Bitcoin Hit Heavy Support _ But the Pressure Isn’t Over YetBitcoin / TetherUSBINANCE:BTCUSDTpejman_zwinAs I expected in the previous idea, Bitcoin(BTCUSDT) started its decline, reaching the full target. Over the last day, Bitcoin has dropped by over -4%. One of the main reasons behind this decline has been a significant outflow of capital from U.S. spot Bitcoin ETFs—over $2.26 billion withdrawn in the last two weeks, marking the largest weekly outflow since January. Additionally, rising yields on U.S. treasuries and global bonds have pushed capital toward lower-risk assets like oil(USDBRO), reducing demand for riskier assets like Bitcoin. Currently, Bitcoin has entered a heavy support zone($76,000-$72,760) and is moving near a Cumulative Short Liquidation Leverage($76,200-$75,400). From Elliott Wave Theory, it seems Bitcoin is completing microwave 4 of the main wave 5, meaning another small drop might still be ahead. Also, with Middle East tensions in the background, any developments in that region—like renewed military conflict between Iran and the U.S.—could shift market direction. Keep an eye on geopolitical news and manage your capital accordingly. I expect that Bitcoin might attempt a rise after entering the Potential Reversal Zone(PRZ) and Cumulative Long Liquidation Leverage($73,980-$73,170) near the lower line of the descending channel. However, for now, it seems we should still anticipate further declines due to the current positioning. Cumulative Short Liquidation Leverage: $77,660-$76,990 CME gap: $84,560-$83,215 CME gap: $79,165-$78,945 What’s your view on Bitcoin? Can it break the heavy support zone($76,000-$72,760) or not? 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌Bitcoin Analysis (BTCUSDT), 4-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.