Bitcoin Bounce on Trump Tariff Delay – Short Setup Still Valid!

26 May

Bitcoin(BTCUSDT) started to fall as I expected in the previous idea, and declined near the Support lines.

Bitcoin started pumping after the news that "US President Trump agreed to postpone 50% EU tariffs until July 9th." Do you think this pumping of Bitcoin will continue?

Bitcoin is trading in a Heavy Resistance zone($110,000-$105,800) near the Potential Reversal Zone(PRZ)[$111,200-$110,340].

From the Elliott Wave theory perspective, Bitcoin appears to be in corrective waves, which is why I am labeling this idea as a ''Short''. The corrective waves structure is of the Expanding Flat(ABC/3-3-5) type.

I expect Bitcoin to attack the Support lines once again, and if these lines are broken, it will decline to the Targets I have indicated on the chart.

Notes:

MicroStrategy bought another 4,020 Bitcoins, but it didn't have much of an impact on the market.

If the Bitcoin price falls back below $109,000, about $185 million in long Bitcoin positions will be liquidated. = Attractive for exchanges

Bitcoin 2025 Conference to be Held in Las Vegas, Tuesday-Thursday = Could Cause Market Excitement.

Note: If Bitcoin touches $112,080, we should expect more pumping.

Please respect each other's ideas and express them politely if you agree or disagree.

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

Be sure to follow the updated ideas.

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

Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.

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27 May

İşlem aktif

Trade was activated

27 May

İşlem kapandı: hedefe ulaştı

First Target Done,

If you still have a short position, you can either risk-free it or set a stop loss at $111,460.

2 Haz

Not

Full Target Done