Bitcoin H1 | Pullback support at 23.6% Fibonacci retracementBitcoin (BTC/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 109.174.00 which is a pullback support that aligns with the 23.6% Fibonacci retracement.
Stop loss is at 105,800.00 which is a level that lies underneath a multi-swing-low support and the 50.0% Fibonacci retracement.
Take profit is at 113,948.50 which is a resistance that aligns with the 100.0% Fibonacci projection.
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Bitcoin (Cryptocurrency)
Next Target: Right Fibonacci Ratio 2.24 (116940.43)
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If you "Follow" me, you will always get the latest information quickly.
Have a nice day today.
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(BTCUSDT 1D chart)
It was supported near the Fibonacci ratio 2 (106178.85) and rose to renew the new high (ATH).
If this upward trend continues, it is expected to rise near the Fibonacci ratio 2.24 (116940.43).
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If it falls,
1st: 102302.08
2nd: 97226.92
3rd: 89294.25
You need to check which of the 1st and 3rd areas above is supported.
Since the M-Signal indicator on the 1D chart is passing near the 1st area, if it falls below this, there is a possibility that it will turn into a short-term downtrend.
The M-Signal indicator on the 1W chart is still rising around 94K, but since the 97226.92 point is the HA-High indicator point on the 1W chart, I think it is likely to continue the upward trend if it receives support around this area.
The 89294.25 point is the HA-Low indicator point on the 1D chart, so if it receives support around this area, it is a good time to buy.
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(30M chart)
If the price continues to rise by renewing the ATH, it is difficult to set support and resistance points.
Therefore, you need to be careful when trading coins (tokens) that are renewing the ATH.
Therefore, I think it is better to trade in a short-term trading (day trading) method, but to leave the number of coins (tokens) corresponding to the profit for the profit realization method.
In other words, when the price rises and then falls by the purchase price, the method is to sell only the purchase amount (+ transaction fee) to leave the coin (token) corresponding to the profit.
When selling, you should not sell the number of coins (tokens), but you should sell only the purchase amount.
You do not necessarily have to sell all of the purchase amount, but if possible, it is better to sell close to the purchase amount.
The reason is that when the price plummets or turns downward, there is a possibility of psychological pressure.
In my chart, the trading strategy is when the HA-Low and HA-High indicators are touched.
If it is supported near the HA-Low indicator, it is the time to buy, and when it meets the HA-High indicator, it is the time to sell.
However, if it is supported near the HA-High indicator, there is a possibility that a stepwise upward trend will continue, so a split selling strategy is necessary.
On the other hand, if it falls after receiving resistance from the HA-Low indicator, it is likely to show a stepwise downtrend, so a split buying strategy is needed.
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When you meet the HA-Low and HA-High indicators, if you check the movement of the OBV indicator, it can help you create a trading strategy.
That is, when the OBV indicator breaks upwards through the Low Line, High Line, and OBV EMA, the price is likely to rise, and if the opposite happens, the price is likely to fall.
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Thank you for reading to the end.
I hope you have a successful trade.
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- This is an explanation of the big picture.
(3-year bull market, 1-year bear market pattern)
I will explain more details when the bear market starts.
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Bitcoins LinesPrice is approaching previous highs with strong bullish momentum and no major resistance until the red-marked level around 240,000. Given the breakout structure and Fibonacci confluence, the most likely scenario is continuation toward the 140,000–160,000 range before facing any significant rejection. A stop loss would be prudent just below 91,000, with the initial target set at 139,000, and extended TP zones at 155,000 and 239,000. This trade aligns with a longer-term macro trend.
Bitcoin - Here we have the all time high!Bitcoin - CRYPTO:BTCUSD - is just getting started:
(click chart above to see the in depth analysis👆🏻)
It was really just a matter of time until we see a new all time high on Bitcoin. Consindering that over the past two months alone, Bitcoin rose another +50%, this was a clear indication that bulls are taking over. But this all time high is clearly not the end of the bullrun.
Levels to watch: $300.000
Keep your long term vision!
Philip (BasicTrading)
BTC hits ATH – But this hidden signal could ruin the rally!Bitcoin (BTC) has been in a steady and impressive uptrend over the past two months, with nearly seven consecutive weekly green candles forming on the chart. This sustained bullish momentum signals strong buying pressure and growing confidence among market participants. Such a consistent rally is rare and often indicates a broader shift in sentiment, suggesting that Bitcoin may be entering a new phase in its market cycle.
