BTC - From Bullish to Extreme Bullish...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
🏢 BTC Building Blocks:
📈 Bullish:
BTC is currently trading within the second floor, between $92,000 and the previous all-time high (ATH) at $109,000.
As BTC retests the $96,000 demand zone, we’ll be looking for trend-following long setups!
📈 Extreme Bullish:
For the momentum to shift from Bullish to Extreme Bullish and enter the price discovery phase, a break above the previous ATH around $109,000 is needed.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bitcoin (Cryptocurrency)
BTC NEW UPDATE (4H)This analysis is an update of the analysis you see in the "Related publications" section
Bitcoin has not yet reached our zone, but it has formed a correction of the same degree as the previous ones and has also created a support area. The diametric pattern could potentially shift into a symmetrical one, and Bitcoin may even reach the 100K–105K zone.
We should keep a close eye on the 100K level for now, as it also serves as a psychological resistance.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
XAU/USD: Gold Regains Strength After Pullback – New Highs Ahead?By analyzing the gold chart on the 2-hour timeframe, we can see that yesterday, as expected, gold surged above $3400, reaching as high as $3439 before facing strong selling pressure, dropping sharply to $3359.
Currently, gold is trading around $3385, and if the price can hold above $3366, we may expect further bullish momentum. I believe gold is setting up for another move above $3400, potentially aiming to break into new highs once again.
THE LATEST ANALYSIS :
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
HelenP. I Bitcoin can break trend line and fall to support levelHi folks today I'm prepared for you Bitcoin analytics. After a strong rally, зкшсу has reached a critical zone, and the reaction here might become a key pivot for short-term price action. Price managed to break above the ascending trend line, but instead of continuation, we saw a clear rejection from the 99500 area, followed by a sharp drop back below the trend structure. This type of movement often indicates bull trap behavior. Breakout traders enter on momentum, but then get squeezed as the price fails to hold above the trend. At the same time, buyers are beginning to lose control, and sellers are regaining initiative near major resistance. Importantly, BTC is now pulling back toward a support zone between 97500 and 97000, which previously acted as a base for consolidation. If this level fails to hold, the next support lies around 93000, where the trend originally started. The structure is shifting. A trend line break followed by a failed retest often signals a trend reversal or, at least, a deeper correction. I expect BTCUSDT can drop to the 97000 level, breaking the trend line. If you like my analytics you may support me with your like/comment ❤️
USDT.D LONG - MID TERM PLANUSDT.D is one of the best tools to understand what's happening in the crypto market.
It shows the dominance of USDT across the entire space — and has a strong inverse correlation with BTC and crypto assets.
Technicals:
USDT.D is approaching its long-term support trendline.
I expect a deviation below that line — possibly toward the 0.75 Fibonacci level — before a strong move up.
That move could last 1–3 months, which means more downside for alts during this time.
Plan:
Shorting altcoins — especially ETH-related tokens and memecoins.
Looking to buy back around early August.
Bitcoin Mid Term Game Plan - BTC PLANBitcoin just broke a key resistance level with strength.
I expect a new all-time high soon, likely the summer top.
Summer markets are usually weak for risk assets and strong for gold. Seasonality matters, keep that in mind.
I expect risk markets to sell off until mid-July to early August. I’ll start buying once we break structure again.
The plan:
Wait for BTC to hit $110K
Look for a reversal from that level
Start aggressively shorting alts, beginning with ETH and memecoins
Hold shorts until late July / early August
Close positions and shift back to buying
This Low Cap Alt will 20-50x (CULT DAO)This crypto cycle has been brutal for alts. There have been massive shakeouts over and over, a relentless onslaught of rug pulls and scams, and the "Pump.fun" casino on Solana that’s drained billions of retail liquidity and transferred it to the few.
The few always seem to win, and the many always seem to lose. Today, if you’re reading this, it might all change.
CULT DAO could easily 20-50x from now until October 2025. Let’s take a look at the MACD divergence.
### Technical Divergence
For 750 days, this bullish divergence has been forming on the histogram MACD. Every new low on price has formed a higher low on the MACD.
Let’s take a look at a case study of what happens when we get this form of divergence.
