BTC-D
USDT.D UpdateByBit Hack & Tariffs
People blame the news, but the charts always tell the story. I didn’t expect us to break above that macro trendline again, but I was wrong. Many predicted this move—kudos to them (mentioned everyone on X)
I’m still long (bullish) but have both scenarios marked in case there’s weakness in the next relief bounce.
Look at the previous chart for more...
Bearish Breakdown Confirmed Below 92,800 – Next Targets in Play!Bitcoin (BTC/USD) Analysis – February 25, 2025
📉 Bearish Pressure Strengthens Below Key Levels
Bitcoin has failed to hold above 92,800, reinforcing a bearish breakdown scenario. The price is currently consolidating within the consolidation zone under the primary ascending channel, which has historically acted as strong resistance.
As mentioned in my previous analysis, Bitcoin was facing strong resistance at 103,757 and has now confirmed a breakdown below 92,800. If you missed the initial analysis, check it out here .
🔎 Technical Outlook:
Bearish Scenario: A daily close below 92,800 will confirm strong downward momentum toward 79K and 71K, which are key support levels. Breaking below 71,400 could lead to further decline, testing the demand zone near 65K and 50K.
Bullish Recovery: To regain bullish momentum, BTC must retest and stabilize above 92,800, targeting 103,757 (Key Resistance). Breaking this level could open the door for a retest of 109K (ATH of Jan 2025).
📊 Key Levels to Watch:
🔹 Resistance: 92,800 | 98,220 | 103,757
🔹 Pivot Zone: 92,800
🔹 Support: 85,000 | 79,579 | 71,400
📉 Directional Bias: BTC remains bearish below 92,800. If sellers push below 71,400, expect further downside.
🔥 What’s Next for BTC?
Will Bitcoin hold 92,800, or are we heading toward 79K next? Share your thoughts below! ⬇️🚀
shortI've been cautioning about a possible downturn ever since the market hit 100k last December. The market has been in a coiling phase, trapping many traders in the process. There's a strong chance Bitcoin might close below 90k today. From here, we could either see a sharp drop to around 75k, or a brief pullback to the 93-94k range before ultimately dropping to 74k.
BTC WILL got to 145k+ arround 24 march imo in 2021 we had a 30% drop to support levels as long as we stay above 81k bullmark is still intact
i see btc going to 145k+ end march, this is a big shakeout imo, bottom i dont know can be 89k can be 81k im bullisch mid term dont get shaking out,
things chance if we go below 80k then i think we are in a bearmarkt
btc schould hit 100k arround 3 march after the fake sol fud unlock pump event after imo
CYCLE 4 | LOG Trend Lines Chart - For Fun!Quick post looking at how BTC has historically respected 'log trend lines and how they may affect BTC future price action.
Will be fun to see how this model holds up over cycle 4 and future BTC cycles (view on a computer and use the future price action tools to see what happened past todays post date).
URUSDT: Oversold or Breaking Down? Decision Time!The Market at a Crossroads: Can URUSDT Hold the Line?
URUSDT is teetering at a critical juncture, trading at $0.002823, just a fraction above its all-time low of $0.002749, set only hours ago. With a staggering -96.54% decline from its absolute high of $0.08169, the market is flashing warning signals— but does this mean a final breakdown or an imminent reversal?
Momentum indicators paint a grim picture. RSI(14) at 21.2 suggests extreme oversold conditions, yet buyers remain hesitant. The MFI(60) at 31.06 indicates weak buying pressure, with no signs of immediate capital influx. Moreover, URUSDT remains well below its MA50 of $0.003751, showing no strength for a breakout just yet.
Adding to the uncertainty, recent pattern sequences show increased sell volumes dominating the order flow, particularly in the last 24 hours. The last notable VSA Buy Pattern failed to spark a lasting move, signaling hesitation among bulls.
So, what’s next? Will the market finally capitulate, or is this a once-in-a-lifetime entry point before a strong rebound? The next 24 hours are crucial— traders must watch if URUSDT can reclaim key resistance levels near $0.003357 - $0.003543, or risk another leg down.
This is the moment of truth. Are you ready for what comes next? 🚀📉
Roadmap: The Battle Between Bulls and Bears in URUSDT
Tracking recent price action in URUSDT, we've seen a high-stakes tug-of-war between buyers and sellers, with key volume spikes defining the trend. Let’s break down the roadmap based on confirmed pattern movements, filtering out the noise and focusing on the setups that played out as expected.
