Elliott Wave Analysis BTC/USD 1H – Corrective Structure SignalinBitcoinCRYPTO:BTCUSDBitcoinprofitableThe chart (BTC/USD 1H) shows a completed impulsive move followed by a complex Elliott Wave corrective structure (W–X–Y–Z) forming inside a descending channel. Price has failed to break above the upper trendline, confirming bearish pressure. The labeling suggests that the market is finishing a corrective wave B/X, and preparing for a final wave C/Z downward, targeting liquidity near the lower channel boundary and the highlighted demand zone around 72,800–73,000. The sequence indicates exhaustion at the top with lower highs, while internal ABC structures confirm corrective behavior rather than a new bullish impulse. The projected path (blue arrow) aligns with a typical Elliott Wave expectation: a final push down to complete the correction before any potential higher timeframe reversal. Entry Plan: Wait for price to retrace into the 74,800–75,200 resistance zone (near wave B/X area). Confirm rejection (bearish engulfing / structure break on lower timeframe). Enter SELL at the rejection zone. Stop-Loss: Above the recent swing high (~75,800), beyond channel resistance. Take-Profit Targets: TP1: 73,800 (internal support) TP2: 73,200 (mid-channel) TP3: 72,800 (final wave C/Z completion zone) Alternative Scenario: If price breaks and closes above 75,800, the bearish count becomes invalid, suggesting a potential bullish continuation instead.