BTC Red Wave Y | To 65K or Before to return to 90K ? Bitcoin / TetherUS PERPETUAL CONTRACTBINANCE:BTCUSDT.PMASCryptoAna# Bitcoin Market Analysis (BTCUSDT) ## Quick Summary **Bias:** Bearish / Waiting for Confirmation **Current Structure:** Waiting for the start of Wave Y and completion of Wave X **Main 1D Demand Zone:** 62.6K – 65K **Key Question:** Will Red Wave Y continue lower or lead to a bullish continuation? **Main Scenarios:** 65K downside / ~90K upside --- # Market Bias For now, I am maintaining a **bearish/corrective bias**, but I am not assuming that BTC must reach the 62.6K–65K area. The next important signal will determine whether **Red Wave Y** has completed and which higher-timeframe scenario will develop next. --- # Current Scenario I am currently waiting for the signal confirming the **start of Wave Y and the completion of Wave X**. The main question is: ### Where will Red Wave Y complete? I am monitoring the lower timeframes for a reversal signal that can identify the potential ending area of Red Wave Y. At the same time, I am watching the higher timeframes for a stronger bearish-extension confirmation. The main higher-timeframe demand area currently on my radar is: 🟢 **62.6K – 65K** However, this is a monitoring zone, not a guaranteed target. The actual completion of Red Wave Y will depend on the signals and price reaction that appear along the way. # Two Possible Scenarios ### 🔻 Scenario 1 — Downside Continuation Red Wave Y continues lower and reaches the **65K area or below**. A strong reaction from the 1D Demand Zone could then provide the signal needed to identify the completion of Red Wave Y. ### 🚀 Scenario 2 — Bullish Continuation Red Wave Y completes earlier after receiving a reversal signal. BTC could then return toward the previous high, break it, create a **Higher High**, and potentially continue toward the **90K area**. --- # Key Levels 🟢 **62.6K – 65K:** Main 1D Demand Zone 🔑 **Previous High:** Key level for a potential Higher High 🎯 **~90K:** Potential bullish continuation target --- 👍 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