Bitcoin New Update (4H)This analysis is an update of the analysis you see in the "Related publications" section
If we were to publish an update for Bitcoin, wave D could move toward higher levels.
After hitting the green zone and gaining momentum, it could once again move upward to liquidate short positions.
In this update, we've naturally raised and revised the invalidation level.
The new targets have been marked on the chart.
A daily candle closing below the invalidation level would invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Bitcoinanalysis
BTCUSD Breakout Confirmed – Targeting Next Reversal ZoneBitcoin (BTC/USD) is currently trading around $108,700, showing strong bullish momentum after breaking out of a consolidation structure. Price action has shifted significantly, with clear structural developments pointing toward continued upside — but not without caution around the next reversal zone.
🔍 Key Technical Insights:
🔹 1. Volume Contraction Triangle (Bullish Breakout)
The chart initially shows a volume contraction pattern forming a symmetrical triangle.
This pattern is often associated with market compression — a setup where smart money accumulates before a breakout.
BTC broke out of the triangle with strong bullish candles, confirming buyers have stepped in with conviction.
🔄 2. Structure Shift & Break of Structure (BOS)
A major BOS (Break of Structure) occurred as price broke previous swing highs, confirming a bullish market structure.
This BOS zone now acts as a potential support area if BTC pulls back.
A short-term SR interchange zone (Support becomes Resistance) was also respected and flipped again to support during the breakout — a clear sign of structural strength.
🧭 3. Next Reversal Zone – Supply in Sight
Price is approaching a major supply/reversal zone between $109,750 and $110,250.
This zone has previously shown strong selling interest.
Traders should watch for rejection or continuation patterns within this zone — such as bearish divergence, exhaustion candles, or confirmation of resistance.
🛡 4. Major Support Level
Below current price, a major support zone around $107,500–$107,800 remains intact.
This zone has provided a solid base during past consolidations and would be the first area of interest for buyers if a retracement occurs.
📌 Strategy Plan:
🔼 For Bullish Traders:
Those already in the breakout can hold with targets toward $110,000–$110,250.
If not in yet, wait for a retest of BOS/SR zone (~$109,000) for a safer re-entry.
Consider partial take-profits within the green reversal zone.
🔽 For Bearish Traders:
Watch for price exhaustion or a fake breakout in the reversal zone.
Potential short setups could form only if price fails to hold above the BOS zone and prints a lower high.
🔧 Technical Summary:
✅ Structure: Bullish Break of Structure confirmed
🔺 Momentum: Strong upside following volume contraction
📍 Next Key Resistance: $110,000–$110,250
📉 Major Support: $107,500–$107,800
⚠️ Caution Zone: Reversal area ahead – watch price action closely
Conclusion :
Bitcoin looks set to challenge the $110K psychological level as buyers remain in control. However, the reversal zone above is critical. A clean break and hold above it could open doors to further highs, while rejection here may trigger short-term pullbacks or range-bound conditions.
Bitcoin Tests Record High as Momentum FadesBitcoin is bullish, testing the all-time high at $112,000.0. Stochastic shows an overbought reading of 83.0, indicating momentum may stall.
As of now, BTC trades slightly below this level. Since it's the first test of $112,000.0, consolidation could follow. If bulls fail to break higher, price may dip toward $107,268 and $105,119.0 supports.
Bitcoin Roadmap => Short-termBitcoin ( BINANCE:BTCUSDT ) is moving above a Heavy Resistance zone($110,720-$105,820) , Cumulative Short Liquidation Leverage($110,300-$111,177) and is approaching All-Time High(ATH) .
Do you think Bitcoin will create a new All-Time High(ATH) in this rally?
In terms of Elliott Wave theory , Bitcoin's rise over the last two days appears to have been in the form of wave 5 .
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks.
I expect Bitcoin to start declining in the coming hours. Targets are marked on the chart.
Cumulative Long Liquidation Leverage: $106,750-$106,202
Note: Stop Loss(SL)= $111,223
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.
Something for the weekend? Bitcoin Daily-last for 2 weeks
PA has finally risen above that Fib circle ( falling diagonal arc) that has rejected us since Early June.
