$BTC

Dow Theory Analysis:

The market displays a downtrend confirmed by the formation of lower highs and lower lows. A Break of Structure (BOS) is evident at 94,722.91 USD, reinforcing bearish momentum. The trading activity is concentrated near 95,363.87 USD, acting as a short-term resistance zone.

2. Elliott Wave Structures:

The chart suggests a corrective wave A-B-C pattern.

- Key Fibonacci retracement levels are:

- 0.382 at94,192.59 USD

- 0.5 at 93,709.02 USD

- 0.618 at 93,225.46 USD

- 0.705 at 92,868.93 USD

- 0.786 at 92,536.99 USD

Extensions for Wave C project downward targets:

1.0 at 93,000.00 USD

1.618 at 92,536.99 USD

3. Smart Money Concepts (SMC):

Liquidity zones are marked at 95,363.87 USD (resistance) and 92,536.99 USD (support and key target).

A Fair Value Gap (FVG) is identified near 94,081.94 USD, highlighting price inefficiency and likely retracement.

Stop hunts are likely to occur near 94,722.91 USD before resuming the bearish movement.

best buy level. 92,536 USD