Bitcoin Bearish Momentum Continues | Blue Wave Y Targets 61.1KBitcoin / TetherUS PERPETUAL CONTRACTBINANCE:BTCUSDT.PMASCryptoAna# Bitcoin Market Analysis (BTCUSDT) ## Quick Summary **Bias:** Bearish **Expected Move:** 63.5K–63.9K → 61.1K → 59.5K **Confidence:** ★★★★☆ (4.5/5) **Status:** Active --- ## Market Bias Bearish Bitcoin continues to follow the bearish scenario exactly as expected. The downside momentum remains strong after confirming the beginning of **Blue Wave Y**, while the current pullback appears to be only a lower-timeframe correction. --- ## Current Scenario The bearish confirmation played out successfully, and Bitcoin continued its strong downward movement, confirming the start of **Blue Wave Y**. At the moment, I'm monitoring a minor corrective move on the lower timeframes. If buyers manage a short-term recovery, I'm watching the **63.5K–63.9K** area as the next lower-timeframe supply zone where sellers may step in again before the downtrend resumes. --- ## Why This Scenario? • Blue Wave Y remains active. • Bearish momentum is still dominant. • Current movement appears to be a lower-timeframe correction. • The next supply zone could provide another bearish reaction. --- ## Key Levels 🔴 **Resistance** • 63.5K • 63.9K 🟢 **Targets** • **Primary Target** 61.1K • **Extended Target** 59.5K --- ## Invalidation This analysis becomes invalid if Bitcoin closes above **65.4K**, invalidating the current bearish structure. --- ## Market Confidence ★★★★☆ (4.5/5) **Reason** • Strong bearish momentum. • Blue Wave Y remains active. • Current pullback is considered corrective unless invalidated. --- ## Next Update I'll publish another update after either: • Price reaches the lower-timeframe supply zone. • A new bearish continuation signal appears. • The bearish structure becomes invalid. --- 👍 Like this analysis if you found it useful. *This publication is intended for market analysis and educational purposes only. It does not constitute financial advice.* #Bitcoin #BTCUSDT #BTCUSD #Crypto #PriceAction #ElliottWave #WaveAnalysis #SupplyAndDemand #TrendAnalysis