Bitcoin Breakdown After Perfect Bounce — Short Setup Loading

昨天

As I expected, Bitcoin bounced from the support zone and reached its targets.

Right now, Bitcoin has rejected from resistance lines and successfully broke both the support line and the support zone($90,650-$90,000).

From an Elliott Wave perspective, it appears that Bitcoin has completed a ZigZag structure, and we should now anticipate the start of a bearish wave sequence.

The S&P 500 index(SPX) also shows a bearish outlook, and given Bitcoin’s correlation with SPX, further downside in BTC is not surprising.

At the same time, USDT.D%(USDT.D) has turned bullish again—at least in the short term—which can add additional pressure on Bitcoin.

I expect Bitcoin to continue its downward movement, at least toward the next support zone($87,140-$85,290) and the lower line of the ascending channel.

Note: It’s better to wait for a bullish correction before entering, and then take a short position according to your own strategy.

Cumulative Short Liquidation Leverage: $98,260-$96,690

Cumulative Short Liquidation Leverage: $93,040-$92,560

Cumulative Long Liquidation Leverage: $94,840-$94,100

Cumulative Long Liquidation Leverage: $83,900-$82,400

Target: $87,733

Stop Loss(SL): $92,723(Worst)

Points may shift as the market evolves

💡 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.

10小时前

交易开始

Since the SPX500 index is likely to fall and due to the USDT.D% conditions, we can still consider Bitcoin's fall likely.

The JOLTS Job Openings index will be released in less than 4 hours, and if there are no special surprises in the announcement of this index, Bitcoin could maintain its downward trend.

5小时前

交易结束：到达止损

Stop loss touched($92,723)

Bitcoin's movement in the last two hours was really strange. In general, there have been a lot of high-momentum movements in the US session in the last week or two.

Bitcoin managed to break the resistance lines and we have to wait to see if it can break the resistance zone($94,850-$93,000) or not.

Because the US interest rate will be announced tomorrow, be careful in your trades. The market may see sudden movements. Even Bitcoin may suddenly decrease again.

5小时前

注释

Until USDT.D% drops below 5.49%, the market is not yet certain to turn around, so don't make any emotional or sudden decisions.