I'm Bullish, but... BTC / USDHello my friends,
At a minimum we're looking at 30 days inside this wedge before breaking out and testing the $96k range once again. Trust me, Bitcoin must form a bullish structure before doing anything interesting.
It could wick to FWB:73K but I'm thinking the heavy orders around $75k might hold and we range instead of dumping more.
Keep an eye on this wedge.
Trade thirsty, my friends!
Btc!
BTC - Slight Distribution After Nearly 10xMorning my fellow traders, and happy new year!
I hope you do not have a hangover right now. But if you do, get a tea going, it usually does the trick for me!
I can't deny the possibilities for another rally to take out the highs, but I'm thinking what the market makers are planning is a simple inverted Adam & Eve pattern that will lead us to new opportunities within the next month or so.
Keep in mind that for sometime now Alts have not been giving, and I believe that after this next Alt season (which I believe we will still get), they will keep giving less and less.
I sold near $100k for probably a couple weeks now. Did not get a perfect $108k sale, which is fine. Now I'll focus on a reentry if this plays out.
Trade thirsty, my friends!
Patience Friends...Howdy again,
As much as the 2.5% is coming we must have patience. It looks like it wants to tough the resistance trend lines once again before actually losing this support here. It also is a double bottom on the weekly which is pretty hard to break, but once it does, not only btc, but the whole market will explode.
Trade thirsty!
P.S: I'll put this as SHORT even though you should LONG usdt and SHORT the market.
Pullback to 80KMorning folks,
So, our long-term bearish journey that we were following for 4-5 weeks comes to an end. BTC more or less hit our 74K target and strong weekly support area .
The next one stands around 69K, but market strongly needs a new driving factor to break ~70K support area, and hardly this will happen this week.
Taking in consideration that market is oversold, now we set a tactical target- pullback to 80K resistance area , and then we will see, should be sell again or not.
Will BITCOIN prove to be resilient amidst this market crash??Bitcoin (BTCUSD) just hit its 1W MA50 (red trend-line) for the first time since September 06 2024, while completing the first 1D Death Cross since August 09 2024. This is a critical double combo development as last time those conditions emerged it was a bullish signal.
Despite the theoretically bearish nature of the Death Cross, the last one on 1D was formed just four days after the market's previous major long-term bottom of August 05 2024. That bottom was exactly on the level that the market hit today, the 1W MA50.
The 1W RSI sequences among the 2 fractals are identical and if it wasn't for the abysmal negative market fundamentals regarding the back-and-forth tariffs, that would be an automatic long-term buy entry, the 3rd on of this Bull Cycle.
The only condition we can technically rely on right now, amidst the stock market crash, is for the weekly candle to close above the 1W MA50, as it did on August 05 2024. In that case and of course if and only if the trade war gets under control (and/ or the Fed makes an urgent rate cut), we can expect a new long-term Bullish Leg to begin towards $150k and above.
Failure to address those concerns and a 1W candle close below the 1W MA50, can result into a stronger sell-off towards $50000 and the next long-term technical Support level of the August 05 2024 Low (49150). That would also be a major Support cluster as the 1W MA200 (gray trend-line) is just below that level (and holding since October 16 2023) and by the time of the drop, the market may test that as well.
So what do you think? Will BTC turn out to be resilient amidst this market crash or will it follow suit and decline towards $50k? Feel free to let us know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Where can Bitcoin turn bullish again? (2D)Before anything, pay attention to the timeframe of the analysis. This is a 2-day timeframe, so it will take time.
The green zone is where Bitcoin can start moving toward the specified targets. If the ATH is broken, Bitcoin could also move toward $120K and $140K. However, based on the chart, there is currently no certainty about Bitcoin’s final target.
Reaching the green zone may take more than 4 to 5 weeks.
We are looking for buy/long positions in the green zone.
A daily candle close below the invalidation level will 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 is at a decision point.I would not be surprised if Bitcoin started correction waves from the Fibonacci 1.618 point.
RSI also looks weak.
Less likely, correction waves may begin after Fibonacci rises to 2.618 levels.
Harmonic patterns often target Fibonacci 1.618 levels.
Trump has had a major impact on the world economy and politics recently. This impact has also affected the crypto markets. Therefore, it makes sense to revise our analysis.
* What i share here is not an investment advice. Please do your own research before investing in any digital asset.
* Never take my personal opinions as investment advice, you may lose all your money.
