Bitcoin(
BTCUSDT) has entered the Potential Reversal Zone (PRZ)[$106,780-$106,130] after a strong bullish impulse, testing the confluence of Daily Resistance(3).
In terms of Elliott Wave analysis, the market seems to have completed a complex WXY corrective structure, with the recent rally likely representing the final wave Y. This makes the current zone highly reactive for potential reversal.
I expect Bitcoin to retrace toward the CME Gap($105,075-$105,055) and possibly continue downward toward the Support zone($104,380-$103,060) and Cumulative Long Liquidation levels if the sellers regain momentum.
Cumulative Short Liquidation Leverage: $107,568-$106,601
Cumulative Long Liquidation Leverage: $105,360-$104,784
Cumulative Long Liquidation Leverage: $103,937-$103,217
Note: It is better to look for short positions at the Potential Reversal Zone (PRZ)[$106,780-$106,130] or if Bitcoin touches $104,780 before reaching PRZ. That is why I chose to label this analysis as ''Short".
Note: If Bitcoin can touch $107,620[Stop Loss(SL)], there is a possibility of breaking the resistance lines and increasing further.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BTCUSDT) has entered the Potential Reversal Zone (PRZ)[$106,780-$106,130] after a strong bullish impulse, testing the confluence of Daily Resistance(3).In terms of Elliott Wave analysis, the market seems to have completed a complex WXY corrective structure, with the recent rally likely representing the final wave Y. This makes the current zone highly reactive for potential reversal.
I expect Bitcoin to retrace toward the CME Gap($105,075-$105,055) and possibly continue downward toward the Support zone($104,380-$103,060) and Cumulative Long Liquidation levels if the sellers regain momentum.
Cumulative Short Liquidation Leverage: $107,568-$106,601
Cumulative Long Liquidation Leverage: $105,360-$104,784
Cumulative Long Liquidation Leverage: $103,937-$103,217
Note: It is better to look for short positions at the Potential Reversal Zone (PRZ)[$106,780-$106,130] or if Bitcoin touches $104,780 before reaching PRZ. That is why I chose to label this analysis as ''Short".
Note: If Bitcoin can touch $107,620[Stop Loss(SL)], there is a possibility of breaking the resistance lines and increasing further.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Short Position was activated
If Bitcoin touches $104,780 before reaching PRZ. That is why I chose to label this analysis as ''Short".=My note
Trade closed: target reached
First Target touched, I closed my position in First Target.
Note
It is possible that a better trigger for a short position will come.Note
Full Target Done
--------------------------
Given the increasing tensions in the Middle East:
Short-term outlook:
Increased geopolitical risk typically triggers a risk-off sentiment, leading investors to move capital into traditional safe-haven assets like gold or the US dollar.
This may create downward pressure on Bitcoin and other risk assets in the near term.
Mid-to-long-term perspective:
If oil-driven inflation starts to spread globally and weakens trust in fiat currencies, Bitcoin could benefit as a hedge against inflation due to its fixed supply and decentralized nature.
While Bitcoin is sometimes seen as “digital gold,” it's not yet a fully established safe-haven asset in times of geopolitical stress — but in certain cases, it has shown signs of playing that role.
What is your idea about Bitcoin!?
-----------------------------
Markets are likely to be very volatile in the coming days.
Be extra careful with your money management.
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🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
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🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.