I traded this exact same pattern in 2022 that resulted in a nearly 425% move. The play function doesn’t work because they rebranded, and that ticker is no longer valid, but you can scroll to the bottom in my comments on that TA and see the move. I’ll post it under this as well.
As you can see, we got that 425% move. Currently, CULT DAO is showing exactly the same histogram divergence.
Here are some examples of zigzag impulses on low-cap alts. You tend not to get 5 waves; instead, you get this zigzag pattern. This is what I predict CULT DAO will do since it’s only a 5 million market cap.
We can also see in the chart that the 0.618 time Fibonacci level hits at the end of October 2025, which is exactly where I think the altcoin market will top. Check out previous TA on that.
This is only scratching the surface of what is to come for CULT DAO. I have presented to you the technical reason why a big move is stirring and why, at the apex of these divergences, the stars align, and you have the catalyst present itself, and boom—the explosive move comes all at once, and it will be extremely volatile because of its low market cap.
### Let’s Start with the Tokenomics
Every time someone sells or buys CULT DAO on Uniswap, there is a 0.40% tax that goes to a treasury. The top 50 stakers get to pass proposals that fund projects/investments. The idea is to remove the centralized component of funding a project.
121 projects have been funded over the last three years with 3 million dollars.
- Total CULT Funded: 479,751,081,214 CULT
- Total ETH Funded: 1,573 ETH
- Proposals Funded: 121
- Total USD Funded: $3,289,596
- Total ETH Burned: 303 ETH
Allocating these funds has been a learning process over the last three years, but every failure has been necessary in preparing the DAO for what’s to come next.
### The Big Catalyst
The creator of CULT DAO has been working on a blockchain that will function on a custom gas token—that’s right, and that custom token will be CULT DAO. You heard correctly.
Every transaction, every deployment on the blockchain will require the CULT DAO token as gas to execute. The implications are massive. There are multiple dApps that are currently being constructed on the Modulus blockchain.
A privacy-first zkEVM blockchain like Modulus means a scalable, Ethereum-compatible blockchain that prioritizes user privacy through zero-knowledge proofs, allowing optional private transactions while maintaining decentralization.
Modulus is a privacy-first zkEVM blockchain and is scheduled to release this year between April and August 2025. I hope now you’re starting to see the picture.
### CULT DAO and ETH Liquidity Pools
So, why does the price of CULT go down if there is currently very little volume? Well, CULT DAO and ETH liquidity pools are tied together, so if the ETH price goes down, so does CULT. In turn, if ETH goes up, so does CULT.
You can see that CULT is nearly at a 1:1 ratio with ETH for now, coming in at a 0.91 ratio.
In other words, if my thesis is correct about ETH and it goes to 15,000 dollars, the price of CULT would be as follows:
- ETH at $10,000:
CULT Price: $0.000005008 (4x increase).
Market Cap: $21.38M (4x increase).
- ETH at $15,000:
CULT Price: $0.000007512 (6x increase).
Market Cap: $32.08M (6x increase).
That’s right—if nobody even bought CULT, not one dollar, the base liquidity increase of ETH would bring the market cap to possibly 32 million, in other words, if you were thinking of buying ETH, why don’t you just buy CULT DAO?
You can buy ETH now; from this price, 15,000 is 7x, or you can buy CULT DAO, get 6x plus whatever extra volume is coming in. It seems like a logical play, really.
Everything you’ve seen so far is why I believe this MACD histogram divergence has been forming for 750 days. As I said, the stars will align at the apex, and the explosion will come.
### Unruggable and No Whales Controlling Supply
As you can see from the bubble map, the largest wallet that is not an exchange has a cluster total of 0.7%. The rest of the clusters you see in the image are basically exchange wallets, which are the red and dark green circles mostly.
Liquidity is also locked for over 200 years.
- Burned Supply = 1.29664T
- Circulating Supply (including staked) = 4.27T
- Staked Supply = 1.07599T
- Remaining Tradable Supply (excluding burned and staked) = 4.27T - 1.29664T - 1.07599T ≈ 1.89737T
So, no whales, and it’s not possible to rug because liquidity is locked.
