BTCUSDT - UniverseMetta - Analysis

#BTCUSDT - UniverseMetta - Analysis

Current market context:
BTC has completed the 5th wave, reaching the 2.618 Fibonacci extension and printing a new ATH. A correction phase now appears likely — and may serve as the foundation for the next bullish impulse.

📆 W1 – Weekly Timeframe
🔹 Price reached $112,200 (2.618 Fibo extension)
🔹 A top fractal has formed – a potential early signal for a short- to medium-term correction
🔹 Key correction zone:
 • $97,700 – $93,250 – $88,860
🔹 Weekly close will be important for confirmation — especially if we see a close below the channel

📉 D1 – Daily Timeframe
🔹 A 3-wave corrective structure appears to be forming
🔹 Potential breakdown from the rising channel
🔹 Watch for retracement levels:
 • $97,700 (0.618)
 • $93,250 (0.5)
 • $88,860 (0.382)
🔁 These areas are ideal zones for re-entry and long setups in trend continuation

⏳ H4 – Tactical Entry Opportunity
🔹 Wave 3 is forming to the downside
🔹 Entry possible on channel retest or breakout confirmation
🎯 Trade idea parameters:
Entry: 106,493.44 (or retest confirmation on H4)
Take Profits (TP):
• 103,135.48
• 97,721.82
• 93,250.02
• 88,963.55
Stop Loss: 112,341.18