BTC 1D TF Wave Y Started ? | 64.2K Key Level ^_^Bitcoin / TetherUS PERPETUAL CONTRACTBINANCE:BTCUSDT.PMASCryptoAna# Bitcoin Market Analysis (BTCUSDT) ## Quick Summary **Bias:** Bearish **Current Structure:** 4H Yellow Wave Y → Potential 1D Wave Y Started **Status:** Waiting for the 1D confirmation below 64,251.5. --- # Previous Result ✅ Bitcoin successfully reversed from our projected **64.3K supply zone**, as mentioned in my previous idea. 📉 The bearish structure remains active, and I am now watching for a break below **63K** to reach the lower demand zone around **62.6K**. --- # Market Bias **Bearish** The larger bearish structure remains valid, and today's **1D timeframe** could provide the confirmation needed to start a much deeper bearish extension. --- # Current Scenario Only around **15 minutes** remain before the key timeframe closes. I am waiting for the **1D timeframe** to produce a signal confirming the end of the current **Day TF correction X**. My key confirmation level is: **64,251.5** If the Daily candle closes below this level, I will consider the beginning of the **1D Wave Y bearish extension** confirmed. In that scenario, I expect Bitcoin to move deeper than my current targets. 🎯 **Primary Target:** 61.1K 🎯 **Extended Target:** 59.5K ⚠️ **Potential Deeper Extension:** 57K → 52.5K We will monitor this development together if the 1D confirmation occurs. --- # Lower Timeframe Structure On the lower timeframes, Bitcoin is still moving within the **Yellow Wave Y of the 4H timeframe**. After this Yellow Wave Y is completed, I will count the entire **Yellow WXY structure** as **Wave W of the 1D timeframe**. On the LTF, Bitcoin also successfully reversed from our **64.3K supply zone**. I am now watching for a break below **63K**, which could lead toward the lower demand zone around **62.6K**. I will also monitor for a signal confirming the completion of the **3H Wave W**, as discussed in my previous idea. --- # Bearish Targets 🎯 **Primary Target:** **61.1K** 🎯 **Extended Target:** **59.5K** 🎯 **Potential Deeper Extension:** **57K → 52.5K** --- 💬 **What do you think?** Will Bitcoin close the Daily candle below **64,251.5** and activate the deeper 1D Wave Y? Or will the Daily correction X continue for another day? 👍 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