$BTC
$ETH
Another Big Dump scenerios in Crypto!!!
BTCUSDT Elliott Wave Update (2H Chart)
Bitcoin continues its corrective structure within a complex wave (B) zone.
After rejecting from the 114.6K resistance (confluence of descending trendline and previous wave (2) top), price has started showing weakness โ indicating a possible continuation toward the lower support zone around 109.8Kโ104K (highlighted in green).
๐น Key Observations:
Structure shows an ABC corrective move inside a larger wave (B).
Price is still below both the descending white trendline and the green internal support line โ confirming bearish pressure.
The next major liquidity zone sits between 104Kโ101K, which may act as a strong demand area or final leg for wave (C) completion.
If bulls defend 109.8K, a short-term bounce toward 112.3Kโ114.6K remains possible before further downside.
โ ๏ธ Bias: Bearish continuation
๐ฏ Targets: 109.8K โ 104K โ 101K
๐ Invalidation: Break above 114.7K
#BinanceHODLerENSO
#PowellRemarks
$ETH
Another Big Dump scenerios in Crypto!!!
BTCUSDT Elliott Wave Update (2H Chart)
Bitcoin continues its corrective structure within a complex wave (B) zone.
After rejecting from the 114.6K resistance (confluence of descending trendline and previous wave (2) top), price has started showing weakness โ indicating a possible continuation toward the lower support zone around 109.8Kโ104K (highlighted in green).
๐น Key Observations:
Structure shows an ABC corrective move inside a larger wave (B).
Price is still below both the descending white trendline and the green internal support line โ confirming bearish pressure.
The next major liquidity zone sits between 104Kโ101K, which may act as a strong demand area or final leg for wave (C) completion.
If bulls defend 109.8K, a short-term bounce toward 112.3Kโ114.6K remains possible before further downside.
โ ๏ธ Bias: Bearish continuation
๐ฏ Targets: 109.8K โ 104K โ 101K
๐ Invalidation: Break above 114.7K
#BinanceHODLerENSO
#PowellRemarks
