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BITCOIN PREDICTION - MASSIVE CANDLE INCOMING!!! (WARNING) Watch this Bitcoin Prediction video now, you will love it! Yello, Paradisers! Big warning sign: #Bitcoin is about to liquidate more traders soon if we get these confirmations that I'm sharing with you in this video. Loads of people will get wrecked again. Be careful not to get trapped into fakeouts. In this video, I'm describing exactly what I'm seeing on Bitcoin, what patterns I'm waiting to form, and what confirmations I want to see before being able to say with 100% accuracy guaranteed that MARKETSCOM:BITCOIN is moving in that direction. I'm sharing with you all the important targets and also how professional trading works: how risk-reward proper ratio trading works, and how high-probability trading depends a lot on how you choose to create your trades. Watch this Bitcoin prediction to understand what I'm seeing right now on the chart and how I'm acting and making my decisions.
Short
by MyCryptoParadise
6
BTC /USDT : Getting support from FVG BTC Support from FVG - Bullish & Bearish Scenarios: Bullish Scenario: BTC is holding support from the FVG. As long as BTC stays above this zone, the market remains bullish. A bounce here could lead to further upside. Bearish Scenario: If BTC breaks below the FVG, it signals a potential downtrend. A breakdown may lead to more pain and further declines in the market. Tips: 1. Wait for Confirmation: Look for a clear candle close above/below FVG for validation. 2. Risk Management: Set stops near the FVG to manage potential losses. 3. Monitor Volume: Strong volume during support retests increases bullish potential. 4. Stay Flexible: Be prepared for a market shift if BTC breaks the FVG support.
by CryptoPRIME_1855
Why Bitcoin's Bull Run Hits a WallBitcoin's Bull Run Hits a Wall: A Deep Dive into the $115K Correction, Record Leverage, and the Battle for Market Control A sudden and violent tremor has shaken the cryptocurrency market to its core. After a period of quiet range-bound trading, Bitcoin has decisively moved from consolidation to a sharp correction, plunging below the critical $116,000 support level and briefly touching $115,000. The abrupt downturn triggered a "bloodbath for crypto longs," liquidating hundreds of thousands of traders and wiping out nearly $600 million in leveraged positions. Yet, as the dust settles, a complex and contradictory picture emerges. While institutional sell-offs and cascading liquidations paint a grim short-term picture, record-high open interest, significant liquidity grabs, and bullish on-chain signals suggest the long-term uptrend may be far from over. This article delves into the anatomy of the crash, the forces that fueled it, and the fierce battle between bearish catalysts and bullish undercurrents that will define Bitcoin's next move. Part 1: The Anatomy of the Correction - From Sideways to Sell-Off For weeks, Bitcoin's price action was characterized by consolidation, a phase where an asset trades within a defined range, reflecting market indecisiveness. After a strong upward trend that pushed Bitcoin to new highs above $120,000, this period of sideways movement was seen by many as a healthy pause before the next leg up. However, this placid surface masked building pressure. The transition from this consolidation phase to a full-blown correction was swift and brutal. A market correction is defined as a rapid price change, often a decline of at least 10% but less severe than a crash, that disrupts an asset's prevailing trend. The recent tumble below $116,000 fits this description perfectly. The sell-off was not a gradual slide but a violent dislocation, breaking through established support levels and triggering a wave of panic. This dramatic shift was exacerbated by several key factors. On-chain data revealed that a significant institutional player, Galaxy Digital, unleashed a massive sell-off, reportedly moving billions in Bitcoin to exchanges. This sudden injection of supply into the market acted as a powerful catalyst, overwhelming buy-side pressure and initiating the downward price spiral. The market's reaction was immediate, with the price slicing through the psychological support at $116,000 and heading towards the next major liquidity zone around $115,000. Part 2: The Cascade - A $600 Million Bloodbath for Leveraged Traders The speed of the price drop had a devastating impact on the derivatives market, a space where traders use borrowed funds to amplify their bets on price movements. The sudden downturn resulted in one of the most significant liquidation events in recent memory, with 213,729 traders liquidated for a total of nearly $600 million over a 24-hour period. What is a Liquidation? In crypto futures trading, liquidation is the forced closure of a trader's position by an exchange. This happens when a trader can no longer meet the margin requirements for their leveraged position, meaning their collateral is insufficient to cover their mounting losses. For example, a trader using 20x leverage on a $1,000 position controls $20,000 worth of Bitcoin. However, a mere 5% price move against them can wipe out their entire initial capital, triggering a liquidation. The recent event was a "bloodbath for crypto longs," meaning traders who had bet on the price of Bitcoin increasing were the primary victims. As the price fell, these long positions became unprofitable, and once they crossed their liquidation price, exchanges automatically sold the collateral on the open market to cover the losses. This process created a deadly feedback loop known as a liquidation cascade. The first wave of forced selling from liquidated longs added more