Bitcoin Correction Maturing – Long Setup Brewing!Bitcoin ( BINANCE:BTCUSDT ) has fallen by more than -4% over the past day.
Let's take a look at the reasons for the decline.
One of the key reasons behind Bitcoin’s decline in the past 24 hours ( July 25 ) could be the reduced likelihood of Jerome Powell being replaced as Chair of the Federal Reserve.
In recent days, market participants were speculating that Donald Trump might replace Powell — a scenario that was considered bullish for risk assets like Bitcoin. However, recent reports of a meeting between Trump and Powell, and signs that Powell might not be dismissed, have weakened this fundamental narrative.
This meeting may signal a truce or reduced tension between Trump’s team and Powell , which could imply a continuation of current Fed policies. That’s bad news for Bitcoin, as it removes a potential psychological tailwind from the market and dampens speculative sentiment.
As a result:
Over $500 million in liquidations(Long Positions) occurred
Weak inflows into Bitcoin ETFs
A stronger U.S. Dollar Index ( TVC:DXY )
And declining Gold( OANDA:XAUUSD ) prices over the past two days
all added additional selling pressure on BTC. Now let's take a look at Bitcoin's conditions on the 4-hour time frame .
Bitcoin currently appears to have broken the Support zone($116,900-$115,730) , Support lines , 100_SMA(4-hour TF) , and the lower line of the Symmetrical Triangle Pattern with a bearish Marubozu candle .
Note : In general, trading was difficult when Bitcoin was inside a symmetrical triangle (about 10 days).
It also seems that the pullback to these zones has ended and Bitcoin is waiting for the next decline .
In terms of Elliott Wave theory , Bitcoin appears to be completing microwave 5 of microwave C of major wave 4 . There is a possibility that main wave 4 will create a descending channel and complete at the bottom of the descending channel (at Potential Reversal Zone(PRZ) ).
I expect Bitcoin to start rising again after completing the CME Gap($115,060-$114,947) from Cumulative Long Liquidation Leverage($114,480-$114,000) or Cumulative Long Liquidation Leverage($113,284-$112,603) near the PRZ and Heavy Support zone($111,980-$105,820) .
Cumulative Short Liquidation Leverage: $117,904-$116,665
Cumulative Short Liquidation Leverage: $121,046-$119,761
Do you think Bitcoin has entered a major correction, or does it still have a chance to create a new ATH?
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; 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.
BTCUSDTPERP
BTCUSDT analysis – 1H & 4H OB setups✅ The overall market trend is still bullish on the 1H and 4H timeframes. However, we’re watching the red 4H supply zone (around 122,000) closely for a possible short-term sell setup.
🟥 If price reaches this red OB, we’ll look for a light short position only with confirmation on the 5M or 3M timeframe.
🟩 On the downside, we are mainly interested in buy setups from the following key green OB zones:
🔹 OB 1H around 115,000
🔹 OB 4H around 111,000
🔹 OB 4H around 108,000
📌 Possible scenarios:
1️⃣ Price reaches the red OB → short with confirmation
2️⃣ Price pulls back to lower green OB zones → long with confirmation
3️⃣ Market bias remains bullish unless proven otherwise.
❌ No entry without confirmation.
Double Bullish Flag on Bitcoin — Next Rally to $135K?📊 BTCUSDT (12H) In-Depth Analysis: Major Momentum Brewing
Bitcoin (BTC) is currently exhibiting a very promising technical structure — a Double Bullish Flag, a rare yet powerful continuation formation that often precedes strong upside momentum.
This dual-pattern structure reflects market strength and smart accumulation, with bulls maintaining control while allowing for healthy pauses before potential expansion to higher levels.
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🔍 Technical Breakdown: Double Bullish Flag Structure
🔸 1. Primary Bullish Flag:
Formed after a sharp rally from around $95,000 to $113,000 (flagpole).
Price then consolidated within a clear descending channel, forming a classic Bullish Flag pattern.
Breakout from this pattern occurred in early July, confirming bullish continuation.
🔸 2. Secondary Bullish Flag (Mini Flag):
After the breakout from the main flag, BTC formed a second smaller flag pattern — a narrow descending channel from ~$123K to ~$119K.
This is known as bullish flag stacking — a pattern of "flag on top of flag", signaling trend strength and smart consolidation.
This mini-flag now acts as a launchpad for the next potential breakout.
