BTC/USDT: Elliott Wave Analysis – Watching the 4H FVG Bitcoin / TetherUSBINANCE:BTCUSDTddelcastillo78Technical Analysis: Elliott Wave Structure: Following a clear impulsive move lower, Bitcoin appears to be carving out a corrective Wave (2). This bounce is essential to neutralize oversold conditions before the primary bearish trend resumes. Fair Value Gap (4H): I have identified a significant Bearish FVG on the 4-hour timeframe just above current price levels. This zone acts as a "liquidity magnet" where institutional sell orders are likely clustered. Volume & Price Divergence: While we see green volume bars, the price action shows diminishing marginal returns (long upper wicks), suggesting that buying pressure is being absorbed by heavy overhead resistance. RSI Levels: The RSI is currently sitting around 57, leaving room for a final push into the FVG before hitting overbought territory and reversing. Trading Plan: Patience is Key: I am not entering at current prices. My strategy is to wait for a precise touch of the 4H FVG (around the $71.5k - $72k area). Confirmation: I am looking for a bearish rejection candle (Pin Bar or Engulfing) within the FVG to confirm the start of Wave (3) lower. Targets: My primary objective remains the liquidity pool near the bottom of the channel and the psychological support at $66,435. Risk Management: As Mark Douglas teaches, every trade has a random outcome; our job is to execute our edge with discipline. I will be risking a fixed percentage of my account, keeping stops tight above the recent swing high to protect capital. Not financial advice. Trade at your own risk.