downward pressure on the price. This, in turn, pushed the price down further, triggering the liquidation of another set of long positions whose liquidation prices were slightly lower. This domino effect—where liquidations cause lower prices, which in turn cause more liquidations—is what transforms a standard price dip into a violent market crash. This automated, rapid chain reaction is a hallmark of the highly leveraged and volatile crypto markets. Part 3: The Fuel for the Fire - Open Interest Reaches a Record $44 Billion Underpinning this massive liquidation event was an unprecedented buildup of leverage in the market, best measured by a metric called Open Interest (OI). Open Interest represents the total number of active or unsettled futures contracts in the market. It’s a measure of the total capital and number of positions committed to the derivatives market, distinct from trading volume, which counts both opened and closed positions. An increase in OI signifies that new money and new positions are entering the market, often leading to higher volatility. In a stunning development, as Bitcoin's price began to plunge, the total Open Interest surged to a new all-time high of $44 billion. This unusual divergence—where price falls while open interest rises—suggested that a significant number of new short positions were being opened to bet against the market, while many longs remained trapped, hoping for a reversal. This created a powder keg of leverage. Further fueling this was a notable surge on the world's largest crypto exchange. On-chain data showed that traders added 10,000 Bitcoin worth of open interest to the BTCUSDT perpetual contract on Binance alone. This single-day surge in open interest on a key trading pair signaled a massive influx of speculative capital. High open interest acts as fuel for volatility. With so many leveraged contracts open, any sharp price movement can trigger the kind of cascading liquidations that were just witnessed. The record-breaking $44 billion in open positions meant the market was more susceptible than ever to a violent deleveraging event. Part 4: The Big Players - A Tale of Two Whales The recent market turmoil cannot be fully understood without examining the actions of its largest participants: the whales and institutions. Their movements often create the initial waves that retail traders are forced to navigate. On the bearish side, the primary catalyst for the sell-off appears to be Galaxy Digital. The digital asset financial services firm was observed moving tens of thousands of Bitcoin, worth billions of dollars, to centralized exchanges. These flows were reportedly part of a larger liquidation of holdings from a dormant "Satoshi-era" whale, with Galaxy acting as the intermediary to facilitate the sale. By strategically offloading such a massive amount, even if through over-the-counter (OTC) desks to minimize initial impact, the sheer volume of sell pressure eventually spilled into the public markets, triggering the correction. The firm's subsequent withdrawal of over a billion dollars in stablecoins from exchanges further suggests a large-scale profit-taking or strategic de-risking maneuver. However, this institutional selling pressure is contrasted by a powerful bullish undercurrent. Even as the market reeled, other large players were making bold, long-term bets. Reports surfaced of a significant whale bet on Bitcoin reaching a staggering $200,000 by the end of the year. This dichotomy highlights the deep division in market sentiment. While some large entities are taking profits or repositioning, others view this correction as a prime accumulation opportunity, demonstrating unwavering conviction in Bitcoin's long-term trajectory. This clash of titans—the institutional seller and the long-term bullish whale—defines the current market structure. The price is caught in a tug-of-war between immediate, heavy supply and deep-pocketed, long-term demand. Part 5: Reading the Tea Leaves - A Healthy Reset or the Start of a Bear Market? While the headlines scream "bloodbath" and "crash," a deeper analysis of market mechanics and on-chain data offers a more nuanced perspective. Several key indicators suggest that this brutal pullback, while painful, may be a healthy reset rather than the beginning of a sustained bear market. Argument 1: The Pullback Remains Within Normal Volatility Range Bitcoin is notoriously volatile, and sharp corrections are a historical feature of its bull markets. Drawdowns of 30-40% have been common pit stops during previous bull runs. While a drop from over $120,000 to $115,000 is significant, analysts point out that such moves are not out of character for the asset. Historically, major cycle-ending bear markets have seen drawdowns exceeding 75-80%. In contrast, mid-cycle corrections serve to wipe out excess leverage, shake out weak hands, and build a more sustainable foundation for future growth. This event, though severe for leveraged traders, may fall into the category of a standard, albeit sharp, bull market correction. Argument 2: A Necessary Liquidity Grab Sophisticated market analysis suggests the plunge below $115,000 was a textbook liquidity grab. This is a maneuver, often initiated by large players or "smart money," where the price is intentionally pushed to a level where a high concentration of stop-loss and liquidation orders are known to exist. By triggering these sell orders, large buyers can absorb the resulting liquidity to fill their own large positions at more favorable prices before reversing the market direction. The area just below a key psychological level like $115,000 is a prime location for such a maneuver. The rapid dip followed by a stabilization