Bitcoin Reversed from 62.6K Demand / 3H Wave X May Begin !Bitcoin / TetherUS PERPETUAL CONTRACTBINANCE:BTCUSDT.PMASCryptoAna# Bitcoin Market Analysis (BTCUSDT) ## Quick Summary **Bias:** Bearish **Current Structure:** 4H Yellow Wave Y → 3H Wave X Formation **Status:** Monitoring the bounce from 62.6K and waiting for the 3H structure to develop. --- # Previous Result ✅ Bitcoin successfully reversed from the **62.6K demand zone**, exactly as mentioned in my previous idea. ✅ LTF signals have also appeared successfully on the **15m and 30m timeframes**. --- # Market Bias **Bearish** Bitcoin remains inside the **Yellow Wave Y of the 4H timeframe**. After Yellow Wave Y is completed, I will count the entire **Yellow WXY structure as Wave W of the 1D timeframe**. --- # Current Scenario Bitcoin is still moving within the **Yellow Wave Y of the 4H timeframe**. After successfully reaching and reversing from our **62.6K demand zone**, I am now monitoring how Bitcoin develops its rebound. The next important area I am watching is the **64K supply zone**. If Bitcoin continues bouncing toward this area, I will monitor whether it can form the **3H Wave X** within my current structure. At the same time, I am monitoring for a signal confirming the completion of the **3H Wave W**. So far, I have already received successful signals on the **15m and 30m timeframes**, which support the current LTF movement. The main focus now is to see how this LTF bounce develops and whether it can lead Bitcoin toward the 3H supply area and form the expected corrective structure. --- # Bearish Targets 🎯 **Primary Target:** **61.1K** 🎯 **Extended Target:** **59.5K** 🎯 **Potential Deeper Extension:** **57K → 52.5K** --- 💬 **What do you think?** Will Bitcoin continue bouncing toward the **64K supply zone** to form the 3H Wave X, or will the bearish move resume before reaching it? 👍 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