Bitcoin (BTC) Intraday Analysis | Bullish Reversal or Bull Trap? Key Levels to Watch
1 extracted signal · 1 resolved · 0 still active
KG TRADING - Crypto Elliott Waves26 Jun 2026, 15:41 UTC
AI-generated source summary
The analysis focuses on Bitcoin (BTCUSDT) using Elliott Wave theory on a 15-minute chart. The current price is approximately $60,750. The speaker identifies a corrective wave structure, possibly a complex flat pattern or a leading diagonal, and anticipates a potential Wave 2 upward correction. The target for this upward move is identified around $62,179.58. The invalidation level for this bullish outlook is set below the recent low at $59,555.48. The speaker notes that the recent impulsive move up was not strong and the Wave 3 in the corrective sequence was very short, suggesting a potential for further downside if the invalidation level is breached. However, the primary expectation is for a move up towards the target zone before a potential continuation of the bearish trend.
AI-generated summary based on the source content.
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