Price discovery
Recently, BTC broke through its previous all-time high (ATH) of 110K on the lower timeframes, a significant technical development. This breakout means BTC is now trading in price discovery territory, where there is no historical resistance to guide price action. While this opens the door for further gains, traders should remain cautious. Upcoming daily and weekly candle closes will be critical in determining whether this breakout is sustainable. For the move to be confirmed, Bitcoin needs to close multiple weekly candles above the previous ATH. If instead, the price falls back below the ATH on either this weekly close or the next, it could introduce downward pressure and potentially signal a failed breakout.
As we navigate this pivotal moment, it's crucial not to get swept up in the euphoria. While the price action is undoubtedly bullish, certain technical indicators warrant close monitoring to avoid complacency. In particular, the weekly Stochastic RSI and the weekly RSI are now at levels that deserve attention.
Stochastic RSI
The weekly Stochastic RSI is entering overbought territory, even before this week’s candle has closed. This suggests strong bullish momentum is currently driving the market. However, history shows that when the Stochastic RSI enters the overbought zone, it often marks areas where it was wise to take partial profits. If the blue and orange lines on the Stochastic RSI begin to cross back below the 80 level, it could indicate a weakening of momentum and the possibility of a short-term correction. That scenario becomes more likely if Bitcoin fails to continue making higher highs in the weeks ahead.
Relative Strenght Index (RSI)
Meanwhile, the Relative Strength Index (RSI) is approaching a critical resistance trendline. In previous market highs, we’ve seen the RSI top out at 89, followed by a high of 80 despite new highs in BTC’s price, a classic case of bearish divergence. If Bitcoin fails to push significantly higher in the coming weeks and the RSI does not break above the 80 level, we could be looking at a potential triple bearish divergence. This would be a strong warning signal that momentum is waning, and it could lead to a broader correction.
For this reason, it is crucial that Bitcoin continues to push upward with conviction. The RSI must break through its historical trendline and post a new high above 80 in order to invalidate the threat of bearish divergence. Should the market fail to do so and instead roll over, we may experience increased volatility and downside pressure as we move into the summer months.
Conclusion
In conclusion, while Bitcoin is exhibiting powerful bullish behavior and appears poised for further gains, the sustainability of this rally hinges on continued momentum and strong technical follow-through. Specifically, Bitcoin must maintain closes above its previous all-time high, avoid a bearish cross on the Stochastic RSI, and see the RSI break above its recent highs to neutralize the threat of bearish divergence. If these conditions are not met and momentum fades, the market may face a period of consolidation or correction in the near term. Staying vigilant and objectively monitoring these indicators will be essential for navigating what comes next.
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BTC is high! Any Weakness?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Bitcoin Breaks to All-Time Highs — What’s Next for Price Structure?
Bitcoin has officially pushed into new all-time highs, and while the move wasn’t entirely unexpected, it still packs a punch. We discussed this possibility in recent videos, though I wasn’t fully convinced at the time. That’s the nature of trading—uncertainty is the cost of admission, and conviction builds as structure confirms.
As always, I was watching the price action closely. BTC started providing the clues needed to lean into the more bullish interpretation. The levels held. The flips were clean. Momentum lined up.
That said, I did take some speculative shorts at lower degrees—not to fight the trend, but to respect possible overextensions within the count. For those following the Elliott Wave roadmap, these intraday reactions were worth probing, but nothing confirmed a larger reversal yet.
The key now is structure.
We’re currently navigating uncharted territory, and in these zones, understanding wave context and market behavior around prior resistance becomes even more critical. There’s no overhead supply—only psychology, fib projections and profit-taking to watch for.
Here’s what I’m focused on:
Clear labeling of the motive sequence—is this the end of a Wave 3 or just a smaller subdivision?
Volume behavior and momentum divergence—looking for any signals that we’re near exhaustion.
Pullback zones—marking areas where Wave 4 or consolidation might emerge, if it’s due.
This is a time to stay sharp, not euphoric.
Trade safe, trade smart, trade clarity.
IBITUSDT | Volume Speaks FirstRight now, IBITUSDT is showing more volume than even Binance’s pair . That alone tells me where the real activity is — and this is the chart I’ll be tracking .
I’m not interested in premature entries. I’ll be watching below the green line for potential setups , but only with clear confirmation on lower timeframes.
“I will not insist on my short idea. If the levels suddenly break upwards and do not give a downward break in the low time frame, I will not evaluate it. If they break upwards with volume and give a retest, I will look long.”
