BTC update on 12.04.2025
What a week...
Summary
BTC is at a critical decision point. A successful breakout above the current box could ignite a powerful continuation of Wave 5. However, a rejection and break below $80K opens the door to $73K, a do-or-die support zone.
Mid- and long-term structures remain intact, but everything now hinges on short-term price action.
The liquidation heatmap highlights the risk and reward balance clearly—next few candles could decide the direction.
Short-Term (1h)
BTC is attempting to break through the box for the second time. If this breakout is sustained, it would be a very strong signal for further upside. However, if BTC gets rejected again, the Hyperliquid Liquidation Map clearly shows $80K as the next key level, with $73,692 acting as a critical last line of support. A break below that would shift the entire structure.
Mid-Term (1d)
No major change in structure—BTC is still on track toward completing Wave 5, with potential to even exceed the expected targets. Wave 4 appears to be complete, as it didn’t fall below the high of Wave 1 ($73,692), and the correction fits the typical 23.6%–38.2% retracement range. The volume at that level also confirms strong interest and defense.
Long-Term (1w)
Structure remains unchanged, but BTC is now “on the edge”, meaning it’s poised for an impulsive breakout. This setup is bullish, but the short-term scenario must confirm the move for long-term momentum to kick in.
Hyperliquid Liquidation Map
There’s a dense cluster of long liquidations around $80K. If BTC falls below that, we could see a fast move down to $73K, where the last significant support and high-volume area lie. It’s a make-or-break zone for bulls, and market reactions will be key.
