#BTCUSDT - UniverseMetta - Analysis
Current market context:
BTC has completed the 5th wave, reaching the 2.618 Fibonacci extension and printing a new ATH. A correction phase now appears likely — and may serve as the foundation for the next bullish impulse.
📆 W1 – Weekly Timeframe
🔹 Price reached $112,200 (2.618 Fibo extension)
🔹 A top fractal has formed – a potential early signal for a short- to medium-term correction
🔹 Key correction zone:
• $97,700 – $93,250 – $88,860
🔹 Weekly close will be important for confirmation — especially if we see a close below the channel
📉 D1 – Daily Timeframe
🔹 A 3-wave corrective structure appears to be forming
🔹 Potential breakdown from the rising channel
🔹 Watch for retracement levels:
• $97,700 (0.618)
• $93,250 (0.5)
• $88,860 (0.382)
🔁 These areas are ideal zones for re-entry and long setups in trend continuation
⏳ H4 – Tactical Entry Opportunity
🔹 Wave 3 is forming to the downside
🔹 Entry possible on channel retest or breakout confirmation
🎯 Trade idea parameters:
Entry: 106,493.44 (or retest confirmation on H4)
Take Profits (TP):
• 103,135.48
• 97,721.82
• 93,250.02
• 88,963.55
Stop Loss: 112,341.18
Current market context:
BTC has completed the 5th wave, reaching the 2.618 Fibonacci extension and printing a new ATH. A correction phase now appears likely — and may serve as the foundation for the next bullish impulse.
📆 W1 – Weekly Timeframe
🔹 Price reached $112,200 (2.618 Fibo extension)
🔹 A top fractal has formed – a potential early signal for a short- to medium-term correction
🔹 Key correction zone:
• $97,700 – $93,250 – $88,860
🔹 Weekly close will be important for confirmation — especially if we see a close below the channel
📉 D1 – Daily Timeframe
🔹 A 3-wave corrective structure appears to be forming
🔹 Potential breakdown from the rising channel
🔹 Watch for retracement levels:
• $97,700 (0.618)
• $93,250 (0.5)
• $88,860 (0.382)
🔁 These areas are ideal zones for re-entry and long setups in trend continuation
⏳ H4 – Tactical Entry Opportunity
🔹 Wave 3 is forming to the downside
🔹 Entry possible on channel retest or breakout confirmation
🎯 Trade idea parameters:
Entry: 106,493.44 (or retest confirmation on H4)
Take Profits (TP):
• 103,135.48
• 97,721.82
• 93,250.02
• 88,963.55
Stop Loss: 112,341.18
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.