📌 Classic and wave technical analysis of BTC/USDT
📊 1. Classical technical analysis: support and resistance levels and market trend
🔹 General trend:
• Current price: 96,349.78 USDT
• The general trend is bullish since the bottom of 3,782.13 USDT, with a strong rise reaching a peak of 109,588.00 USDT.
• The price is moving above all major moving averages (EMA 7, 25, 99), which reinforces the bullish trend.
📌 Key support and resistance levels
🔹 First Resistance: 99,500 - 100,000 USDT (strong psychological barrier)
🔹 Second resistance: 109,588 USDT (recent high)
🔹 First Support: 94,800 USDT (24-hour low)
🔹 Support 2: 87,500 - 90,000 USDT (strong support if deeper correction starts)
✔ If the price breaks 100,000 USDT, we may see a rise to 110,000 - 115,000 USDT.
✖ If it breaks 94,800 USDT, we may see a deeper correction towards 90,000 USDT.
📉 2. Wave analysis using Elliott Wave Theory
✅ Upward impulse wave (1-5)
1️⃣ Wave 1: Rise from the bottom 3,782.13 USDT to 21,769.13 USDT.
2️⃣ Wave 2: Correction towards 17,000 USDT.
3️⃣ Wave 3: Strong rise above 68,000 USDT.
4️⃣ Wave 4: Minor correction towards 45,000 USDT.
5️⃣ Wave 5: The current wave has reached a peak of 109,588 USDT, and may continue towards 115,000 USDT.
📌 Possible scenarios for the next wave
✔ If the price breaks 100,000 USDT, we may see the continuation of wave 5 towards 110,000 - 115,000 USDT.
✖ If the price fails to surpass 100,000 USDT, an ABC corrective wave towards 90,000 USDT may start.
📈 3. Forecasts and trading strategies based on classical and wave technical analysis
✅ Bullish scenario (if price exceeds 100,000 USDT)
🔹 Conditions:
• Breaking the 100,000 USDT resistance.
• Continued buying momentum with strong trading volumes.
🔹 Objectives:
1. 105,000 USDT (first resistance level after breakout).
2. 110,000 - 115,000 USDT if the bullish momentum continues.
🔹 Stop loss:
• Below 95,000 USDT to avoid risk.
❌ Bearish scenario (if the price fails to break 100,000 USDT and correction starts)
🔹 Conditions:
• Price rejection at 100,000 USDT.
• Breaking the support of 94,800 USDT.
🔹 Objectives:
1. 90,000 USDT (strong support area).
2. 85,000 USDT if correction continues towards wave C.
🔹 Stop loss:
• Above 100,000 USDT in case of sell.
📌 Final conclusion: Is there an opportunity to trade based on technical and wave analysis?
✔ Yes, the overall trend is bullish, but there is a strong resistance at 100,000 USDT.
✔ If the price breaks 100,000 USDT, we may see a continued rise to 110,000 - 115,000 USDT.
✔ If the price fails to surpass 100,000 USDT, we may see a correction to 90,000 USDT or lower.
📌 🚀 Final decision:
• If you are thinking of buying, wait for a break of 100,000 USDT.
• If you are thinking of selling, breaking 94,800 USDT will be a negative signal.
• Monitoring over the next 24-48 hours is essential to confirm the upcoming trend!