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Pending
BTCUSDT
Entry 114,900.0000 2025-08-23 14:10 UTC
Target 136,263.0000
Fail 101,569.0000
Risk / Reward 1 : 2
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BTCUSDT
Pending
Cryptocurrency
Technical
1H
Analysis Predict Bull Market
Body
The video presents a technical analysis of Bitcoin (BTCUSD) on the daily timeframe. The analyst identifies the current correction as a wave four. Fibonacci support is noted between $101,569 and $112,954. A support zone between $112,954 and $101,569 needs to hold to keep the overall bullish scenario intact. Fibonacci levels around $127,436 and $136,263 are mentioned as potential targets if Bitcoin makes another high. A five-wave decline below $101,569 would be problematic. The analyst is tracking a wave four correction, with a likely AB pattern unfolding over the weekend. Resistance is noted around the 23.6% Fib level at $112,800. Support for the B-wave pullback is expected between $112,914 and $115,180.The August low around $112,000 is mentioned as a structural support level. A C wave could take the price higher, targeting $119,000-$121,000.The current move is interpreted as a wave A of B, in a larger uptrend.
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