DOGE is approaching my POI, where we can look for spot/longs DOGE is quickly approaching the 3D HOB at 0.12 and 2M Demand at 0.15, which would be a fantastic RR opportunity if in confluence with BTC and TOTAL.
All the information, such as TP, short, and supply, is provided in the chart.
Mark those key levels and keep an eye on them :)
BTC/USDT 4H Chart Update. Current Price: ~$78,336
BTC has broken below the symmetrical triangle and is testing the key horizontal support between $78,424 and $79,183.
A wick is visible below the support, but the candle closed within the area, indicating a potential fakeout or demand absorption.
Resistance (downtrend line): ~$85,500
Support Zones:
Primary: $78,424
Secondary: $79,183
Immediate Resistance: $82,000 – $83,000 (recent breakdown zone)
Outlook & Scenarios:
Bullish Reversal Scenario (Green Arrow):
The green arrow projection suggests a potential bounce from this demand zone.
If BTC reclaims $80K+ with strong momentum, it could aim for the descending trendline near $85K.
A bullish confirmation would be a 4H candle close above $80.5K–$81K.
Bearish continuation (if support fails):
If the price fails to hold this support zone, the next downside targets could be:
$76,000
$73,500
Sentiment factor:
The previous sentiment (Fear & Greed Index: 28 – Fear) reflects ongoing market caution.
Price action near key support in the fear zone could trigger a short squeeze or panic sell-off, depending on volume and reaction.
Summary:
BTC is at crucial support, and unless volume confirms a deeper breakdown, the bounce is likely to be short-lived.
Moving back above $80K would signal that bulls are regaining control.
Want any strategy ideas for trading this setup?
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
Thanks for your support!
DYOR. NFA
$BTC Inverse Head and Shoulders Finally FormedAnd just like that, the Death Cross has formed the right shoulder for the Inverse H & S idea I formed on March 14th
We may sit a bit more downside to retest the 50WMA at $76k for confirmation
If we get a V-shaped recovery tomorrow, this very well could be the bottom for CRYPTOCAP:BTC
NASDAQ, S&P 500 and CoinMarketCap movements, Bitcoin chart
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
We need to check the movement after a new candle is created.
USDT, USDC should gap up to know that funds have flowed into the coin market.
On the other hand, if there is a gap down, I think funds have flowed out of the coin market.
Therefore, I think USDT or USDC are showing the size and flow of funds in the coin market.
-
(BTC.D 1M chart)
If BTC dominance is maintained above 62.47 or continues to rise, altcoins are likely to show a large decline.
Therefore, in order for an altcoin bull market to begin, it must fall below 55.01 and remain there or continue to decline.
-
(USDT.D 1M chart)
USDT is a fund that has a large influence on the coin market.
Therefore, if USDT dominance rises, it means that the coin market is likely to show an overall decline.
On the other hand, if it falls, it can be interpreted that the coin market is likely to show an overall rise.
In order for the coin market to start an upward trend, it must fall below 4.97 and remain there or continue to decline.
In particular, if the Fibonacci ratio rises above 0.618, the coin market is likely to plummet.
If it remains above the Fibonacci ratio of 0.618, it is likely to rise to around 7.14.
-------------------------------------------
(NAS100USD 12M chart)
It has currently entered the most important support and resistance zone.
-
(1W chart)
Therefore, the maximum decline point is expected to be around 14922.2.
In order to continue the uptrend, the price must be maintained above the M-Signal indicator on the 1M chart.
Therefore, the key is whether it can receive support near the most important support and resistance zone and rise above the M-Signal indicator on the 1M chart.
---------------------------------------------
(SPX500USD 1W chart)
The key is whether it can be supported around 4773.4-4846.1 and rise above the M-Signal indicator on the 1M chart.
If not, the maximum decline is expected to be around 3875.1-4116.0.
---------------------------------------------
(BTCUSDT 1M chart)
As I mentioned before, since the dotted trend line (1) is not acting as a clear trend line, there is a high possibility of volatility.
Therefore, when the StochRSI indicator creates a peak in the oversold zone and rises this time, there is a possibility that a trend will be formed as a trend line between lows is created.
However, the high-point trend line and the low-point trend line must be formed in the same direction.
In other words, since the current high-point trend line is creating an upward trend line, the low-point trend line that will be created this time must also create an upward trend line.
In that sense, the 69000-73199.86 section can be seen as an important support and resistance section.
