Bitcoin Hits PRZ — Is This the Perfect Short Entry?

6 hari lalu

Bitcoin(BTCUSDT) has entered the Potential Reversal Zone (PRZ)[$106,780-$106,130] after a strong bullish impulse, testing the confluence of Daily Resistance(3).

In terms of Elliott Wave analysis, the market seems to have completed a complex WXY corrective structure, with the recent rally likely representing the final wave Y. This makes the current zone highly reactive for potential reversal.

I expect Bitcoin to retrace toward the CME Gap($105,075-$105,055) and possibly continue downward toward the Support zone($104,380-$103,060) and Cumulative Long Liquidation levels if the sellers regain momentum.

Cumulative Short Liquidation Leverage: $107,568-$106,601

Cumulative Long Liquidation Leverage: $105,360-$104,784

Cumulative Long Liquidation Leverage: $103,937-$103,217

Note: It is better to look for short positions at the Potential Reversal Zone (PRZ)[$106,780-$106,130] or if Bitcoin touches $104,780 before reaching PRZ. That is why I chose to label this analysis as ''Short".

Note: If Bitcoin can touch $107,620[Stop Loss(SL)], there is a possibility of breaking the resistance lines and increasing further.

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

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6 hari lalu

Dagangan aktif

Short Position was activated

If Bitcoin touches $104,780 before reaching PRZ. That is why I chose to label this analysis as ''Short".=My note

5 hari lalu

Dagangan ditutup: sasaran tercapai

First Target touched, I closed my position in First Target.

5 hari lalu

Nota

It is possible that a better trigger for a short position will come.

4 hari lalu

Nota

Full Target Done
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Given the increasing tensions in the Middle East:

Short-term outlook:

Increased geopolitical risk typically triggers a risk-off sentiment, leading investors to move capital into traditional safe-haven assets like gold or the US dollar.

This may create downward pressure on Bitcoin and other risk assets in the near term.

Mid-to-long-term perspective:

If oil-driven inflation starts to spread globally and weakens trust in fiat currencies, Bitcoin could benefit as a hedge against inflation due to its fixed supply and decentralized nature.

While Bitcoin is sometimes seen as “digital gold,” it's not yet a fully established safe-haven asset in times of geopolitical stress — but in certain cases, it has shown signs of playing that role.

What is your idea about Bitcoin!?
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Markets are likely to be very volatile in the coming days.

Be extra careful with your money management.