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🚀 Bullish Scenario: Preparing for a Breakout
If BTC breaks above the upper resistance of the mini flag (~$123,200), it will signal a fresh bullish continuation.
🎯 Potential Upside Targets:
Conservative target: $126,000 – $128,000
Full measured move target (from flagpole): $132,000 – $135,000
✅ Confirmation criteria:
Strong candle close above $123.2K
Accompanied by rising volume and upward RSI momentum (but not overbought)
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🧨 Bearish Scenario: Breakdown and Retest
If BTC fails to break above the flag and instead drops below the flag support (~$119,400), we may see a short-term correction.
🔻 Key Support Levels:
$117,000 – minor horizontal support
$113,000 – $115,000 – strong demand zone and previous breakout area
⚠️ As long as price holds above $113K, the broader bullish trend remains intact. A pullback to this zone could offer a prime retest-buying opportunity.
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📌 Key Price Levels to Watch:
Level Role
$123,200 Mini-flag resistance (breakout trigger)
$121,600 Mid-range resistance
$119,400 Flag support
$117,000 Horizontal retest zone
$113,000 Major support (trend invalidation if lost)
$132K – $135K Projected breakout target
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💡 Conclusion: BTC in Critical Zone Before Potential Expansion
This Double Bullish Flag formation is one of the most technically constructive setups BTC has shown in weeks. It reflects a strong, patient market — with bulls preparing for another leg higher.
If the breakout from the second flag confirms, Bitcoin could rally toward $135,000, backed by momentum, volume, and clean structure. However, a breakdown would only signal a short-term cooldown unless support at $113K is lost.
🧭 Stay focused on breakout confirmation, volume spikes, and market sentiment. This could be the calm before a bullish storm.
#BTCUSDT #BitcoinBreakout #BullishFlag #TechnicalAnalysis #DoubleBullFlag #BTCMomentum #BitcoinRally #CryptoOutlook #BitcoinTo135K
BTCUSDT eyeing 125k next after bounce from 116k zoneEarlier I shared the high time frame view of #BTCUSDT. We know that its heading higher and that helps in holding spot positions.
However, the move to the high frame target will not happen in a straight line, instead with various push to the upside and then subsequent corrections to the down side.
Therefore, as a trader, we must profit from those movements as we see some good high probability setups.
And there is one right now which is a long position.
The price broke 4h support 4HS1, but quickly reclaimed it. That is a sign of demand and strength required to move higher.
Therefore, this presents a long opportunity where the target of this long position should be 125k.
As the price enters into 4HS1 zone, I will scale into long position.
It is quite likely that the price will bounce hard once it taps into 4HS1 zone.
I am talking this long position targeting 125k. What about you? Share with me what you think.
BTCUSDT ready to march towards 140k zoneHere is once again a view of what I had shared when BTCUSDT was trading around 95k in may 2025.
The price action has been similar to our expectation. A push towards 106k-110k and then drop around 95k-98k before boucing towards 137k.
So the next stop for the current upward move is 137k. The push from 98k has brought us into 120k zone and currently we were holding in that range from 114k-120k for a while.
However, this is going to change now. I believe the last drop towards 114k was a false breakdown from 4h support 4HS1 since the price quickly grabbed this region again by moving towards 117k.
I believe the path to 137k-144k is clear now and we see that in coming weeks. After that we shall likely see a correction towards 120k area before move to the target around 150k.
Lets see how the price moves. We will keep monitoring it time to time and I will provide updates. But till now it has been moving according to the plan.
#BTC #BTCUSD #BTCUSDT #BITCOIN #CRYPTO CRYPTOCAP:BTC $crypto
BTC Retested and Ready for the Next Leg Up?This CRYPTOCAP:BTC weekly chart shows a clean pattern of breakout → retest → rally.
The 50 EMA has been acting like a strong dynamic support throughout the uptrend, keeping the structure intact. Every time price broke out of a consolidation or resistance zone, it came back, retested it, and then continued moving higher.
Most recently, BTC broke above a key resistance, pulled back to retest it, and now it looks like the breakout has held. This is a classic bullish continuation setup, and historically, it’s led to strong follow-through moves.
As long as BTC stays above the 50 EMA and holds support, the bullish structure remains intact.
Thanks for reading! Stay sharp and trade safe.
