Bitcoinanalysis
Bitcoin Hits PRZ — Is This the Perfect Short Entry?Bitcoin ( BINANCE:BTCUSDT ) has entered the Potential Reversal Zone (PRZ) after a strong bullish impulse , testing the confluence of Daily Resistance(3) .
In terms of Elliott Wave analysis , the market seems to have completed a complex WXY corrective structure , with the recent rally likely representing the final wave Y . This makes the current zone highly reactive for potential reversal .
I expect Bitcoin to retrace toward the CME Gap($105,075-$105,055) and possibly continue downward toward the Support zone($104,380-$103,060) and Cumulative Long Liquidation levels if the sellers regain momentum .
Cumulative Short Liquidation Leverage: $107,568-$106,601
Cumulative Long Liquidation Leverage: $105,360-$104,784
Cumulative Long Liquidation Leverage: $103,937-$103,217
Note: It is better to look for short positions at the Potential Reversal Zone (PRZ) or if Bitcoin touches $104,780 before reaching PRZ. That is why I chose to label this analysis as ''Short".
Note: If Bitcoin can touch $107,620 , there is a possibility of breaking the resistance lines and increasing further.
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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.
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Bitcoin Daily, Something for the weekend Sir / Madame ?This will be the main chart and 3 indicators that could be telling us something.
Main chart is the Heiken Ashi. Each candle starts in the centre of the previous one and so we get rid of noise and get a good understanding of possible Trends.
And Right now, CALM is not the word ! Candles are getting smaller and smaller.
However, we do seem to be forming a bullish pennant with an Apex at the end of the month.
PA always reacts before the Apex.
Other things to note here is that we are now using the previous line of resistance as support. Look back to Dec 2024 to Feb 2025. It was this line that put as back down to 75K
We have tested this 4 times in a small way But not in a real Meaningful Way yet.
Do remain Cautious.......but that 2.518 Fib extension should hold us in place if we drop but there could be a much deeper drop.
But lets take this step by step as there are some Very Bullish signs to.
The ADX chart below shows us that Change is near.
Remember, ADX ( yellow ) NEVER shows trend direction, just trend strength. As you can see, it rarely drops much further below this point and does not spend to long here.
SO, current trend is Weak and a new trend is likely in the near future ( this could be tomorrow or in 3 weeks..near future is a wide window..but it is not 2 months or more)
The DI + ( orange ), positive Directional price Index, and the DI - ( red) , negative Directional price Index, are also low, showing no real price action.
This can happen for longer periods of time and it is impossible to say which will rise, However, as we can see, the price movements have not been huge and so to expect a sudden Massive Dive, as some are suggesting, is not really backed by anything.
But we should never say never. Be cautious
Accumulation / Distribution chart below
What is nice about this, is simply that Accumulation is still the MAJOR movement. The majority are still accumulating and so the idea that we maybe in a Bear market is almost Dismissed. People would not accumulate an asset that is about to Dive for a long eriod of time....Normally.
There has been distribution, as marked by the RED zones. This is heavier distribution and as you can see, this Stopped at the beginning of this month, having begun when we reached the high towards end of 2024.
So many thought that was cycle ATH
They have seen the error of their ways BUT, Again, remain Cautious till we see a bigger move higher.
And now my favorite, MACD
And for me, this is where we will see the decision being made. We are approaching the Neutral zone
Last time we bounced off this area was in October 2024 and we went from 70K to 109K
BUT remain cautious, we have every possibility that we may fall through the neutral zone for a while too....But we are in an area that could show us a time to move.
This is a LINEAR Bitcoin Daily chart
And those descending lines are FIB Circles and you can see how PA often runs along them.
You can also see how we are in a Pinch, a tight Squeeze right now ( arrow) with Horizontal line of support and the rejecting red 236 Fib circle.
That Apex is, again, at the end of the month.
So, to conclude, we are certainly heading towards a Move and possibly a new trend.