If it falls below 69000, it is likely to touch the Fibonacci ratio section of 0.886 (56227.18) ~ 1 (61338.93), which was the previous high point section.
-
(1D chart)
On the last day of this volatility period, it fell below the upward trend line (2), showing a large decline.
Since it fell below the downward trend line, there is a possibility that it will continue to fall further.
At this time, the key is whether it can rise with support near 73499.86.
The next volatility period is around April 25 (April 24-26).
The point of interest is whether the price is maintained near 73499.86 or 89294.25 after the next volatility period.
-
The 73499.86 point is the HA-High indicator point on the 1M chart.
The M-Signal indicator on the 1M chart is rising to around 73499.86.
Therefore, if support is confirmed near the M-Signal indicator on the 1M chart, I think it is an aggressive buying period.
If it falls below the M-Signal indicator on the 1M chart, it is a buying period until it rises again and supports near the M-Signal indicator on the 1M chart.
The next time to buy is when it shows support near the Fibonacci ratio range of 0.886 (56227.18) ~ 1 (61338.93) that I mentioned in the 1M chart explanation.
-
Thank you for reading to the end.
I hope you have a successful trade.
--------------------------------------------------
- This is an explanation of the big picture.
I used TradingView's INDEX chart to check the entire range of BTC.
I rewrote the previous chart to update it while touching the Fibonacci ratio range of 1.902 (101875.70) ~ 2 (106275.10).
(Previous BTCUSD 12M chart)
Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015.
That is, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend.
Accordingly, the uptrend is expected to continue until 2025.
-
(Current BTCUSD 12M chart)
Based on the currently written Fibonacci ratio, it is displayed up to 3.618 (178910.15).
It is expected that it will not fall again below the Fibonacci ratio of 0.618 (44234.54).
(BTCUSDT 12M chart)
Based on the BTCUSDT chart, I think it is around 42283.58.
-
I will explain it again with the BTCUSD chart.
The Fibonacci ratio ranges marked in the green boxes, 1.902 (101875.70) ~ 2 (106275.10) and 3 (151166.97) ~ 3.14 (157451.83), are expected to be important support and resistance ranges.
In other words, it seems likely that they will act as volume profile ranges.
Therefore, in order to break through these ranges upward, I think the point to watch is whether they can receive support and rise near the Fibonacci ratios of 1.618 (89126.41) and 2.618 (134018.28).
Therefore, the maximum rising range in 2025 is expected to be the 3 (151166.97) ~ 3.14 (157451.83) range.
In order to do that, we need to see if it is supported and rises near 2.618 (134018.28).
If it falls after the bull market in 2025, we don't know how far it will fall, but based on the previous decline, we expect it to fall by about -60% to -70%.
Therefore, if it starts to fall near the Fibonacci ratio 3.14 (157451.83), it seems likely that it will fall to around Fibonacci 0.618 (44234.54).
I will explain more details when the bear market starts.
------------------------------------------------------
LTCUSD Litecoin OH NO TARIFFS! Everyone SELL NOW!The market reacted to the tariffs negatively as expected. I don't think these tariffs will last long. Countries will cave and remove their tariffs. Bottom line is they need us more than we need them. Once global free and easier trade starts you're going to see a boom cycle like never before. This is the bottom and the beginning of the biggest bull run you'll ever see. I don't get involved in politics but this move that Trump made with the tariffs is going to be a major positive for the USA and the world moving forward. This isnt 1929, we live in a much more advanced world now. Collapses and depressions are a thing of the past in my opinion.
As for Litecoin I see it coming down to test around $70 dollars by the middle of April. This is also timed almost perfectly to the 2017 run Litecoin had, coincidentally trump was starting his first term in 2017 as well. Also timed perfectly to when tax day is over for USA.
Many have capitulated and sold everything thinking a giant recession is coming, or a war, or a collapse, or aliens, or you name it people are scared of their own shadows lately. Like a plague of Grackles where one gets spooked and the whole lot of them get scared and take off when they dont even know why. This is how the markets work though, most will make the wrong decision so the few who made the right decision can profit from their mistakes. Once the market starts to run again those who sold will think its just a fake pump or dead cat bounce and wont buy in. Then the market will continue to rise and rise and finally when its near an all time high those who capitulated and sold early will fomo back in and buy the top to provide liquidity for those who were called crazy for buying the bottom. Its a cycle thats been happening since markets started.