PA is currently retesting this as support now and we will hopefully manage to remain above.
Should this fail, we have the lower trendline of the newly formed rising channel to use as support.
Should that fail, we have the 236 Fib circle (Red) and the next rising support line around 102k, depending on sharp the drop is.
If we find support where we are now, we have a good run back to the current ATH line ( Blue Dash line)
The real test is that 236 Fib circle that is dropping form around 114K
99% of the Time, a 236 Fib circle is resistance and if it rejects PA, the Current ATH line is very close below.
This will either create a bounce or a sharp drop. If we get stuck between the 2, we have that APEX around 25 July..PA always reacts BEFORE the Apex
And I am back on the 19th Jully, just in time I hope ;-)
So, The MACD is currently above neutral on the Daily (Below)
The weekly is much the same but on the 4 hour, we are currently dropping towards Neutral and Tomorrow ( sunday) will tell us if it bounces or not.
We are early in July, As mentioned in the monthly report I posted earlier this week, we could see a larger Green candle by month end, though is is not a promise obviously.
But the MACD could support this idea
We just have to wait and, for me, that is what we will do until around Q4
We could still see smaller gains over the summer period but the Bigger moves are in Q4
That is what I am waiting for....and yet, at the same time, I am ready if it comes earlier
stay safe
BTC Analysis (4H)This analysis is an update of the analysis you see in the "Related publications" section
Since the red arrow was placed on the chart, Bitcoin's bullish phase has ended and it has entered a corrective phase. This correction appears to be forming a Diametric pattern, and we are currently in the middle of wave E.
After interacting with the demand zone, the price may move toward the specified targets.
A daily candle closing below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BTCUSD 4hr Technical Analysis : Rejects $110K - Next TargetsOverview:
Bitcoin is currently undergoing a significant technical correction after rejecting a strong resistance level. The 4-hour chart shows a decisive bearish breakdown, suggesting that the bulls are losing control and sellers are gaining momentum. As the price continues to fall, all eyes are now on the major support levels that could trigger a potential reversal—or further acceleration to the downside.
📊 Technical Breakdown:
1. Major Resistance Zone (~$110,000 – $111,000):
This zone has acted as a strong supply area, where price has repeatedly failed to break through. Multiple rejections from this zone confirm it as a key distribution area, where large sellers are stepping in. The repeated failure to close above it shows market exhaustion at the highs.
Multiple candle wicks and strong bearish closes around this area.
Bull traps occurred after brief moves above this resistance, followed by sharp sell-offs.
2. Trendline Breakout:
Previously, BTC had been respecting a rising ascending trendline, which served as dynamic support throughout the last rally. Recently, price broke below this trendline with strong bearish momentum.
This marks a break in market structure.
The trendline retest acted as resistance—textbook confirmation of the trend shift.
3. QFL (Quantity Following Line) Breakdown:
The QFL zone, typically a bullish defense level, has failed to hold. This breakdown confirmed that bulls lost a critical level of control.
Price briefly retested the QFL from below before continuing downward.
This zone now acts as resistance, reinforcing the bearish outlook.
🔻 Downside Targets & Reversal Zones:
✅ Reversal Zone 1 (~$106,000):
This minor support level provided minimal reaction and was quickly breached.
Lack of volume or candle confirmation suggests weak buying interest here.
✅ Next Reversal Zone 2 (~$104,000):
This zone has historical importance as a short-term demand area.
Monitor closely for bullish candlestick patterns, volume spikes, or bullish divergences to assess potential bounce scenarios.
✅ Major Support Zone (~$102,000 – $100,000):
This is the most critical level in the near term.
Historically, price has reversed strongly from this zone, indicating strong buyer interest.
If price breaks and closes below this level, expect a high-probability continuation towards the $98,000 psychological level or lower.
🧠 Market Psychology:
The breakdown from the trendline and QFL indicates panic or profit-taking.
Many late long positions are likely being liquidated.
Smart money may be waiting at the $100K zone to accumulate, depending on market conditions and macro factors.