February 21, 19:00 UTC – VSA Buy Pattern Extra 1st (Bullish Confirmation!)
The first big signal came with a VSA Buy Pattern Extra 1st, suggesting a potential trend reversal after prolonged selling pressure. The pattern didn’t have a defined trigger point, but the immediate price movement confirmed bullish strength. URUSDT opened at $0.003991, closed slightly lower at $0.003949, but quickly climbed in the next bars, reaching $0.0041, aligning with the expected upward move.
February 21, 21:00 UTC – Increased Sell Volumes (Bearish Reversal Hits Hard!)
Just as bulls started to gain momentum, the market hit a wall with a Sell Volumes pattern. The price reacted aggressively, opening at $0.004068, closing at $0.003968, and testing a low of $0.003848. This confirmed the pattern’s bearish call, as the next bars saw URUSDT struggle to recover.
February 21, 22:00 UTC – VSA Buy Pattern 4 (A Fakeout or the Real Deal?)
The market attempted a bullish comeback with VSA Buy Pattern 4, a classic setup for large-range upward moves. Opening at $0.003968, the pattern suggested that price should hold above its low $0.003848 before pushing higher. The subsequent candle action validated the buy direction, with URUSDT climbing past $0.004004, hitting resistance at $0.004046.
February 22, 10:00 UTC – VSA Sell Pattern 2 (Bears Take Control Again!)
After the brief bull rally, sellers took back control. The VSA Sell Pattern 2 projected downward movement if price failed to hold above $0.004352. True to the script, URUSDT dropped from $0.004266 to $0.004215, signaling further downside pressure. This was a key validation of the bearish play.
February 22, 15:00 UTC – Buy Volumes Max (Short-Lived Bullish Breakout)
An influx of buy orders momentarily turned the tables, with a Buy Volumes Max pattern emerging. Opening at $0.004228, URUSDT soared to $0.004415. However, the failure to sustain above the high of $0.004432 indicated that bulls lacked follow-through, making this a temporary bounce rather than a trend shift.
February 22, 18:00 UTC – VSA Sell Pattern 1 (The Breakdown Begins!)
One of the strongest confirmations came with the VSA Sell Pattern 1, signaling a high-probability drop. URUSDT had a brief consolidation before falling from $0.004402 to $0.004316, with lows testing $0.00417. This reinforced the overall bearish momentum that had been building up since the Sell Volumes Max setup.
What’s Next? Key Takeaways
The roadmap reveals a market still favoring the bears, with every bullish attempt getting slammed by increased sell pressure. The next critical level to watch is whether URUSDT can hold above $0.002823, its current price floor. If bulls fail to defend this zone, we could be looking at another downward leg before any significant recovery.
Traders, are you ready for the next move? The market is setting up, and the next few days will tell whether URUSDT finds support or faces another sell-off. Stay sharp! 🚀📉
Technical & Price Action Analysis: Key Levels to Watch
Price is king, and levels don’t lie. URUSDT is trading at a make-or-break zone, and traders should have these key levels on their radar. If these supports don’t hold, they’ll flip into resistance—just like we’ve seen before in weak bounces. Let’s break it down:
Support Levels (If These Crack, They Become New Resistance!)
$0.002823 – The last line of defense, sitting right above the fresh absolute low of $0.002749. If this level collapses, the downside can get ugly fast.
$0.003357 – A mid-range pivot where buyers could step in. Lose this level? Expect it to be a tough wall for the bulls to break later.
$0.003543 – Another reaction zone; failure to hold means this turns into a major shorting area.
Resistance Levels (Bulls Need to Smash These to Flip Sentiment)
$0.003543 – First checkpoint for any relief rally; expect a fight here.
$0.004163 – Major level; a breakout could trigger FOMO, but rejection = more downside.
$0.004898 – If price gets here, momentum traders will start paying attention.
$0.006186 – The final boss. A reclaim of this level could mean trend reversal, but let’s not get ahead of ourselves.
Powerful Support Levels (The Ultimate Make-or-Break Zones)
$0.0079 – If price ever recovers here, it’s game-changing. Until then, just a dream.
$0.02335 – Long-term traders have this in sight for macro accumulation, but it’s far out of reach for now.
Powerful Resistance Levels (Untested but Crucial for Long-Term Trend Shifts)
No clear powerful resistance levels—why? Because price hasn’t been able to get off the floor. If any of the above resistance zones break, we’ll start identifying new supply areas up the chain.
