Bitcoin Bearish Momentum Continues | Blue Wave Y Targets 61. 1K for BINANCE:BTCUSDT. P by MASCryptoAna
# Bitcoin Market Analysis (BTCUSDT) ## Quick Summary **Bias:** Bearish **Expected Move:** 63. 5K–63. 9K → 61. 1K → 59. 5K **Confidence:** ★★★★☆ (4. 5/5) **Status:** Active --- ## Market Bias Bearish Bitcoin continues to follow the bearish scenario exactly as expected. The downside momentum remains strong after confirming the beginning of **Blue Wave Y**, while the current pullback appears to be only a lower-timeframe correction. --- ## Current Scenario The bearish confirmation played out …
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Bitcoin Market Analysis (BTCUSDT)## Quick Summary**Bias:** Bearish**Expected Move:** 63. 5K–63. 9K → 61. 1K → 59. 5K**Confidence:** ★★★★☆ (4. 5/5)**Status:** Active---## Market BiasBearishBitcoin continues to follow the bearish scenario exactly as expected. The downside momentum remains strong after confirming the beginning of **Blue Wave Y**, while the current pullback appears to be only a lower-timeframe correction. ---## Current ScenarioThe bearish confirmation played out successfully, and Bitcoin continued its strong downward movement, confirming the start of **Blue Wave Y**. At the moment, I'm monitoring a minor corrective move on the lower timeframes. If buyers manage a short-term recovery, I'm watching the **63. 5K–63. 9K** area as the next lower-timeframe supply zone where sellers may step in again before the downtrend resumes. ---## Why This Scenario?• Blue Wave Y remains active. • Bearish momentum is still dominant. • Current movement appears to be a lower-timeframe correction. • The next supply zone could provide another bearish reaction. ---## Key Levels🔴 **Resistance**• 63. 5K• 63. 9K🟢 **Targets**• **Primary Target** 61. 1K• **Extended Target** 59. 5K---## InvalidationThis analysis becomes invalid if Bitcoin closes above **65. 4K**, invalidating the current bearish structure. ---## Market Confidence★★★★☆ (4. 5/5)**Reason**• Strong bearish momentum. • Blue Wave Y remains active. • Current pullback is considered corrective unless invalidated. ---## Next UpdateI'll publish another update after either:• Price reaches the lower-timeframe supply zone. • A new bearish continuation signal appears. • The bearish structure becomes invalid. ---👍 Like this analysis if you found it useful. *This publication is intended for market analysis and educational purposes only. It does not constitute financial advice. *#Bitcoin #BTCUSDT #BTCUSD #Crypto #PriceAction #ElliottWave #WaveAnalysis #SupplyAndDemand #TrendAnalysisChart PatternsTrend AnalysisWave AnalysisDisclaimerThe information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in theTerms of Use. DisclaimerThe information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in theTerms of Use.
