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Hello,
This is Seobeorin, approaching technical analysis not as a result but as a prediction, from a realistic perspective.
I am presenting a bearish view on Bitcoin as of June 29, 2025.
If you refer to the Ethereum idea from June 27, 2025, you can confirm that I presented a bearish perspective on Ethereum at the time. The basis for that perspective is still valid, and we are currently waiting for the take-profit level to be reached. The reason I selected Ethereum at the time was because I believed that the downward pressure on Ethereum was relatively stronger than that on Bitcoin.
However, based on today’s Elliott Wave count on the Bitcoin chart, I now judge that Bitcoin is also likely to experience some short-term downward pressure. Therefore, I am presenting a short position idea on Bitcoin.
The first take-profit target is set near $106,056. Depending on future price movements, this take-profit target may be narrowed or expanded. I will continue to track this idea, and as it develops, I will align the reasoning accordingly to organize the thought process more clearly.
Thank you.
