CME Gap Target: Is Bitcoin Headed for $80K!?

3月30日

Bitcoin(BTCUSDT) is moving in the important Support zone($84,120_$81,500), and on the 1-hour time frame, Bitcoin is moving near the Support zone($82,360_$82,000) and the lower line of the ascending channel (small).

Overall, Bitcoin has started another downtrend after breaking the lower line of the ascending channel (big).

Since trading volume is generally low on Saturdays and Sundays, it is unlikely that theimportant Support zone($84,120_$81,500) will be broken before the financial markets open.

In terms of Elliott Wave theory, Bitcoin appears to have completed the main wave 3 at $81,644 and is currently completing microwave C of the main wave 4. The main wave 4 will most likely have a Zigzag Correction(ABC/5-3-5).

In general, the financial markets and US indices such as DJI , SPX NQ1! were not in a good state last week, and this trend will most likely continue next week. The tariffs that Donald Trump is imposing on countries around the world, as well as the turbulent situation in the Middle East, will all lead to the possibility of a fall in Bitcoin and other financial markets in the coming days.

I expect Bitcoin to make at least a temporary increase to $83,200 and then next target the Resistance zone($84,380_$83,580) and the upper line of the ascending channel before starting to fall and attack the important Support zone($84,120_$81,500) and also fill the CME Gap($80,760_$80,380).

Note: If Bitcoin breaks above the Resistance zone($84,380_$83,580), we can expect more pumping.

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

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3月30日

註釋

It seems that we saw a fake break, and we can expect BTC will go up to $83,500

If BTC goes below $81,400, we can expect more dumps.

3月31日

交易進行

Bitcoin managed to push up to its Resistance zone($84,380_$83,580) as I expected, one of the reasons why the momentum of the last few hours was so high was the purchase of the company MicroStrategy(like many Mondays).

Also, with this increase, Bitcoin also filled the CME Gap($83,980_$82,585).

It seems that the main wave 4 was completed with the Double Three Correction(WXY).

I expect Bitcoin to also fill the CME Gap($80,760_$80,380) in this downtrend.

Cumulative Short Liquidation Leverage: $84,938_$84,080

Cumulative Long Liquidation Leverage: $81,336_$80,491

4月1日

交易結束：達到停損點

Stop Loss(SL) was touched after the news Mastercard Plans to Enable 3.5 Billion Cardholders to Transact with Bitcoin and Crypto.

The analytical trend was well before this news.