Powell’s Comments Could Decide BTC’s Fate: New ATH or Rejection!Bitcoin ( BINANCE:BTCUSDT ) has attacked the Support zone($116,900-$115,730) several times over the past week but failed to break through, meaning that buyers are still hoping for a BTC increase or even a new All-Time High(ATH) .
Bitcoin has reached a Resistance zone($119,530-$118,270) again and is trying to break the upper lines of the Symmetrical Triangle Pattern . The Cumulative Short Liquidation Leverage($117,255-$116,675) is important and includes high sell orders , so if Bitcoin can break the Resistance zone($119,530-$118,270) and the Resistance lines with high momentum , we can hope for a continuation of the upward trend.
Whether or not the Resistance zone($119,530-$118,270) and the Resistance lines break could depend on the tone of Jerome Powell’s speech today .
Jerome Powell will speak at the opening of the “ Integrated Review of the Capital Framework for Large Banks ” — the final major appearance before the Federal Reserve enters its pre-meeting blackout period.
Market Expectations:
The speech is officially about regulatory frameworks (like Basel III), but traders are watching closely for any hints regarding interest rate policy. Even indirect comments could move risk assets like BTC.
Rate Cut Signals?
With political pressure mounting (including criticism from Trump ) and markets pricing in a potential cut later this year, Powell may adopt a cautious, data-dependent tone emphasizing flexibility in decision-making.
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In terms of Elliott Wave theory , it seems that the wave structure of the main wave 4 correction is over. The main wave 4 has a Zigzag Correction(ABC/5-3-5) , so that the microwave B of the main wave 4 has a Double Three Correction(WXY) . Of course, the breakdown of the Resistance zone($119,530-$118,270) and Resistance lines can confirm the end of the main wave 4 .
Also, there is a possibility that the 5th wave will be a truncated wave because the momentum of the main wave 3 is high , and Bitcoin may NOT create a new ATH and the main wave 5 will complete below the main wave 3.
I expect Bitcoin to rise to at least the Resistance zone($121,000-$120,070) AFTER breaking the Resistance zone($119,530-$118,270) and Resistance lines .
Second Target: $121,620
Third Target: $123,820
Note: Stop Loss(SL)= $117,450
CME Gap: $115,060-$114,947
Cumulative Long Liquidation Leverage: $117,429-$116,878
Cumulative Long Liquidation Leverage: $116,053-$115,411
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; 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 Symmetrical Triangle – Decision Time Soon
BTCUSDT Idea (2H Chart)
BTC is consolidating inside a symmetrical triangle, creating pressure for a breakout. Price is currently ranging between 116K–120K, with volatility compressing.
Patience is key here — don’t rush entries.
A confirmed breakout or breakdown will give the real direction.
Break above the triangle = bullish continuation
Break below = further correction ahead
Wait for 2H close outside the pattern with volume
Watch levels:
* Upside: 120K → 124K → 128K
* Downside: 116K → 112K → 108K
Setup is maturing — breakout is just a matter of time. Let the chart lead, not emotions.
BTCUSD Daily Analysis – Golden Pocket Hold Before a Bullish?🧠 Chart Description & Market Structure:
The BTCUSD daily chart is showing a consolidation phase after forming a local high near $123,231. Currently, the price is retracing and approaching a key Fibonacci retracement zone between the 0.5 level ($115,557) and 0.618 level ($113,740) — also known as the Golden Pocket, which is often a strong reversal area.
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📈 Bullish Scenario:
If the price holds within or just above the 0.5–0.618 Fibonacci zone (highlighted in yellow) and forms a bullish reversal candlestick (like a hammer, bullish engulfing, or pin bar), there’s a high probability for BTC to resume its uptrend.
Bullish upside targets include:
$119,842 as minor resistance.
$123,231 as the previous swing high and a key breakout confirmation.
A successful break above $123,231 could send BTC toward the next major targets around $128K–$132K.
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📉 Bearish Scenario:
If the price fails to hold the 0.618 Fibonacci level ($113,740) and breaks down below the key psychological support at $111,500, a deeper correction may occur.
Downside targets:
$108K–$106K as the next major support zone.
A break below this could lead to the formation of a lower high structure and potentially trigger a bearish continuation.
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📊 Pattern Observations:
Potential Bullish Flag or Rectangle Consolidation: The price action suggests horizontal consolidation after a strong rally — possibly a re-accumulation zone before a bullish continuation.