Most traders follow the noise. I follow the volume. That’s how I stay accurate.
📌I keep my charts clean and simple because I believe clarity leads to better decisions.
📌My approach is built on years of experience and a solid track record. I don’t claim to know it all but I’m confident in my ability to spot high-probability setups.
📌If you would like to learn how to use the heatmap, cumulative volume delta and volume footprint techniques that I use below to determine very accurate demand regions, you can send me a private message. I help anyone who wants it completely free of charge.
🔑I have a long list of my proven technique below:
🎯 ZENUSDT.P: Patience & Profitability | %230 Reaction from the Sniper Entry
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
🌟 FORTHUSDT: Sniper Entry +%26 Reaction
🐳 QKCUSDT: Sniper Entry +%57 Reaction
📊 BTC.D: Retest of Key Area Highly Likely
📊 XNOUSDT %80 Reaction with a Simple Blue Box!
📊 BELUSDT Amazing %120 Reaction!
📊 Simple Red Box, Extraordinary Results
I stopped adding to the list because it's kinda tiring to add 5-10 charts in every move but you can check my profile and see that it goes on..
BTC - Why THIS TIME is DIFFERENT (⊙ˍ⊙)This time IS DIFFERENT. Bitcoin has made a new ATH as I predicted in a few previous posts, but something's off...🤔
If we look at BTC from a macro view, the dates for this run up was quite extended. We do see some similarities in terms of the retracement (highlighted in blue) but from a timeframe analysis, there is no comparing this high to the previous:
stretching from March to October where classical bear market symptoms were show - lower highs and lower lows, with a duration unlike any of the previous cycles.
Interestingly, the previous season we increased not even 7% from the previous peak. And if we were to look at the same fractal, that places us around $116k.
But the ONE thing, that has had me suspicious this entire time (🥁) was ETH. Overlaying the ETH chart, we see that historically, ETH peaked a week or two after the BTC ATH - until this time.
The fact that BTC made such a dramatic ATH and Ethereum didn't? That was a new one. And even up to now, ETH is still 80% away only from it's previous ATH - imagine the altseason we will have IF ETH makes a new ATH... or will this time just be , different ?
BITCOIN (BTCUSD): The Next Resistances
As Bitcoin is trading in the no man's land again,
violating a resistance cluster based on a previous ATH,
here are the next potentially strong resistance to watch.
Resistance 1: Narrow area based on 115000 level - the closest strong
psychological level.
Resistance 2: Narrow area based on 120000 level - the next
psychological level.
Resistance 1 is going to be the next goal for the buyers
and will most likely reached soon.
Its breakout will push the prices to Resistance 2.
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Bitcoin may break support level and fall to support lineHello traders, I want share with you my opinion about Bitcoin. In this chart, we can see how the price a few moments ago declined, but then turned around and started to grow inside an upward wedge. Price at once rebounded from the support line of the wedge and made an upward impulse to the support level, which coincided with the buyer zone, after which it broke it and made a retest. Then BTC rose to the resistance line, after which it corrected to the 100900 support level and then started to slowly grow in the wedge. Some time later, Bitcoin rose to the current support level, which coincided with the support area and even climbed a little higher to the resistance line of the wedge, but soon dropped to the support line. Next, price turned around and made an upward impulse from this line, breaking the 105800 level, and at once made a retest. After this movement, BTC continued to grow and reached the resistance line of the wedge, but recently it rolled down, so now I expect that the price can rise a little. After this movement, in my opinion, BTC can drop to the support line of the wedge, breaking the current support level. Therefore, I set my TP at this line - 104200 points. Please share this idea with your friends and click Boost 🚀
Maybe your biggest risk is your biggest chance !!!Bitcoin will reach $130k with a slight price correction.
my previous analysis in last year !!
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Bitcoin: 106K Breakout To 113K Resistance.Bitcoin is attempting to break out of a minor consolidation which is a typical momentum continuation pattern. The updated wave count illustrates the potential (113K area) IF this breakout follows through over the coming week. While the structure is clearly bullish, I suspect this is a 5th of a 5th wave relative to the wave structure dating back to the 2017 peak (weekly chart). For traders this offers plenty of opportunities particularly on the long side, BUT for investors this means the higher it goes, the GREATER the risk. In other words, a break out to new highs should be considered an opportunity to take profits or reduce risk. Wave 5's typically appear to be the "best" time to get involved in a market, but offer the LEAST potential and the greatest risk.
