$BTC Bulls Must Defend $103K… Or Say Hello to $99K Again
#BTC/USDT 30-Min Chart Analysis
Bitcoin completed a clear 5-wave Elliott Impulse and is now forming an ascending wedge (abcde structure), typically hinting at a possible correction.
Key Levels to Watch:
🔴 Key Bull Level: $103,085 – must hold to maintain bullish structure
🟠 Support 1: $99,265 – breach = deeper pullback
🟡 Support 2: $95,965 – last stronghold for bulls
Outlook:
🔼 A breakout above the wedge = continuation toward $110K+
🔽 Breakdown below $103K = expect correction toward lower supports
Strategy:
➡️ Wait for confirmation. A wedge breakdown = potential short trade setup.
➡️ Breakout = bullish continuation. Always manage risk wisely.
Stay sharp, traders!