Golden Pocket Retest: Price is currently testing the Fibonacci 0.5–0.618 zone, often targeted by institutional buyers and technical traders as a potential entry point.
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🧭 Key Levels to Watch:
Major Resistance: $123,231 (swing high)
Minor Resistance: $119,842
Fibonacci 0.5: $115,557
Fibonacci 0.618: $113,740
Key Support: $111,500
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🔖 Conclusion:
BTC is currently in a decision zone. Price action within the $115,500–$113,700 range will be crucial. Will this be a healthy retracement before the next leg up — or the beginning of a deeper correction?
#BTCUSD #BitcoinAnalysis #CryptoTA #FibonacciRetracement #CryptoChart #BitcoinDaily #BullishSetup #BearishSetup #CryptoMarket
Volatility Period: July 24-26
Hello, traders.
If you "Follow", you can always get the latest information quickly.
Have a nice day today.
-------------------------------------
(BTCUSDT 1D chart)
BTC is in a step up trend.
Looking at the bigger picture, it can be seen that it is in the second step up trend.
The important volatility period in this step-up is expected to be around August 2-5 (up to August 1-6).
Therefore, we need to look at what kind of movement it makes as it passes through the previous volatility period of around July 25 (July 24-26) and around July 31 (July 30-August 1).
In other words, we need to check which section is supported and which section is resisted, and see if it breaks through that section.
What we can see now is that it is checking whether there is support in the 115854.56-119086.64 section, that is, the HA-High ~ DOM (60) section.
Since the M-Signal indicator on the 1D chart has risen to the 115854.56 point, the key is whether it can receive support at the 115854.56 point and rise.
If it falls below the M-Signal indicator of the 1D chart and shows resistance, it is likely to meet the M-Signal indicator of the 1W chart.
This flow is an interpretation of the separation learned when studying the price moving average.
Therefore, we can see that the maximum decline point is when it meets the M-Signal indicator of the 1M chart.
-
Industries (coins, tokens) that are renewing the ATH are actually outside the predictable range.
Therefore, we should think of it as a situation where it is not strange whether it falls or rises at any time and think of a response plan.
Since it is currently within the predictable range, we can create a response strategy by checking whether there is support in the 115854.56-119086.64 section.
However, as I mentioned earlier, the volatility period is about to begin, so caution is required when making new transactions.
That is, you need to check whether it breaks out of the 115854.56-119086.64 range during the volatility period that continues until July 26.
And if it breaks out, you need to check whether it is supported or resisted in that area and respond accordingly.
-
The OBV indicator of the Low Line ~ High Line channel is showing a pattern of rising above the High Line.
Accordingly, if the OBV indicator is maintained above the High Line, it is expected to show an additional rise.
In accordance with this, you need to check whether the K of the StochRSI indicator shows a movement to rise in the oversold range and a transition to a state where K > D.
You also need to check whether the TC (Trend Check) indicator continues its upward trend and can rise above the 0 point.
If these conditions are met, it is expected that BTC will rise above 119086.64 or show a pattern of rising.
-
This decline created a low trend line, creating a perfect rising channel.
Therefore, we need to see how far we can go up along the rising channel created this time.
In that sense, we should pay close attention to the movement during the volatility period around July 25th (July 24-26).
-
Thank you for reading to the end.
I hope you have a successful trade.
--------------------------------------------------
- This is an explanation of the big picture.
(3-year bull market, 1-year bear market pattern)
I will explain more details when the bear market starts.
------------------------------------------------------
#BTC Ascending Triangle📊#BTC Ascending Triangle📊
🧠From a structural perspective, we are still in a sideways consolidation phase. We have already built a short structure. If we want to continue to rise, we need to break through the blue turning point 119240 and stabilize before we can usher in a big surge.
➡️From a morphological perspective, an ascending triangle is forming. After breaking through h, it is confirmed that the upward breakthrough will occur. The subsequent pullback is worth our participation.
⚠️If we fall below the low point near 116000, we cannot blindly go short, because the sideways consolidation time is too long. After the selling pressure is exhausted, the lows that appear are all opportunities for us to participate in long transactions.
🤜If you like my analysis, please like 💖 and share 💬 BITGET:BTCUSDT.P
BTC/USD) Bullish trend analysis Read The captionSMC Trading point update
Technical analysis of Bitcoin (BTC/USDT) on the 4-hour timeframe, indicating a potential upward continuation after a period of consolidation above a key support level.
