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Btcusdanalysis

Bitcoin Update - Correction of an Error Made in my Last VideoThis is just a quick update to correct an error I made in my last video. I stated that when viewing the monthly Bitcoin chart with the Stochastic RSI indicator, a drop below the 20 level signaled that the peak had been set for the market cycle. This is true for every market cycle except the 2021 market cycle with the double top. During the summer of 2021, the Stochastic RSI indicator dropped slightly below the 20 level but then recovered to move back above the 20 level during the push higher to the second peak.
INDEX:BTCUSD
by Bigsky_Crypto
(BTC/USDT) Analysis: Supply Zone Rejection & Potential Drop to SSupply Zone (~85,296 - 84,835): The price has reached a supply zone, which is acting as resistance. A rejection from this area could push BTC down. Support Zone (~82,260 - 81,977): This is a demand area where buyers might step in if the price declines. Indicators: EMA 30 (Red Line - 83,553.82): Short-term trend indicator. EMA 200 (Blue Line - 83,743.52): Long-term trend indicator, currently above the price, indicating potential resistance. Price Action & Prediction: The price has touched the supply zone and is showing signs of rejection. The blue projected path suggests a potential pullback followed by a drop toward the support zone (~82,260). If price breaks below the support zone, further downside could be expected. Potential Trade Idea: Short Setup: If rejection at the supply zone continues, a short position could target the 82,260 support zone. Long Setup: If price reaches the support zone and shows bullish reactions, a long position could aim for a rebound toward resistance.
Short
by EA_GOLD_MAN_COPY_TRADE
1
Bitcoin (BTC/USD) – Bearish Rejection from Supply ZoneThis chart represents a technical analysis of Bitcoin (BTC/USD) on the daily timeframe, highlighting key levels of resistance, support, and potential price movement. It indicates a bearish rejection from a supply zone, which suggests that BTC may experience further downside pressure. Key Components of the Chart: 📌 1. All-Time High (ATH) + Resistance Zone (~$110,000 - $115,000) This is the highest price level Bitcoin has ever reached on this chart. It acts as a strong resistance zone, meaning sellers are likely to step in if the price approaches this level again. 📌 2. Supply Zone (~$88,000 - $90,000) The supply zone is an area where selling pressure is high. BTC attempted to break above this zone but got rejected, leading to a sharp decline. This rejection confirms that bears are in control, pushing the price downward. 📌 3. Stop Loss (~$95,629) This level represents the point where a bearish trade would be invalidated. If BTC breaks above this level, it could indicate a shift in momentum toward bullish territory. 📌 4. Current Price Action (~$83,444) BTC is currently trading below the supply zone, showing weakness. The recent lower high formation suggests a continuation of the downtrend. 📌 5. Take Profit (TP) Level (~$65,969) This is the target level for a potential bearish move. The $65,969 level has acted as major support in the past, meaning buyers may step in here. If BTC reaches this level, it could either bounce back up or break lower, leading to further downside movement. 📌 6. Major Support Level (~$45,000 - $50,000) If BTC breaks below the $65,969 support, the next major support zone is around $45,000 - $50,000. This area is historically significant and could provide a strong buying opportunity. Trade Plan & Strategy: 🔴 Bearish Bias: The rejection from the supply zone signals a continuation of the downtrend. A short position can be considered if BTC fails to break above the supply zone again. 🎯 Trade Setup: Entry: Around $85,000 - $88,000 (if BTC retests the supply zone and gets rejected again). Stop Loss: Above $95,629 to protect against an unexpected bullish breakout. Take Profit (TP): Around $65,969, targeting the next major support level. Conclusion: BTC is showing signs of a bearish continuation, with strong resistance at the supply zone. A potential move toward $65,969 is likely if selling pressure continues. If BTC breaks below this key level, a further decline toward $45,000 - $50,000 could happen. ⚠️ Disclaimer : This is not financial advice. Always conduct your own research before making trading decisions. 🚀📉
BITSTAMP:BTCUSDShort
by GoldMasterTrades