Final Take
Right now, support is fragile, and resistance is strong—the worst combo for bulls. If these key levels don’t hold, expect them to become liquidity traps where sellers reload shorts. Stay disciplined, keep an eye on the order flow, and don’t chase fake breakouts. 🚀📉
Trading Strategies with Rays: Ride the Momentum Like a Pro
The VSA Rays mapped on the chart act as dynamic guide rails, shaping price movement with Fibonacci-based angles. These aren't static lines—rays adapt to new market conditions, forming high-probability trade zones where price is likely to react. Our job? Identify the reaction and catch the move from ray to ray.
Price will either reject or break through a ray, and once it starts moving, we trade from one key level to the next. Here’s how to play it smart:
Optimistic Scenario (Breakout & Momentum Play)
If URUSDT reclaims lost ground, key levels will start flipping bullish, allowing for trend continuation trades:
Entry at $0.003357 (First major resistance, potential ray interaction)
Target 1: $0.003543 (Next ray level, a solid take-profit zone)
Target 2: $0.004163 (If momentum sustains, a strong Fibonacci extension area)
Target 3: $0.004898 (Key resistance to watch, high R:R potential)
🔥 Confirmation: Look for a reaction at the 50-day MA ($0.003751). A breakout above confirms bullish bias.
Pessimistic Scenario (Fade the Rally & Short the Breakdown)
If the market fails to hold key support and gets rejected from resistance rays, we trade the downside:
Entry at $0.003357 (Short after a failed breakout)
Target 1: $0.002823 (The last meaningful support before collapse)
Target 2: $0.002749 (New absolute low, potential liquidity flush)
Target 3: $0.002500 (If sell pressure continues, extended short)
🔥 Confirmation: Watch for rejection off the 233-day MA ($0.004677)—if price gets slapped here, bears are in control.
Trade Opportunities Based on Ray Interactions
Ray to Ray Swing Trade: Enter after price interacts with a ray and confirms direction. Target the next ray in sequence.
Break & Retest Play: If price clears a major resistance ray, wait for the retest to enter long. If it fails to hold, fade the move.
Momentum Scalps: If price bounces hard off a support ray, grab quick profits at the next short-term resistance.
Liquidity Hunt Strategy: If price sweeps below $0.002749 and reclaims quickly, it’s a classic stop-run reversal—jump in long.
Final Take
URUSDT is a game of levels, and VSA rays are the navigation system. The strategy is simple—trade level to level, wait for confirmation, and ride momentum like a sniper, not a gambler. 🚀🔥
Alright, now it’s your turn—what’s your take on this setup? Drop your thoughts, questions, or alternative scenarios in the comments, and let’s break it all down together. Trading is all about learning, adapting, and spotting the right moves before they happen.
If this idea resonates with you, hit that Boost and save it to check back later—watch how price respects these levels and moves along the rays. This is the key to refining your entries and understanding where the real trades happen.
My indicator automatically maps out all the VSA Rays and levels in real-time, but it’s currently Private. If you’re interested in using it, send me a DM—we’ll figure something out.
Got a different asset you want analyzed? No problem! I can chart anything—some ideas I’ll share publicly, while others can be private if you prefer. If there’s a specific market you need mapped, Boost this post and drop a request in the comments—I’ll check it out when I can.
And of course, if you want more of this kind of deep-dive analysis, follow me here on TradingView—this is where all my setups go live. Let’s trade smart and make it happen. 🚀🔥
JAUCTIONUSDT Falling Wedge Pattern – 200%-220% Gains JAUCTIONUSDT is currently forming a Falling Wedge pattern, which suggests a potential breakout to the upside in the near future. A Falling Wedge pattern is typically considered a bullish reversal pattern, often occurring after a downtrend, where the price gradually narrows between two converging trendlines. This pattern indicates that the sellers' momentum is weakening, and buyers are starting to take control. Once the price breaks above the upper trendline, it could trigger a sharp upward move. With strong volume supporting this pattern, JAUCTIONUSDT could experience significant gains in the range of 200% to 220%+.
The good volume accompanying this Falling Wedge pattern is an important factor in confirming the validity of a potential breakout. Volume is crucial in ensuring that the price movement is supported by strong market participation. A breakout from a Falling Wedge typically attracts momentum traders, which can lead to a powerful rally. The growing investor interest in JAUCTIONUSDT further supports the likelihood of an upward price movement, and many traders are positioning themselves for the anticipated breakout.