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Analysis Summary
Pair: BTC/USDT
Timeframe: 4H
Current Price: 116,810.90
Bias: Bullish breakout continuation
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Key Technical Insights
1. Key Support Zone:
The yellow box marks a strong support level, where price has bounced multiple times.
Acts as a launchpad for the next move higher.
2. Descending Trendline:
A trend of lower highs suggests short-term selling pressure.
Break above this trendline would signal a bullish breakout.
3. Projected Move:
If the breakout occurs, the projected target is around 131,075.83, representing a ~12% gain.
Similar move structure as the previous breakout earlier this month.
4. EMA 200 (Supportive):
Price remains above the 200 EMA at 112,386.80, affirming bullish trend bias.
5. RSI (14):
RSI hovering around 42–49, slightly oversold area, suggesting upside potential remains.
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Target Point
Target: 131,075.83 USDT
Stop-Loss Suggestion: Below key support zone (~114,000)
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Trade Idea
Direction Entry Stop-Loss Target
Buy Break above 118,000 Below 114,000 131,000–132,000
Mr SMC Trading point
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Summary
Bitcoin is consolidating above a strong support zone and under a descending trendline. A confirmed breakout from this pattern could lead to a bullish rally toward 131,000+.
-
Please support boost 🚀 this analysis)
#BTC Ascending Triangle📊#BTC Ascending Triangle✔️
🧠From a structural point of view, we are still in a long-term bullish trend, and the short-term short structure of the small cycle is difficult to change the trend force of the large cycle. And we have been sideways here for a long time, digesting the selling pressure here, and it seems difficult to pull back. And the 15m level has built a bullish head and shoulders structure, so please be cautious about shorting!
➡️From a morphological point of view, the price is gradually compressed and formed into an ascending triangle. Generally, we will use this model to continue the original trend force.
⚠️Note that if we fall below the inflection point of 115687, it means a short structure at the 4h level. We need to be alert to further pullbacks. At that time, if we want to participate in long transactions, we need to find a lower support level to participate, such as around 112000.
Let's take a look👀
🤜If you like my analysis, please like💖 and share💬 BITGET:BTCUSDT.P
Btcusd:Huge trading opportunities and ideasBTCUSD's rebound after touching the position near 116180 this time is fast. From the trend observation. BTCUSD is still in a high consolidation stage. It has not broken the oscillation range for the time being. It can maintain selling near 120k. Buying near 11600 for range trading. It is expected that there will not be many trading opportunities in the London market. It will take until the New York market opens to see better trading opportunities.
Bitcoin Ready for the Next Leg Higher!Bitcoin is currently consolidating within a symmetrical triangle on the 4-hour timeframe, showing signs of a potential breakout. After a strong rally earlier in July, BTC has entered a compression phase, forming lower highs and higher lows — a classic setup for a volatility breakout.
Price is moving near the apex of the triangle, suggesting that a decisive move is imminent. The 50 EMA and 100 EMA are both acting as dynamic support, helping bulls maintain control of the structure. A breakout above the descending trendline could initiate a sharp move toward the $130K–$133K target zone.
Cheers
Hexa
BINANCE:BTCUSDT
Bitcoin Technical Setup: Support Holds, Wave 5 in FocusBitcoin ( BINANCE:BTCUSDT ) filled the CME Gap($117,255-$116,675) and started to rise, as I expected in my previous idea .
Bitcoin is currently trying to break the Resistance zone($119,530-$118,270) . In the last week's movement, the price of $118,000 can be considered as one of the most important numbers for Bitcoin , with a lot of trading volume around this price.
In terms of Elliott Wave theory , it seems that Bitcoin has managed to complete the main wave 4 near the Support zone($116,900-$115,730) and Support lines . The structure of the main wave 4 is a Zigzag Correction(ABC/5-3-5) (so far). There is a possibility that the 5th wave will be a truncated wave because the momentum of the main wave 3 is high and Bitcoin may NOT create a new ATH and the main wave 5 will complete below the main wave 3.
I expect Bitcoin to start rising near the Potential Reversal Zone(PRZ) and Cumulative Long Liquidation Leverage($118,277-$118,033) , break the Resistance zone($119,530-$118,270) and reach the targets I have marked on the chart.
Note: Stop Loss(SL)= $116,960
CME Gap: $115,060-$114,947
Cumulative Short Liquidation Leverage: $121,502-$121,134
Cumulative Short Liquidation Leverage: $120,612-$119,783
Cumulative Long Liquidation Leverage: $116,810-$115,522
Do you think Bitcoin can create a new ATH again?
