Bitcoin Might Be Forming a Local Top – Watch the Trendline!!
After completing a clear 5-wave impulsive move, Bitcoin appears to be losing bullish momentum. The price is testing the main ascending trendline, and a breakdown could lead to a deeper correction.
The wave count suggests that the 5th wave may already be completed, potentially marking a local top. The key support zone to watch is around $97,740 – a clean break below this level could trigger further downside pressure.
📉 Structure: 5-wave impulsive move
🟦 Support zone: ~$97,740
🔵 Trendline: Currently under test
📌 Bias: Bearish below trendline
📅 Forecast Date: May 18, 2025
⏳ Timeframe: 4H
This is not financial advice. Always manage your risk.
The wave count suggests that the 5th wave may already be completed, potentially marking a local top. The key support zone to watch is around $97,740 – a clean break below this level could trigger further downside pressure.
📉 Structure: 5-wave impulsive move
🟦 Support zone: ~$97,740
🔵 Trendline: Currently under test
📌 Bias: Bearish below trendline
📅 Forecast Date: May 18, 2025
⏳ Timeframe: 4H
This is not financial advice. Always manage your risk.
💼 Professional market insights & charts:
cakirinsights.com/
cakirinsights.com/
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
💼 Professional market insights & charts:
cakirinsights.com/
cakirinsights.com/
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.