BTC/USDT – Elliott Wave Structure with BOS Confirmation

BTC/USDT – Elliott Wave Structure with BOS Confirmation

On the 2H timeframe, Bitcoin is showing a clear Elliott Wave corrective pattern:

Wave A → B → C → D completed

BOS (Break of Structure) confirms a potential shift towards a bullish reversal.

Price is consolidating near the $108,800 level, preparing for a possible move towards the Wave E target zone.

Key Observations:

Momentum indicators showing a potential bullish divergence.

Holding above the $108,000 support zone strengthens the bullish outlook.

Next resistance levels are at $110,000 – $112,000.

Trade Idea:

Entry: Around $108,800 (confirmation on bullish candle close)

Target Levels:

TP1: $110,500

TP2: $112,000

Stop Loss: Below $107,500 to manage risk.

Bias: Bullish as long as price sustains above the recent Wave D low.

Would you like me to include Fibonacci retracement levels in this description for more technical depth?

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