Bitcoin is currently forming a contracting triangle (ABCDE) structure on the 1H chart. The market appears to be respecting the lower trendline support and could be completing Wave D, now preparing to push into Wave E.
🟢 Entry Zone: 117086 – 117076
🎯 Targets:
• 118709
• 119823
⛔ Stop Loss / Invalidation: Below 117043
🧩 Pattern: Elliott Wave Contracting Triangle
📅 Timeframe: 1H (Heikin Ashi)
📌 Wait for a bullish confirmation candle above the support zone for a safe long setup. Triangle break could lead to momentum continuation toward the targets.
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