Is BTC Preparing for the Next Bearish Leg ?Bitcoin / TetherUS PERPETUAL CONTRACTBINANCE:BTCUSDT.PMASCryptoAna# Bitcoin Market Analysis (BTCUSDT) ## Quick Summary **Bias:** Higher Timeframe Correction (Yellow Wave X) **Current Structure:** Monitoring Micro Wave B **Confidence:** ★★★★☆ (4.5/5) **Status:** Yellow Wave X Active --- # Market Bias Neutral Bearish Bitcoin has officially entered **Yellow Wave X**, initiating the higher-timeframe corrective structure exactly as discussed in my previous analyses. The overall bearish market structure remains valid unless key invalidation levels are broken. --- # Current Scenario As outlined in my previous updates, my focus has now shifted to the **4H timeframe**. The market has successfully started **Yellow Wave X**, confirming the beginning of the higher-timeframe correction. Price reacted precisely from my first supply zone at **63.5K–63.9K**, where Micro Wave A appears to have completed. My attention now moves to the lower-timeframe demand zone around **62.6K**. There are currently two possible scenarios: ### Scenario 1 (Higher Probability) Bitcoin respects the **62.6K demand zone**, forms **Micro Wave B**, and continues developing Yellow Wave X. ### Scenario 2 Bitcoin breaks below **62.6K** and then loses **62.2K**, cancelling the corrective structure and continuing the primary bearish move as **Yellow Wave Y**. --- # Why This Scenario? • Yellow Wave X has already started. • Price respected the projected supply zone perfectly. • The 4H timeframe now controls the next major move. --- # Key Levels 🔴 Main Resistance • 64.6K • 65.4K 🟢 Targets • Primary Target: **61.1K** • Extended Target: **59.5K** --- # Invalidation The Yellow Wave X scenario becomes invalid if Bitcoin breaks below **62.2K** before completing the expected higher-timeframe correction. --- # Market Confidence ★★★★☆ (4.5/5) The market structure continues to respect the projected Wave count, although confirmation from price behavior around the demand zone remains essential. --- # Next Update The next update will be published after: • A reaction from the 62.6K demand zone. or • A confirmed break below 62.2K. --- 💬 **What do you think?** Will Bitcoin continue building **Yellow Wave X**, or will Yellow Wave Y resume sooner than expected? 👍 If you found this analysis useful, consider following **MAS Crypto Analysis** for future Bitcoin updates. *This publication is intended for educational and market analysis purposes only and does not constitute financial advice.* #Bitcoin #BTCUSDT #BTCUSD #Crypto #PriceAction #ElliottWave #WaveAnalysis #SupplyAndDemand #TrendAnalysis