Bitcoin Pushed Higher_ But Volume Didn’t Confirm It

Wait 5 sec.

Bitcoin Pushed Higher_ But Volume Didn’t Confirm ItBitcoin / TetherUSBINANCE:BTCUSDTpejman_zwinBitcoin(BTCUSDT) started the weekend with a bullish move after news circulated about the possibility of a memorandum agreement between Iran and the U.S., mentioned by Trump. However, the bullish momentum was not supported by strong volume, and one of the main reasons for the low volume is the typical lower liquidity and trading activity during weekends. Currently, Bitcoin is moving near the resistance zone($78,200-$77,620) and the Cumulative Short Liquidation Leverage($79,000-$78,000). From an Elliott Wave Theory perspective, it seems Bitcoin has completed a Zigzag correction(ABC/5-3-5), where the final wave structure appears to be forming an Ending Diagonal. Also, we can see a negative Regular Divergence(RD-) between two consecutive peaks. Additionally, the current structure of USDT.D%(USDT.D) still suggests a bullish trend for this index, which could put additional pressure on cryptocurrencies and especially Bitcoin. I expect Bitcoin, in the coming hours, to attack the support lines. If Bitcoin breaks below the important trading zone between $76,800 and $76,600, we could expect further downside momentum and lower targets afterward, and also fill the CME Gap($76,105-$75,915). First Target: $76,816 Second Target: $76,247 Third Target: $75,603 Stop Loss(SL): $78,323 Cumulative Long Liquidation Leverage: $75,280-$74,650 Cumulative Long Liquidation Leverage: $73,930-$73,260 CME gap: $79,165-$78,945 What’s your view on Bitcoin? Can Bitcoin continue trading above $78,000, or should we expect another bearish move? 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌Bitcoin Analysis (BTCUSDT), 1-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥If you find it helpful, please BOOST this post and share it with your friends.