BTCUSD Elliott Wave 1H Bearish Correction SetupBitcoinCRYPTO:BTCUSDBitcoinprofitableThe BTCUSD 1H chart shows a completed impulsive Elliott Wave structure ending near the recent high around the wave (5) peak. Price has respected a rising channel before breaking downward, suggesting the start of an ABC corrective phase. Wave A appears impulsive to the downside, followed by a projected Wave B retracement into the prior supply zone (around 78,300–78,600). This area aligns with previous resistance and potential liquidity, making it a key reaction zone. The projected Wave C is expected to extend lower, possibly targeting the 75,000–73,500 region, completing the correction. Momentum has shifted bearish after rejection from the top, and lower highs are forming, reinforcing short-term downside pressure. The blue path indicates a typical zigzag correction, where Wave B provides a temporary bullish retracement before continuation lower in Wave C. Traders should watch for rejection signals such as bearish engulfing candles or wicks in the supply zone to confirm entry. Entry & Exit Plan: Entry (Sell): 78,300 – 78,600 (Wave B resistance zone) Stop Loss: Above 79,800 (above recent high/liquidity) Take Profit 1: 76,000 (partial close) Take Profit 2: 75,000 Final Target: 73,500 (Wave C completion) Risk management is crucial—avoid entering without confirmation at resistance.