[SeoVereign] BITCOIN BEARISH Outlook – October 05, 2025Hello everyone.
I hope you are all having a peaceful day.
Today, I am writing to share my Bitcoin short position view as of October 5th.
The first basis is the 1.902 CRAB pattern. In a traditional Crab pattern, the 1.618 extension of the XA leg is regarded as the main PRZ (Potential Reversal Zone), but in practice, it is often observed that additional extension values such as 1.902XA are formed. This zone is an area where the price, after an excessive extension, tends to reverse sharply, and it is one of the regions within harmonic patterns where strong volatility and reversal signals frequently appear. Currently, Bitcoin is encountering resistance around this 1.902XA level, which increases the probability of a short-term bearish reversal.
The second basis is that wave N and wave M are forming a 1:1 length ratio. In other words, both waves are proceeding with equal length, which resembles the AB=CD structure—a fundamental form of harmonic patterns. Such wave symmetry indicates that the market is moving in a consistent rhythm, and when two waves complete with the same length, that point often acts as a reversal signal.
Accordingly, the average target price is set around 119,168 USDT.
As the chart continues to develop, I will provide updates to this idea to inform you about my position management.
Thank you for reading.