As the price of JAUCTIONUSDT consolidates within the Falling Wedge, the chances of a breakout increase as the market reaches an inflection point. If the price breaks above the upper trendline with significant volume, the projected gains of 200% to 220%+ could be realized. The narrowing range within the pattern suggests that the market is ready for a decisive move, and if the breakout is sustained, the price could rise rapidly toward new highs. This makes JAUCTIONUSDT an exciting opportunity for those looking for high-reward setups.
Traders should keep a close eye on JAUCTIONUSDT as it nears the breakout point. A successful breakout from the Falling Wedge pattern could initiate a powerful price surge, offering substantial returns. With the current pattern, good volume, and increasing investor interest, JAUCTIONUSDT has the potential to deliver impressive gains in the near future.
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JUVUSDT: Descending Channel – 120%-130% Gains on Breakout!JUVUSDT is currently forming a Descending Channel pattern, and it is looking for a breakout in the near future. The Descending Channel is a bearish technical pattern where the price oscillates between parallel descending trendlines, indicating that the price is in a downtrend. However, the pattern often leads to a breakout to the upside once the price clears the upper resistance trendline. With strong volume backing the pattern, the breakout could signal the start of a major bullish move, potentially driving the price up by 120% to 130%+.
The good volume behind the Descending Channel formation shows that the market is actively watching this level. A breakout from a descending channel often leads to a sharp rally, as many traders will jump in once the price breaks through the upper resistance. The growing investor interest in JUVUSDT suggests that the market is becoming more optimistic about the potential upside. This increasing participation could fuel the breakout, pushing the price higher and leading to the anticipated 120% to 130%+ gain.
The potential for substantial gains in JUVUSDT becomes more apparent as the price nears the breakout point. The Descending Channel pattern is typically followed by a reversal, especially when the price breaks through the resistance and gains momentum. If JUVUSDT can maintain strength at these levels and break above the upper trendline of the channel, a bullish phase could begin, driving the price to new highs. With the increasing volume and investor interest, the projected 120% to 130%+ gain is within reach.
Traders should monitor the price closely as it approaches the resistance trendline, looking for confirmation of the breakout. A successful breakout above the Descending Channel could result in a swift upward movement, providing significant returns for those who position themselves ahead of the move. The combination of a clear technical setup, strong volume, and growing investor interest makes JUVUSDT a prime candidate for those seeking high-potential trades.
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24/02/25 Weekly outlookLast weeks high: $99,474.13
Last weeks low: $93,399.17
Midpoint: $96,436.65
Fear & Greed Index: 49
Despite dull price action there is never a dull moment in crypto... BYBIT exchange was the victim of the largest crypto hack in history with $1.4B worth of ETH being stolen.
How does this event relate to price? On the grand scheme of things not much, which is surprising but what this sell-off does in terms of structure could be much more harmful IMO. Just as ETH broke through a key S/R level of $2780 the hack occurred sending ETH back under that level and a market sell off due to fear and risking-off. Had Ethereum accepted above that key level structurally the setup looked primed for a move to $3200. Not only that but BTC has broken above weekly high and looked to flip the 4H 200 EMA. These levels are so important to both coins and the timing of the hack cannot be understated.
Looking at this weeks chart we find ourselves in the same spot for the 3rd week in a row, $96,000 has been the starting point and midpoint emphasizing the choppy nature of the market and compression of price. The question is which way will BTC expand once this trend breaks, to the upside or to the downside?
Bitcoin’s Wild Swings & Key Setups in Forex & Gold (#6)Bitcoin has been on a rollercoaster over the past few days, and I’m sure many of you have had your stop losses hit. Let’s break down the reasons behind this volatility and what’s next.
📊 BTC – Expanding Triangle = High Volatility
BTC was set to confirm an uptrend after breaking above $98,500, but then came the Bybit hack.
📌 What Happened?
🔻 On February 21, 2025, hackers stole $1.5 billion from Bybit’s Ethereum cold wallet.
🔻 Attributed to North Korea’s Lazarus Group, this triggered a market-wide sell-off.
🔻 BTC dropped, then settled into an expanding triangle.
📉 What’s important about this pattern?
Support & resistance levels lose significance.
Win rate drops, and volatility increases.
High probability of stop hunts & fakeouts.
🚨 My approach?
No trades inside the triangle.
Long above $97,987 (4H) or after first confirmed higher high & low.
Short below $95K (key support in 4H).
📊 DXY – Still in a Downtrend
DXY continues its price correction, as we anticipated in previous breakdowns.
