$BTC Enters a Major Reversal Zone — Is a Correction Next? Bitcoin has gained more than 6–7% over the past few hours, but the rally is now entering a major resistance structure while ETF flows remain mixed and regulatory uncertainty persists. Technical Analysis Bitcoin is trading inside the Heavy Resistance Zone($84,500-$79,350), near the Potential Reversal Zone(PRZ)[$87,100-$82,850], the Cumulative Short Liquidation Leverage($85,400-$82,300), and the Resistance Lines. Price could also fill the upper CME Gap($84,560-$83,215). From an Elliott Wave perspective, Bitcoin appears to be completing Primary Wave 5, while a Negative Regular Divergence(RD-) is visible between Consecutive Peaks. I expect Bitcoin to move deeper into the PRZ before another bearish move begins, potentially after a Bull Trap above the Heavy Resistance Zone. First Take Profit(TP): $79,000 Second Take Profit(TP): $77,700 Stop Loss(SL): $87,300(Worst) Which level will Bitcoin reach first: $77,700 or $87,300?
