Bitcoin Chart Analysis: What's Probable This Week?

In this video I break down the latest Bitcoin price action and explain why maintaining a focus on current market structure is vital for navigating the ongoing bear market. I analyze the recent price movements, support levels, and the potential for a corrective bounce using Elliott Wave theory to help you stay objective amidst the current volatility. You will get a detailed look at the 1-2 setup for the downside, key Fibonacci resistance levels, and the role of the 200 day moving average in identifying the broader trend. I also provide an update on the critical support zones between 60,200 and 61,040 dollars that are necessary to keep the current short-term bullish thesis alive. Whether you are monitoring Bitcoin for a potential reversal or managing risk in a volatile environment, this video covers the technical targets and invalidation points you need to know. We discuss how to interpret short-term ABC structures and why distinguishing between trending moves and corrective bounces is essential for your trading strategy. Timestamps: 0:00 - Current market outlook 1:29 - Staying in the present 2:59 - Bear market structure 5:07 - Short term Bitcoin analysis 7:45 - Critical support and targets ----------------------------------------------------------------------------------------- 🧿 MCO Global: 💻 https://www.mcoglobal.com/ ✉️ Join the FREE Newsletter: 👉 https://mcoglobal.com/newsletter/ 🧿 Join the More Crypto Online Community: 👉 https://www.mcoglobal.com/memberships OR 👉 https://www.youtube.com/channel/UCngIhBkikUe6e7tZTjpKK7Q/join OR 👉 https://www.patreon.com/morecryptoonline 🧿 Join the MCO Stocks & S&P500 Community: 👉 https://www.patreon.com/moretradingonline ----------------------------------------------------------------------------------------- 🧿 Social Media: 👉 X / Twitter: https://x.com/Morecryptoonl 👉 Instagram: https://www.instagram.com/morecryptoonline_official/ 🔗 All Links: https://linktr.ee/morecryptoonline ✉️ Contact: info@mor