📌 Bias: Still bearish in the short term unless we reclaim 107.391.
📉 Until then, I remain focused on setups favoring a weaker USD.
🟡 Gold (XAU/USD) – Strong Trend, but Watch for Weakness
Gold remains firmly in an uptrend, but some exhaustion signs are emerging.
📌 Trade Setup:
✅ Long Trigger (4H): Above 2945
❌ Stop Loss: Below 2916.42
📌 Key Reminder:
🔹 A trader’s mindset must be separate from an analyst’s mindset.
🔹 Follow your strategy, take trades, and accept stop losses without emotional bias.
🔹 I’ll be posting an in-depth article on this today.
📈 EUR/USD – Setting Up for a Major Trend Shift?
📌 Daily Timeframe:
EUR/USD has been in a strong downtrend but is now in a correction phase.
A shift in trend is possible if we get a daily close above 1.05217.
📌 4H Trade Setup:
✅ Long Entry: Above 1.05198
❌ Stop Loss: Below 1.04483
Final Thoughts
⚠ BTC is in a highly volatile phase – trade with caution.
⚠ DXY weakness favors long setups in EUR/USD and gold.
⚠ If you’re not using risk management, these setups may not be suitable for you.
⚠ Separate your trader mindset from your analyst mindset
I’m Skeptic —trade smart, stay profitable. See you tomorrow.
$SPY $SPX OLD CHART BAR PATTERN COVID CRASH NOW!!!!Holy crap.... I just came across an old chart and literally in the nick of timeI tell you. All I'm going to say is... I'm a pattern chart trader and this is the COVID bar pattern attached to our daily from like a year ago almost and I loaded up an old layout to do work and boom... here we are... Good LUCK ... Not sure what the trigger will be but we are here.
DXY Falling Below $106 - Cue AltSeason in March!The biggest shock to everyone is going to be the price of CRYPTOCAP:BTC going DOWN while ALTS skyrocket 🚀
As I have discussed in my macro thesis, the TVC:DXY is FINALLY breaking down on the Weekly along with the 10Y.
RSI has topped and Price broke below the WMA9 & 20.
Just waiting on the WMA9 to break below the WMA20 for final confirmation.
Historically when this happens...
it’s ALTSEASON BABY!!! 🥳
After this happened in March 2017,
BTC and ALTS pumped together,
then BTC went down 33% while ALTS exploded higher over a 3 week period before BTC rallied alongside again.
Bitcoin's Unbalanced move with the US electionsThe overall trend is still bullish, but the market needs to rebalance at $86,686 before it can push to new highs. Right now, the price action is not respecting bullish structure and is moving sideways in a consolidation phase.
The market does not move in a straight line. Every strong move needs to be balanced before continuing. The price left behind inefficiencies during the last expansion, and the market seeks to correct these before the next leg up. Liquidity is key. Right now, there is an imbalance that needs to be filled, and resting liquidity below must be taken before the market can resume its upward trend.
Smart money is not buying at current levels. They need better pricing and the market naturally moves to levels where institutional interest is highest. That level is around eighty-six thousand six hundred eighty-six, where a large amount of liquidity is positioned. The market is likely to dip into this level, take out weak-handed buyers, and trap sellers before pushing higher.
A ten percent drop from here would bring the price into that area, where real accumulation can take place. Until then, any short-term rallies are likely to be liquidity grabs rather than true continuation.
Please do not forget that this is a daily chart and we can see more liquidity grabs before reaching the target. This is an idea and nothing in the future is certain. With unexpected news we can see unexpected moves.
COINBASE:BTCUSD INDEX:BTCUSD BINANCE:BTCUSD KRAKEN:BTCUSD BINANCE:BTCUSDT BINANCE:BTCUSDT28H2025
BTCUSD Daily Inflection Point UpdatePreviously I mentioned the weekly was consolidating, but there is potential for this momentum consolidation to have a breakout leg as momentum shifts and the final emotional price movements are played out. I was too conservative in my price projections; a lot more than I used to be- but there wasn't a whole lot of TA involved- I figured the dollar issues would crop up earlier.
Now that the Fed had pivoted. the yields are creeping back up pushing bitcoin back down. The fed doesn't let on just how dire the situation is- and with global tensions rising, the dollar is at significant risk.
I expect a broad correction in all the markets- and cash to become very tight.
