The Trust Layer for Market Analysts

The analysis focuses on Bitcoin (BTC) on a 1-hour timeframe. It suggests that a complex structure, potentially a 3-wave (A-B-C) zigzag, is unfolding. The current price is around 79,295.45. A bullish scenario is presented, targeting a new all-time high at 86,348.95. The invalidation level for this bullish outlook is set at 70,000.00. The speaker also notes that if Bitcoin's price breaks above 70,970, it could lead to higher prices as it might be completing wave 4 and opening for wave 5. However, the primary view suggests a potential retest of the highs, followed by a move downwards, possibly completing a larger corrective wave. The market is described as ranging in a sideways or regular flat pattern, representing a potential wave 4. The overall sentiment suggests a prevailing bearish outlook for the larger trend, with short-term upside potential before a significant drop.