BTCUSDT continues its bullish macro structure, now advancing towards the projected cycle top zone at 160,524, completing a textbook AB=CD harmonic formation. The BC leg retraced precisely 0.584 of AB, aligning with a 2.423 CD extension, confirming a strong harmonic symmetry.
Price is currently trading around 16,569 after breaking through key resistance levels, with the Immediate Demand Zone resting at 110,198. This zone will act as the first major defense level if a short-term correction occurs.
Market structure suggests a potential blow-off top formation into October/November 2025, marking the probable end of the current cycle. Do check out our Bitcoin lifecycle thread for clarity on the reason for picking cycle top.
Momentum remains firmly bullish, with the upward curve indicating buyers remain in control until exhaustion patterns emerge near the cycle projection zone.
Plan: Hold long positions into strength, scale out as BTC approaches the 160K cycle top zone, and prepare for a potential macro reversal as the cycle matures. Monitor lower timeframes for divergence signals as we approach the final leg.
Trade at your own Risk 👍
Best Regards, Trade Cryptocurrency
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