Bitcoin Near $65K Resistance — Is a Major Correction Beginning?Bitcoin / TetherUSBINANCE:BTCUSDTpejman_zwinOver the past five days, Bitcoin(BTCUSDT) appears to have formed an ascending channel and is currently moving near its resistance zone($64,750-$63,700). From an Elliott Wave perspective, Bitcoin seems to have completed its impulsive five waves. Since we do not have supportive volume and the DXY index(DXY), U.S. 10-Year Government Bond Yield(US10), and likely the S&P 500(SPX500) have factors pointing toward resistance or corrections, this may prevent further upside for Bitcoin. Also, we can see negative Regular Divergence(RD-) between consecutive peaks. I expect that in the coming hours, after breaking the lower line of the ascending channel, Bitcoin could at least drop toward the Cumulative Long Liquidation Leverage($61,270-$60,440) First Target: $61,545 Second Target: $59,900 Third Target: Cumulative Long Liquidation Leverage($58,300-$57,700) Stop Loss(SL): $65,253 Cumulative Short Liquidation Leverage: $68,650-$67,500 Cumulative Short Liquidation Leverage: $65,100-$64,250 Cumulative Long Liquidation Leverage: $62,560-$62,220 Note: Key trading levels that Bitcoin needs to cross are $62,500 and $60,500, where significant buying volume seems to be present. These levels are crucial to monitor in Bitcoin’s price action. What’s your view on Bitcoin? Can it move above $65,000, or should we expect a correction? 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌Bitcoin Analysis (BTCUSDT), 1-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.