$9.4M Bitcoin Short Squeeze and its Market ImplicationsThe volatile nature of the cryptocurrency market is a well-established fact, but the sheer scale of some trades can still send ripples across the entire ecosystem. Recently, a Bitcoin whale executed a masterful maneuver, closing a $516 million short position with a staggering 40x leverage, pocketing a cool $9.4 million profit in just eight days. This event, occurring shortly after a lower-than-expected Consumer Price Index (CPI) reading, highlights the intricate interplay between macroeconomic indicators, market sentiment, and the strategic actions of large players. The whale's decision to close the short position immediately following the CPI release is particularly noteworthy. The lower-than-expected inflation figure signaled a potential easing of monetary inflation concerns, a development that is generally viewed favorably by Bitcoin investors. This optimistic signal likely triggered a shift in market sentiment, prompting the whale to capitalize on the impending price surge. The use of 40x leverage amplified both the potential gains and the risks associated with the trade. While it allowed the whale to generate a substantial profit in a short period, it also exposed them to significant losses if the market had moved against their position. This high-risk, high-reward strategy is characteristic of whale activity, where large players leverage their capital and market insights to execute impactful trades. The timing of the trade also underscores the importance of macroeconomic indicators in shaping Bitcoin's price trajectory. The CPI reading, a key measure of inflation, directly influences monetary policy decisions by central banks. Lower inflation can lead to a more dovish stance, potentially resulting in lower interest rates and increased liquidity, both of which are conducive to asset price appreciation, including Bitcoin. Interestingly, Tuesday has emerged as Bitcoin's most volatile day in 2025.2 This heightened volatility can be attributed to the release of key economic data, including the CPI, as well as the influence of global economic trends. Market participants anticipate increased activity on Tuesdays, making it a crucial day for traders and investors to monitor market developments. Despite the recent correction, Bitcoin's long-term outlook remains a subject of intense debate. While some analysts believe the bull run is over, citing on-chain metrics and expecting up to 12 months of bearish or sideways price action, others maintain a more optimistic perspective, predicting a potential rally to over $200,000. The recent whale trade, coupled with the resumption of Bitcoin accumulation after three months of distribution, suggests that underlying demand for Bitcoin remains strong.3 This accumulation, particularly by long-term holders, can act as a stabilizing force, mitigating the impact of short-term price fluctuations.4 The "Bitcoin Price Prediction 2025: BTC Eyes Breakout, But Sellers Still In Control" sentiment accurately reflects the current market dynamics. While the potential for a breakout remains, the presence of significant selling pressure cannot be ignored. The interplay between bullish and bearish forces will continue to shape Bitcoin's price trajectory in the coming months. The notion that the "Bitcoin bull cycle is over" is supported by some on-chain data, which can reveal information about investor behavior and market trends. However, interpreting on-chain metrics requires a nuanced understanding of the underlying data and its limitations. While these metrics can provide valuable insights, they should not be the sole basis for investment decisions. Bitcoin's resilience in the face of market corrections is a testament to its growing adoption and acceptance as a mainstream asset. Despite the current correction, the cryptocurrency's ability to outperform global assets post-Trump election further reinforces its potential as a long-term investment. The whale's $9.4 million profit is a reminder of the potential for substantial gains in the cryptocurrency market. However, it also highlights the inherent risks associated with high-leverage trading. Investors should exercise caution and conduct thorough research before engaging in such strategies. In conclusion, the Bitcoin whale's strategic short squeeze and the subsequent market reactions underscore the complex interplay of factors influencing Bitcoin's price. Macroeconomic indicators, market sentiment, and the actions of large players all contribute to the cryptocurrency's volatile nature.5 While the long-term outlook remains uncertain, the resumption of Bitcoin accumulation and the potential for a breakout suggest that the market is far from stagnant. Investors should remain vigilant, closely monitoring market developments and adapting their strategies accordingly. The story of the whale's successful trade is a potent reminder of the fortunes that can be made, and lost, in the dynamic world of cryptocurrency.
