Bitcoin: What Confirms The Next Major Drop? Bitcoin is showing a reaction from a major resistance zone, and the big question now is whether this corrective rally is coming to an end, or if the market still has room for one more push higher. In today’s update, we break down why B-wave rallies are among the most difficult market structures to trade from both a technical and psychological perspective. We also discuss the similarities to previous Bitcoin bear markets, including the RSI behavior, Fibonacci resistance zones, and reactions around the 200-day moving average. Most importantly, we explain what needs to happen to confirm that the next major move down has started, and why the current structure still leaves room for additional upside extensions as long as key support holds. Topics covered: Bitcoin bear market structure Elliott Wave B-wave analysis RSI oversold signals Fibonacci resistance zones Fear & Greed psychology Bear flag structure Key Bitcoin support and resistance levels What confirms a local bottom or top Timestamps: 00:00 Bitcoin reacting from resistance 00:42 Why B-waves are so dangerous 01:43 Current Bitcoin bear market structure 02:34 Comparison to the 2022 bear market 03:25 RSI similarities to previous cycles 04:14 MCO RSI tools explained 05:12 Fibonacci resistance and 200DMA rejection 06:20 Why corrective rallies are difficult to trade 06:55 Bear flag structure and unstable uptrend 07:52 Fear & Greed psychology in bear markets 09:02 Why B-waves can still extend higher 10:20 What confirms the next major decline 11:31 Why traders get trapped in B-waves 12:26 Focus on capital preservation 13:05 Key Bitcoin support levels to watch 13:49 Local trend and short-term pressure 14:32 What confirms a bullish reversal 15:20 Critical resistance at 79.2K 16:04 Final thoughts and outlook ----------------------------------------------------------------------------------------- 🧿 MCO Global: 💻 https://www.mcoglobal.com/ ✉️ Join the FREE Newsletter: 👉 https://mcoglobal.com/newsletter/ 🧿 Join the More Crypto Online Community: 👉 https://www.mcoglobal.com/memberships OR 👉 https://www.youtube.com/channel/UCngIhBkikUe6e7tZTjpKK7Q/join OR 👉 https://www.patreon.com/morecryptoonline 🧿 Join the MCO Stocks & S&P500 Community: 👉 https://www.patreon.com/moretradingonline ----------------------------------------------------------------------------------------- 🧿 Social Media: 👉 X / Twitter: https://x.com/Morecryptoonl 👉 Instagram: https://www.instagram.com/morecryptoonline_official/ 🔗 All Links: https://linktr.ee/morecryptoonline ✉️ Contact: info@morecryptoonline.com ----------------------------------------------------------------------------------------- 🧿 Exchanges & Brokers (Affiliate Links): 👉 Trade on Bybit: https://partner.bybit.com/b/MCO 👉 Trade on Bitget: https://partner.bitget.com/bg/MoreCryptoOnline 👉 Trade with XTB – a global, regulated broker offering 7,100+ stocks and 1,400 ETFs 🔗 https://geolink.xtb.com/XjNyk (Please note: XTB services are not available to U.S. clients.) ----------------------------------------------------------------------------------------- 🧿 Research & Tools (Affiliate Links): 👉 Tradingview - Chart software Get a $15 discount on your first subscription: https://www.tradingview.com/?aff_id=108760 👉 Bitcoin Magazine Pro – On-chain data & research Get 20% off with code: 20MCO https://www.bitcoinmagazinepro.com 👉 CoinTracking – Portfolio & tax tracking Get 10% lifetime discount with this link: https://cointracking.info/?ref=B776587 👉 Protect your cryptocurrencies with Trezor: https://bit.ly/morecryptoonline 👉 Protect your cryptocurrencies with Ledger: https://shop.ledger.com/?r=0fb3c8be2e46 👉 Stay safe with NordVPN: https://go.nordvpn.net/SH4s0 ----------------------------------------------------------------------------------------- ⚠️ Disclaimer The content provided on this channel is for informational and educational purposes only. It does not constitute financial advice, an offer or solicitation to buy or sell any financial instruments, or a financial service under applicable laws. All analyses and opinions expressed are strictly personal views. You are solely responsible for your own investment decisions and act at your own risk. Always consider your individual risk profile and, if necessary, consult with an independent financial advisor. Some of the links provided in this description may be affiliate links. If you choose to use them, MCO Global may receive a commission – at no additional cost to you. Thank you for supporting the channel. ⚠️ Important: Affiliate links related to cryptocurrency exchanges are not available to residents of the United Kingdom, the United States, or any other restricted jurisdictions. Please check the laws and regulations that apply in your country before using such services. Other affiliate links (e.g. VPN, hardware wallets, software tools) are unaffected.