### Modulus Blockchain Liquidity Injection
The average liquidity injection for DAOs in ZK would be anything from 200,000 to 10 million. Let’s assume it’s a $1M injection that is split 50/50 between CULT and ETH, a common practice for Uniswap-style pools.
- CULT Amount in Pool: At the current price of $0.000001252, $500,000 buys ~399.36B CULT ($500,000 ÷ $0.000001252).
It would increase the price to a 10 million market cap overnight.
### Conclusion
- Liquidity is locked for 200 years
- No whales
- Not possible to rug
- Mainnet launching this year
- ETH pools tied to CULT
- MACD histogram divergence
The target I have for CULT is just based on Fibonacci levels. Honestly, it’s unpredictable what will happen, how high it will go, or the impact the Modulus chain will have. 120 million is my low-end estimate; the macro Fibonacci is much higher.
The last extension puts it at a 1.4 billion market cap and 266x from where we are now.
This is where you want to be for the upcoming alt season—right here, down 98% with this massive divergence and all these factors that come into play. Just the mainnet launch and ETH going to 10,000 basically sends this to a 30-50 million market cap.
Cult DAO and Satoshi Nakamoto share a common ethos of decentralization and anti-centralization. We need to embrace this notion and bring back the power to the many. If CULT DAO hits 1.4 billion dollars, the treasury funds would be in the millions; we fund our own future.
moduluszk.io
cultdao.io
cultdao.io
coinmarketcap.com
BTC – One last pushmarket context and structure
This BTCUSDT 4-hour chart from BYBIT provides a broader perspective on BTC’s ongoing uptrend, emphasizing the role of fair value gaps in guiding price behavior. After a prolonged period of sideways action and consolidation, BTC initiates a sharp bullish impulse that breaks previous structure and introduces fresh momentum into the market. Each leg higher is followed by a corrective phase, during which multiple fair value gaps (FVGs) are formed. These FVGs serve as structural inefficiencies left by aggressive buying pressure and outline key zones of interest for future price interaction.
fair value gaps and institutional demand
The chart identifies three key FVGs that have influenced BTC’s price action. The lowest FVG, created during the initial breakout below the 89,000 zone, is the origin of this current bullish leg and reflects strong institutional involvement. The mid-level FVG, created as BTC pushed through the 94,000–96,000 region, marks another significant shift in order flow. The most recent FVG, created just prior to the most recent impulse, lies just beneath the 98,000 level and represents a more immediate zone of demand. Price is currently trading above this uppermost FVG, indicating that it may act as a reaccumulation zone if price retraces.
liquidity dynamics and continuation thesis
The projection drawn on the chart suggests a short-term retracement back into the upper FVG before a potential continuation higher. This idea is rooted in the expectation that institutional participants will revisit unfilled orders left within the FVG before driving price upward toward new liquidity pools. The light blue shaded zone indicates the potential target range for this continuation. The market has consistently respected prior FVGs, confirming their role as reliable demand zones and reinforcing the current bullish bias.
price behavior and structural clarity
BTC’s price action on this timeframe is characterized by impulse–correction cycles with clearly defined inefficiencies. Each impulse leaves behind an FVG, which is either fully or partially mitigated during pullbacks. The most recent bullish leg has created an unmitigated FVG directly beneath current price, suggesting that if a retracement occurs, it is likely to interact with this gap before continuing the upward trajectory. This behavioral pattern of clean imbalances followed by targeted mitigation is a strong indicator of organized institutional involvement in the market.
interpretation and tactical insight
The chart outlines a strategic approach to navigating BTC’s current bullish structure. Rather than entering impulsively, the analysis encourages waiting for price to retrace into identified imbalance zones where the probability of sustained movement is higher. Fair value gaps provide a roadmap for understanding where price is likely to react and continue. In this case, if BTC revisits the nearest FVG and holds that level, it sets the stage for continuation toward the 101,000–102,000 zone, in line with the drawn projection. The setup remains aligned with smart money trading methodology, where price is guided by liquidity and imbalance mechanics.