BITSTAMP:BTCUSD
by bryandowningqln
The Opportunity of The Year: A Perfect Long Entry on BTC ?Bitcoin’s recent pullback to $76K has sparked concerns among traders, but for those following Elliott Wave 2.0, this correction is nothing more than a textbook WXYXZ retracement after a powerful 1-2-3-4-5 impulse wave. Wave Structure: A Perfect Setup for the Next Move Wave 1 began around $50K, kicking off the strong uptrend. Wave 5 peaked at $107K, completing the impulsive move. The current decline to $76K aligns perfectly with a wave-2-style correction, which is essential before the next leg up. WXYXZ Correction: The Smart Money Entry Zone In Elliott Wave 2.0, A WXYXZ correction is a natural and necessary part of market cycles. This isn’t a sign of weakness—it’s a cooldown before the next explosive run. The Next Leg Up: Preparing for Wave 5 According to Elliott Wave 2.0, the cool gains come from Wave 5, which follows a WXYXZ correction. With Bitcoin cooling off at key Fibonacci levels, the next move could send it past $140K+ in the coming months. With Institutional demand remains high, and spot Bitcoin ETFs continuously absorbing supply. The halving effect is still in play, historically driving BTC to new highs post-event. Smart money isn’t panicking—they’re accumulating. This correction isn’t a crash, it’s a reset before the next parabolic wave. 🚀
Long
by SabahEquityResearch
5
Unpacking the Bitcoin-Gold Correlation and its Current Dynamics The narrative of Bitcoin as "digital gold" has gained significant traction, fueled by its perceived scarcity, decentralized nature, and potential as a hedge against economic uncertainty. Recent market movements, particularly the surge in gold prices and the subsequent, albeit delayed, reaction in Bitcoin, have brought this correlation into sharp focus. While the relationship isn't always perfectly synchronized, the underlying dynamics suggest a fascinating interplay between these two assets. Gold's recent climb to an all-time high is largely attributed to escalating geopolitical tensions, particularly the resurgence of tariff war concerns. In times of uncertainty, investors often flock to traditional safe-haven assets like gold, seeking stability and protection against inflation. This surge in gold prices has naturally sparked renewed interest in Bitcoin, which, despite its volatility, is increasingly viewed as a viable alternative store of value. However, the correlation isn't a simple, immediate mirroring of price movements. There's often a noticeable delay, with gold leading the way and Bitcoin following suit. This lag can be attributed to several factors. Firstly, gold's established status as a safe-haven asset gives it a head start in attracting investor capital during times of crisis. Secondly, Bitcoin's relatively nascent market is more susceptible to speculation and sentiment-driven fluctuations, which can introduce delays and variations in its price response.1 Currently, Bitcoin is navigating a period of consolidation, trading within a narrow range of $82.3k to $84.5k.2 This consolidation follows a "sell-the-news" event, likely related to a major market catalyst that failed to meet overly optimistic expectations. Consequently, Bitcoin is facing significant bearish pressure, evidenced by the accumulation of short positions. The pattern breakdowns observed by analysts further reinforce this bearish sentiment, suggesting a potential retest of the $78k support level. Despite these challenges, the renewed interest in Bitcoin, driven by gold's surge, offers a glimmer of hope for a potential rebound. The "digital gold" narrative is gaining momentum, particularly among younger investors who are more comfortable with the digital asset landscape. If Bitcoin can successfully decouple from the immediate bearish pressures and capitalize on the broader trend of safe-haven asset allocation, it could witness a significant recovery. However, several factors could impede this recovery. The significant short positions indicate a strong bearish sentiment, which could lead to further price declines if not countered by substantial buying pressure. Moreover, Bitcoin's inherent volatility remains a significant risk factor. Sudden market events or regulatory changes could trigger sharp price swings, disrupting any potential recovery. Looking ahead to 2025, the Bitcoin price prediction remains a subject of intense debate. While some analysts foresee a potential breakout, fueled by increasing institutional adoption and the diminishing supply of new Bitcoin, others remain cautious, citing the persistent bearish pressures and the potential for further market corrections. The "Bitcoin Price Prediction 2025: BTC Eyes Breakout, But Sellers Still In Control" sentiment accurately reflects the current market dynamics. The long-term potential for Bitcoin remains undeniable, but the short-term outlook is clouded by uncertainty. The interplay between bullish and bearish forces will likely continue to shape Bitcoin's price trajectory in the coming months. The correlation with gold, while not a perfect predictor, provides valuable insights into Bitcoin's potential as a safe-haven asset. As gold continues to attract investor capital amid global uncertainties, Bitcoin's appeal as "digital gold" is likely to grow. However, the delayed response and the inherent volatility of the cryptocurrency market necessitate a cautious approach. To navigate this complex landscape, investors should closely monitor both gold and Bitcoin price movements, paying attention to key technical indicators and fundamental developments. The accumulation of short positions, the potential retest of support levels, and the broader macroeconomic environment should all be considered when making investment decisions. In conclusion, the Bitcoin-gold correlation provides a fascinating lens through which to understand the evolving dynamics of the cryptocurrency market. While the delayed response and the inherent volatility of Bitcoin present challenges, the growing recognition of its potential as "digital gold" offers a compelling narrative for long-term growth. However, in the immediate future, Bitcoin must navigate the current bearish pressures and capitalize on the renewed interest driven by gold's surge to achieve a meaningful rebound. The battle between buyers and sellers will continue to shape Bitcoin's price trajectory, and only time will tell whether the "digital gold" narrative will ultimately prevail.
