๐ Bitcoin (BTC/USDT) Technical Analysis โ Short Term Perspectives
The current analysis highlights a corrective structure in A โ B โ C, supported by several key Fibonacci levels.
๐น Wave A: The first bullish movement stopped around the $88,158 zone, corresponding to the 38.20% Fibonacci.
๐น Wave B: The correction relied on a solid technical cluster between the 50% and 61.80% levels, a classic retracement zone allowing for the validation of a bullish recovery.
๐น Wave C (potential): According to the projection, the price could target an extension towards the $94,800 โ $95,800 zone, in alignment with the Fibonacci extension of 161.8%, often used as a target for the end of an ABC structure.
๐ Technical Confirmation:
The price is currently moving above the 0.00% retracement level, showing a recovery of momentum.
The dynamics remain supported as long as Zone B (between $87,300 and $86,800) remains intact.
The upward trend lines confirm an active bullish channel.
The RSI indicator (15 minutes) shows recent phases of overselling followed by a rebound, reinforcing the possibility of a bullish movement towards target C.
๐ฏ Bullish Target: Region $94,800 โ $95,800
๐ก๏ธ Critical Support Zone: $86,800 โ $87,300
โ ๏ธ Invalidating: A break below the 78.60% retracement would pause the ABC structure.