ETH/USDT : Bulls are coming back? (READ THE CAPTION)By analyzing the #Ethereum chart on the weekly (logarithmic) timeframe, we can see that after reaching the demand zone between $1400 and $1550, buying pressure increased significantly. Currently, Ethereum is trading around $1800, and I expect to see the next bullish wave soon. The potential upside targets are $1990, $2500, and $2600. This analysis will be updated accordingly!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
TON/USDT : The Next Bullish Rally Ahead? (READ THE CAPTION)By analyzing the #Toncoin chart on the 3-day timeframe, we can see that the price is currently trading around $3.00, which is approximately 60% below its all-time high of $8.20. If Toncoin can hold above the $2.80 level, we may expect further bullish momentum in the mid-term.
The next potential upside targets are $3.39, $3.64, $4.20, and $4.66.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
ADA/USDT: Is ADA Preparing for Its Next Rally?(READ THE CAPTION)By analyzing the #Cardano (ADA) chart on the 3-day timeframe, we can see that over the past few months, the price surged from $0.33 to $1.32, delivering a gain of over 300%. After reaching its highest level in 3 years, it faced selling pressure and corrected down to $0.50.
Currently, Cardano is trading around $0.70, and if the price can hold and close above the $0.65 level, we may expect further upside in the medium term.
The next potential targets are $0.75, $0.81, $0.93, and $1.05, respectively.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
BTC/USD: The Bull Run Isn’t Over yet! (READ THE CAPTION)By analyzing the #Bitcoin chart on the weekly timeframe, we can see that price has finally started rising as expected and has hit all our targets, breaking above $100,000. Bitcoin is currently trading around $103,000, and now we must wait to see if it gets rejected from this level. If there's no rejection and price breaks and holds above $110,000, we could expect higher targets around $130,000 and even $163,000 in the coming weeks. So far, this analysis has delivered over 39% return!
The Previous Analysis :
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
BTC/USD: Get Ready for another Bullrun ! (READ THE CAPTION)By analyzing the #Bitcoin chart on the weekly timeframe, we can see that the price is currently trading around $95,000. Soon, we should expect Bitcoin to enter the key supply zone between $99,500 and $109,500, where we’ll closely watch for the market's reaction.
Bitcoin continues to show strong demand, and we may witness another bullish spike in the short term. All previous assumptions from the last analysis remain valid.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Millions Of Trades Liquidated —Bitcoin Flash Jump Beyond $100KMillions of people are about to get liquidated. The thing is that they set up their orders so that liquidation only happens above 100K and they think they will be able to close their position before Bitcoin reaches that level if it doesn't break down.
First, Bitcoin is not breaking down. Just notice that every time there is any type of bearish action it is quickly bought.
Second. No, no second that's all.
Bitcoin is set to grow and will do so in a flash. Rather than a flash crash, a flash advance.
Bitcoin always surprises so prepare because this is what will happen. Rather than going down as the majority actually expect, Bitcoin will break-up and do so strong, so strong that there will be no time to react. People will be caught in the shock and while they wait to look around and see what happens, Bitcoin will be moving up.
Instead of $100,000, it will go to $102,000 or $104,000 or higher just to make sure that all the over-leveraged are kicked out before additional growth.
This is just a friendly reminder.
Pray for the dead bears and people without a clue, they are about to lose everything, for them, it will be tough.
On our side though... Enjoy the profits as they come.
Namaste.
The Illusion of Value: How the U.S. Market Became a Fantasy EconThe Illusion of Value: How the U.S. Market Became a Fantasy Economy
For decades, the American economy has been celebrated as the epicenter of innovation, wealth creation, and corporate success. But beneath the surface, an unsettling reality has emerged: The U.S. financial markets are increasingly driven by speculation, hype, and a distorted sense of value.
"Buy Now, Pay Later"—A Culture of Delusion
One of the most glaring symptoms of this detachment from reality is the widespread adoption of "Buy Now, Pay Later" (BNPL) services. A staggering number of American consumers have embraced debt-financed spending as a normal part of life. Credit cards are no longer the primary vehicle for financial mismanagement—BNPL systems have convinced people they can afford luxuries they fundamentally cannot.
This mentality, in turn, feeds into the stock market’s obsession with future promises over actual output. Investors have become infatuated with narratives rather than numbers, driving valuations to unrealistic highs for companies that either underdeliver or simply do nothing at all.
