Resistance zoneBitcoin( BINANCE:BTCUSDT ) in the past few days has shown a very high correlation with U.S. indices, especially the S&P 500 index( FX:SPX500 ), so that whenever we see a sharp movement or strong momentum in that index, Bitcoin quickly moves in tandem. Now, based on the data on the chart, I’m going to focus on short-term movements of Bitcoin—so stay with me.
Currently, Bitcoin is moving in a resistance zone($76,600-$71,700).
From a price action pattern perspective, on the 4-hour timeframe, Bitcoin's upward move over the last two days appears to have begun with a Bullish Quasimodo Pattern.
From an Elliott Wave theory perspective, it appears that Bitcoin is completing microwave C of the main wave Y in a Double Three Correction(WXY).
I expect that Bitcoin, from near the Cumulative Long Liquidation Leverage($76,600-$71,700) and the support zone($70,000-$69,130), will rise again and attack the resistance zone($76,600-$71,700), at least reaching the Cumulative Short Liquidation Leverage($74,820-$73,850).
First Target: Cumulative Short Liquidation Leverage($74,820-$73,850)
Second Target: $76,117
Stop Loss(SL): $67,796
Points may shift as the market evolves
What’s your view on Bitcoin? Do you think Bitcoin can reach above $76,000 in the coming days, or not?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌Bitcoin Analysis (BTCUSDT), 4-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. Long 
Long 
