Crypto king pro player

Why I See Bitcoin Selling After Inauguration on 20th and Not Buying
I believe the Bitcoin market will likely initiate a fakeout move before a heavy dip toward the $78k-$76k zone. My trades are focused on high timeframes, and it’s possible Bitcoin might push toward $108k-$110k (or at least $107k) before experiencing a significant sell-off.
Here’s an analysis based on different timeframes:

A. Monthly Timeframe Analysis
1. Rejection Candle Formation:

• Last month’s candle closed with a rejection pattern, signaling a potential reversal.

• This month’s candle is hovering near the $108.5k level, which aligns with the peak of the pattern.
2. Trendline Resistance:

• The rejection candle aligns perfectly with the trendline, showing the market is respecting the trend for the third time, which often acts as strong resistance.

2. Weekly Timeframe Analysis
1. Trendline Retest:
• The market seems to be retesting the trendline, likely as a fakeout, pushing toward $110k before reversing downward toward lower levels.
2. Elliot Wave Perspective:
Elliot theory here ⬇️⬇️

Bitcoin market ⬇️⬇️⬇️

• Wave 1: Began at $4k and peaked at $65k.
• Wave 2: Corrected by over 60% to $15k.
• Wave 3: Moved from $15k to $108.5k.
• Based on Elliot Wave theory, Wave 4 could correct by 20%, potentially dropping Bitcoin to the $76k-$80k zone.

3. Daily Timeframe Analysis
1. Resistance at $108k:

• Bitcoin is currently trading near the $108k resistance level, which also serves as a supply zone. A rejection from this level is likely, especially with the inauguration approaching.
2. Fakeout Probability:
• After the inauguration, Bitcoin might fake a breakout above $108k-$110k, prompting sellers to enter prematurely, only to liquidate them before dipping lower. This move could also trap buyers, creating a double-sided liquidation.
3. Imbalance at $86k-$87k:

• Last week, Bitcoin approached the $86k-$87k supply zone but didn’t fully fill it. The imbalance left in this area could indicate a pending move to revisit it in the future.

4. 4-Hour Timeframe Analysis
1. Short-Term Push to $108k:
• The 4-hour chart aligns with the daily timeframe, showing that Bitcoin could reach $108k around Sunday, January 19th, before faking a breakout on Monday.
2. Fakeout & Selloff:

• A likely fake breakout above $108k-$110k could trap both buyers and sellers, followed by a sharp dip as the market moves toward the $76k-$78k zone.
Conclusion
From the monthly to the 4-hour timeframe, I see bearish signs in Bitcoin. market may briefly push higher to fake a breakout, my strategy is to follow the current bearish structure unless a complete trend change occurs.
My view : Not a financial advise ✍️❗️
Does this analysis make sense? Let me know your thoughts in the comments!