I was not able to write my analysis over the previous week because I was hosting the ICTC 2025 (link in signature). My analysis the week before that was still bullish but I was anticipating a broader retrace which never materialized. Again the key in this game is ADJUSTING, not getting stuck on opinions. IF the 106K is compromised, and the daily candle closes strong, the breakout is more likely to follow through. This can lead price back to the 109K all time high. Since Wave 5's typically go higher than the Wave 3 peak, the next price objective is the 113K area which is proportional to Wave 1 on this impulse (similar length) when projected from the consolidation breakout (see illustration).
It is possible that Wave 5 can extend further, because the broader price structure is bullish. The mistake to avoid is thinking "it's just getting started". The further it goes, the greater the risk. Longer term investors are MOST vulnerable in situations like this because they are more likely to follow the "hype" that surrounds such moves while be completely ignorant to the shrinking shorter term potential. Wave 5's often characterize the idea that the majority of participants who were going to buy have bought, which means there will be much less potential demand in the near future.
This concept is NOT to be confused with long term fundamentals which often don't change. What changes is the sentiment and sentiment is what motivates price. The recent corrective move to the 76K low also illustrates this phenomenon. Fundamentally there was no reason for price to be pushing such lows. Such a move was provoked by the "perceived" risks brought on by the tariff drama which we know now was nothing more than a knee jerk reaction and an enormous buying opportunity for those who have the ability to see through the hype (read my analysis of that time).
In my opinion the best way to navigate this market is on smaller time frames. Anywhere from 1 minute to 4H offers more precise price references to mitigate risk from. Another consideration is if you plan to trade the broader time frame, use smaller than usual sizing if you plan to dollar cost average into higher prices. The trend is clearly BULLISH which means support levels are more likely to hold while resistances are likely to break. Expect more from longs and LESS from shorts. Short setups, while tempting are going to be lower probability. This should only be done by more experienced traders who understand how to manage the elevated risk. This is the mindset I will maintain UNTIL the market proves otherwise.
Thank you for considering my analysis and perspective.
DOGEBTC Strong chance that Dogecoin outperforms Bitcoin soon.DOGEBTC is testing its 1W MA50 (blue trend-line), which keeps it into a buy zone, exhibiting the same kind of price action it had during its previous Cycle in late December 2020.
That was right before the parabolic rally started where Dogecoin outperformed Bitcoin massively on the last strong known Altseason.
Right now the market is forming the same 1W MACD Bullish Cross it did on December 21 2020, straight after which it broke above the 1W MA50. The rebounded that was causes even broke above the Cycle's Falling Wedge in a rally that lasted 4 months.
We are inside a similar Falling Wedge since 2021 so a break-out may have a similar outcome. This chart shows that it may be time to move some capital to Doge.
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TradeCityPro | Bitcoin Daily Analysis #98👋 Welcome to TradeCity Pro!
Let’s dive into the Bitcoin and major crypto indices analysis. As usual, I’ll walk you through the New York futures session triggers.
⏳ 1-Hour Timeframe
As you can see, the price has finally broken above the 106422 resistance, and after some pullbacks to that level, it continued its bullish move up to 111817. It is now consolidating just below this level.
💥 The RSI oscillator is clearly reflecting price movements. Each time it reaches the Overbought zone, it gets rejected, leading to a price correction. These RSI corrections typically reach the 50 level, which has been acting as a bottom signal.
📈 For today’s long position, if RSI can stabilize above Overbought and a higher low forms above the 50 line, you can enter on a breakout of 111817. This would be a momentum-based trigger.
✨ The reason I’m emphasizing RSI today is that all the primary price-based triggers we’ve talked about—like 106422, 104800, and even levels down near 85000—have already been activated. So, if you’re not already in a position, you’ll need to rely on momentum indicators.
🧩 Another momentum trigger is a pullback to the SMA25 followed by a confirmation candle. However, I still believe breaking above 111817 is the stronger signal.
📊 As for short positions, I think by now it’s clear why I’m not recommending any. My strategy focuses on trading with the trend, and that keeps me from opening unnecessary trades. Like in recent weeks, we’ll wait for a trend reversal before considering shorts.
👑 BTC.D Analysis
Bitcoin dominance has been rising alongside price, hitting the 64.30 resistance. If Bitcoin consolidates or corrects slightly, BTC.D could break below 63.76, signaling a potential altcoin rally.
✔️ The 63.76 level is a key trigger—breaking it confirms continuation of BTC.D’s downtrend. On the flip side, a break above 64.30 would resume BTC.D’s long-term uptrend.