The MicroStrategy Paradox: Borrowing Money to Buy Bitcoin
Take MicroStrategy, for example—a company whose sole business model seems to be leveraging borrowed capital to buy Bitcoin. By traditional metrics, MicroStrategy offers no tangible product, no innovative service, no groundbreaking technology—just speculative accumulation. Yet, thanks to Bitcoin hype, its stock price is valued as if it’s a revolutionary player in the corporate world.
This irrational valuation mirrors the broader issue with American markets: Companies are being rewarded not for what they actually do, but for the financial games they play.
The Myth of Overvalued Titans: Tesla & Meta
Tesla and Meta serve as the poster children of speculative overvaluation.
- Tesla: Once hailed as an automotive disruptor, Tesla’s stock price often reflects what Elon Musk promises rather than what Tesla delivers. From self-driving software that never fully materialized to mass production goals that fell flat, Tesla’s ability to sustain its valuation relies more on Musk’s cult-like following than automotive success. Meanwhile, the gutting of regulatory oversight has allowed Tesla to push unfinished, potentially hazardous products into the market.
- Meta: Meta’s valuation has ballooned largely on the promise of virtual reality dominance. Yet, billions poured into the Metaverse have yielded little beyond overpriced VR headsets and gimmicky social spaces.
Elon Musk: The Master of Market Manipulation
Elon Musk’s influence on financial markets cannot be overstated. Through cryptic tweets, grand promises, and regulatory maneuvering, Musk has become a force powerful enough to shift markets with mere words. Whether it’s pumping Dogecoin, slashing Tesla’s safety oversight, or influencing government policy for personal gain, Musk operates in a reality where market value is dictated by his persona rather than corporate fundamentals.
The Rise of True Value Markets
While the U.S. economy indulges in financial fantasy, other global markets have started to present compelling opportunities:
- Europe: A more realistic, fundamentals-based approach to valuation is emerging. Traditional industries remain resilient, and companies must show actual profitability to attract investment.
- China: Despite regulatory challenges, China’s focus on industrial production, technological advancement, and infrastructure development gives its economy a sense of tangible progress.
- UK & Australia: Unlike the speculative U.S. markets, these economies remain grounded in earnings, productivity, and rational valuations.
Conclusion
The American financial landscape has become a speculative playground detached from reality. Companies are valued not for what they produce, but for what they promise, what they borrow, and what narratives they spin. Figures like Musk exploit market sentiment, while deregulation enables corporations to operate recklessly. As Europe, China, the UK, and Australia foster economies built on real value, the U.S. is at risk of crashing under the weight of its illusions.
SP:SPX TVC:DXY INDEX:BTCUSD TVC:GOLD NASDAQ:MSTR NASDAQ:TSLA NYSE:BLK NASDAQ:META XETR:DAX FTSE:UKX TVC:HSI SET:SQ NASDAQ:PYPL NASDAQ:AFRM NASDAQ:AAPL NASDAQ:AMZN NASDAQ:NVDA NASDAQ:COIN NASDAQ:HOOD
TradeCityPro | Bitcoin Daily Analysis #86👋 Welcome to TradeCity Pro!
Let’s move on to the analysis of Bitcoin and major crypto indices. As usual, in this analysis I want to review the futures session triggers for New York.
✔️ Yesterday the market made another bullish leg and has now reached the 103642 resistance. There’s a chance we might enter a correction phase because the move has been very sharp and I think the market needs a rest.
⏳ 1-Hour Timeframe
As you can see in the 1-hour timeframe, we had a bullish move that continued after a pullback to the 99337 zone, climbing all the way to 103642.
💥 The RSI trigger I gave you also got activated and yesterday you could open a momentum-based position. I personally already have a long on Bitcoin from near 88000, so I didn’t open another one yesterday.
⚡️ Currently, RSI is exiting the Overbuy zone, and if that happens, the chance of entering a correction phase increases. As long as the price is above 99337, the main market momentum is still bullish and we’re not confirming a trend reversal just yet due to this strong momentum.
📈 Over the past few weeks, I emphasized a lot that you should definitely have at least one long position open, and not to open short positions unless a trend reversal is confirmed. I hope you’ve used the analyses and opened proper positions on either Bitcoin or altcoins.