I like to think this will be Bullish but there are plenty f reasons for Caution.
I will remain with my Monthly charts that suggest June may be RED and that after than we will see more Green.
A Dip is possible and I have New Buy orders around 98K incase PA wicks down to them but there is NO guarantee this will happen...OR if it does, that it will stop there....
We just have to be prepared.
Stay safe
BTC - Key Battle Between Bulls and Bears – Symmetrical TriangleBitcoin ( BINANCE:BTCUSDT ) is currently consolidating within a Symmetrical Triangle , showing indecision among Bulls and Bears around the Support zone($104,380-$103,060) and just above the 50_SMA (Daily) .
From an Elliott Wave perspective, the current range may represent a WXY corrective structure . The market seems to be waiting for a breakout direction , potentially aiming to complete wave 5 after this correction.
The Monthly Pivot Point($103,300) and the presence of significant Cumulative Liquidation Leverage Zones (both Long and Short ) are key liquidity magnets to watch in the short term .
I expect Bitcoin to re-attack the Support zone($104,380-$103,060) AFTER breaking the lower line of the Symmetrical Triangle Pattern and decline to the targets I have outlined on the chart.
Note: Stop Loss: $106,703 = Worst Stop Loss(SL)
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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.
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Bitcoin Consolidates Liquidity Around $105,000FenzoFx—Bitcoin is trading sideways near $104,650 after a sharp drop from $109,000, forming a high-liquidity zone with potential for a breakout.
The $102,746–105,266 range shows strong accumulation, offering support. BTC remains bullish above the previous week's low, but must close above the previous day's high to resume its uptrend.
BTC Approaching Key Confluence Zone: Pivot + PRZ + LiquidationsBitcoin ( BINANCE:BTCUSDT ) appears to have broken the Support lines and is currently declining .
In terms of Elliott Wave theory , Bitcoin appears to be completing a corrective wave C . The corrective wave structure is a Zigzag Correction(ABC/5-3-5) .
I expect Bitcoin to start rising again from the Support zone($104,380-$103,660) , Potential Reversal Zone(PRZ) , Cumulative Long Liquidation Leverage($104,471-$103,124) , Monthly Pivot Point , Support line , and 50_SMA(Daily) , and the small CME Gap($106,190-$106,150) will also fill.
Note: Stop Loss: $102,520
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 extended cycle, $120,000-$140,000 next july-augustBitcoin looks like its gonna be a good summer imo, too much people say it will a boring summer and we top in oktober-dec but what if we top in august and drop 50%, and sep-dec will be correction month, and we continue the bullrun end 2025 till q1 2026 and we print a top in q1 2026,
₿itcoin: SetbackBitcoin has come under selling pressure in recent hours. We cannot rule out that a deeper dip may precede the next leg higher into the upper blue Target Zone between $117,553 and $130,891. Once green wave B concludes in this range, we anticipate a wave C decline into the lower blue Target Zone between $62,395 and $51,323 to complete the larger orange wave a. From there, a corrective rally in orange wave b is expected, which should set the stage for a final leg lower to finalize blue wave (ii). Meanwhile, we’re still monitoring the alternative scenario (30% probability), in which blue wave alt.(i) is still in progress. In this case, BTC would stage an immediate breakout above resistance at $130,891.
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Bitcoin Daily Linear chart getting Squeezed on FED day - Caution
Those Fib circles are showing their strength again.
See how PA is pushed by them 99% of the Time.
And right now, we see PA ina tight Squeeze between horizontal Local support and that falling red 236 fib circle.
The Apex of that Bearish pennant is near the end of this month.
And, Today, depending on how Markets react to the FED Rate decision, PA could break away from this
A Push higher will meet resistance around 109K
A Drop lower would find support around 100K - 98K
And if I am going to show a Bearish side, a drop to the 4.618 at 92K is VERY possible given Macro events
We live in Hope that the Bulls Will show up
Bitcoin Bounced from a High-Volume Area at the 103,363 Support.FenzoFx—Bitcoin dipped to $105,175, creating a bearish fair value gap that highlights selling pressure. Immediate support is at $103,463, backed by high volume, while resistance stands at $107,792. If support holds, BTC/USD could rise toward $112,000.
