BTC/USD Update: ABC Flat Correction Reaching Key Fibonacci ResisBitcoinCRYPTO:BTCUSDKhaniTechnicalHello traders, Let's take a look at the current market structure for Bitcoin (BTC/USD). Following a strong bearish impulse wave, the market has entered a corrective phase, which is currently unfolding as an ABC Flat Correction structure. Technical Breakdown: The Correction: We have clearly established Wave A and Wave B. Currently, Wave C is pushing upwards. Fibonacci Resistance: In a standard flat structure, Wave C is bound by specific Fibonacci extension limits. As highlighted on the chart, the current price action is testing the absolute ceiling of this Fibonacci limitation zone. The Setup: Given that we are exactly at this critical resistance area, we can anticipate the conclusion of this bullish corrective wave. Expectation: This technical setup suggests a high-probability reversal zone. We can expect the initiation of the next major bearish leg from this current area. This provides a great short opportunity with a very tight and logical stop-loss placed just above the resistance ceiling. Trade safely and manage your risk! What are your thoughts on this structure?