OANDA:XAUUSD
by bryandowningqln
BTCUSDT - Forecast for Today!My general opinion is that we will go back and forth in the intermediate zones until interest rate decision is announced and I'm bearish for now due to CDV. I have indicated the possible manipulations in these intermediate zones in the drawings on the chart. Starting from the 4-hour point of control zone(indicated in the chart), I will start looking for short trends downwards and as usual, I will enter with confirmations in the low time frame. I have a long list of my proven technique below: 🤖 IQUSDT: Smart Plan 🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB 📌 USUALUSDT: Buyers Are Active + %70 Profit in Total 🌟 FORTHUSDT: Sniper Entry +%26 Reaction 🐳 QKCUSDT: Sniper Entry +%57 Reaction
Short
by UmutTrades
Bitcoin Clears October 2024 FVG! What’s Next?BTC has successfully cleared the Fair Value Gap (FVG) from October 2024. The range has been tested, and we are now witnessing some sideways movement in lower time frames (LTF). The $93.2K level remains the most critical resistance for now. Historically, Bitcoin has seen 29% to 32% corrections right before the final wave. It's also important to note that the 50EMA on the weekly chart has repeatedly acted as a strong support, preventing major breakdowns in the past. I will be posting a detailed analysis on Bitcoin corrections this week. So far, we've already seen signs of this playing out. BTC must start reversing from here, or we could see one more push to the $70K range, forming a double or triple bottom before the final breakout. This is not the time to be bearish, news cycles and geopolitical events can shift dramatically in the coming weeks or months. We've seen this pattern many times before, haven't we? Stay prepared for what’s coming! I’ll also be sharing altcoin charts that could perform well in the upcoming months. 👉 If you found this analysis valuable, hit that Like button and make sure to follow me for more insights! #PEACE
Long
by Cryptorphic
2
WARNING! Bitcoin BTC Can Crush To $75k Again!Hello, Skyrexians! Recently, when the BINANCE:BTCUSDT price was below $80k we told you that reversal will come soon and $140k is next, but this correction can lasts longer, that we supposed. There is a high chance to see the another one dip to $75k and we will explain why. Let's take a look at the 4h time frame. Those who read our articles know that Bitcoin is in wave C and this wave shall have 5 waves, but can be like an ending diagonal. We suppose this scenario. In this case double divergence with Awesome oscillator is likely. Now we have the high probability to see wave 5. This scenario is likely in price breaks down the GETTEX:82K key fractal level and confirm short setup. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
Short
by Skyrexio
1
Bitcoin Technicals Flash Warning – Smart Money Watching!Bitcoin has been forming a series of lower highs and lower lows since its all-time high (ATH) of $109,568, indicating a potential downtrend. The support level, which previously held strong, has now been broken and is acting as resistance. The recent price movement suggests a retest of this broken support, which could confirm further downside if rejected. The 100 EMA is positioned above the price, reinforcing bearish pressure. If BTC fails to reclaim this level, the price may continue to decline. RSI is hovering around 41.51, indicating weak momentum, with no strong bullish signals yet. Bullish Scenario: A reclaim of the broken support and a move above $90,000 could invalidate the bearish setup. Bearish Scenario: A rejection from this level could lead to further downside, potentially targeting $75,000-$72,000.
