Bitcoin Roadmap==>>(Update)

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Bitcoin is moving in the Resistance zone($63,450_$62,100) and close to the 21_SMA(Weekly).

According to the Elliott wave theory, Bitcoin seems to be completing wave 4. (The Maximum of wave 4 can be up to $65,080, and the Potential Reversal Zone(PRZ) can continue.)

Before the better result, let's take a look at Market Cap BTC Dominance% (BTC.D%) and Market Cap USDT Dominance% (USDT.D%).

It seems that BTC.D% has managed to complete 5 impulse waves in the Heavy Resistance zone(60%_57%), and we should expect BTC.D% to fall in the coming days and weeks.


USDT.D% has managed to break the Important Downtrend line, and this indicates the increase of USDT.D% and possibly the break of the Resistance zone(5.54%_4.97%) in the following days, which also confirms the fall of Bitcoin.


I expect Bitcoin to attack the Heavy Support zone($61,100_$58,700) again after the completion of wave 4, and then Bitcoin will fall and at least fill the CME Gap($62,085_$60,400).

Note: If Bitcoin can touch $65,580, the scenario will change.

Note: An important point you should always remember is capital management and lack of greed.

Bitcoin Analyze (BTCUSDT), 4-hour time frame ⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.

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1 thg 7

Giao dịch đang hoạt động

2 thg 7

Ghi chú

Running well if BTC can break the support zone($62,500_$62,000), BTC will go down more.

2 thg 7

Ghi chú

If BTC can break the support line, we can expect BTC will fall at least to $60,400.

3 thg 7

Đóng lệnh: đạt mục tiêu

3 thg 7

Ghi chú

CME Gap was filled as I expected

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Ghi chú

BTC was able to break the Heavy support zone.