The analysis focuses on Bitcoin (BTCUSD) using Elliott Wave theory and trend channels on a 15-minute timeframe. The current price is $90,917.61. The analyst identifies a well-defined trend channel and expects a corrective bounce. The price reached the 38.2% retracement level at $92,734.65, with an ideal target and resistance for the Wave 4 bounce. A micro support zone exists between $88,690 and $90,338. The main support region is between $83,146 and $86,627. Analyst prefers to see one more high for Wave 4 or Wave A. Breaking below the trend channel at $88,693 indicates weakness. The target price mentioned is 96,853. The Elliott Wave structure is identified as Wave 1,2,3,4, and 5.