"Below is an Elliott Wave analysis of $BINANCE:BTCUSD. Based on the analysis, I believe that a bullish 5-wave pattern was completed in January 2025, and Bitcoin is now experiencing a bearish movement.
P.S.:
Red zones indicate resistance areas.
Green zones represent support areas.
Orange zones correspond to Fibonacci targets at 23.6%, 38.2%, 50%, 61.8%, and 78.6%."
Previously, I shared an idea for Elliot wave Analysis for BINANCE:BTCUSDT that happened till now. For the following days, I guess this scenario. 10000$ is also a psychological value for being a good support for BTC.
What is your Idea? Please share your Idea with me.
BINANCE:ZILUSDT is restricted in a symmetrical triangle. Next supports and resistance are shown in the chart. Breaking out of the triangle shows the next scenario and movement.
Write your comments below