There is daily momentum consolidation- and if any other events occur that send yields upward- bitcoin is likely to suffer as a consequence. If instead we sail into the new year unscathed- then this consolidation may provide another leg up; but a break below 88k and a push towards 60k may solidify bitcoins correction.
DAILY
WEEKLY
The New Baseline: Bitcoin Is Going Higher (New 2025 ATH #s)Good afternoon my friend, we have a new baseline.
Bitcoin has been consolidating above 90K for three months. We are about to move higher. Bitcoin is set to move higher, much higher in the coming weeks and days. Whenever there is a drop, the strongest support ever will be found around $90,000 and $94,000. Bitcoin will never move below/lower than this range. This is our new baseline.
The next advance is here now but still not yet present on the chart.
The ByBit hack was a major event and yet, the market is so strong that Bitcoin bottomed around 95K. This after the biggest hack in the history of the Cryptocurrency market. This confirms that sellers have no force, the bulls are strong and ready to buy-everything. The bulls have been accumulating and will continue to accumulate long-term. This is it.
A common question goes as follows, "When can I buy Bitcoin?"
"Can I buy now?"
The price to buy Bitcoin for long-term holders, spot traders and accumulators is within the $90,000 and $100,000 price range. We still have one or two more days left to go but it seems $90,000 is now something of the past, impossible to buy Bitcoin at this price. It is gone. It is not available anymore. Think long-term.
We are entering a new bull-market. A major bullish-wave within an already very strong bullish phase. Bull-bullish-bullish in short.
The lowest level after 17-December 2024 peak price stands at $89,268 on a wick. The lowest close $92,541.
Starting 18-November 2024, Bitcoin has never closed below $90,000 and it is likely that Bitcoin will never, ever, visit this level again.
After the bull-market bull-run and bullish phase the bear-market the follows is likely to bottom higher, but this is still too far away.
The new All-Time High in 2025 is not set in stone, it has not been decided. All the numbers I've been sharing is all speculation. The market can go for longer and higher than anything we expect, it is truly unpredictable. It cannot go lower though. We know for sure that Bitcoin will not peak below 150K. We have a minimum range of 160,000 to 180,000 with 200,000 also possible and who knows... Cryptocurrency is new and young.
I just wanted to tell you that you can rest easy because the best is yet to come.
We are only getting started. We are about to experience long-term growth. It will be the most profitable and most exciting we've seen in years. Everything is about to speed up.
Give it time. Now, buy and hold.
We are on the verge of incredible change.
Positive change. This is the evolution of finance.
You are in the right place at the right time.
Imagine the Internet, but on steroids. That's BTC.
Namaste.
BRIEFING Week #8 : Risk-Off move this weekHere's your weekly update ! Brought to you each weekend with years of track-record history..
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BTC/USDT: Breaking Free from a Descending Broadening WedgePattern Breakdown:
Descending Broadening Wedge:
Characterized by lower highs (LH) and lower lows (LL), this pattern reflects increasing volatility and a potential exhaustion of selling pressure.
Historically, these patterns often resolve to the upside as buyers reclaim control.
--------------------------------------
Current Structure:
BTC has bounced from the lower boundary of the wedge, showing signs of a bullish reversal.
The price action aligns well with the theoretical breakout strategy depicted in the diagram, highlighting a high-probability long setup.
--------------------------------------
Key Levels to Watch:
Immediate Resistance: The upper boundary of the wedge around $98,000 serves as the first hurdle.
Breakout Target: A successful breakout above $98,000 could push BTC toward the highlighted supply zone at $101,200-$102,000.
Support Levels: Critical support rests near $93,500, where bulls need to maintain control to preserve the bullish outlook.
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Momentum Indicators:
Volume: A noticeable decline during the wedge's formation suggests consolidation, often preceding a strong breakout.
Relative Strength Index (RSI): The RSI is turning upward from oversold levels, signaling increasing buying pressure.
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Trade Setup:
Entry: Watch for a confirmed breakout above $98,000.
Targets: The first target lies at $101,200, with the potential for further upside toward $105,000 if momentum sustains.
Stop Loss: A break below $93,500 invalidates the bullish scenario.
BTC New Update (4H)This analysis is an update to the analysis you can see below in the "Related Analyses" section.
Bitcoin remains bearish in our view.
After sweeping the marked liquidity pool on the chart, it made a bullish move, but the overall trend is still bearish.
From the marked area, it can move toward the demand zone lower on the chart.
A daily candle closing above the invalidation level will invalidate this analysis.
Do not enter the position without capital management and stop setting
Comment if you have any questions
thank you