BTC - Local perspectiveOver the weekend INDEX:BTCUSD re-contested the $66,141 level and now we see consolidation above this level.
If the consolidation continues and the price can successfully consolidate above this level during this week, there are all chances for the price to rise towards the next model level - to the price of $73,518, the resistance zone, very close to the historical maximum.
If the price returns under the level of $66,141, it is reasonable to expect a move towards $61,083, $59,505 and the unclosed GAP at the CME:BTC1! at $57,805:
BTCUSDTPERP
BTCUSDT at 4h support, likely to head towards 70kHere is a trade idea on BTCUSDT. The price has moved well from the low it had made a couple of weeks back. It has shown strength while moving up and now facing some struggle at the daily resistance and currently resting on 4h support. The price is likely to bounce from this support and head towards weekly resistance WR1 which is around 70k. Therefore, lets take this long trade. We will monitor the price action and manage the trade on the way accordingly.
BTCUSDT Headed for more than 7% Drop?Hey Realistic Traders, let's dive into the technical analysis of BINANCE:BTCUSDT
Bitcoin is currently trading below the EMA90 line, indicating a bearish trend . The breakout from the rising wedge formation further confirms this downtrend. Additionally, the momentum indicator has revealed an MACD bearish crossover, reinforcing the negative sentiment . This crossover, marked by the MACD line crossing below the signal line, underscores increased selling pressure and suggests a potential downward movement. Therefore, these combined technical signals collectively suggest a continuation of the bearish trend, with our initial target set at 58,093 or potentially dropping further to the second target at 55,742.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Bitcoin."
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Bitcoin is Ready to Attack to Heavy Resistance zoneBitcoin moved as I expected in yesterday's post and managed to break the descending channel and Resistance zone($65,500-$64,850) .
According to Elliott's wave theory, Bitcoin is completing the main wave 5 .
I expect Bitcoin to start rising again after the minor correction and attack the Heavy Resistance zone($67,930-$66,160) .
Do you think Bitcoin will break the Heavy Resistance zone($67,930-$66,160)❗️❓
Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
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#BTC reaches the resistance zone, be wary of falling📊#BTC reaches the resistance zone, be wary of falling⚠️
🧠From a structural point of view, the goals of the bottom long structure have been achieved and are currently consolidating in the resistance zone. The rise without structural support cannot be sustained for too long unless a new long structure is rebuilt in the resistance zone. We must be alert to the occurrence of callbacks at any time.
➡️From the perspective of the adjustment cycle, we need to build a short structure of the same cycle in the resistance area to reverse this upward trend. In addition, due to the weekend, there is not much trading volume, so we need to maintain more patience. ☕️
Let’s see 👀
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BITGET:BTCUSDT.P
Bitcoin Roadmap==>>4-hour Time FrameBitcoin made the corrections I had expected in previous posts .
Bitcoin is currently moving in the Support zone($63,410-$62,280) .
According to the good news from the crypto market , we should expect an increase in Bitcoin at least until the end of July, when the annual Bitcoin conference is in a few days.
According to the Elliott wave theory , Bitcoin seems to be completing wave 4 . If the upper line of the descending channel breaks, we can confirm its end .
I expect Bitcoin to rise to at least the Resistance zone($68,000-$66,170) .
Bitcoin Analyze (BTCUSDT), 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
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#BTC complex consolidation stage📊#BTC complex consolidation stage
🧠From a structural point of view, we are still consolidating sideways within the target area to digest the selling pressure. As it stands, we have an opportunity to build a bearish double top structure in the selling zone. 📉
Let’s see 👀
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BINANCE:BTCUSDT.P
BTC IS RISING STAR 67000-69000$ + %70BEAR= 58317-46930= + 11387
BULL= 58317+11387= 69704 ( MAİN TARGET )
TAKE PROFİT
(SELLER) HİGH= 59400- 59800- 60600- 61500 -62300- 63000$ - 67000$ - 69700 - 70300 - 71400- 73600
( BUYER ) LOW= 43000-47200-48500-49800-51300-52900-55000
Btc dominance now 44.
We estimate Btc Dominance 55.
It is not investment advice. Calculate your risk. Big money big risk, Little money Low risk.
#BTC/USDT#BTC
We have a downtrend pattern on the 12-hour frame, the price is moving within it and adhering to its boundaries well
We have a support area in green at a price of 55,000 after the price touched it and rebounded from it
We have a trend to stabilize above the moving average of 100
We have a downtrend on the RSI indicator that supports the price upwards
Entry price 64,000
First target 67,600
Second target 70,587
Third target 73,670
Bitcoin Analysis==>>15-minute time frameBitcoin is moving near the Resistance zone($65,500-$64,850) and Resistance lines .
I expect Bitcoin to attack the Support zone($64,280-$63,850) again in the coming hours; if the support zone breaks , we should expect Bitcoin to fall at least to the support line .
Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BTC Breaking DownBuilding upon my previously published concept, it appears that the DXY has staged a false breakdown (took liquidity), while BTC has mimicked an upward surge and took liq as well.