📊 Today, it’s a bit late to open new positions because I think the market has made its main move and now we’re waiting for a correction phase to start. However, if you don’t have a position, you can enter a very risky trade on the breakout of the 103642 level.
🚨 This position is very risky and I personally won’t open it because we’re near the ATH and I think even if Bitcoin moves up to 106247, it’ll likely take a breather and won’t go straight up.
🔼 In any case, if you want to open a long position, I personally suggest waiting for a new structure to form and then look for a trigger. Otherwise, the only current trigger we have is 103642.
📉 As for a short position, you definitely know by now that with this strong bullish momentum, I’m not going to give you a short trigger. You have to wait for a proper structure for short entries.
👑 BTC.D Analysis
Let’s go to Bitcoin dominance. Yesterday dominance finally made a bearish move. It was a very sharp and one-sided drop to the 63.61 level without any corrections.
🧩 Currently, dominance is very bearish and altcoins have moved up strongly. Especially Ethereum, which after a long time made a sharp bullish move. I think as the market starts to correct, dominance will also move up and correct.
⭐ For altcoin entries, I personally wait for dominance to make a short-term upward correction and if it continues the second leg downward, I’ll enter altcoins.
📅 Total2 Analysis
Let’s move on to Total2. This index also had a sharp bullish move and after breaking 1.05, it managed to climb to 1.17.
🔔 I’ve talked a lot about the 1.05 zone and repeatedly told you to make sure you have a long position if it breaks. With that trigger activated, the Total2 uptrend has started and reached the 1.17 resistance.
✨ Currently, the only available trigger is the breakout of the 1.17 zone, and if it’s broken, we can enter another position.
📅 USDT.D Analysis
Let’s move to USDT dominance. Yesterday the 4.82 trigger was activated and dominance continued to fall. I also emphasized the 4.99 breakdown a lot and once again, I hope you’ve used the analysis and opened a position.
👀 Currently, the price has reached the 4.65 zone, which is very important and could trigger a correction. But if this zone breaks, we can open short positions.
💫 Overall, today if you notice, all the charts we analyzed seem to have made enough moves and now it’s time for a correction. However, if their triggers are activated and you don’t already have a position, you can still enter.
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
BTC Overextended: Awaiting the Perfect Pullback for a BuYBTC/USDT Analysis – 1D Timeframe
Bitcoin is currently looking overextended on the daily chart 📈, with price action pushing directly into a well-defined key resistance level 🚧. This area has historically acted as a strong supply zone, and with momentum appearing stretched, I’m anticipating a potential retracement in the near term.
My plan is to wait for BTC to pull back towards previous support zones Around the 61.8 Fibo level🛡️. I have a clear Point of Interest (POI) marked out, where I’ll be watching for price to react. If we see a bullish Break of Structure (BOS) on the pullback—I’ll be looking for a long entry from this area 🎯.
Key Levels to Watch:
Resistance: Current daily highs (where price is overextended) 🚩
Support/POI: Previous consolidation and demand zones below, which have shown strong buying interest in the past 🏦
Trade Plan:
- No FOMO entries at resistance! ❌
- Wait for a clean retrace into my POI
- Look for bullish confirmation (BOS) on lower timeframes before entering long ✅
- Manage risk accordingly and trail stops if the move plays out
Summary:
Patience is key here. I’m not interested in chasing price into resistance. Instead, I’ll let the market come to me and only act if my criteria are met. If BTC gives us the pullback and a bullish BoS, I’ll be ready to take the trade. Until then, I’m on the sidelines and monitoring price action closely 👀.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk appropriately. Trading cryptocurrencies involves significant risk and may not be suitable for all investors. 🚨
Later, Bitcoin!Bitcoin remains in a long-term bullish trend, but it currently appears significantly overvalued relative to gold. The recent breakout, followed by a re-test of the upsloping wedge formation, suggests that bullish momentum may be waning. This could indicate that capital is beginning to rotate out of Bitcoin. As a result, it may be more prudent to revisit the market in one to two years ahead. This shift may also mark the beginning of a potential altcoin season.