@morecryptoonline
YouTube
Avg. Quality
71
Success Rate
32.15
Analysis
2625
Correct
844
Fail
1721
Pending
59
Ineffective
0
Total Quality
Score
If You Had Traded on This Analysis…
Correct
BTCUSDT
Short Entry
89,305.3000
2026-01-24
23:45 UTC
Target
87,891.0000
In 16 Hours
Fail
91,680.0000
Risk/Reward
1 : 1
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Final PnL
1.58%
P/L: —
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Bitcoin is currently trading within a short-term sideways range on the 15-minute chart, holding below the 50% Fibonacci retracement resistance at $91,680. The preceding decline lacks a clear five-wave impulse, suggesting a high probability of one more low to complete a larger corrective wave A, targeting the B-wave support region around $87,891. A break below Friday's lows (approx. $88,450) would confirm this downside continuation. Conversely, a sustained break above $91,680 would increase the likelihood of the market already being in a larger B-wave bounce. For Bitcoin Dominance on the daily chart, the overall trend is bearish, following a potential cycle top earlier this year. After an initial A-wave decline and a corrective B-wave rebound, the market is poised for a C-wave move lower. A decisive break below the 23.6% Fibonacci retracement level at 57% would likely push dominance towards the 38.2% Fibonacci target at 52.18% or even lower to 48.5%. The bearish outlook for dominance remains intact as long as it stays below the October high of approximately 63.4%.