could indicate that this was not a panic-driven crash, but a calculated move to hunt liquidity before the next leg up. Argument 3: Bullish Signals from Spot Markets and On-Chain Data While the derivatives market was in turmoil, other indicators flashed bullish signals. One analyst pointed to a strong correlation between surges in Binance's spot trading volume and subsequent price upswings. Recently, Binance's share of the spot market volume surged significantly, a move that has historically preceded rallies. High spot volume indicates genuine buying and selling activity, as opposed to the paper bets of the futures market, and can signal strong underlying demand. Furthermore, key on-chain metrics suggest the long-term bullish scenario remains intact. Analysts highlighted that Bitcoin's price found support near the "Realized Price" for short-term holders, indicating that recent buyers were not panic-selling in large numbers. Other metrics, such as those showing that major long-term holders are retaining their assets despite record prices, paint a picture of underlying market strength that contrasts with the short-term speculative chaos. Conclusion: A Market at a Crossroads The dramatic plunge to $115,000 was a multifaceted event, a perfect storm of institutional profit-taking, extreme leverage, and the brutal mechanics of the crypto derivatives market. For the over-leveraged trader, it was a catastrophe. For the long-term investor, it may have been a fleeting opportunity. The market now stands at a critical juncture, defined by conflicting forces. On one hand, the specter of institutional selling, exemplified by the Galaxy Digital offload, looms large. The record-high open interest, though slightly diminished after the liquidations, still represents a significant amount of leverage that could fuel further volatility. On the other hand, the arguments for a bullish continuation are compelling. The idea that the crash was a calculated liquidity grab, the historical precedent for sharp bull market corrections, the strength in spot market volumes, and the conviction of long-term holders all suggest that the core uptrend is resilient. The whale betting on a $200,000 price by year-end serves as a potent symbol of this underlying confidence. The coming weeks will be crucial in determining which of these forces will prevail. The battle between the short-term pressures of deleveraging and the long-term thesis of accumulation will be fought in the charts and on the blockchain. While the bloodbath for longs served as a stark reminder of the perils of leverage, it may have also been the violent, necessary purge required to cleanse the market and pave the way for a more sustainable ascent.
OKX:BTCUSD
by bryandowningqln
BTC-----Sell around 118000, target 116500 areaTechnical analysis of BTC contract on July 25: Today, the large-cycle daily level closed with a small negative line yesterday, and the K-line pattern continued to fall. Although the price is at a high level, the attached indicator is dead cross. The current big trend is falling. From the overall trend and the trend law, the pullback is not strong. Instead of breaking the high, the decline is strong and continuous. Then the trend is also slowly changing. The key support position below is 115700 area, which is the position to pay attention to today and next week; the short-cycle hourly chart currently has a continuous negative K-line pattern, the price is below the moving average, and the attached indicator is dead cross. The continuation of the intraday decline is a high probability trend, and whether the European session can continue to break the previous low is the key. The current short-term resistance position is in the 118000 area. Today's BTC short-term contract trading strategy: Sell at the 118000 area of the pullback, stop loss at the 1118500 area, and target the 116500 area;
Short
by NicolaZhu
Accumulate BTC over 115K💎 BTC PLAN UPDATE (July 23rd) NOTABLE NEWS ABOUT BTC Bitcoin (BTC) and Ripple (XRP) are approaching their all-time highs, while Ethereum (ETH) continues to grow steadily toward the important $4,000 mark. These top three cryptocurrencies by market capitalization are showing signs of a new bullish momentum, supported by strong technical structures and increasing investor interest. TECHNICAL ANALYSIS PERSPECTIVE 1. Main Trend The overall trend remains bullish, with a clearly rising price channel (black diagonal line). However, BTC is currently in a short-term correction phase, consolidating sideways after the recent strong surge. 2. Key Price Levels 🔵 Strong Support Zone: 116,000 – 117,000 USDT This zone includes the 200-day moving average (MA200), horizontal support, and a previous bottom — making it a decisive area for the short-term trend. If this zone breaks, BTC could fall to a deeper support area around 111,000 USDT. 🔴 Resistance Zone: 122,000 – 123,000 USDT This is a previous peak and a recently “false breakout” area — a strong psychological resistance. If broken convincingly, BTC could surge to the 130,000 USDT zone (Fibonacci extension 1.618). 3. Possible Scenarios ✅ Bullish Scenario: Price retests the 116,000 – 117,000 support zone and then bounces. If it breaks through the 122K resistance, the next target is 130,000 USDT. ❌ Bearish Scenario: If price breaks below MA200 and the 116K support zone → it could drop to the deeper zone around 111,000 USDT. 4. Technical Signals There is a triangle accumulation pattern (with flat tops and bottoms). The “false breakout” at the resistance zone shows that buyers are not yet strong enough and a retest of support is needed. Follow the channel for the latest and continuous updates on XAUUSD, CURRENCIES, and BTC.
