### **1. Chart Overview**
- **Pair:** Bitcoin / U.S. Dollar (BTCUSD)
- **Exchange:** Bitstamp
- **Timeframe:** 1 Day (1D)
- **Price:** Around **$91,635**
- **Volume:** 2.4K
- **Daily Change:** +4.72% (strong bullish move today)
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### **2. Indicator: Gauss-R Ribbon**
- This ribbon is a volatility-based indicator often used to detect trend changes.
- **Green ribbon:** Bullish trend bias (price closing above average)
- **Red ribbon:** Bearish trend bias (price closing below average)
- **Your settings:** `close 49 0.55 7 21`
#### Interpretation:
- You can see **green zones** during major uptrends (October–December 2024).
- **Red zones** appeared during the pullback from January–April 2025.
- Now, BTC is **breaking out above the red ribbon**, possibly signaling a **trend reversal back to bullish**.
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### **3. Price Action**
- Price consolidated in a **range** for most of March–April 2025.
- Now it has **broken above recent highs**, suggesting a **bullish breakout**.
- If momentum holds, BTC could **retest the previous highs** around $100K.
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### **4. Watchlist Notes (Right Panel)**
You’re tracking macro, crypto, and volatility assets:
#### **Top Movers:**
- **MOVE index** (bond market volatility): +12.15% — signals bond volatility is back up.
- **SUI/USD**: +11.6% — strong altcoin rally.
- **ETH/USD**: +7.77% — Ethereum joining BTC in breakout mode.
- **VIX**: -9.26% — equity volatility collapsing, risk-on mood.
- **DXY (Dollar Index)**: +0.80% — slightly stronger USD, but not stopping BTC here.
#### **Gold (GC1!)**: Down ~1%
Suggests capital may be rotating from gold into crypto or risk assets today.
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### **5. Macro Interpretation**
This chart hints that:
- BTC may be entering a **new swing leg higher** after a corrective phase.
- **Risk-on sentiment is returning** (VIX and MOVE down, equities up, ETH/BTC up).
- BTC is leading as **money rotates into crypto** despite a slightly stronger dollar.
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### **6. Key Levels to Watch**
- **Support:** ~
87K (prior consolidation)- **Resistance:** ~$100K+ (local highs)
- **Breakout confirmation:** Hold above $91.5K for 2–3 daily closes with volume.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.