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Bitcoin is Ready to ⚔️Attack⚔️ the Resistance Line⏰(1-Hour)⏰

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💡Bitcoin has not had many price changes in the last 7 days (of course, we witnessed an emotional market in some minutes). Most of the time, Bitcoin has been moving between two lines of Support and Resistance and the 🟢Support zone($25,840_$25,600)🟢.

📚In general, it is more difficult to profit when there is Little Movement in the financial markets than when the financial markets are Trending.

🌊If we want to evaluate the recent movements of Bitcoin during the last seven days according to the theory of Elliott waves, it seems that Bitcoin is forming a correction pattern of Double Three Correction(WXY).

🌊Bitcoin is on the way to complete the last corrective wave, the Wave Y.

🔔I expect Bitcoin to at least go UP to the Resistance line and, if it breaks, to the 🟡Price Reversal Zone(PRZ)🟡.

💡Also, there is a possibility that the Contracting Triangle will develop in the coming days, but it is too Early to talk about this scenario.

💡In terms of classical analysis, Bitcoin has been able to form a Symmetrical Triangle. In general, the symmetric triangle is a Continuing Pattern, and if Bitcoin can break the downward Support line, we should expect more losses.
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🌐➕Positive News➕🌐:

BTC bull market began in March, more will realize in a year — Arthur Hayes.

Following SEC delays, ARK Invest and 21Shares file for spot Ether ETF.

Grayscale Bitcoin Trust’s alleged wallet addresses released by Arkham.

🌐➖Negative News➖🌐:

Crypto Exchanges Are the Least Trusted Financial Institutions, Survey Says.

$24 Million Worth of Crypto Wiped out Overnight in Massive Phishing Attack.

Palau to freeze USD-backed stablecoin after pilot launch in July
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Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.

Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.

交易進行

註釋

BTC is testing the Resistance line.

交易結束：目標達成

First Target

交易結束：目標達成

Second Target

註釋

From the point of view of classical analysis, it seems that Bitcoin has formed a double bottom, but the volume of breaking the neckline or the resistance zone does not seem large, and we see the Regular Divergence(RD-) between two consecutive peaks.

註釋