📅 Total2 Analysis
Total2 has resumed its upward move, and after breaking 1.23, it’s heading toward 1.26.
🔼 If BTC.D starts dropping, breaking 1.26 will be a strong long trigger for altcoins.
📅 USDT.D Analysis
Tether dominance has dropped sharply in sync with market gains. After losing the critical 4.51 support, it’s now heading toward 4.37.
⚡️ There’s still some space left before reaching that level. But if 4.37 breaks, it would be another strong long trigger for altcoins.
❌ 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/USD: More Bullish MOVE Ahead? (READ THE CAPTION)By analyzing the #Bitcoin chart on the weekly timeframe, we can see that the price has finally reached our expected level of $111,880, setting a new all-time high.
Currently, Bitcoin is trading around $110,800, and if it manages to hold above this key level, we could expect further bullish movement.
The next potential targets are $130,000 and $163,000, 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
Bitcoin Overextended? Watch These Key Levels for the Next Move!BTC/USDT 1H – Retrace Before the Next Leg? 🚦
Bitcoin has shown impressive strength recently. On the 1-hour chart the current price action looks overextended 📈. After a strong impulsive move up, we’re seeing signs of exhaustion, with price stalling near the $111,800 region. Liquidity appears thin on the buy side, and there’s a cluster of potential sell stops resting below the current high in the form of sell stop.
I’m anticipating a retrace into the Fibonacci zone, with key levels at the 50% - 61.8% retracement. This area aligns with previous consolidation and could act as a magnet for price, especially as liquidity is swept from late long positions. If we see price rotate and break structure bullishly at my point of interest, I’ll be looking for a long entry opportunity. 🔄
Fundamentals & Macro Backdrop 🌍
On the fundamental side, Bitcoin remains sensitive to macroeconomic and geopolitical developments. Ongoing uncertainty in global politics and central bank policy continues to drive volatility across risk assets. Bitcoin’s correlation with tech stocks and the NASDAQ remains significant—recent data shows that when the NASDAQ pulls back, Bitcoin often follows suit. If we see a correction in tech stocks, be prepared for a retrace in BTC as well. 📉
Institutional interest is still strong, but short-term sentiment is cautious as traders await clarity on inflation, interest rates, and regulatory news. Keep an eye on U.S. economic data releases and any major headlines out of Washington or global hotspots, as these can quickly shift risk appetite.
Fundamentals and macro news remain key drivers—stay nimble!
Let’s see if BTC can reload for another leg up, or if broader market weakness drags it lower. Trade safe! 🚀
Bitcoin’s Pump to NEW ATH($109,845) Ends in High-Volume ReversalBitcoin ( BINANCE:BTCUSDT ) moved towards the targets as I expected in my previous idea , although it faced pump and dump moves in reaching the targets .
Bitcoin managed to create a new New All-Time High(ATH=$109,845) but immediately began to decline on high volume .
Bitcoin is trading in the Resistance zone($109,588-$105,860) and near the Resistance lines , Monthly Resistance(2) .
In terms of Elliott Wave theory , Bitcoin was able to complete main wave 5 .
I expect Bitcoin to fall to at least $102,200 AFTER breaking the Support zone($105,100-$104,140) , and the possibility of further declines is very high .
Also, on the 1-hour timeframe of the USDT.D% ( CRYPTOCAP:USDT.D ) chart, a bullish and regressive Falling Wedge pattern is visible , with its upper line broken.
Do you think Bitcoin can finally create a NEW All-Time High(ATH) Again!?
Note: If Bitcoin touches $110,100, we should expect a pump.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BITCOIN made new ATH but still much time left before a Cycle topBitcoin (BTCUSD) is about to enter the final week of May, with the month mostly likely to close on a strong green candle, the 2nd straight. Though it made yesterday a new All Time High (ATH) above 109k and many are already talking about a bearish reversal, this chart shows that there is still plenty of time left before the current Bull Cycle tops.
If fact a simple measurement of the Bottom to Bottom and Bottom to Top ranges of the last 3 Cycles is enough to present all the evidence that are needed for this case.
As you can see, the previous 2 Bull Cycles lasted for 35 months (1065 days) from Bottom to Top. Similarly, the Bottom to Bottom (Bear Cycle to Bear Cycle) measurement has been 47 months (1430 days).
