Bitcoin Analysis==>>Bears' Turn for Selling Pressure!!!

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As I expected, Bitcoin(BTCUSDT) rose to the Resistance zone($100,000-$98,130), the lower line of the ascending channel and 100_EMA(4H TF).

According to Elliott's wave theory, Bitcoin is completing wave 4. The structure of wave 4 is Double Three Correction(WXY).

Also, the Volume of candles that brought Bitcoin up to the Resistance zone($100,000-$98,130) is not significant for me.

I expect Bitcoin to at least fall to the Support zone($95,890-$95,540). And if the support zone breaks, we can expect another attack on the Support zone($95,000-$90,870) and 50_SMA(Daily) and fill the CME Gap($94,435-$93,935).

⚠️Note: If Bitcoin goes above $100,000, we should expect more PUMPS.⚠️

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

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تم فتح الصفقة

My trade was activated.

Merry Christmas

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أغلقت الصفقة: تم الوصول للهدف

First Target Done

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ملاحظة

The second Take Profit was also hit for those who kept the position.