1) General trend

• The current trend is a corrective rise within a major descending channel.
• Previous channel breakout was a false breakout and was retested.
• Price is retesting important support and demand areas.

2) Elliott wave analysis

• Bitcoin is operating within a corrective ABC pattern.
• We are at the end of Wave B.
• Rising wave C needs to fall to 87,500 – 86,500 points before it can really take off.

3) Time cycle analysis

• The time cycle repeats every 7-9 days between lows.
• The last low was 6 days ago → the market is very close to the time reversal zone.

4) Digital analysis

• Critical psychological support: 90,000
• Main wave support level: 87,500
• Powerful Firewall: 86,500 – 86,000

5) Fundamental analysis

• Markets await US inflation data.
• The US dollar is more volatile and less liquid.
• Bitcoin’s overall trend is sideways awaiting major events.
• Any dip in the demand area is viewed as a buying opportunity, not a selling opportunity.

6) Price action

• Strong rejection candle appears at 90,500.
• Small double top 93,000 → short resistance level.
• Seller momentum is weak, suggesting an upward bounce after entering a buying zone.

7) Support and resistance levels

support

• 90,500 requests + FVG
• 89,700 structural supports
• 87,800 – 86,500 Major Support + End of Wave

resistor

• 93,500 – 94,200 Main Show
• 98,000 – 100,000 major reversal areas

8) Supply and demand area

demand area

• 90,500 – 89,700
• 88,000 – 86,500 (strongest)

display area

• 93,500 – 94,200
• 98,000 – 100,000

9) Harmonic model

• Possibility of forming a bullish butterfly pattern
• Goal achieved: 97,000 – 100,000
• The area 86,500 – 87,500 needs to be touched to complete point D.

10) Pivot point

91,900 – 92,200

• Above → Ascending
• Below this level → Fall towards good buying zone

🎯 Approved suggestions

Note: We are still within a bearish buying channel, need to cut losses and proceed with caution

🔸 First time purchase discount (safe and close to the price)

• Number of applicants: 90,500
• Stop Loss: 89,300
• Target 1: 92,800
• Target 2: 94,200
• Target 3: 98,000

🔸Strong Buy (Best Area)

• Number of applicants: 88,000 – 86,500
• Stop Loss: 85,500
• Target: 97,000 – 100,000
Important tips
We do not provide you with financial and investment advice
Instead, we provide you with scientific and educational content
You are the only one responsible for pressing the buy and sell buttons

analyst
Engineer Ihab
Sayed Al-Dhahab Telegram Channel

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