Short
by unichartz
Bitcoin BEARISH chart - Some reasons to remain AlertAs I have said many times, I always look to Both sides. Bullish and Bearish. This way, I manage to always know what I am going to do should a Market Direction change. I got caught out once before..NEVER AGAIN So, While so many, including Me, look towards Further gains in 2025, there are some indications that A TOP has already been reached. There is NO guarantee that another will come in. The First Clue to a change towards BEARISH is in the main chart. PA got rejected off the very same Trend line that rejected PA in 2017 and 2021, on all occasions, pushing PA into a Bearish Drop. That alone should make you Think hard. Next, we have the NUPL chart ( NET UNREALISED~ED PROFIT LOSS ) The Arrow points towards the line, that once crossed has shown us that the high possible Profits available begin to Tempt traders to lock in profit..to SELL. Once above this line, the next line has NEVER been crossed. ALL profit taking occurs in this Zone. You Will also notice how in 2021, when we had 2 tops, the NUPL reached High, Twice and then fell as traders Took the profits. We have just had 2 tops and have just dropped out of the profit taking Range. We may return, we may not. We have to wait but all the while, understanding the more profit taken now, people who buy at current price ranges will have to wait Longer to claim this same level of profit, assuming that the price Rises from here....Or they are in Loss... The SOPR ( Spent Outpuit Profit Ratio ) , shows us that these profits have been taken The thing to see here is the level of Selling, or taking of profit. The SOPR line is down near Neutral, This shows the Selling has Stopped. if we look back at the previous chart, we see that the level of profit is dropping. Less reason to sell....and while PA Drops as it is, there is even more possible LOSS incurred. The people who bought the Top are now getting worried. Also notice the "labels" Top ( Bearish signals) and Bottom ( Bullish signals) We had a Bearish warning around 6 weeks before current Top. The Bullish signal on the bottom line Stopped about 4 weeks ago and you will notice how the "line" has dropped below the neutral line, indicating people accepting Losses, just to get out.... Again, this does not mean we will continue Lower but it is a Loud Warning Bell Fot the Level pf profit to return, we need one of Two things, or Both, to happen 1) Price to Drop so we can Buy Low and wait for PA to rise again and so make profit 2) Buy now. ( Buy the Dip ) and Wait and Hope the Market goes to the prices some people say will happen ( Some are Stupid for this cycle BTW ) The MVRV chart helps us see where that Market is heading. MVRV = Market Value to Realized Value. It is an indicator used to assess whether Bitcoin is overvalued or undervalued I am not going to get to techie here but that yellow line is called Z Score and we are in ATH territory when it is above the green MVRV, as can be seen in the chart We are currently Dropping FAST and Z Score is very slightly BELOW the MVRV line. This happened in Summer 2024 and we recovered as you can see. This Means Bitcoin is becoming Less Overvalued but a Long way from Undervalued What I see here more than anything is how the recent High was up on that line where the 2021 ATH was rejected from. It was the same level of Value that made people say, "OK, This is great, I am out" and Sell. Again, understand, the higher the BTC price goes, the heavier it is to move. We may not manage to get a Bitcoin Way up where that 1st 2021 ATH was. Hugely over Valued. THIS is what I am watching more than anything So, are we in a Bear Market ? NO - But it would be easy to fall into a Mini Bear here, or longer one, if the market does not recover by mid June Latest Why ? Because, as ever, for me, The weekly MACD is the -- THE thing to watch If that MACD drops below neutral when it arrives at Neutral, That is a Big red Flag.... But , in an ideal world, we should be able to understand the possibility of that happening BEFORE it does. The charts above help with that - How mush profit is available, is it being Taken, what potential for more March as a monthly candle, is very likely to close RED, as mentioned in other posts, It is APRIL that will really decide where we go next. It needs to be GREEN, even if only marginally. My decision point is if the MVRV continues to Fall past that 236 fib line.....and stays below Then the MACD and SOPR If Capitulation begins - I BUY MORE - at the Bottom ( possibly around 65K - But I do not expect hat this year...... Bear Markets are not all bad.................... Have AI sold any Bitcoin Yet ? NO - thankfully, I still hold enough profit on my earlier buys to cover the smaller losses I may make while I begin to buy again now, which I am doing, in small quanties...Just incase we move higher soon..Because, as I said before, I look to both sides....and I am more Bullish than Bearish right now.....But open to change. I hope you all understand this logic
by Orriginal
BTCUSD Analysis StrategyBitcoin prices are currently hovering around $84,000 as the market's bull-bear struggle intensifies. In the short term, Bitcoin remains in a sideways consolidation and base-building phase. Traders are advised to remain nimble and adjust strategies based on the actual breakout direction. Bitcoin Trading Strategy sell @ 87000 buy @ 81500，78500 Finally, I'd like to remind every investor that the cryptocurrency market is inherently highly volatile, and every decision you make may have an impact on your investment returns. you can visit my profile for free strategy updates every day.
BINANCE:BTCUSDShort
by George_Lester
Bitcoin - Med-Term OutlookThe current BINANCE:BTCUSDT chart is forming an EXP model (turquoise), indicating a potential correction before the next phase of active growth. Main Scenario The most likely development suggests a price retracement to the $80,845 – $77,890 range (purple zone), corresponding to unclosed gaps on CME. This range is positioned above the 100% level of the model ($75,949), making it an optimal area for the completion of the correction before the continuation of the upward movement. Two possible correction paths: 1️⃣ Decline from current levels – BTC gradually breaks local support, tests the 4th point of the model (~$91,341), and then moves towards the CME Gap area. 2️⃣ ATH breakout ($109,354) before a decline – A short-term rally is possible before a deep correction into the $80,000 – $77,000 range. After testing this zone, a reversal movement may form, with targets at the 1st point of the model ($109,354) and beyond. Final confirmation of the uptrend will depend on further market dynamics. Once this cycle is completed, a transition to the altcoin growth phase can be expected. Secondary Scenario Under favorable conditions, BTC may avoid a correction into the CME Gap zone and continue its upward movement without retesting support levels. However, in the current market structure, this scenario remains less probable. Alternative Scenario In the event of an extended correction, BTC could break the 100% model level ($75,949) and test the 200% level ($63,226). Such a development may occur due to external market shocks, leading to mass liquidations of margin positions. However, even in this case, a rapid price recovery is expected.