So Im sticking with my predictions for Litecoin, I am not falling for this bear trap crap. Im doubling down. This is not financial advice. This is just my opinion.
BTC – Restabilization after this massive drop?Market Context:
BTC has broken below a key support level, indicating potential for continued downside. Price is currently retracing after a sharp sell-off, but the overall structure remains bearish unless significant levels are reclaimed.
Technical Overview:
- The previous support zone has been broken, turning it into potential resistance.
- Price is now entering a lower Fair Value Gap (FVG), which could serve as a reaction zone.
- A larger FVG higher up, aligning with the 0.618–0.65 Fibonacci retracement zone, presents a more significant area to watch for a possible reversal.
Scenario:
Price may retrace into the lower FVG and continue pushing up toward the premium FVG zone. This area coincides with the 0.618–0.65 Fib levels, where a shift in momentum or bearish confirmation could trigger a move lower.
Key Points:
- A potential rejection could occur from the premium FVG zone.
- If an Inverse Fair Value Gap (IFVG) forms in that area, it would support a short setup.
- Alternatively, if price prints a lower low before reaching the upper FVG, that would also open up short opportunities.
- Patience is key—wait for structure to align or a momentum shift before considering entries.
Outlook:
The bias remains bearish unless the structure is reclaimed decisively. Current price action suggests the retracement is corrective, and the next impulse may resume the downtrend once premium levels are met.
BTC Dominance – Are We Near the true Altseason?BTC Dominance – Are We Near the Altseason?
BTC dominance has been rising recently, and many believe the real altseason will begin once BTC.D reaches 71%, just like in the previous cycle.
However, it might happen sooner than expected.
On the 1W timeframe, several signs are flashing:
RSI is showing a bearish divergence that’s about to play out.
Since January 2023, the MACD has been in overbought territory.
Each time RSI peaked above 70%, we saw a rejection of 8–10%. It's currently at 68% and nearing that level again.
On December 2nd, 2024, the structure was broken, but it has since re-entered its rising channel.
🔗
On the Daily chart:
BTC.D is approaching its cycle peak around 65%, which should act as a resistance and potential reversal point.
Since the structure was already broken once, another downside break is highly probable.
🔗
On the Monthly chart, it’s pretty clear we’re nearing the end of the BTC dominance cycle, and a rotation of capital is likely to follow soon.
Now, there are 2 possible scenarios:
Altseason starts at 65% in this cycle.
Altseason starts again at 71%, mirroring the previous cycle.
When you look at the Monthly chart, it’s easy to see that this cycle is different. With an overbought RSI, and a potential break of structure, a long-awaited MACD correction could be the trigger for the real altseason.
🚨 DYOR (Do Your Own Research) 🚨
BTCUSDT – Short Setup Brewing at FVG with IFVG ConfirmationMarket Context:
Bitcoin (BTC) continues its retracement phase following a sharp decline, now approaching a high-probability reaction zone. Price is climbing back toward a previously identified Fair Value Gap (FVG), positioned within the premium Fibonacci retracement levels, suggesting a potential area for distribution and bearish continuation.
Technical Breakdown:
- Price bounced off a well-defined support zone, beginning a recovery toward the 0.618–0.65 Fibonacci zone, where the FVG exists.
- An additional Inverse Fair Value Gap (IFVG) has now formed just beneath the FVG zone, creating a dual-layer of imbalance—offering even more potential confluence for a reversal.
- A short position idea is highlighted with a trigger condition: **“If the gap inverses, possible short entry”**—meaning traders are looking for the IFVG to act as resistance following the FVG reaction.
Price Behavior & Trade Setup:
The green path illustrates the anticipated move higher into the FVG zone, likely grabbing liquidity above recent highs. Should price tap this supply zone and then reject into the IFVG, it would present an ideal scenario for a short entry confirmation.
Key Considerations:
- The presence of both FVG and IFVG increases the likelihood of strong resistance forming in this region.
- Rejection at this level would imply smart money distribution, and a renewed bearish leg could develop.
- Patience is key here—entry should only be considered if the IFVG confirms its role as resistance following the sweep into FVG.
Conclusion:
BTC is in a critical retracement phase, and the overlapping FVG and IFVG zones mark a high-confluence area to watch. If price shows weakness after filling the gap, it sets up a clean short opportunity targeting a return to lower support levels. Until that bearish confirmation appears, bulls still have short-term control, but risk is growing as price approaches imbalance zones.
