BITCOIN - BTC | Intraday Analysis: Will the Bullish Scenario Continue? Critical Levels & Signals
1 extracted signal · 1 resolved · 0 still active
KG TRADING - Crypto Elliott Waves22 Jul 2026, 14:32 UTC
AI-generated source summary
The analysis of BTCUSDT on the 1-hour timeframe indicates a bullish sentiment. The current price is observed at approximately 60,700, with a target price projected at 67,835. The failure bound for this bullish scenario is set at 63,500. The analyst notes a potential ABC pattern for a flat correction, followed by a potential 1-2-3-4-5 wave structure with an ending diagonal, leading to further upward movement. However, there's also a mention of a potential WXY pattern, which could lead to a bearish continuation if certain levels are not maintained. The MACD indicator is showing increasing bullish momentum, crossing above the zero line, which supports the bullish outlook. The analyst emphasizes that while the MACD is showing positive signs, further confirmation is needed, particularly regarding the volume and the overall market structure.
AI-generated summary based on the source content.
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