Bitcoin Analysis Report
Bitcoin Analysis Report
Analysis Summary:
1. Bitcoin is currently trading within a consolidation range, with key support levels observed near
$96,779 and resistance near $100,175.
2. A recent break of structure (BOS) indicates potential for further downside movement if price
breaks the equilibrium area.
3. Fibonacci retracements suggest critical levels at 50% ($102,385) and 61.8% ($103,143) for
potential reversals.
4. Wave structure aligns with Elliott Wave theory, suggesting a corrective wave within the larger
downtrend.
Recommendations:
1. Sell below $97,300 with a target of $95,500. Stop loss: $98,400.
2. Buy above $100,200 with a target of $103,000. Stop loss: $99,000.
3. Wait for confirmation of breakout or rejection at the equilibrium level ($98,000-$99,000) for
intraday trades.
Bitcoin 4-Hour Chart:
Analysis Summary:
1. Bitcoin is currently trading within a consolidation range, with key support levels observed near
$96,779 and resistance near $100,175.
2. A recent break of structure (BOS) indicates potential for further downside movement if price
breaks the equilibrium area.
3. Fibonacci retracements suggest critical levels at 50% ($102,385) and 61.8% ($103,143) for
potential reversals.
4. Wave structure aligns with Elliott Wave theory, suggesting a corrective wave within the larger
downtrend.
Recommendations:
1. Sell below $97,300 with a target of $95,500. Stop loss: $98,400.
2. Buy above $100,200 with a target of $103,000. Stop loss: $99,000.
3. Wait for confirmation of breakout or rejection at the equilibrium level ($98,000-$99,000) for
intraday trades.
Bitcoin 4-Hour Chart:
כתב ויתור
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