Bitcoin (BTC/USD) Analysis

📊 Bitcoin (BTC/USD) Analysis

🔹 Current Situation:
1️⃣ The price is trading at 96,413 after rebounding from the demand zone 94,469 - 94,800.
2️⃣ The price is facing resistance at 96,742 - 97,714, which is the equilibrium zone.
3️⃣ The overall trend is still bearish, but the price is attempting to regain bullish momentum after testing a strong support area.
4️⃣ Moving averages indicate continued selling pressure, but a breakout above 97,714 could reverse the trend.

✅ 📉 Liquidity Zones:
🔸 Liquidity below 94,800 - 94,400 may be tested again if the price fails to break resistance.
🔸 Liquidity above 98,000 - 98,800 if breached, could trigger a bullish move towards 100,000.

✅ 📉 Supply and Demand Zones:
🔹 Strong Supply Zone: 96,742 - 97,714 (Possible short opportunity upon retest).
🔹 Strong Demand Zone: 94,800 - 94,400 (Possible buy opportunity upon retest).

📊 🔹 Elliott Wave Analysis:
1️⃣ The price appears to be in a corrective wave up after a strong decline, suggesting a possible test of 97,700 - 98,000 before another drop.
2️⃣ If 97,714 is broken, we could see an upward move towards 98,800 - 100,000.

📉 🔴 Potential Short Trade:
• Entry: If the price fails to break 97,714.
• Targets: 95,800 then 94,800.
• Stop Loss: Close above 98,000.

📈 🟢 Potential Long Trade:
• Entry: At 94,800 - 94,400 if reversal signals appear.
• Targets: 96,742 then 97,700.
• Stop Loss: Close below 94,000.

📌 ✅ Best Current Opportunities:
• Buy from 94,800, targeting 97,700 - 98,000. 🚀
• Sell from 97,700, targeting 95,800 - 94,800. 🔻