🎯 Trading Strategy Ideas:
🛑 For Bears (Shorts):
Stay short below $110K resistance.
Trail stop-loss above QFL zone or trendline breakdown.
Look to take profit at $104K and $102K zones.
Add to positions on confirmed bearish retests of broken supports.
📈 For Bulls (Longs):
Wait for clear confirmation (e.g., bullish engulfing, double bottom, RSI divergence) near $104K or $102K before entering.
Avoid catching falling knives—patience is key.
Consider scaling in with smaller position sizes and tight stops.
Watch for a reclaim of the QFL zone or a strong bounce from the $100K psychological level.
🧭 Bias: Bearish
Structure: Lower highs & lower lows.
Momentum: Selling volume increasing, bulls losing steam.
Invalidation: A strong daily close above $111K would flip bias back to neutral/bullish.
🧩 Final Thoughts:
Bitcoin is currently in a fragile state as it retraces from a failed breakout. With multiple key support zones ahead, the next few sessions will be critical in determining whether bulls can reclaim control or if we see deeper downside movement. Watch for signs of exhaustion from sellers or fresh accumulation zones to position accordingly.
BTC Eyes $105,119 Support Before Targeting $112,000FenzoFx—Bitcoin is trading just below the previous monthly high at $109,110.0, while the Stochastic remains overbought for the third consecutive day, signaling short-term overheating.
Although the broader trend is bullish, a pullback toward the anchored VWAP at $105,119.0 is expected. This level may offer a low-risk reentry, with a potential move toward the all-time high at $112,000.0.
Bitcoin Breakdown? Support Zone & CME Gap in FocusBitcoin ( BINANCE:BTCUSDT ), as anticipated in my previous analysis , attacked the Resistance lines and then resumed its decline. In previous analysis, both Long and Short positions could have been profitable .
Bitcoin is approaching a Support zone($106,800-$105,820) and the CME gap($106,645-$106,295) .
From an Elliott Wave theory perspective , it appears that Bitcoin has finally completed a five-wave impulsive move with the help of an Expanding Ending Diagonal .
I expect Bitcoin to attack the Support zone($106,800-$105,820) after breaking the lower line of the Expanding Ending Diagonal .
Note: To break through the Support zone($106,800-$105,820), Bitcoin may potentially use either a Head and Shoulders pattern or a Bearish Quasimodo formation.
Note: If Bitcoin breaks the Resistance lines, we can expect more pumps.
Cumulative Long Liquidation Leverage: $106,249-$105,094
Cumulative Short Liquidation Leverage: $109,483-$108,790
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.
BTC's Situation, A Comprehensive Analysis !!!The situation has become quite strange. Bitcoin is forming deceptive patterns, and altcoins continue their downward trend. Currently, Bitcoin is positioned within two triangles—one symmetrical and the other descending. Now that Bitcoin has reached the top of the triangle and appears ready to break upward, it might actually be hiding yet another trap within the price action.
This market has shown disregard for technical patterns, and every time the price approaches historically significant levels, it reveals its true intentions and disappoints us. This cycle tends to repeat.
In my opinion, we’re likely to see one more drop in Bitcoin’s price. After that, instead of continuing the expected downtrend from the pattern, the price could break the descending formation and experience a strong upward move.
Stay Awesome , CobraVanguard.
BITCOIN - under resistance since 2011-Birth of a new cycle soon
The Chart Clearly explains itself
Since before Bitcoin PA went into its current channel, it was under a Huge Arc that resisted any move higher...strongly, Every single ATH, Every one, even the most recent
This is Easily seen by the Blue Arc
And as you can see, maybe THIS is the real reason why PA is struggling to break higher....It just cannot break over that Arc.
The main chart is Monthly, Lets look at the weekly.
You can clearly see what happened in 2021, rejected twice and again this cycle.
And you can see how, by December This year, 2025, PA will be squeezed very tight.
And PA usually moves before the APEX>
And, if we are going to repeat the previous cycle moves, the 1st year after a New ATH usually sees a decline in price, as can be seen by the red boxes.