Bitcoin: 76K Test Watch For Reversal.Bitcoin has broken the 81,500 minor support and is now in the process of testing the recent swing low 78K to 76K AREA. With the lower high structure at the 88K area (see arrow) in place, a lower low is likely to follow in the coming week. The question is how much lower? One reasonable estimate is a test of 73K (the previous all time high before November). The current area between 79 and 76K does present a buying opportunity on multiple time horizons (investment, swing trades, day trades) but the key to timing this WAITING for confirmation.
From the investing perspective, this is an attractive low because this may establish a reversal formation (double bottom) which may be the bottom of Wave 4. IF this turns out to be true, Wave 5 can potentially begin here. Price can probe as far as 64K before overlapping with Wave 1 of this impulse. Stepping into this our placing a limit order at a lower price is reasonable, but managing risk on this time horizon has a lot to do with your sizing strategy (I have explained this on many streams). Keep in mind price can BREAK and test 73K or lower and you must consider that possibility into your sizing strategy.
As far as swing trades, its the same idea except this is where a defined risk (stop) and profit objective has to be assigned (Trade Scanner Pro shines here). While the level is ideal for a double bottom or failed low (see illustration), there is NO confirmation. So it is still highly risky to step into this, especially in light of the stock market situation, etc. Wait for a bullish pin bar, engulfing candle, etc. You can define risk from there and utilize at least a 2:1 or greater profit objective.
For day trades, its the same process just on smaller time frames, (1 min to 15 min). Just on the day trade time frame, at this time, SHORTS can still be attractive on minor retracements because momentum on these time frames is CLEARLY bearish. If 79K breaks, there is a greater chance momentum continues toward the 76K AREA low.
I realize there must be some news catalyst in play to spark such a move. DO NOT react to the news, this is often a mistake. It doesn't matter what it is because this is a game of recognizing herd mentality behavior and identifying potential opportunities in this context. You want to anticipate an inflection point, WAIT for price behavior to confirm. At that point you can identify risk, and profit expectations. THIS is a MORE objective process compared to "thinking" you know how the news will affect a market. Keep decision making as simple as the "IF this, then that" framework which gives you a more accurate view of market intent since it encourages a more passive view rather than asserting your own irrelevant opinions.
Thank you for considering my analysis and perspective.
Secure profits of SHORTAbsolutely — let’s dig in **properly** now. You’re right: the **last active signal is SHORT**, not long, and that **matters a lot** right now. Let me break this down with full precision and give you exactly what’s happening, why it matters, and what **smart money and miners might be scheming** right now.
---
## 🔥 **BitcoinMF PRO Market Analysis – April 6, 2025**
**Chart: BTCUSDT (1D) | Bybit | BitcoinMF PRO ver 2.4 + Fisher + Linear Regression + Error Bands**
---
### 📍 **1. Most Recent Signal: SHORT**
- ✅ **Last BitcoinMF PRO Signal:** **Short**
- 🎯 Entry was likely between **$84,000–$86,000**
- 📉 Current Price: **$79,723**
- ✅ **Trade is in Profit**
- 📛 But here’s the catch: **price is sitting just above the LR channel bottom** and **volume is drying up** — **do NOT get greedy here.**
---
## 💣 Why It’s **CRUCIAL to Secure Profits Now**
We're bouncing **near the lower band of the long-term Linear Regression (LR) channel**, which has:
- 🔹 Rejected price in mid-2023 (as resistance)
- ✅ Caught price cleanly in **Nov 2023**, **Jan 2024**, and **March 2025**
This level is not just “technical fluff” — it’s where **smart money buys** and **weak shorts get wrecked** if they overstay.
🧠 **Bottom Line:** If you're short from $84K+, you're already +5–6%. Secure partials, trail your SL, or exit. **Smart money doesn’t wait for a full reversal to stop them out.**
---
## 📉 **Fisher Transform Analysis (Bottom Indicator)**
- 🟦 Current Fisher Signal: Crossing upward
- 🔻 Fisher Level: **Oversold**
- 📊 Qualitative Reading: **Super Low**
➡️ This means momentum **is already shifting**, and a **bounce** is becoming increasingly likely. It’s not an entry zone for fresh shorts — it's where you **prepare for a bullish fakeout or reversal**.
---
## 📏 Linear Regression Channel (Macro Bull Trend Still Intact)
- Price **hasn’t broken below** the long-term LR channel.
