Bitcoin (BTCUSDT) — H4 Formation of a Potential Wave Bitcoin / TetherUSBINANCE:BTCUSDTNewOneCryptoBitcoin (BTCUSDT) — H4 Formation of a Potential Wave 3 + Trendline Break (Bearish Continuation) 🔎 Market Structure (H4) On the H4 timeframe, BTC is forming the technical conditions for the development of a potential Wave 3 to the downside, confirmed by: a breakout below the corrective trendline (structure shift) completion of the corrective phase (Wave 2) after the impulsive rebound rejection from the upper boundary of the corrective range near local resistance loss of short-term bullish momentum and transition back into selling pressure This aligns with a classic Elliott Wave continuation model, where Wave 3 often starts once price exits the corrective structure and resumes the dominant direction. 📐 Elliott Wave Context Wave 1: initial impulsive move down (trend initiation) Wave 2: corrective retracement into resistance / structure top Wave 3: expected impulsive expansion lower (current scenario) 📌 Key principle: The bearish scenario remains valid as long as price stays below the high of Wave 1. 📍 Entry Entry: 67,789.04 The entry is positioned: below the broken trendline (breakdown confirmation area) inside the impulse activation zone after the corrective structure failed aligned with continuation momentum rather than a reversal attempt 🎯 Target Levels (Wave 3 Projections) Targets are derived from projected impulse expansion zones and key reaction levels: TP1: 65,265.44 TP2: 61,195.97 TP3: 57,931.13 TP4: 55,126.97 Each target represents a potential reaction zone and a logical level for partial profit-taking as the bearish leg develops. 🛑 Invalidation / Stop Loss Stop Loss: 70,132.38 📍 The stop is placed above the high of Wave 1, which: invalidates the Wave 3 bearish scenario if breached protects against a shift into an alternative bullish structure follows Elliott Wave risk logic (stop beyond the key swing) 🧠 Risk & Trade Management Trend-following setup Wave 3 can be strong but volatile once acceleration starts. Recommended approach: partial profits at TP1 / TP2 move stop to breakeven after confirmed impulsive continuation avoid increasing risk early — add only on intrawave pullbacks within Wave 3 confirmation improves if price holds below the broken trendline and continues with strong bearish candles 📌 Summary BTCUSDT on H4 shows a corrective trendline break and signs of Wave 2 completion, supporting the start of a potential Wave 3 to the downside. The bearish scenario remains valid below 70,132.38, with downside targets at 65,265.44 → 61,195.97 → 57,931.13 → 55,126.97.