$BTC



Let's take a look at the Bitcoin chart.
Bitcoin (BTCUSDT) is currently trading within the resistance zone of $70,080 to $68,250.
Based on Elliott Wave Theory, Bitcoin appears to be nearing the completion of the main wave 5, which is likely an Ending Diagonal pattern.
I anticipate Bitcoin to experience another decline, potentially filling the first CME Gap between $67,250 and $67,050.
Regarding the possibility of a new All-Time High (ATH):
It's important to note that while a new ATH is possible, it would require Bitcoin to break through the current resistance zone and subsequent resistance lines. Until then, a downward movement seems more probable.
Bitcoin Analysis (BTCUSDT), 1-hour time frame.
Remember: Always follow updated analysis and implement stop-loss orders to manage risk. This is merely my perspective, and I welcome your thoughts and ideas.
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