Long
by Nova-Scalper
2
BTCUSD (Bitcoin) Buy Setup – VSA & Market Structure Analysis✅ Entry: As marked on chart 🎯 Take Profit 1 (TP1): Highlighted zone on chart 🎯 Take Profit 2 (TP2): Highlighted zone on chart 🛑 Stop Loss (SL): Defined below recent demand zone 📊 Technical Insight (VSA & Market Structure): The recent decline into the support zone occurred on diminishing volume, indicating a lack of selling pressure. A climactic volume spike (stopping volume) followed by a wide spread bullish candle suggests strong professional buying activity. Subsequent bars show narrow range candles with low volume, characteristic of an absorption phase, hinting at smart money accumulation. Price is now attempting to break above the previous minor resistance, which would confirm demand overcoming supply. The broader market structure aligns with this setup: Bitcoin is in a higher timeframe accumulation range, and this move could initiate a markup phase as per Wyckoff/VSA principles. 📍 As long as price holds above the stop loss zone, we expect a bullish leg towards TP1 and TP2, in line with the emerging demand dominance.
Long
by coolbouy
2
BTC-----Sell around 118100, target 116500 areaTechnical analysis of BTC contract on July 22: Today, the large-cycle daily level closed with a small positive cross yesterday, and the price was below the moving average. The attached indicator was dead cross. The general trend is currently biased towards a downward trend. From the overall trend, we can see that the current trend is consistent and strong, but there is no room for rebound, and the continuous sluggish trend is also quite obvious, so the idea of selling down in the future market has become the main idea; the short-cycle hourly chart showed that the US market fell and rebounded yesterday, and the pressure continued to fall and broke down in the morning, and the correction high was near the 118000 area. The current K-line pattern is a single positive line. According to the trend rule, if the decline continues today, the rebound strength cannot be large, and the high point of the US market correction is resistance. Today's BTC short-term contract trading strategy: Sell at the current price of 118100, stop loss at 118500, and target 116500;
Short
by NicolaZhu
BTCUSDT BEARISH LONG CHART ANALYSIS📉 BTCUSDT – Bearish Setup in Play (1H) Bitcoin faces rejection near 119500 resistance and is currently trading around 117000. If price breaks below 115000, bearish momentum may extend toward the 112000 target zone. 🔸 Resistance: 119500 🔸 Support Zone: 115000 🔸 Bearish Target: 112000 Structure remains weak unless buyers reclaim 119500. Watch price action closely. --- 📌 This analysis is for educational purposes only. Trade safe and manage risk properly.
