BTC Bearish Confirmation | 79K–79.6K Rejection Bitcoin / TetherUS PERPETUAL CONTRACTBINANCE:BTCUSDT.PMASCryptoAna# Bitcoin Market Analysis (BTCUSDT) ## Quick Summary **Bias:** Bearish / Corrective **Current Structure:** Red Wave Y is developing **LTF Signal:** Bearish signal on 15m **Key Rejection Zone:** 79K – 79.6K **Next Focus:** Find the level where Red Wave Y may be confirmed in HTF **1D TF Demand Zone:** 62.6K – 65K --- # Market Bias The current bias is now **bearish/corrective**. The rejection from **79K–79.6K** and the break below **76.1K** support the development of **Red Wave Y**. For now, I am not assuming the final target of Red Wave Y. I will monitor the structure step by step and wait for a reversal signal to identify its potential completion. --- # Current Scenario 🔻 BTC has now started showing a **Bearish Signal on the 15m timeframe**. Our second scenario has been confirmed after BTC: **Break below 76.1K → 79K–79.6K → Strong Rejection** This supports the development of **Red Wave Y** within the current 4H corrective structure. Now the main question is: **Where will Red Wave Y complete?** I am monitoring the lower timeframes for a reversal signal that could identify the next potential ending area. # Red Wave Y — Current Focus I will continue monitoring for: - A bearish extension confirmation for HTF - LTF reversal signals - Reaction from important demand areas At the moment, the main higher-timeframe demand area I am watching is: 🟢 **62.6K – 65K** However, I will not assume that BTC must reach this zone. The next reaction and wave structure will determine whether BTC moves toward this area or finds an earlier reversal level. --- # Key Levels 🔑 **79K – 79.6K:** Major rejection / confirmation zone 🔻 **76.1K:** Bearish confirmation level 🟢 **62.6K – 65K:** Main 1D Demand Zone --- 👍 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