15-Min Bitcoin Setup – Quick Scalping Opportunity?First of all, I must say that this is a short-term analysis in a 15-minute time frame . Please be careful .
Let's take risks while respecting capital management. Be sure to respect capital management.
Bitcoin ( BINANCE:BTCUSDT ) is currently trading in the support zone($84,120_$81,500) , Potential Reversal Zone(PRZ) near the lower line of the ascending channel .
In terms of Elliott Wave theory , it seems that Bitcoin could complete its 5 bearish waves near the lower line of the ascending channel .
Also, we can see the Regular Divergence(RD+) between Consecutive Valleys .
I expect Bitcoin to be able to rise to at least $85,400.
Cumulative Short Liquidation Leverage: $86,397_$85,760
Cumulative Long Liquidation Leverage: $84,262_$83,336
Note: One of the reasons for Bitcoin's decline is the decline in US indices such as CME_MINI:NQ1! , SP:SPX , and TVC:DJI .
Note: If Bitcoin falls below $83,000, we can expect more dumps.
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Bitcoin Analyze (BTCUSDT), 15-minute time frame.
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