🛑Why is $BTC stuck in the same price range between 60k and 70k🤔 Will the Elliott Wave Triangle pattern that continues now work‼️ If so, will it be a trip to the moon again🔥
🔸How are you all? I have brought an important update for those who cannot think about the next movement of BTC. BTC, which was $90,000 on January 26, has dropped to a huge amount of $70,000 by now. So this is due to the actions of President Donald Trump. Technical influences and other fundamental analysis have been affected. This update is very important for day traders because it is a 1 HOUR time frame.
🔸On the 1 HOUR chart, I first marked the Fibonacci levels. Together, the impulsive wave and corrective wave of the Elliott wave are counted. By now, the impulsive wave has been completed in the bearish direction.
Bitcoin is currently trading inside a key compression zone, indicating a potential high-volatility move ahead. Price action is respecting both descending resistance and ascending support, forming a tight structure.
🔸Fibonacci Key Levels
0.236 at 69,380 acting as immediate resistance
0.382 at 67,571 acting as strong support
0.5 at 66,106
0.618 at 64,641, a major demand zone
🔸Market Structure
ABC corrective pattern is developing
Lower highs and higher lows are visible
Structure suggests a symmetrical triangle / wedge formation
🔸Breakout Zone
The 68,000 – 69,000 area is the critical decision zone
A confirmed breakout from this range may lead to a strong impulsive move.
🔸Bullish Scenario
Break and close above resistance
Upside targets around 72K, 74K, and 76K
Bearish Scenario
Loss of support could open moves toward 67.5K and 66.1K
Wait for confirmation and respect risk management. Trade the structure, not emotions.💪🔥
#BinanceBitcoinSAFUFund #BitcoinGoogleSearchesSurge
