#BTC #Bitcoin Traders Ideas: AI Overview
• 📈 **Elliott Wave Completion:** The completion of a corrective wave (v) in Bitcoin's Elliott Wave structure suggests a potential upcoming impulse wave, indicating a bullish trend if confirmed.

• 🛡️ **Critical Support Zone:** The 76,000 - 77,000 range is a crucial support level for Bitcoin; maintaining above this zone is vital for a bullish outlook and could trigger upward momentum.

• 📊 **Volume and Resistance Levels:** Key resistance levels at 98,242.26, 101,998.82, and 105,168.20, combined with volume confirmation, are essential for validating breakouts or reversals, providing critical trading signals.

• 📉 **Bearish Trend and Descending Channel:** Bitcoin's retesting of a descending channel twice indicates a strong bearish trend, with potential for further downward movement and possible break of previous lows.

• 🔍 **Point of Control and Fair Value Gaps:** The Point of Control at 95,866.2 acts as a resistance level, while multiple Fair Value Gaps suggest areas for potential price fills, leading to increased volatility and trading opportunities.

• 📉 **Liquidity Collection and Lower Targets:** A target range for further decline between 64,000 to 62,000, with a liquidity collection zone below 67,000, challenges bullish recovery narratives and offers contrarian trading insights.
#BTC #Bitcoin