BTC/USD - Technical Analysis & Market Sentiment
📉 Bearish Bias
✅ Break of Key Support Zone - BTC has lost previous daily support, turning it into resistance. (+2)
✅ Fair Value Gap (FVG) Resistance - Price rejected at FVG, signaling bearish continuation. (+2)
✅ Lower High (LH) Formation - Price struggling to push higher, forming a potential sell zone. (+1)
✅ 4HR Trendline Below Price - If broken, downside acceleration is likely. (+1)
🔻 Total Bearish Score: 6
📰 Sources:
Key Support Break & Momentum - XTB
FVG & Bearish Market Structure - IFC Markets
📈 Bullish Bias
✅ Potential Weekly Pullback - If BTC holds the recent low, a bullish recovery is possible. (+2)
✅ Fib Retracement Levels Holding - Price reacting at 0.382 (86,347) and could target 0.618 (91,404). (+2)
✅ Strong Demand Around $78,000 - Historically a high liquidity zone. (+1)
🔹 Total Bullish Score: 5
📰 Sources:
Bitcoin Support Zones & Demand - RoboForex
Fibonacci & Pullback Levels - Bloomberg
📊 Sentiment & Market Factors
📉 BTC ETF Outflows (- Bearish) - Institutional exits causing selling pressure. Sources
📈 Bitcoin Halving Approaching (+ Bullish) - Potential demand increase ahead of halving event. Source
📉 Macro Risk-Off Sentiment (- Bearish) - Global markets shifting away from risk assets. Source
📌 Final Bias: Slightly Bearish (Score: 6 vs 5)
✅ Break of Key Support Zone - BTC has lost previous daily support, turning it into resistance. (+2)
✅ Fair Value Gap (FVG) Resistance - Price rejected at FVG, signaling bearish continuation. (+2)
✅ Lower High (LH) Formation - Price struggling to push higher, forming a potential sell zone. (+1)
✅ 4HR Trendline Below Price - If broken, downside acceleration is likely. (+1)
🔻 Total Bearish Score: 6
📰 Sources:
Key Support Break & Momentum - XTB
FVG & Bearish Market Structure - IFC Markets
📈 Bullish Bias
✅ Potential Weekly Pullback - If BTC holds the recent low, a bullish recovery is possible. (+2)
✅ Fib Retracement Levels Holding - Price reacting at 0.382 (86,347) and could target 0.618 (91,404). (+2)
✅ Strong Demand Around $78,000 - Historically a high liquidity zone. (+1)
🔹 Total Bullish Score: 5
📰 Sources:
Bitcoin Support Zones & Demand - RoboForex
Fibonacci & Pullback Levels - Bloomberg
📊 Sentiment & Market Factors
📉 BTC ETF Outflows (- Bearish) - Institutional exits causing selling pressure. Sources
📈 Bitcoin Halving Approaching (+ Bullish) - Potential demand increase ahead of halving event. Source
📉 Macro Risk-Off Sentiment (- Bearish) - Global markets shifting away from risk assets. Source
📌 Final Bias: Slightly Bearish (Score: 6 vs 5)
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.