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BTCUSDTPERP

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. Note: Exciting Update Coming Soon to Pulse , Our SocialFi Platform! Stay tuned for more details. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
Bitcoin BTC price starts rapidly move after "fresh" US CPIThe "fresh" CPI US was announced at 3.0%, while the forecast was 3.1%, the previous figure was 3.3% The data is more than positive, laying a good foundation for the start of the Fed rate cut Logically, the price of financial assets should rocket upwards, well, at least the SP 500 does) But unfortunately, the correlation between stocks and CRYPTOCAP:BTC is now the lowest since 2019. On such positive news, in a strong market, OKX:BTCUSDT price should have soared to $62 thousand, or even $64 thousand Maybe this will happen with a certain "time lag" according to the blue scenario. But still, you should keep the red scenario in mind at the same time: First, another update at least to the $52000-52800 area and "shake out" of the long positions, and only after that the growth trend will begin. What are your thoughts? Which scenario is more likely now?
by P_S_trade
16
#BTC/USDT Hit our Target $63k What's Next? Since the last BTC update, the price has followed our expected path perfectly. Currently, BTC is trading right around the critical resistance level of $63k, a level I've highlighted since it reached $53k. This is the moment of decision. Following the news of an assassination attempt on Trump, the market experienced a relief rally. However, it's still uncertain whether we are out of the woods yet. The best strategy now is to start positioning into altcoins while holding BTC. Over the past 3-4 weeks, I've posted insights on 40 altcoins. Feel free to review those, as I'll be sharing 30 more promising altcoins starting today, so make sure to follow me. Returning to the chart, if BTC breaks above the $63k level, we could see it trading around $70k+ in the short term. The mid-dotted line, which previously acted as support, has now turned into resistance. A breakout above this level could be very bullish for the market since the same level aligns with Multiple EMAs. We are almost there; patience is key. The most reasonable move now is to wait for a breakout above $63k. A break and close above this level would signal a strong opportunity to go long on both altcoins and BTC. I will keep this chart updated and inform you of any significant changes, whether the breakout occurs or not. So, follow me and share these charts with others. Don't forget to hit the like button. Please share your views, questions, or altcoin requests if you have any. Thank you. PEACE
by Cryptorphic
11
#BTC reaches the staged resistance zone📊#BTC reaches the staged resistance zone✔️ 🧠 Judging from the chart, we have reached the periodic resistance zone as expected, so we need to be alert to the emergence of callbacks and not chase the rise in the resistance zone. ➡️ From a structural point of view, the bullish structure is intact and the ideal goal has not yet been achieved, so it is still worth looking forward to. New long participation opportunities need to wait for a callback to occur before considering them. Let’s see 👀 🤜If you like my analysis, please like 💖 and share 💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P
Long
by wolf_king888
#BTC complex consolidation stage📊#BTC complex consolidation stage 🧠 From a structural point of view, the bullish structure is intact, so we can still expect it to rise higher. However, we are currently very close to the resistance zone, so it would make more sense to consolidate back and forth between the support zone and the resistance zone. Due to the weekend, trading volume is low, so it is best to exercise more patience. ☕️ Let’s see 👀 🤜If you like my analysis, please like 💖and share 💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P
Long
by wolf_king888
Bitcoin Analysis==>>RoadmapAfter the announcement of the Consumer Price Index(CPI) Indexes , it seems that Bitcoin's correction structure has changed a little, but I still DO NOT expect an increase in its price. In terms of Elliott wave theory , Bitcoin seems to be completing the Leading Diagonal . Also, we can see Regular Divergence(RD-) between Consecutive Peaks . I expect Bitcoin to start falling again after entering the Potential Reversal Zone(PRZ) and at least fall to the Target I have specified on the chart. Note: If Bitcoin can go above $62,000, the scenario will change. Note: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze (BTCUSDT), 1-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. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
15
Bitcoin Roadmap==>>1-hour time frameThese past few days, the cryptocurrency market has been affected by news about the Mt.Gox exchange and the German government's manipulations . Bitcoin has managed to break the Heavy Support zone($61,100_$58,700) and 200_SMA(Daily) and is currently completing a pullback . In terms of Classical Technical Analysis , it seems that Bitcoin has succeeded in forming a Symmetrical Triangle Pattern ( A symmetrical triangle is usually a continuation pattern ). Regarding Elliott's wave theory , Bitcoin seems to have finished the Double Three Correction(WXY) . I expect Bitcoin to fall at least to the Lower line of the Symmetrical Triangle Pattern and Cumulative Long Liquidation Leverage . Note: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze (BTCUSDT), 1-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. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
14
#BTC long structure established📊#BTC long structure established✔️ 🧠We finally chose to break upward, which means that the long structure is established, so our bullish view will remain unchanged in the medium term. ➡️Although we are bullish, we will not chase the increase now. If there is a good correction, then we will consider buying back the reduced positions again. ➡️If the development is as expected, then the most ideal target area can focus on 63000-65000 Let’s see 👀 🤜If you like my analysis, please like 💖and share 💬 BINANCE:BTCUSDT.P
Long
by wolf_king888
#BTC rally has happened📊#BTC rally has happened✔️ 🧠From the chart, we can see that the price is consolidating between the neckline resistance zone and the support zone. At present, we need to patiently observe which side we will break through to judge how it will develop next. ➡️If we successfully break through the neckline resistance area, then the bullish structure will be established, and the ideal target can be seen around 63000+. ➡️If we continue to fall below the support zone, the next support zone worthy of our attention is 49912-51820. ⚠️But I think the probability of continuing to fall below the support zone is low, so we hold long orders near the support zone, lock in the main profit, and look forward to more in a low-risk way. Let's see👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P
Long
by wolf_king888
BTC - what if it's lower than $56 522?On May 21, the INDEX:BTCUSD chart formed a model on the weekly timeframe that describes the key logic behind the price movement. The model was confirmed by touching the trend line: After an unsuccessful attempt to retest the trendline between June 5 and June 8, the price retreated towards the 4 point ($56 522). Right now the price is trying to consolidate above this level, but if INDEX:BTCUSD still fails to trade higher during the week and goes back under $56 522, we could see price levels like $43 349 and $33 229 in the long term.
