📊 Bitcoin Roadmap: Key Levels to Watch
🔹 $BTC delivered the expected bullish move yesterday — a reaction that may have been accelerated by the ceasefire announcement between Iran and Israel, which positively influenced high- and medium-risk assets across financial markets.
🔍 Key Technical Zones:
Heavy Resistance Zone: $110,720 – $105,820
Resistance Zone: $107,520 – $106,100
Support Zone: $104,380 – $103,060
Cumulative Long Liquidation Leverage Zone: $104,412 – $103,812
Stop Loss (SL): $102,600 – Below this, expect potential further downside.
📈 Elliott Wave Analysis (1H Time Frame):
BTC appears to have completed Wave 3 of the bullish cycle and is now forming Wave 4, likely unfolding as a Double Three Correction (W–X–Y). Based on this structure and the confluence of technical supports (including the 50-SMA Daily), a bounce from the support zone is probable.
🎯 Bullish Target: If the support holds, we could see a move toward the Potential Reversal Zone (PRZ) at $108,140 – $106,950 and retesting Resistance Lines.
✅ Always use a Stop Loss to manage risk.
🤝 Let's keep the discussion respectful and constructive — different ideas make the market.
🔁 Follow for updates and share your thoughts below.
👍 Don’t forget to like and share with your trading friends!