Bitcoin Reached the PRZ | Now the Reaction Matters Most

Wait 5 sec.

Bitcoin Reached the PRZ | Now the Reaction Matters MostBitcoin / TetherUSBINANCE:BTCUSDTpejman_zwinAs I expected in the previous idea, Bitcoin(BTCUSDT) started rising from the support zone($66,400-$64,900) and reached all of its targets (full target). Currently, Bitcoin is moving near the potential reversal zone (PRZ) and the Cumulative Short Liquidation Leverage ($68,670-$68,180). This recent move can be seen as a pullback to the broken support lines. From an Elliott Wave theory perspective, it seems that Bitcoin is completing a corrective Expanding Flat(ABC/3-3-5), finishing its wave C. I expect that, in the coming hours, Bitcoin will once again start declining and drop at least to $66,833. First Target: $66,833 Second Target: Cumulative Long Liquidation Leverage($66,570-$66,170) Third Target: Cumulative Long Liquidation Leverage($65,580-$65,190) Stop Loss(SL): $68,890 Points may shift as the market evolves Cumulative Short Liquidation Leverage: $70,190-$79,440 CME Gap: $84,560-$79,660 Note: The speech from Powell or any other important economic figure can influence the market trend if they discuss interest rates or significant economic topics. Note: Any news or escalation of the Middle East conflict can cause a sudden shift in Bitcoin’s trend, so, once again, manage your capital carefully in your trades. What do you think about Bitcoin—can it rise above $69,000, or will we see another decline again? 💡 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.