INDEX:BTCUSD
by TSFC
2
Bitcoin Weekly SMA are finally into Sequential order -and now ?A nice simple post here. As you can see, in Late January, the 5 main SMA ( Simple Moving Averages) finaly got into sequential order Under PA This is a sign that PA is bullish. As you can see, in September 202, this happened and PA began its rise after a sharp drop just before hand. It is a bit different this time in that we have dropped AFTER that SMA order was made. But it is still a Good sign HOWEVER - what is important to note, is how PA has fallen below that 21 and we are currently hitting off the 50, searching for Support again. I remain BULLISH and I am sure that within a few weeks, we shall move back over that 21. From were the SMA went into order in 2020, it took about 6 months to reach the first ATH in 2021 PA is rising Much slower than in that cycle but If that repeats, we can see a New Real ATH around July / August I would say that is too early to be honest and so I expect larter. As I said, PA is rising slower this time around. But, anyway, Good News that the SMA have remained in order so far... Something to look forward to
COINBASE:BTCUSD
by Orriginal
Bitcoin (BTCUSDT) – Multi-Timeframe AnalysisDaily (1D) Chart Analysis Trend Overview: BTC has been in a downtrend since its recent peak above $100K, trading below the 100 EMA (yellow) and 200 EMA (white). Support Zones: The key support zone is around $75,000 - $77,000, where buyers could step in. Resistance Zones: The major resistance sits near $91,000 - $95,000. Momentum Indicators: RSI: Around 40, showing a lack of bullish momentum. MACD: Bearish crossover, suggesting more downside pressure. Conclusion: BTC remains under bearish pressure unless it reclaims the 100 EMA. Watch for a possible liquidity sweep below $75K before a bullish reversal. 4H (4-Hour) Chart Analysis Structure: BTC has been trending below the 200 EMA, confirming a bearish bias. Resistance: The $85,500 - $88,700 zone acts as a critical resistance. Support: The nearest key support zone is $79,000. Indicators: RSI: Below 50, confirming weak momentum. MACD: Attempting a bullish crossover, but still below the signal line. Conclusion: BTC needs to break above $85,500 for a bullish shift. Otherwise, we could see further downside to $79,000. 1H (1-Hour) Chart Analysis Short-term Structure: BTC is testing resistance at the 200 EMA, which could act as a rejection level. Potential Play: If BTC fails to break above $84K, a short trade towards $79K makes sense. If BTC closes above $84,000, a bullish setup towards $88,000 - $91,000 could form. Indicators: RSI: Hovering near 40, not showing strong buying momentum. MACD: Still bearish but showing signs of a possible crossover. Conclusion: BTC needs a break and retest of $84,000 for longs; otherwise, bears remain in control. 📈 My Trade Setups for the Week: 🔴 Short Setup (If BTC Rejected at $84,000 - $85,500) 📉 Entry: $83,500 - $84,000 📉 Stop-Loss: $85,500 📉 Take Profit: TP1: $80,000 TP2: $79,000 💡 Confirmation: Weak RSI and failure to break above the 200 EMA. 🟢 Long Setup (If BTC Reclaims $85,500) 📈 Entry: $85,500 - $86,000 📈 Stop-Loss: $83,500 📈 Take Profit: TP1: $88,500 TP2: $91,000 💡 Confirmation: A daily close above $85,500 with strong volume. 📌 Final Thoughts 🔹 BTC remains in a bearish structure, with a possible liquidity grab below $79,000 before any strong reversal. 🔹 If bulls reclaim $85,500, it opens room for a run towards $91,000. 🔹 Best approach: Wait for confirmation at key levels before entering trades. ⚠️ Risk Warning: Always use proper risk management—crypto markets are highly volatile. 💬 What do you think? Are you considering any trades this week? 👇
by VidaDeTraderPT