INDEX:BTCUSDShort
by TSFC
#BTC reaches buy zone, rebounds cautiously📊#BTC reaches buy zone, rebounds cautiously⚠️ 🧠From a structural perspective, although there are expectations of further declines within a larger cycle, in the actual trading process, we still need to follow the principle of buying in the buying zone and selling in the selling zone. So we shorted the intersection of the neckline and the red sell zone and have now achieved all our objectives. ➡️We test the support zone again, and the price is also in the buy zone, so we cannot chase short in the buy zone. If we break through the neckline resistance zone again, it means that the double bottom long structure is established and we will usher in a new pump🚀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P
Long
by wolf_king888
#BTC is expected to form a large cup and handle structure📊#BTC is expected to form a large cup and handle structure📉 🧠From a structural point of view, the daily level has formed a double-top bearish structure. The ideal target area of ​​this structure is 28684-39328. If the future develops as expected, then after reaching the ideal target area, I will put most of the Assets invested in BTC spot trading ➡️If it continues to rebound and hit a new all-time high, then the largest cup-and-handle structure in the history of BTC will be established. The ideal target area for this structure can be seen at 130k-170k ⚠️Of course, the structure and goals of the big cycle require more time and patience to wait☕️ Let's see👀 🤜If you like my analysis, please like 💖 and share 💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT
Short
by wolf_king888
#BTC Short Update!#BTC: Holding Strong Within the Box and EMA The anticipated bounce occurred within the expected region, reaffirming our position. Now, it's crucial to observe the weekly close for more clarity. IMHO, avoiding FOMO and waiting for clear reversal signals is wise before making any moves. Will share the weekly chart later today for the exact price levels which BTC needs to reclaim. Let me know what you think in the comment section and please hit the like button if you find my updates helpful. Thank you #PEACE
by Cryptorphic
1
#BTC/USDT#BTC The price of Bitcoin is moving in a bearish channel on a 1-day frame. The price adheres to its limits in a wonderful manner. It is expected to be breached in the coming period to the upside due to the presence of significant oversold saturation. With a bounce from the lower border of the channel, which supports the rise We have a bounce from the green support area at 54500 We have a tendency to stabilize above the Moving Average 100 We have a downtrend on the RSI indicator that is about to break higher and supports the rise Entry price is 55,800 The first target is 63325 Second target 70280 Third goal 78524 Fourth target 85350
Long
by CryptoAnalystSignal
#BTC may enter a deep adjustment stage📊#BTC may enter a deep adjustment stage📉 🧠From a structural perspective, the turning point has been broken, which means that a daily-level short structure has emerged, which means that the expectation of sideways consolidation has failed, and we may enter a deeper adjustment stage. ➡️However, we cannot chase short positions near the support zone. If we want to go short, we must wait until the price rebounds to the resistance zone before considering short selling. Let's see👀 🤜If you like my analysis, please like 💖 and share 💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P
Short
by wolf_king888
$BTC - SHOULD WE BUY OR SELL BITCOIN 2024?Let's face the truth which is Bitcoin moves on big whales' decisions ( Exchanges, Companies & Governments ). To sell a big amount of Bitcoins, you have to handle a buyer ( a Whale ) to negotiate the price and of course it all happens on exchanges. Most of small traders and investors have no idea of what will happen next months, all the data is being handled between exchanges and companies, so we are trying to forecast what will happen with the Bitcoin prices in the next months, and guess what, we could fail and stuck with highest prices for the next years ( I mean the next Bitcoin Halving 2028 ). If we take a look on monthly Bitcoin chart, we see big pumps and dumps. The big dumps happened when Bitcoin had crossed up 65,000 levels ( I mean the real confirmed orders NOT bots ) and The demand increased when Bitcoin had crossed down 30,000 - 25,000 levels. What We Expect: Big pumps and dumps will happen as a SNAP at unexpected time. Who bought at 15,000 and 24,000 levels needs to confirm their profits in USD. We could see Bitcoin at 100,000 supported with small orders ( Bots ) but the real buyer have a big order at 65,000 - 50,000 levels, so catching these orders are profitable for the sellers who bought at 16,000 - 22,000 levels. Eventually, Bitcoin is the backbone of crypto market. It will back to below 40k levels not for me or you but for the liquidation to start a new cycle. If you are a long-term investor , wait the lowest prices below 40,000 levels. If you are a pro-trader , you can do scalping trading while Bitcoin above 40,000 at your own risk. Have a good day and don't invest more than you can afford to lose.
by b4sk
2