But PA needs to break OVER that Arc first. and then remain ABOVE IT.
This would then create a new cycle pattern.
And we need it.
Currently, we can go back to Lows of 88K before we loose support on that lower trendline but from there, we need to break over.
A Strong move in SEPTEMBER / OCTOBER would be Ideal
Just saying
Bitcoin Monthly Candle Close colour and patterns since 2011
At the beginning of June , I wrote this
""On only 2 occasions have we had a GREEN JAN, RED FEB, RED MARCH, GREEN APRIL
And Both of them were on the way to ATH. (Boxes )
On both those occasions we also had a GREEN MAY, though the gains were minimal and one was followed by a Green June and the other by a Red June."
We just got the GREEN June and so this draws my eye to the sequence on the left, ( arrow )
If we are to follow this, then July should be a larger Green (Arrow) - BULLISH
In-fact, in both the sequences we have been following ( boxes), July was GREEN- BULLISH
And using just the month candle colours, we have a higher chance of another Green candle, with July having had 9 Green to 4 Red previously. - BULLISH
However
Of the previous 8 Green June Closes , only 3 went to a Green July - BEARISH
And I have to say, on NONE of the previous Green Junes were we so close to the current ATH.
July 2021 being the closest with a price at 41K, around 18K below the current ATH at the time.
We are currently only around 200 usd below Current ATH
This adds enormous resistance to the ability to rise
I wanted a RED June because I felt it was more sustainable and would lead to a cycle ATH at the end of the year. As can be seen in the middle Box
If we look back toward the 2012 Box on the left, we may now get a Hot July / August , September and then a Cool off for October, November & December.
But something tells me this will not happen.
The Candles for our current cycle in April, May and June are diminishing in size, the opposite of 2012
But they are similar to the 2020 box, except for the red June close.
This could lead to the desired "Cooling" in August & September and a new lift off in autumn.
And if you look at the chart Candle Colour Count, , August and September are usually RED by some majority
This also gives us the Bigger Green July candle that the "Odds" point towards.
So, as ever, we have to wait and see how this plays out.
Odds in favour of a Green July using previous cycle Data
PA position just below current ATH could lead to a slightly Bearish out look in the short term.
And if you are hoping to see ALTS Rally, PLEASE keep your eye on the BTC.D chart
This also points to wards BTC ATH in Q4 this year
And then, we have the BIG question.......Will we ever see a Classix Bear again ?
With so many Holding Bitcoin LongTerm.....How would a Bear market arrive ?
BUY BITCOIN
HOLD BITCOIN
But, as ever, we just have to wait and see,
Bitcoin Daily in a large pennant with apex end of July
Bitcoin is once again getting rejected off the Fib circle just above.
This is also just under a 618 Fib extension and so a combined rejection zone.
Beneath this, we have support on that Bold dashed line. This is a Local line of supprt but has strength.
And so, we find outselves in apennant again and that apex is around 22 July.
PA tracts before the apex.
As will be explained in the monthly chart I iwll post later, this all points towards a Calm July, possibly RED month.
PA does however, have the ability and strength to push higher if the Bulls decide to make a move.
The MACD
The Daily MACD is just above Neutral and has enough room to move.
So, if we drop, support is arouns 103K
If we loose that then 100K and then we land on that red 236 Fib circle that will offer a sliding line of support.
But I do not think we will get there just yet
Enjoy
Bitcoin Eyes $110K Target Above Key Support LevelBitcoin trades slightly below last week’s high near $107,660.0, while RSI 14 shows bearish divergence without a clear downward move.
Immediate support is at $107,230.0, and resistance at $108,550.0. If BTC closes above resistance, a rally toward $110,651.0 may follow. The bullish outlook remains valid as long as the price stays above $104,681.0.
Bitcoin Approaches PRZ – Will the Falling Wedge Break ?Bitcoin ( BINANCE:BTCUSDT ) failed to break through the Support zone($106,800-$105,820) after attacking it five times , and started to rise again.
Bitcoin is currently moving near the Resistance zone($109,220-$108,280) , Cumulative Short Liquidation Leverage($108,800-$108,085) , Potential Reversal Zone(PRZ) , and Resistance lines .
