Bitcoin Analysis==>>Last Chance!!!
2025-01-04
Category: None

Bitcoin ( BINANCE:BTCUSDT ) is moving in the  Resistance zone($100,000-$98,000)  and near the  Resistance lines .

Regarding  Elliott's wave theory , I still see the  waves as corrective . It is likely that Bitcoin is completing a  Double Three Correction(WXY)  so that it is currently completing a  wave Y .

Also, we can see the  Regular Divergence(RD-)  between  Consecutive Peaks ( between volume and price ).

In addition,  USDT.D% ( CRYPTOCAP:USDT.D ) is moving near the  Support zone  and the  lower line of the descending channel , so we can expect an increase in this index in the coming hours, and the  increase in USDT.D% can cause Bitcoin to decrease .

I expect  Bitcoin  to start falling from the  Resistance zone($100,000-$98,000) ,  Cumulative Short Liquidation Leverage , and  Resistance lines  again. The  First Target  can be the  Support zone($96,680-$95,500) . If Bitcoin breaks the Support zone($96,680-$95,500), we can expect the  CME Gap($94,830-$94,420)  to be filled.

 Cumulative Short Liquidation Leverage: $100,000-$99,000 

 Cumulative Long Liquidation Leverage: $96,000-$95,000 

 ⚠️Note: If Bitcoin breaks the Resistance lines and Resistance zone($100,000-$98,000), we can hope for a further increase in Bitcoin.⚠️ 

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Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.

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