A drop below $102,185 may accelerate the downtrend toward $93,363, the previous monthly low.
Bitcoin in expected price zone, may go lower then UP ?
This is the old fractal chart and I have faded out the Fractal from 2013 to 2017,
Everything ese remains unchanged since Feb this year.
We hit the expected price range indicated by the circle and we are still in that area but I expect, once the month closes and we have a small red month candle, then we can start printing Green again.
The daily version of this chart shows us more local detail
We have left the area of resistance and so now, we have a free move BUT I think we may dip down to that line of support around 100K - 98K
This would not be a bad thing to do before the end of the month as it would cool off the PA / RSI and MACD and so give confidence to the serious investor while scaring the pats off the New guys and Gals.
The Daily MACD still has a way to dip before it may find support on the neutral line
This level could see PA near that line of support but it is possible for MACD to drop while PA ranges.
So we could see that Dip to line of support and it may offer the last 100K buying zone for a very long time ..
But we do have Stupid people trying to start WW3 with Lies and Greed - this could possibly destabilise things.
Be Cautious
₿itcoin: Directly or with a Detour?!Under our primary scenario, Bitcoin remains on track to climb into the upper blue Target Zone between $117,553 and $130,891 during green wave B. The key question at this stage: will the crypto giant head straight for the zone – or take a detour below the $100,000 level first? Either path remains structurally consistent with the broader outlook. Once wave B concludes, we expect a pullback to unfold in wave C, with the low of that move – and the bottom of orange wave a – anticipated in the lower blue Target Zone between $62,395 and $51,323. From there, orange wave b should initiate a corrective rally, likely rebounding toward the $100,000 mark. This would set the stage for the final leg down in blue wave (ii). Meanwhile, our alternative scenario remains intact on the 8-hour chart. This 30% likely scenario suggests Bitcoin is still advancing within blue wave alt.(i) , rather than correcting in wave (ii). A confirmed breakout above $130,891 would validate this outcome.
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Geopolitical Tensions & Technical Pattern Point to BTC Decline!Bitcoin ( BINANCE:BTCUSDT ) fell about -5% after tensions between Israel and Iran escalated. Unfortunately , these tensions are still escalating, but Bitcoin has managed to recover about +3% so far.
Bitcoin is moving near the Resistance zone($107,120-$105,330) and Cumulative Short Liquidation Leverage .
In terms of Elliott Wave theory , it seems that Bitcoin is completing a corrective wave . The corrective wave structure could be Contracting Triangle . In case of a sharp decline in Bitcoin again, we can consider these waves as five descending waves (if Bitcoin does NOT touch $106,600 ).
I expect Bitcoin to start declining again and at least drop to the Support zone($107,120-$105,330 ). The second Target could be the Support line and Cumulative Long Liquidation Leverage .
Note: If Bitcoin can break the Resistance zone($107,120-$105,330), we can expect further increases in Bitcoin.
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.
₿itcoin: Continuing B WaveBitcoin has recently reclaimed the key $106,000 level. Under our primary scenario, we anticipate continued increases into the blue Target Zone between $117,553 and $130,891 – where green wave B is expected to conclude. From that corrective peak, we project a significant move lower in wave C, which should ultimately pull prices into the lower blue Target Zone between $62,395 and $51,323. This range is expected to mark the completion of orange wave a. We then foresee a brief corrective rally before wave (ii) completes its broader correction with a final sell-off.
📈 Over 190 precise analyses, clear entry points, and defined Target Zones - that's what we do.
BTC/USD Faces Key Support—What’s Next for Bitcoin? FenzoFx—Bitcoin dipped from its $112,000 monthly high, now trading near $104,900. Liquidity was swept, forming immediate support at $102,746.
