Bitcoin Lost Momentum Near PRZ — Is a Deeper Drop Coming?Bitcoin / TetherUSBINANCE:BTCUSDTpejman_zwinOver the weekend, Bitcoin(BTCUSDT) extended its bullish run from last week, gaining over +3% and climbing close to the resistance lines and the Potential Reversal Zone(PRZ). However, with the start of the new week—especially as tensions escalated in the Middle East—Bitcoin, like the S&P 500(SPX500) and Gold(XAUUSD), suddenly reversed downward. It is now trading below the Resistance zone ($79,490-$78,750) and is breaking support lines. From an Elliott Wave perspective, it seems Bitcoin’s five-wave upward impulse is complete, and we can expect at least a short-term correction. Also, we can see a negative Regular Divergence(RD-) between two consecutive peaks. I expect that in the coming hours, after breaking these support lines, Bitcoin will fill the New CME gap($78,545-$78,220) and drop at least to the Cumulative Long Liquidation Leverage($77,740-$76,790). First Target: Cumulative Long Liquidation Leverage($77,740-$76,790) Second Target: $75,823 Stop Loss: $80,700(Worst) Cumulative Short Liquidation Leverage: $81,630-$80,800 CME gap: $84,560-$81,015 What’s your view on Bitcoin? Can it push back above $80,000, or should we expect further downside? Note: Tensions between Iran and the U.S. have escalated in recent hours. News surrounding these events can rapidly impact Bitcoin and other assets. So, manage your risk even more carefully. 💡 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.