BTC at the Final Confirmation / 64.79K → Yellow Wave Y ?Bitcoin / TetherUS PERPETUAL CONTRACTBINANCE:BTCUSDT.PMASCryptoAna# Bitcoin Market Analysis (BTCUSDT) ## Quick Summary **Bias:** Bearish (Confirmation Pending) **Current Structure:** Yellow Wave X — awaiting final confirmation for Yellow Wave Y **Confidence:** ★★★★☆ (4.5/5) **Status:** Multiple timeframe signals are appearing, but the key confirmation is still the Daily candle close below **64,794.4**. --- # Previous Result 📌 The expected bearish signals have now started appearing across multiple timeframes. 🎯 The next important step is waiting for the Daily candle to close below **64,794.4**, which is my confirmation key for ending Yellow Wave X and activating Yellow Wave Y. --- # Market Bias **Bearish (Confirmation Pending)** The larger bearish structure remains valid, and multiple timeframe signals are now starting to appear. However, I still need the **Daily candle close below 64,794.4** to confirm that the Yellow Wave X correction has ended and that **Yellow Wave Y** has officially begun. --- # Current Scenario Multiple bearish signals have started to appear across different timeframes. However, my main confirmation remains the **Daily candle close below 64,794.4**. If the Daily candle closes below this level, I will consider the **Yellow Wave X correction completed** and expect the beginning of **Yellow Wave Y**, continuing the main bearish direction discussed throughout my previous ideas. After Yellow Wave Y begins, I will also monitor the **Daily timeframe** for a potential additional signal. If a Daily signal appears, Bitcoin could potentially move deeper than my current projected targets, and I will update the analysis if that happens. There is also a secondary possibility that Bitcoin returns to retest the major supply area around **65K**. If that happens, I will monitor how the move develops and whether it forms the expected **Purple Wave X correction on the 45-minute timeframe**. I have already received a signal on the **30-minute timeframe** suggesting the beginning of this correction, but I need to see the internal **Micro ABC structure** develop before confirming it. ⚠️ **Invalidation for this 30m TF correction scenario:** If Bitcoin breaks below **63,794.3** before the Micro ABC structure forms, this corrective scenario will be invalidated. --- # Why This Scenario? • Multiple bearish signals are now appearing across different timeframes. • **64,794.4** is the key Daily confirmation level. • A Daily close below 64,794.4 would confirm the end of Yellow Wave X. • The next major bearish structure would then be **Yellow Wave Y**. • The Daily timeframe could potentially provide a signal for a deeper move beyond the current targets. • A 30m signal has appeared for a potential Purple Wave X correction. • The 45m timeframe will be monitored for the development of the Micro ABC structure. --- # Key Levels 🔴 **Main Resistance** • **65.4K** • **65.1K** 🟢 Bearish Targets • Primary Target: 61.1K • Extended Target: 59.5K 🟡 **Day Confirmation** • **64,794.4** ⚠️ **30m Correction Invalidation** • **63,794.3** --- # Market Confidence ★★★★☆ (4.5/5) Multiple timeframe signals are now appearing, increasing confidence in the bearish structure. However, the **Daily close below 64,794.4** remains the key confirmation needed before I consider Yellow Wave Y officially activated. --- 💬 **What do you think?** Will Bitcoin close below **64,794.4** and finally activate Yellow Wave Y, or will we get another push toward the **65K supply zone** first? 👍 If you find this analysis useful, don't forget to follow **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