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The current analysis of Bitcoin (BTCUSD) on the 1-hour timeframe suggests a strong bearish sentiment. The price is currently at approximately 65900.00 and is expected to continue its downward trend. The analysis indicates a potential target of 52700.00. This bearish outlook is invalidated if the price moves above 70000.00. The observed price action shows a clear five-wave down move, followed by what is interpreted as an ABC zigzag correction, suggesting a further leg down to complete the larger wave structure. The timeframe for this bearish continuation is not explicitly stated, but the Elliott Wave analysis implies an ongoing downward impulse, with the possibility of reaching the target in the medium term. The analysis highlights the current trend as bearish, with the expectation of further downside movement towards the identified target, contingent on the price staying below the invalidation level.