Bitcoin is moving in a Heavy Support zone($93,400-$90,000) near the Support line.
According to the theory of Elliott waves, it seems that Bitcoin has completed the first 5 downward waves, and we can wait for upward corrective waves. Bitcoin has completed two corrective waves in the 15-minute time frame, and we can wait for the next corrective wave.
From the point of view of Classical Technical Analysis, it seems that Bitcoin has formed a Falling Wedge Pattern in the 15-minute time frame, and if Bitcoin breaks the upper line of this pattern, we can confirm this pattern.
I expect Bitcoin to rise to at least $95,170AFTER breaking the Upper line of the Falling Wedge Pattern.
⚠️Note: If Bitcoin breaks the support line, we can wait for the Heavy Support zone($93,400-$90,000) to break.⚠️.
⚠️Note: In general, if you open a Long position, you can keep it up to the Resistance zone($96,680-$95,520) or Risk-Free your position.⚠️
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Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
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For the long position, I think it is the last chance, and if Bitcoin goes below $90,500, we will probably see a further drop.
But I take this long position here even if Stop Loss is touched.
My stop loss is $90,592.
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Full Target Done.
Potential Reversal Zone(PRZ) gave you twice the long position and profit.
Now we can expect correction again, at least to my Target == around $94,000