$BTC Long or Short Here? Key Support and Resistance Boxes to WatBitcoin / TetherUSBINANCE:BTCUSDTTrader_GeminiSummary: BTC is currently trading in an important short-term support and resistance zone. This is not a place where I want to force one direction blindly. The better approach, in my view, is to watch how price reacts around the marked boxes and the current short-term triangle structure. Market structure: The move discussed in the previous update played out well. BTC broke the white trendline and the golden downtrend line, then moved into the resistance area. From that area, price showed a clear rejection. I currently have my first short entry from around the upper white channel area. My plan is not to hold a fixed bias without adjustment. If price pulls back, I may take partial profit on shorts. If price moves back into higher resistance again, I may look for another short entry. Wave structure: The current upside move is somewhat unclear between an impulse and a WXY-type corrective structure. However, the light-blue wave on the chart does not look impulsive to me. Because of that, even if the recent low eventually becomes a real bottom, I still think a deeper corrective move can happen first. This is one of the reasons why I am interested in short setups from higher resistance areas. The broader long-term and mid-term structures still remain sell-side dominant in my view. Key zones: The blue boxes are areas where short partial profit-taking can be considered. They can also be areas where short-term long attempts may appear, depending on the real-time reaction. The red boxes are areas where long profit-taking can be considered. They are also zones where I would look for potential short entries if price reaches them with a suitable reaction. Scenario: For now, I am watching the white triangle structure. The direction of the breakout from this structure can give the next short-term signal. If BTC moves down into the blue support boxes and reacts well, short-term long attempts can be considered. If BTC moves up into the red resistance boxes and shows rejection, short entries can be considered. The key is not to predict too early. The key is to wait for price to reach the planned zones and then judge the reaction. Risk point: No theory is 100% correct. Elliott Wave, trendlines, support and resistance, on-chain data, macro data, and sentiment are all tools. They help us approach the market with better probability, but none of them guarantee the outcome. Trading is not a 100% game. If one side has 51% probability and the other has 49%, the goal is to position toward the slightly higher-probability side while managing risk properly. Conclusion: The current market still favors sellers on the higher timeframes. However, on the short-term chart, both long and short opportunities can exist around the marked support and resistance zones. The most important part is real-time judgment. When price reaches these boxes, I will watch candle reaction, volume, structure, and broader market context before making the next decision. This is a market structure analysis, not financial advice.