📊 Bitcoin (BTC/USDT) Technical Analysis – Short Term Perspectives
The current analysis highlights a corrective structure in A – B – C, supported by several key Fibonacci levels.
🔹 Wave A: The first bullish movement stopped around the $88,158 zone, corresponding to the 38.20% Fibonacci.
🔹 Wave B: The correction relied on a solid technical cluster between the 50% and 61.80% levels, a classic retracement zone allowing for the validation of a bullish recovery.
🔹 Wave C (potential): According to the projection, the price could target an extension towards the $94,800 – $95,800 zone, in alignment with the Fibonacci extension of 161.8%, often used as a target for the end of an ABC structure.
📐 Technical Confirmation:
The price is currently moving above the 0.00% retracement level, showing a recovery of momentum.
The dynamics remain supported as long as Zone B (between $87,300 and $86,800) remains intact.
The upward trend lines confirm an active bullish channel.
The RSI indicator (15 minutes) shows recent phases of overselling followed by a rebound, reinforcing the possibility of a bullish movement towards target C.
🎯 Bullish Target: Region $94,800 – $95,800
🛡️ Critical Support Zone: $86,800 – $87,300
⚠️ Invalidating: A break below the 78.60% retracement would pause the ABC structure.