- This is a **critical inflection zone**.
- A decisive break below $76,600 would flip **macro trend structure** bearish.
So unless you believe we’re entering **a full bear cycle**, this is the **lowest-probability area to initiate fresh shorts.**
---
### ⚒️ **MINERS: Strategy Watch**
Here’s where it gets interesting. With **Trump’s new proposed tariffs on China and crypto hardware components**, miners are under pressure:
#### 🇺🇸 Trump’s Tariff Impact:
- New **25% import duties** on mining rigs, ASICs, and cooling units could:
- Inflate **capex costs** for American miners
- Force miners to **shift operations overseas** or **delay hardware upgrades**
#### 🧠 What Smart Miners May Do Now:
1. **Dump some BTC here** to shore up liquidity before summer tariffs take effect.
2. Use **OTC desks** to sell without crashing market.
3. **Pause major expansions** → reduce network hash → reduce mining difficulty → short-term pressure release on price.
💥 Miners selling **just before key support zones** (like where we are now) often triggers short traps → **fueling bounces**.
---
## 🔮 Fibonacci Zone Breakdown
| Level | Type |
|--------------|-----------|
| $102,148 | Major Resistance (1.618 ext) |
| $96,190 | Heavy Supply |
| $91,082 | Pre-breakdown Zone |
| $85,000 | Immediate Resistance |
| **$78,314** | ⚠️ Stop Loss Zone |
| $76,687 | LR Bottom Support |
| $71,739 | Max Drawdown Zone |
| $69,967 | Flash Crash Catch |
We’re hovering **right above $78,314–$76,687** → this is **liquidity magnet territory**.
---
## 🐋 Whale Activity & Volume Psychology
- 📉 Volume = Decreasing
- 🧠 Smart money never sells heavy near the bottom of trend channels.
- Likely outcome: **Sideways compression → fake breakdown → bounce → liquidity sweep**
Contrarians are already scaling into **early longs** with tight SLs below $76K.
---
## ✅ Market Setup Summary
| Aspect | Status / Insight |
|---------------------------|--------------------------------------------------|
| 🟢 Signal | ✅ **Short** (Active, Profitable) |
| 🎯 Fisher | Oversold → **Reversal Zone** |
| 📉 Volume | Declining = Potential Bear Trap |
| 📏 LR Channel | Testing Macro Bull Support |
| 🪓 Trump Tariffs | Pressuring Miners → Strategic Sell Risk |
| 💰 Miners | May hedge or dump here before tariff damage |
---
## 🤖 Most Probable Move: Bounce or Fake Breakdown
📊 **Probability Rating:** **6.5/10 for Bullish Reversal**
(Bounce or sideways grind before decision at $76.6K)
**Why?**
- Profitable short signals
- Oversold Fisher
- Near LR support
- Shrinking volume
- Potential miner hedge flows
for more checks links in profile.
BITCOIN → The price is consolidating, but there is a BUT!BINANCE:BTCUSDT is forming a consolidation after a false breakout of trend resistance. Against the backdrop of the global market crash (stock market, futures, forex) bitcoin looks quite strong, but I wouldn't get excited ahead of time
Bitcoin is trading inside a downtrend and also inside a range (global 81200 - 88800 and local 81200 - 85600). As long as the price is inside the local range and below trend resistance it is worth considering selling. There have been periods in history when the price seemed strong in the moment, but then, bitcoin caught up with the fall of indices...
The fundamental background for bitcoin is unstable:
First of all, the price has hardly reacted in any way to the introduction of tariffs, backlash and economic data. The Fed is not giving a clear signal, the market is in uncertainty. Any info noise ( China, Fed rhetoric, company reports ) can cause shake-ups. But at the same time, the same old problems remain: the crypto community is not getting any support. Bitcoin's dominance is growing against the backdrop of its decline. Altcoins continue to storm the bottom.
Technically , the situation is weak, the price cannot update local highs and consolidate above any strong support. It is possible to retest the trend resistance, or the zone of interest 85590 before the reversal and fall. Or, emphasis on the trigger 81187. A breakdown will provoke an impulse.
Resistance levels: trend, 85585, 88840.
Support levels: 81187, 78170, 73500
Buying in the medium term can be considered either after reaching the main target - 73-66K, or after the exit from the descending channel and price fixation above 88840. Now the emphasis is on a possible fall either from the resistance 85580, or when the support 81180 is broken
Regards R. Linda!