Bitcoin Is Building Pressure Below Resistance zoneBitcoin / TetherUSBINANCE:BTCUSDTpejman_zwinBitcoin(BTCUSDT) in the past few days has shown a very high correlation with U.S. indices, especially the S&P 500 index(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.