Bitcoin / TetherUS
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๐ŸšจBitcoin is Ready to Break Descending Channel๐Ÿšจโฐ(1-Hour)โฐ

5โ€ฏ065
๐Ÿƒโ€โ™‚๏ธBitcoin is moving in the ๐ŸŸขSupport zone($25,840_$25,600)๐ŸŸข after leaving behind a ๐ŸปBear Trap๐Ÿป.

๐Ÿ“šIt is better to know that, in general, Volume Trading is โ†˜๏ธLowโ†˜๏ธ on Saturdays and Sundays.

๐ŸŒŠAccording to the theory of Elliott waves, it seems that Bitcoin has successfully completed its 5 downward waves and has already started corrective waves.

๐Ÿ’กOne of the signs of the completion of wave 5 is the Regular Divergence (RD+) between two consecutive bottoms in the RSI indicator.

๐Ÿ’กAnother sign that we can hope that Bitcoin will succeed in breaking the Descending Channel is the Regular Divergence (RD+) between Volume and Price in two consecutive bottoms.

๐Ÿ””I expect Bitcoin to gradually break out of the Descending Channel and reach the ๐Ÿ”ดResistance zone($27,000-$26,350)๐Ÿ”ด and ๐ŸŽฏTarget๐ŸŽฏ I have identified on the chart.

Bitcoin Analyze ( BTCUSDT ), 1-hour time frame โฐ.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.

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Bitcoin's front resistance is the $26,000 round number (23.6% Fibonacci level), the next resistance is the next Fibonacci level at 32.8%.
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Bitcoin is likely to touch the support line.
๋…ธํŠธ
Bitcoin is still holding above its support line.
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