This amazing symmetry suggest that BTC is more likely than not to repeat this feat on the current Cycle as well. A 35 month range from Top to Top indicates that the Bull Cycle is expected to peak on October 2025, while a 47 month Bottom to Bottom range indicates that the next Bear Cycle should bottom in October 2026! As far as a potential price top is concerned, various of the previous analyses we've conducted show that $200k is a fair maximum, but the current study focuses on the timing of profit taking and not specific price levels.
So are you willing to book your profits by this October? Feel free to let us know in the comments section below!
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BTC Potential Short-Term PullbackBINANCE:BTCUSDT could be setting itself up for a short-term pullback.
It might be forming a Daily RSI Bear Divergence, with the latest retest of the the main supply zone, and RSI Divs/Breakouts have been reliable leading signals for recent CRYPTOCAP:BTC PA.
Key Levels to Watch
• $119k - Measured wedge target, confirmed with last month's breakout.
• $106.2k-$109.5k - Main supply and ATH, a sustained break above it would invalidate any bearish PA.
• $89.6k-$91.9k - Lots of confluence here:
- Unmitigated daily FVG
- The 200-day EMA is sitting there
- A move here would be between 0.5 and 0.618 Fib retracement of the last leg up, consistent with the typical pullback length of Wave 2 (Elliott Waves theory)
- It has also been an important S/R since November 2024, and a retracement here could form an Inverse Head and Shoulders pattern.
I would be patient with it, as I still see a lot of uncertainty short-term, but I think a pullback to ~$90k could offer a great long entry. Worth keeping a close eye on it.
118.75KMorning folks,
So, last time BTC was not able to show retracement that we've suggested. In fact by the end of the session, no reversal day was formed. It was some fake alarm. Our long-term 110K target has been completed, so monthly grabber has reached the minimum target.
But for now we see nothing to do. We consider no shorts. Market stands confidently around the top, without sharp drop back, it is not at overbought or at some strong resistance, so it could keep going higher. Next our upside target is 118.75K. So we could keep existed longs, just don't forget to manage stops.
If downside pullback still starts it might become good chance for long entry again. Market now is driven by rebalancing portfolios of big funds that have to sell US assets as they lost AAA rating. This explains why dollar is falling while yields are raising. This is not fast process and probably will last for some time more.
Phemex Analysis #82: BTC Breaking the $110,000 All-Time-High!Bitcoin ( PHEMEX:BTCUSDT.P ) has reached a new all-time high, surpassing $111,000, driven by strong institutional inflows, regulatory clarity, and macroeconomic factors. This surge follows our previous analysis , where we anticipated a potential breakout above the $105,000 mark. The current rally is fueled by increased demand from institutional investors, favorable regulatory developments, and concerns over traditional financial markets.
Possible Scenarios
1. Testing $120,000
With momentum on its side, Bitcoin could aim for the next psychological resistance at $120,000. Institutional interest, as evidenced by significant ETF inflows and corporate investments, supports this bullish outlook. Technical indicators, such as the "golden cross" pattern, also suggest continued upward momentum.
Pro Tips:
Monitor trading volume and market sentiment for signs of sustained bullishness.
Set stop-loss orders to protect against sudden reversals.
2. Rejection and Retest of $100,000 Support
After reaching new highs, Bitcoin may experience a pullback to test the $100,000 support level. This consolidation could be a healthy correction before the next leg up.
Pro Tips:
Watch for buying opportunities near the $100,000 support zone.
Be cautious of false breakouts and wait for confirmation before entering new positions.
3. Bearish Reversal Due to U.S. Treasury Bonds News
Rising U.S. Treasury yields and fiscal concerns have led to increased volatility in traditional markets. A significant shift in investor sentiment could trigger a bearish reversal in Bitcoin's price.
Pro Tips:
Stay informed about macroeconomic developments, particularly U.S. fiscal policies and bond market movements.
Long-Term Accumulation: For investors with a longer-term perspective, significant price dips near lower supports—such as $92750, $83000, or even $66810—could represent attractive opportunities to accumulate BTC at discounted valuations.
Conclusion
Bitcoin's recent surge past $110,000 marks a significant milestone, reflecting growing institutional adoption and favorable market conditions. While the bullish trend may continue, traders should remain vigilant and prepared for potential corrections or reversals influenced by macroeconomic factors. Employing sound trading strategies and staying informed will be key to navigating the evolving landscape of Bitcoin's price movements.
Pro Tips:
Armed Your Trading Arsenal with advanced tools like multiple watchlists, basket orders, and real-time strategy adjustments at Phemex. Our USDT-based scaled orders give you precise control over your risk, while iceberg orders provide stealthy execution.
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.