BTCUSDT
According to the Elliott wave theory, it seems that main wave 4 can continue. Most likely, its structure can be a Double Three Correction(WXY), so Bitcoin is completing microwave Y of the main wave 4. We can confirm this wave count after breaking the Support lines.
Considering Bitcoin's downward momentum, I expect it to break the Support lines in the coming hours and at least decrease to the Support zone($86,700-$85,000).
Educational tip: We can confirm the descending channel if Bitcoin rises again from the Support zone($86,700-$85,000).
⚠️Note: If Bitcoin touches $91,500 again, it could form a new All-Time High(ATH).⚠️
⚠️Note: If Bitcoin loses the Support zone($86,700-$85,000), we should expect a further decline in Bitcoin.⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
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