#Bitcoin Market Analysis (BTCUSDT)

# Quick Summary
Bias: Bearish (Waiting for Confirmation)
Current Structure: HTF Signal Triggered / Monitoring for Continuation
Confidence: ★★★★☆ (4/5)
Status: The first Higher-Timeframe bearish signal has appeared on the 2H chart. I am now waiting for the next signal on the 3H to confirm the move (double confirmation).
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# Previous Result
⏳ Bitcoin reversed from the lower level of the 4H Supply Zone and the higher level of the Old Liquidity area, as previously mapped.
This reaction has now led to the first HTF bearish signal, bringing us closer to the anticipated move.
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# Market Bias
Bearish (Waiting for Confirmation)

While the bias remains bearish, we are now in a confirmation phase. The first signal has appeared, but we require a second signal (3H) to trigger the next move.
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# Current Scenario
I am currently monitoring the follow-through on the recently triggered 2H bearish signal.
Bitcoin reversed from the lower level of my 4H Supply Zone (@ 65.3k$), which also corresponds with the higher level of the Old Liquidity area. This has resulted in the first HTF signal.
The structure is now waiting for the next signal on the (3H TF) . The trigger for the bearish continuation is a close below $64,890.8 at 12 PM Greenwich. Until that trigger is hit, no other signals are active, and we remain in a monitoring state.
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# Why This Scenario?
• The larger bearish Wave structure remains valid.
• Bitcoin respected the 65.3K supply level perfectly.
• A confirmed 2H bearish signal provides the first layer of confirmation.
• The 3H signal remains the key trigger for the move downward.
• Targets have been defined based on the next structural supports.
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# Key Levels
🔴 Main Resistance
• 64.6K
• 66.2K

🟢 Bearish Targets
• Primary Target: 61.1K
• Extended Target: 59.5K
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# Market Confidence
★★★★☆ (4/5)

The larger Wave count remains valid, and the first HTF signal has just appeared, increasing confidence. However, the 3H confirmation is required before the bias shifts from "waiting" to "active."
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💬 What do you think?

Will we close below 64.9K before 12pm Greenwich to trigger the drop to 61K, or will the bulls step in to defend the level?
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This publication is intended for educational and market analysis purposes only and does not constitute financial advice.

#Bitcoin #BTCUSDT #BTCUSD #Crypto #PriceAction #ElliottWave #WaveAnalysis #SupplyAndDemand #TrendAnalysis