From a Classical Technical Analysis perspective , Bitcoin's movements over the past two days seem to have formed a Falling Wedge Pattern .
From an Elliott Wave theory perspective , Bitcoin appears to have completed the main wave 4 within the Falling Wedge Pattern. The structure of the main wave 4 was a Double Three Correction(WXY) .
I expect Bitcoin to attack the Resistance lines after breaking the upper line of the Falling Wedge Pattern . If Bitcoin fails to break the Resistance lines before the global markets close , we can expect Bitcoin to fall again. Because entering Saturday and Sunday , the trading volume is generally low , and I think Bitcoin needs a lot of volume to break the resistances .
Do you agree with me?
CME Gap: $106,645-$106,295
Cumulative Long Liquidation Leverage: $106,055-$105,430
Note: If Bitcoin manages to break the Support zone($106,800-$105,820), we should expect further declines.
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 Reaches PRZ with Bearish Signals — Is a Drop Imminent?Bitcoin ( BINANCE:BTCUSDT ) has reached the Potential Reversal Zone(PRZ) as I expected in yesterday's post .
Bitcoin is trading in the Heavy Resistance zone($110,720-$105,820) , Potential Reversal Zone(PRZ) , and near the Resistance lines .
In terms of Elliott Wave theory , it seems that Bitcoin has managed to complete the main wave 5 with the help of the Ending Diagonal . The structure of wave 5 can be different.
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks.
I expect Bitcoin to drop to at least $105,400 .
Cumulative Short Liquidation Leverage: $107,334-$108,250
Cumulative Long Liquidation Leverage: $105,037-$103,392
Note: We could be in for a bit of excitement in the financial markets during Federal Reserve Chairman Powell's speech.
Note: Stop Loss(SL)= $109,020 = We can expect more pumps.
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 is gearing up for 120K and 140K (1D)The flip zone has been reclaimed, but no proper pullback had occurred. The recent pullback came with a sweep of the all-time high (ATH), which has caused confusion and uncertainty among market participants.
In fact, this drop can be interpreted as a pullback to the flip zone, accompanied by an ATH hunt.
We expect the price, after touching the green zone and forming a base around this level, to move toward the targets of 120K and 140K — which we currently consider as Bitcoin’s final targets for this cycle.
A weekly candle close below the invalidation level would invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Bitcoin Climbs Above $107K with Overbought Signals in PlayBitcoin closed above the 107,792 resistance after breaking the previous day's high. RSI and Stochastic indicators show overbought conditions, signaling short-term overpricing.
BTC may test the $109,000.00 resistance next, followed by a potential pullback toward $104,618.00, offering a favorable entry point for bulls.
Bitcoin Roadmap: Key Levels to WatchBitcoin( BINANCE:BTCUSDT ) managed to pump as I expected yesterday , of course, the main catalyst could have been the ceasefire announcement between Iran and Israel , which had a major impact on high and medium risk assets in the financial markets .
Bitcoin is once again moving near the Heavy Resistance zone($110,720-$105,820) and the Resistance zone($107,520-$106,100) after breaking the Resistance lines .
In terms of Elliott Wave theory , it seems that given Bitcoin’s bullish momentum , Bitcoin has completed the main wave 3 and is currently completing the main wave 4 on the 1-hour time frame . The corrective wave structure of wave 4 could be a Double Three Correction(WXY) .
I expect Bitcoin to start rising again near the Support zone($104,380-$103,060) , 50_SMA(Daily) , Support lines , and Cumulative Long Liquidation Leverage($104,412-$103,812) to rise at least to the Potential Reversal Zone(PRZ) and Resistance lines .
Note: Stop Loss(SL)= $102,600 = We can expect more dumps.
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 - Looking To Buy Pullbacks In The Short TermM15 - Strong bullish move.
No opposite signs.
Currently it looks like a pullback is happening.
Expecting further continuation higher until the two Fibonacci support zones hold.