Stochastic signals an oversold market, suggesting potential consolidation or an uptrend resumption. BTC/USD must close above $105,706 for bullish momentum, targeting $112,000.
A rejection at $102,746 may invalidate bullish outlooks, driving BTC toward $100,377.
Bitcoin weekly / Daily showing a Dip to sub 100K possibleBitcoin weekly / Daily showing a Dip to sub 100K possible but is avoidable.
On the weekly, we can see how PA is top of Range, just below the arc that has rejected everything since 2011.
There is more resistance overhead than support below and the first Real line of support sits around 103,599 , 101K then we go to 98K.
If we loose 98K for some strange reason, it is a png drop to around 88K - I doubt we will see that just yet.
However, as you can see on the weekly chart, that is the area of a STRONG line of support that has been used this cycle 4 times to propel PA higher.
The Indicators are Bull Bear Power, showing the momentum of the Trend. We have just begun a Red Bear Candle..gut this is currently sitting on a line of resistance....
The RSI is above its average and has just been rejected off the high, so the likelihood os that this will retreat lower in time or with a sharp drop.
The ADX shows trend strength NOT DIRECTION. This has just turned and has begun rising and with BTC PA falling, it suggests the beginning of a Bear trend - MAYBE
Looking at the Daily
We can see once again, PA got pushed away from the Arc of Resistance ( blue) and has begun falling.
The Bull Bear power chart shows ua how the Bears maybe meeting resistance right now and we may see a drop in bear power in the near future.
RSI has fallen below its average now and now has bumped into the Neutral line that does offer support, as we saw recently and in early 2025
Again, the ADX is Low and turning up , indicating a new trend maybe forming but we have to wait to see what this maybe
To conclude, we need to wait to get a clearer picture right now but it seems almost certain that a new trend is forming.
On the shorter term we have the chance of a bounce back / Range horizontal at current price range but the longer term looks a little more bearish for now
We are half way through June and as suggested in my posts about monthly colour candle close, It seems that a Red June candle would be a Good thing but it needs t be a not to deep candle.
So 2 more weeks of scary PA would be OK but nerve raking.
We shall have to watch close here....
Bitcoin life cycle-stage One ending-Next cycle has to start NOW
There are 3 things to see in this chart
1) The Orange Arc of resistance. I have talked about this previously but to recap a little, it has its origins in Oct 2009 and has rejected EVERY ATH since then, as you can see on the chart. The Arc itself is part of a Fibonacci Spiral.
This Arc has begun to Squeeze PA against the lower trend line, that was formed in 2011.
And we are now in a position where PA MUST react or get pushed below the Long Term line of support.
This could be called Make or Break time for Bitcoin.
The Apex of this pennant is around Jan 2026
PA always reacts before the Apex.....99% of the time.
2) The Vertical Coloured bars are Trend Based Fibonacci Time, It begins on the 1st ATH in the channel that Bitcoin created. This channel is shown in the chart below
See how the Runs to the 2017 & 2021 ATH were all in a Bullish Green zone and how PA never retouched the lower trend line of support in this time
Since Mid 2021, we entered a Bearish Zone.
On the main chart, you will notice how this Fib Time has just ended.
3) The Trend based Fibonacci Extensions. Every single ATH rejected off a Fib extension.
The Root is at the 2009 Low and 1 is at the First ATH in the Bullish Fib time Zone.
The numbers here are all based off the 3,6,9 number sequence.
Lets look a little closer at the weekly chart
As we can see, PA got repeatably rejected off this orange Arc of Resistance and Current PA has been up there, trying to break through since 2024.
Many people have also commented on how PA has been so subdued this cycle and could this be reflected in the Fib Time showing us that we are in a Red Bearish Zone.
See how, from Mid 2021, when we entered a Strong Red zone, PA took a Deep dive off the Nov 2021 ATH.
Also note how this zone ended in late 2022 and in Jan 2023, PA began its current cycle Run. See the change in Colour ?