by Fx_Huzzy
Bitcoin Trading Update: Consolidation, Patterns, and What's NextHey Fellow Traders! 👋 Bitcoin (BTC) has been on a wild ride after hitting its all-time high (ATH)! 📈 Since then, it’s been consolidating, generating liquidity, and setting the stage for the next big move. Meanwhile, altcoins are absolutely booming, stealing the spotlight! 💥 As we kick off the week, let’s dive into what’s happening with BTC and what to watch for. 📊 Technical Analysis Breakdown Here’s what I’m seeing on the charts: Head and Shoulders Pattern: A clear head and shoulders has formed on BTC, signaling a potential bearish move. 🐻 Daily Timeframe Order Blocks: These are in play, showing key levels of support and resistance. Filled Fair Value Gap (FVG): A recent FVG on the daily chart has been filled, but there’s still a beautiful 4H FVG waiting to be tested below. Liquidity Sweep: After the ATH, BTC needs to clear the liquidity from the past few days before it can push for new highs. 🔍 What’s Next for BTC? I’m expecting a bearish reaction in the near term, with BTC targeting the sell-side liquidity around $115,800. This move should also fill the 4H FVG, setting the stage for a potential bounce and another shot at the ATH. 🚪 Keep an eye on these levels, as they’ll be critical for the next big move! 🔔 Stay in the Loop! Let’s keep the conversation going! 💬 Follow for more updates, like if you found this helpful, and drop a comment with your thoughts or what you’re seeing in the markets. Are you trading BTC or riding the altcoin wave? Let’s hear it! 👇 Happy trading, and let’s make this week count! 💪 #Crypto #Bitcoin #Trading #TechnicalAnalysis
Short
by Mr_Masab
Capital Doesnt Lie - The Energy ProblemPart 1: THE ENERGY PROBLEM Everything we do produces energy, even prayer. If you have ever felt tired after praying for someone, that's because you spent energy and made an effort; let's call that energy 'capital' . Capital begins with effort, whether you see it or not. The problem is: how do we use it or store it? Imagine that energy as an invisible ball growing in front of your head. Every time you work and think, you're growing that invisible energy ball of capital. So, how do you get it in your hands? You can plant a cucumber, craft a chair, or clean your house. It's your order, attention, time- all energy made visible in the house, stored in the cucumber or the chair. Genesis 3:19 'By the sweat of your face you shall eat bread…' Verse Comment: It doesn't say 'by luck' or 'by inheritance.' It says by sweat. That's energy. That's effort. That's the value produced. Proverbs 14:23 'All hard work brings a profit, but mere talk leads only to poverty.' Verse Comment: Effort always creates something. Even spiritual labor, such as intercession, leadership, and parenting, is a form of value creation. But here's the issue. That cucumber plant? It goes bad. That chair? It breaks. That clean house? Dirty again in 24 hours." Everything we do has a cost; it's not free. Energy fades unless you can find a way to store it longer than the life of the thing you created. So if everything fades, the big question becomes: How do you store the surplus of your energy, (the part you don't need today) so it doesn't fade by tomorrow?" That's the foundation of all capital. Of all value. And of all wealth. And it starts with understanding where your energy is going, and what it's pouring into.
COINBASE:BTCUSDEducation
by Masterolive
BTC Double QML Setup: Is Another Drop Loading?Hello guys! Do you remember the last analysis? Now this BTC chart shows a textbook example of two consecutive QML (Quasimodo Level) patterns forming (QML1 and QML2), each confirmed by clean engulfed lows. QML1 caused a strong drop after the high was broken and a new low formed. Price retraced and created QML2, again with a confirmed engulfed low (engulfed2). We're now likely to see a reaction at the QML2 supply zone. If price respects this second QML zone, we could see another bearish move toward the 116k zone, possibly lower.
Short
by melikatrader94
8
LAST BTC PUSH? Dear Community, in order to expand my skills analysis, I will regularly share my analyses and ideas here on TradingView. I still consider myself a beginner in the “stock market” and “crypto” area and am therefore very much looking forward to your comments and input! My primary assumption is that we are still in a final upward move. However, I am also pursuing alternative scenarios that could lead to significantly higher levels. BTC analysis - 1H chart In my analysis, wave (3) in yellow is complete and we are currently in wave (4) correction, which may not be complete yet. My guess: - Wave B (yellow) has been completed, wave C has extended and could still reach USD 113 679, where the Fibonacci 100 level is located. There is also an FVG in the 1H chart. - A retest of the blue trend channel would be quite possible in order to pick up liquidity at this level before wave 5 (yellow) is completed between USD 126,887 and USD 130,000. - My risk management is down to USD 107,326 (Fibonacci 1.866). - We have already tested the Fibonacci 0.5 level (pullback level) and seen a positive reaction. However, we currently lack volume in the market. - If the blue channel and the Fibonacci 100% level break, I have to assume an alternative count. In this case, wave 4 would still have scope to reach the Fibonacci 61.8% level in the yellow box at USD 112,062. If my current forecast does not materialize, I assume that we have already completed wave A and are in the correction to wave B, which will be followed by wave C - with a target of around USD 130,000 for the final impulse. This scenario also fits in well with risk management up to the Fibonacci level of 1.866. There are also high liquidity areas (long) at this level, which are very attractive for market makers. What do you think?