Additionally, the minor parabolic movement has been disrupted. If there is another breach of the significant 4-hour swing low, I believe it could result in a rapid decline to around 42,200.
At this moment, I would advise against initiating a short position. Instead, I recommend waiting for a confirmation and a retracement to the order block near 64,400. At that point, one might consider taking a low-risk, high-reward short position. Best of luck to everyone!
#BTC in resistance zone, wary of pullback📊#BTC in resistance zone, wary of pullback⚠️
🧠Judging from the daily level structure, we are still under the suppression of the double top short structure, so we still need to be alert to the occurrence of further corrections. Unless we can reach new highs or form a bullish structure with the same cycle, we cannot be too optimistic.
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BINANCE:BTCUSDT.P
BREAISH BTC SCNEARIOBitcoin (BTC) has established a daily higher high (HH). To confirm a swing high, we need to wait for another daily candle, specifically looking for tomorrow's candle to close below today's.
Following this, we should anticipate a correction towards the discount zone.
Here are two potential scenarios:
A. If BTC forms a lower high (LH) after the retracement, it indicates that the change of character (CHOCH) in the current upward movement is invalid. Consequently, BTC is likely to decline further and continue its downward trend.
B. If BTC does not respect the order block (OB) expected to form in the upcoming days during the retracement and fails to create a LH in the next upward leg, it may continue to rise.
Given that the weekly BTC chart has not retraced to the previous high or reached the discount zone, the likelihood of scenario B occurring increases.
Another important factor is volume, which often precedes price movements. The recent upward leg exhibited lower volume compared to the high volume observed during the downtrend, suggesting that buyers may be losing momentum.
On the one-hour chart, the recent swing low has been broken, forming a CHOCH. This potentially signals the start of a downward pullback.
Enjoy and good luck (GL)!
How to make money with Bitcoin? This time it is a decline.
From the trend point of view, Bitcoin will continue to fall. There is currently pressure at around 62,000. This round of decline is expected to go down to 60,500-60,000. So shorting Bitcoin can make money.
BINANCE:BTCUSDT BINANCE:BTCUSDT.P COINBASE:BTCUSD INDEX:BTCUSD BYBIT:BTCUSDT.P TVC:DXY OANDA:XAUUSD NYMEX:WTI1! FX:GBPUSD
Oversold Bitcoin. It will continue to rebound.
I think there is also a trend of rebound after the decline of Bitcoin. The current price is around 61,000. The target is in the range of 62,100-63,000. Friends who like to trade cryptocurrencies can choose to buy as the main position.
INDEX:BTCUSD BINANCE:BTCUSDT.P COINBASE:BTCUSD BINANCE:BTCUSDT
Bitcoin rebounds by about 500-800 points in the short term.
64500 is a good position for shorting.
You can buy in small batches at present. Remember not to scalp. The risk is very high and uncontrollable.
BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT.P INDEX:BTCUSD INDEX:BTCUSD BYBIT:BTCUSDT.P CRYPTOCAP:BTC.D
#BTC reaches the target zone📊#BTC reaches the target zone✔️
🧠 From a structural point of view, all the ideal goals of the double bottom structure have been achieved and the resistance zone has been reached, so we need to be alert to the emergence of a callback.
➡️ If we want to continue to rise without the support of a bullish structure, it will be difficult for us to go further. Therefore, if you want to be bullish, you need to wait patiently for the correction to occur before considering it.
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BINANCE:BTCUSDT.P
Phemex Anaylsis #6: Bitcoin Breakout - Is it Real or False Dawn?PHEMEX:BTCUSDT.P has recently surpassed the $63,000 resistance level, which has now turned into a support level (weak support). This is a significant development as $63,000 has historically been a formidable barrier for upward movement. The current market conditions suggest a potential shift in momentum, with Bitcoin trading above this critical level.
Here are Two Potential Scenarios for BTC Price Movement in this week:
1. Bullish Scenario: Continued Uptrend
After surpassing $63,000, the next major resistance level to watch is around $68,000. Historically, this level has seen substantial selling pressure.
If Bitcoin continues to exhibit strong buying momentum and breaks through $68,000, it could signal the start of a new bullish phase. Traders should monitor for sustained buying volume, which would indicate a healthy uptrend.
2. Bearish Scenario: Reversal from Resistance
If Bitcoin fails to break through $68,000 and faces rejection, the immediate support to watch is the $63,000 level. Further down, $58,000 and $54,000 become critical support zones.
A rejection at $68,000 could lead to a retracement towards $63,000. If Bitcoin fails to hold this support, it might indicate a deeper correction.
3. Consolidation Scenario
If the price fails to hold the $63,000 support level and drops to a higher low (higher than $56,500), then the price will most likely enter a consolidation/accumulation phase before deciding its direction (ideally bullish).
In Summary, Bitcoin's rise past the $63,000 level marks a significant milestone, but traders should remain cautious and watch for confirmation of sustained momentum. Key levels to watch for upside targets are $68,000 and $72,000, while downside risks could see support tests at $63,000, $58,000, and $54,000. Stay informed and adjust trading strategies based on market developments and technical indicators.
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