And Currently, while Bitcoin tries to break out of this squeeze, we were in a Red zone again....that just ended.
AND we can also see that we have not yet reached the 6 Fib Extension at 120,251 usd
The situation we face here is that if PA gets rejected off that Fib line, having just broken through the Arc, we could get pushed right back down under the Arc again. It is VERY STRONG RESISTANCE
This next move from Bitcoin HAS to be strong enough to take us up to the 9 fib line at 180,391 usd at a minimum. This way we can use the 6 Fib extension as support when PA cools off from a big push and so remain above the Arc and begin the Next long term cycle.
The Daily chart below shows us where we are right now
You can see how PA has repeatably tried to break above the Arc and been rejected Firmly Every time...so far, PA has avoided going right back down to the Lower trend line and has remained in near distance to this Arc..But we are running out of Time.
Recent attempts by PA have been Strong and I am sure that we will make it over but the real question is can we also get over that 6 Fib extension and stay above.
The weekly MACD certainly has enough strength to cope
Should we have a subdued Summer trading on Bitcoin, we will see this MACD cool off and be stronger before a sustained push near Autumn maybe.
To conclude, Bitcoin is under pressure to move out of its First Full Cycle.
It is getting Squeezed and now it is time for Bitcoin to prove it can cope with its new found "Adulthood"
The Next Big push, maybe later in the year, could very realistically reach 200K or more and this would place us Above that 9 Fibonacci extension I talked about earlier.
Of course, events could change and we could see PA collapse back below the Arc.
If this happens, all is NOT lost but it would certainly weaken the case for Long Term holders to continue doing so.
This then could create a Snownall effect and prices may tumble....And I will buy MORE....
Either way, we are in a HUGE moment for Bitcoin and I am privileged to be able see this all unfold...
Lets see what happens but, for me, I am Still VERY Bullish though Cautious....
We may have to revisit low 70K in the near future if Pa cannot get over this Arc and the 6 Fib extension
Bitcoin Near Breakout – CPI Miss Could Be the Catalyst?Just Released: Key U.S. Inflation Data:
Core CPI m/m: 0.1% (vs. 0.3% forecast)
CPI m/m: 0.1% (vs. 0.2% forecast)
CPI y/y: 2.4% (vs. 2.5% forecast)
Market Reaction & Outlook:
The softer-than-expected inflation figures suggest easing price pressures in the U.S. economy — a potential bullish signal for risk assets, such as Bitcoin ( BINANCE:BTCUSDT ).
-----------------------------
Now let's take a look at the Bitcoin chart on the 1-hour time frame .
Bitcoin is trading in the upper part of a Heavy Resistance zone($104,380-$103,670) and is trying to break through this zone. The announcement of US indexes could be a trigger for a breakout of this zone .
In terms of Elliott Wave theory , Bitcoin appears to be completing microwave 4 of the main wave 3 . The structure of microwave 4 is a Double Three Correction(WXY) .
I expect Bitcoin to start rising from the Potential Reversal Zone(PRZ) and near the Support line again and rise to at least $110,670 and if the Heavy Resistance zone($104,380-$103,670) is broken we should expect new ATHs in the coming days .
Cumulative Long Liquidation Leverage: $108,791-$107,887
Cumulative Long Liquidation Leverage: $106,840-$105,457
Cumulative Short Liquidation Leverage: $111,381-$110,568
Note: If Bitcoin falls below $105,700(Worst Stop Loss(SL)), we should expect further declines.
If you want to know my weekly analysis about BTC , I suggest you check out the following idea:
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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.
Will Bitcoin move toward its ATH?This analysis is an update of the analysis you see in the "Related publications" section
In the previous analysis, we mentioned that the red zone marked on the chart could potentially be broken.
From the point where we placed the green arrow on the chart, Bitcoin’s diametric pattern has completed, and it has entered a corrective phase.
It now appears that we are in wave B of a running flat, and wave B could complete around the all-time high or slightly above it.