COINBASE:BTCUSDLong
by Jorgebatista8twcp
2
Bitcoin (BTC/USD) 1H Technical Analysis – Breakout in ProgressBitcoin is showing bullish intent after breaking above a descending trendline resistance on the 1-hour chart. The breakout occurred with decent bullish momentum, suggesting buyers are regaining control in the short term. 📈 Chart Observations: Descending Trendline Broken: Price has successfully broken above a well-respected descending trendline, which acted as resistance over the past few sessions. This breakout may signal a shift in short-term market structure. Support Zone: The marked support zone around $115,000 continues to act as a critical demand area. Price has rebounded multiple times from this zone, reinforcing its significance. Current Price Action: BTC is currently trading near $119,800, just under the round-level resistance of $120,000. A clean hourly close above this level could open room for further bullish continuation. 📊 Key Levels: Resistance: $120,000 (Psychological level) Immediate Support: $118,000 Major Support Zone: $115,000–$114,000 📉 Bearish Scenario: If BTC fails to hold above the broken trendline and slips back below $118,000, a revisit of the support zone near $115,000 becomes likely. Bears may step in again if the price fails to sustain higher highs. ✅ Conclusion: BTC is showing potential for a short-term bullish reversal after breaking out of its descending pattern. Traders should monitor for confirmation through price continuation above $120,000. However, a cautious approach is advised near resistance levels, and invalidation below $118,000 could favor sellers once again.
BITSTAMP:BTCUSDShort
by Tyson_Veric
2
BTC-----Buy around 118000, target 120000 areaTechnical analysis of BTC contract on July 18: Today, the large-cycle daily level closed with a small positive line yesterday, the K-line pattern continued to rise, the price was above the moving average, and the attached indicator was golden cross and running with shrinking volume. The large-scale upward trend is still very obvious. After the previous strong performance, there was a short-term shock correction trend. According to the current trend rules, it is a correction and a trend of market demand. The trend has not changed; the short-term hourly chart yesterday's European session price support rebound, the current K-line pattern continued to rise and the attached indicator was golden cross, so we still have to look at the continuation of the break in the day and the European session. The moving average support position is 120,000 area; the high point is near 121,000 area. Today's BTC short-term contract trading strategy: Buy in the 118,000 area, stop loss in the 117,000 area, target the 121,000 area, break the position and look at the 121,500 area;
by NicolaZhu
BTC sideways above 115k💎 BTC PLAN UPDATE (July 17) NOTABLE NEWS ABOUT BTC Bitcoin Price Forecast: BTC Recovers as Trump Steps In to Revive Crypto Legislation Momentum Bitcoin (BTC) saw a mild recovery, trading around $119,000 at the time of writing on Wednesday, after falling nearly 2% the previous day. This rebound followed an announcement by U.S. President Donald Trump on Wednesday morning, stating that the GENIUS Act is ready to be passed by the House during the legislative “Crypto Week”, sparking optimism in the crypto market. Furthermore, institutional demand continues to grow, with spot Bitcoin ETFs recording over $400 million in inflows on Tuesday, extending the growth streak since July 2. TECHNICAL ANALYSIS 🧠 Pattern Overview: The chart clearly displays an Elliott Wave pattern (1) → (2) → (3) → (4) → (5) along with Fibonacci Retracement and Extension levels, helping to identify potential support and resistance zones. 1. Elliott Waves: Wave (3) was completed around the $122,144 zone and the market is currently in the corrective wave (4). Wave (5) is expected to move upward with targets at: • 1.618 Fibonacci Extension: ~$127,404 • Or further: ~$130,747 2. Support Zone (grey area below): Located around $115,000 – $116,000, which is: • The 0.5 – 0.618 retracement of Wave (3) • Aligned with the EMA200 and dotted black trendline support. If the price falls into this area, it’s highly likely to bounce back and form Wave (5). 3. Danger Zone if Broken: If this support fails, price may fall deeper to: • $113,200 (0.786 retracement), • Or even lower: $111,600 – $111,800 4. Potential Scenarios: Two main outcomes: • Continued Uptrend: Price bounces from the support zone and heads toward $127,000 – $130,000 • Breakdown: If the support breaks, a deeper decline may occur, breaking the wave structure. Follow the channel for continuous and up-to-date analysis on XAUUSD, CURRENCIES, and BTC.
Long
by Nova-Scalper
1