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; 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.
BTCUSDBTCUSD also fell from a high level, reaching a high of around 119700, only 300 points away from the target of 120k. The price after the decline is now around 118600. Buying at a low level is the main focus. The reference buying point is 118500-118000. The target is above 120k. Stop loss 117300
Support around 115854.56-116868.0 is the key
Hello, traders.
If you "Follow", you can always get the latest information quickly.
Have a nice day today.
-------------------------------------
(BTCUSDT 1D chart)
The DOM(60) indicator of the 1W chart is generated at the 119177.56 point, and the DOM(60) indicator of the 1D chart is generated at the 119086.64 point, and then shows a downward trend.
However, since the HA-High indicator is formed at the 115854.56 point, it is difficult to say that it has yet turned into a downward trend.
Accordingly, it is necessary to check whether it is supported in the HA-High ~ DOM(60) section.
The next volatility period is expected to occur around July 25 (July 24-26).
However, the important volatility period is expected to be around August 2-5 (maximum August 1-6), so we need to look at what kind of movement it shows as it passes through the volatility period that will occur in the future.
-
Since the StochRSI indicator has entered the oversold zone, there is a possibility that the decline will be restricted.
Therefore, the key is whether there is support around 115854.56-116868.0.
This is because if it falls below the HA-High indicator, there is a possibility that a downtrend will begin.
Also, since the M-Signal indicator on the 1D chart is rising around 115854.56, it can be seen as an important zone.
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An indicator called Trend Check has been added to the OBV indicator.
This indicator is an indicator that comprehensively evaluates the StochRSI, PVT-MACD oscillator, and OBV indicators and expresses them in a column.
Accordingly, if the TC indicator rises from the 0 point, it can be interpreted that the buying force is dominant, and if it falls, the selling force is dominant.
Therefore, if it rises above 0, it is likely to show an upward trend, and if it falls below 0, it is likely to show a downward trend.
Also, if the TC indicator touches the highest point (6) or lowest point (-6), there is a high possibility that the trend will reverse, so you should think about a response plan for this.
-
Thank you for reading to the end.
I hope you have a successful trade.
--------------------------------------------------
- Here is an explanation of the big picture.
(3-year bull market, 1-year bear market pattern)
I will explain the details again when the bear market starts.
------------------------------------------------------
Bitcoin Technical Setup: Support Holds, Eyes on $118,600Bitcoin ( BINANCE:BTCUSDT ) moved as I expected in the previous ideas and finally completed the CME Gap($117,255-$116,675) in the last hours of the week. ( First Idea _ Second Idea )
Before starting today's analysis, it is important to note that trading volume is generally low on Saturday and Sunday , and we may not see a big move and Bitcoin will move in the range of $121,000 to $115,000 ( in the best case scenario and if no special news comes ).
Bitcoin is currently trading near the Support zone($116,900-$115,730) , Cumulative Long Liquidation Leverage($116,881-$115,468) , Potential Reversal Zone(PRZ) , and Support lines .
According to Elliott Wave theory , Bitcoin had a temporary pump after the " GENIUS stablecoin bill clears House and heads to Trump's desk " news, but then started to fall again, confirming the end of the Zigzag Correction(ABC/5-3-5) . Now we have to wait for the next 5 down waves or the corrective waves will be complicated .
I expect Bitcoin to rebound from the existing supports and rise to at least $118,600 . The second target could be the Resistance lines .
Do you think Bitcoin will fill the CME Gap($115,060-$114,947) in this price drop?
Cumulative Short Liquidation Leverage: $121,519-$119,941
Do you think Bitcoin can create a new ATH again?
Note: Stop Loss(SL)= $114,700
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 15-minute time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; 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 Forming Bullish Triangle!Bitcoin is currently consolidating inside a symmetrical triangle pattern after a strong bullish rally. The price is approaching the apex of the triangle, signaling a potential breakout soon.
The 50 EMA is acting as dynamic support, perfectly aligned with the triangle’s lower trendline, reinforcing the bullish structure.
A confirmed breakout above the triangle resistance could trigger a strong upward move, with a potential target near the $125,000–$130,000 zone.
Cheers
Hexa
BINANCE:BTCUSDT CRYPTOCAP:BTC