Pejmanzwin(@pejmanzwin)'s insights

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--Bearish

$BTC Target Hit — Now $78,630 Decides the Next Move

Bitcoin reacted perfectly to the Cumulative Short Liquidation Leverage at $81,600–$83,100 and the nearby Resistance Lines.
As expected, BTC was rejected from this area, started to decline, and successfully reached the target.

Now, the key level to watch is $78,630.

If Bitcoin breaks and holds below this level, the bearish move could extend further and open the way toward lower support and liquidity areas.

However, if $78,630 holds, BTC could stabilize and make another attempt to retest the Resistance Lines.

For now, $78,630 is the key decision point for the next move.
I’ll share an updated Bitcoin analysis soon with the next targets and scenarios.

I hope you were able to take advantage of the previous setup and secure some profits.

Will Bitcoin lose $78,630, or retest the resistance first?

#bitcoin

Pejmanzwin

$BTC Reclaims $80K — But Is the Rally About to Hit a Liquidity Wall?

$BTC reclaimed the $80,000 level after Fed Governor Christopher Waller signaled that he could support keeping interest rates unchanged in September if inflation continues to cool.
The shift toward a less hawkish Fed outlook improved sentiment across crypto and U.S. equities, while more than $415 million in crypto short liquidations added fuel to the rally through a powerful Short Squeeze.
But Bitcoin is now approaching a much more difficult technical area.
Can BTC finally break the Heavy Resistance Zone, or is another short-term correction approaching?
Macro Outlook
Waller’s remarks reduced expectations for an imminent rate hike and helped improve risk sentiment.
At the same time, the Bitcoin rally forced heavily leveraged short positions to close, accelerating the move higher.
However, the market remains highly sensitive to upcoming Fed commentary, inflation expectations and geopolitical developments in the Middle East, meaning volatility could return quickly.
Technical Analysis
On the 4-hour timeframe, Bitcoin has still not successfully broken above the Heavy Resistance Zone.
BTC is currently approaching an important resistance confluence formed by the Resistance Lines and the Cumulative Short Liquidation Leverage at $81,600–$83,100.
From an Elliott Wave perspective, Bitcoin appears to be completing Impulsive Wave 5, increasing the probability of at least a short-term correction once the current bullish sequence is completed.
I expect Bitcoin to potentially fail to break above the Resistance Lines on its third attempt and begin another corrective move.
The main downside target is the Cumulative Long Liquidation Leverage at $79,600–$80,120.
If Bitcoin reaches this liquidity area, I would then watch for a strong bullish reaction and another potential spike higher.
Trade Setup
Take Profit: $79,600–$80,120
Stop Loss: $83,220
Key Trading Level: $78,770
Lower CME Gap: $76,255–$76,480
Upper CME Gap: $83,215–$84,560
Bitcoin’s momentum has clearly improved, but the $81,600–$83,100 liquidity and resistance cluster could be the real test for this rally.
Which level will Bitcoin reach first?
🔴 $79,600
🟢 $83,220
#bitcoin

Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.

BTC-2.37%