If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀
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Bitcoin Rebounds Above $105K After Liquidity SweepFenzoFx—Bitcoin swept liquidity below $100,703.0 and rebounded to around $105,400.0, just above the volume profile point of interest.
Immediate resistance lies at $106,135.0. A break above this level could lead to a retest of $107,702.0. However, if resistance holds, BTC may consolidate toward $102,662.0, supported by Stochastic overbought signals.
Bitcoin Breakout Incoming? Flash PMI & CME Gap in FocusBitcoin ( BINANCE:BTCUSDT ) started to fall ( about -4%) after the news that the US was involved in the Middle East tension , but it has risen again with good momentum .
Do you think Bitcoin will go below the previous bottom($98,200) again on the 1-hour time frame?
Bitcoin is trading in the Resistance zonezone($102,130-$100,700) and near the Resistance lines .
In terms of Elliott Wave theory , it appears that a Double Three Correction(WXY) has been completed near the Potential Reversal Zone(PRZ) . Also, the first 5 microwaves of the Impulsive have now been completed .
---------------------------------
Bitcoin traders should monitor today’s Flash Manufacturing (expected 51.1) and Services PMI (expected 52.9) . Both forecasts are already lower than last month’s figures (51.3 and 54.8) , but I see a chance they come in even weaker.
Why weaker PMI is likely?
Slowing retail sales and softer labor data point to reduced consumer demand.
High interest rates are starting to pressure both the production and services sectors.
Regional Fed surveys already showed a cooling in business activity.
If the PMI prints below expectations, the market may anticipate a more dovish Fed, pushing the dollar( TVC:DXY ) down and giving Bitcoin a potential bullish boost.
---------------------------------
I expect Bitcoin to move towards filling the CME Gap($103,730-$102,275) after breaking the Resistance lines , and if the Resistance zone($104,380-$103,060) is broken, we should expect further increases.
Cumulative Short Liquidation Leverage: $103,391-$103,934
Cumulative Long Liquidation Leverage: $100,800-$100,250
Cumulative Long Liquidation Leverage: $97,691-$97,241
Note: Increased tensions in the Middle East or new and important news surrounding this news can make the analysis invalid, so be more careful with capital management.
Note: If Bitcoin can touch $98,170 , we can expect more dumps.
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 Closed week RED and opens Green but is back in channel
As the title says, BTC PA has fallen back in channel that offers a potential low in the High 80K should confidence fail.
PA also lost support on the Local 2.618 Fib extension.
This is a shame and poses potential problems reclaiming that.
I will say, that I do not consider this a long term Bearish beginning but it could certainly add to the "Calm" Summer I have talked about.
I say "Calm", that does depend on the world not entering a level of Madness.
The Zoomed chart below shows more detail
Here we can see clearly how PA got rejected off that upper trend line, fell through the 2.618 and is currently being rejected by it.
The potential for a further drop does exist and if we repeat the "Pattern" we have since the beginning of 2024, of bounce off Lower trend line, get rejected from Upper zone, re test lower as support and bounce again, we can expect to revisit 89K
This idea is supported from this LINEAR Daily chart
The dashed Trend line that is arrowed has origin in Sep 2024 and was also used again in April 2025.
That intersection the arrow points to is the intersection with the current supporting Fib circle at around 88500 USD
None of this is certain but these levels exist as support.
PA also has the ability to move higher
The Weekly MACD below shows us how MACD is turning down towards its signal line ( red)
We did this before in Jan 2024 ( Arrow) and The MACD bounced.
We talked about this possibility a few weeks ago But on a Daily MACD, things do look a little different.
The FEB 2024 looked like this, Bullish, rising and above Neutral
Currently, the Daily MACD looks like this
We just fell below Neutral and the Signal line just hit it
We may seea bounce but we need to have the idea that this may continue to drop a little further.
But the White bar on the Histogram shows us some recovery is currently in progress
We will have to watch the rest of this month closely. This time next week is last day of month.
I have mentioned a number of times that a small RED Month candle would be potentialy good.
We are currently Only just GREEN, so a further Drop in price is actually almost expected this week.
Interesting days ahead