Let’s see whether this move will play out or not.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
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Bitcoin’s Final Wave & Time Reversal Zone _ New ATH Loading?Today, I want to analyze Bitcoin ( BINANCE:BTCUSDT ) on the weekly time frame and answer these questions :
Can Bitcoin create a new All-time High(ATH) or not!?
At what price range can Bitcoin's uptrend end!?
When can we expect the uptrend to end!?
Please stay with me.
Bitcoin appears to have managed to break the Resistance lines , although we saw a fake break a few months ago , and it also appears to have a Hammer Candlestick Pattern in the previous weekly candle , which could signal the completion of Bitcoin's pullback to the Resistance lines(broken).
In terms of time , if we want to analyze the Bitcoin chart and look at Bitcoin's past, in general, the months of June(Average=-0.13%/Median=+2.20%) and especially July(Average=+7.56%/Median=+8.90%) have been among the most productive months for Bitcoin , and the months of August(Average=+1.75%/Median=-8.04%) and September(Average=-3.77%/Median=-4.35%) were the months when Bitcoin had a correction . Technical analysis tools show the end of the upward trend and the beginning of Bitcoin's correction at the Time Reversal Zone(TRZ=June 23 to August 4) .
In terms of Elliott Wave theory , Bitcoin appears to be completing the main wave 5 , as the main wave 3 was extended .
I expect Bitcoin to trend higher(+10%) in the coming weeks and create a new ATH . New ATH could be created in the Potential Reversal Zone(PRZ) and TRZ , and then we can wait for the start of the main correction .
What do you think about Bitcoin’s future movement? Can Bitcoin create a new ATH? When and at what price?
Note: If Bitcoin falls below $100,000, we should expect further declines.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), weekly 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 NEW UPDATE (4H)This analysis is an update of the analysis you see in the "Related publications" section
These days, Bitcoin's movement is mostly driven by liquidity hunting and is caught in complex and risky corrections.
The resistance zone currently in front of Bitcoin is marked in red. If the price is going to get rejected, it should happen from this zone. However, if this zone is broken and price stabilizes above it, Bitcoin could turn bullish again.
Considering today is Monday, volumes are still low, and the price is near a strong order block | you should be careful with your positions.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Bitcoin’s Reversal from Supports — Is the Correction Over? Bitcoin ( BINANCE:BTCUSDT ) moved as I expected in the previous idea , and it also reversed the decline I intended and started to rise from the Support zone($102,000-$107,120) , Support lines , and 50_SMA(Daily) .
Bitcoin is trading near the Resistance zone($104,380-$103,670) , Cumulative Short Liquidation Leverage($105,500-$105,265) , and Resistance lines .
In terms of Elliott Wave theory , it seems that Bitcoin has managed to complete the main wave Y . The main corrective structure was the Double Three Correction(WXY) . If the Resistance lines are broken , we can confirm the end of the main wave Y .
I expect Bitcoin to start rising after a re-correction from Cumulative Long Liquidations Leverage and reach the targets I have specified on the chart.
Cumulative Long Liquidation Leverage: $102,883-$102,181
Cumulative Long Liquidation Leverage: $101,318-$100,748
Note: If Bitcoin falls below $100,200(Worst Stop Loss(SL)), we should expect further declines.
Note: $105,500 is an important price for Bitcoin, and if Bitcoin can close the 4-hour candle above it, we can expect a break of the Heavy Resistance zone($104,380-$103,670)
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 NEW UPDATE (4H)After dropping toward the 100K zone and sweeping the liquidity pool, Bitcoin has made a strong rebound to the upside, putting high-leverage short positions at risk. However, it is now approaching a supply zone that could potentially push the price back down toward the 98K area.
If the market maker intends to drive the price lower and trigger a bearish scenario, this is the zone to do it from. Let’s see what happens.
A daily candle close above the invalidation level ($107,000) would invalidate this analysis.
Let’s see how Bitcoin reacts to the red box.
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
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