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Is the Bitcoin Correction Finally Ending?
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In this video I break down the latest Bitcoin price action and analyse why the current market structure remains trapped within a corrective range. I examine the ongoing B-wave pullback, key support and resistance levels, and what Elliott Wave theory suggests for the next potential move.
You will learn how to identify the difference between a trend reversal and a countertrend bounce within a bear market. I walk you through the descending channel on both daily and smaller time frames to help you prepare for different scenarios, including potential further downside or a breakout toward higher resistance zones.
Whether you are looking to understand market cycles or manage your risk, this analysis provides a clear look at the current technical landscape for Bitcoin. We cover everything from the 59K support area to the critical resistance levels needed to confirm a move higher.
Timestamps:
0:00 β Market context and outlook
1:33 β Elliott Wave thesis
2:47 β Support and B-wave levels
4:45 β Current range analysis
6:40 β Small time frame view
9:17 β Breakout and pivot levels
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