BTC can move slingshot? - When 87k?BTC as mentioned, have a slingshot move as mentioned above and shall come to the SVP 95,010, where can move up again
BTCUSDTPERP
Bitcoin Range-Bound in Heavy Resistance – CME Gap Still Open!Bitcoin ( BINANCE:BTCUSDT ), like Gold , has been moving in a Range for the past 5-6 days and is currently in a Heavy Resistance zone($95,950-$88,500) , as it has been in the past few days .
In terms of Elliott Wave theory , Bitcoin appears to be completing a main wave 4 . The main wave 4 structure can take two forms: Double Three Correction(WXY)_Expanding Flat(3-3-5) .
I label this analysis " Short " for the following reasons:
Due to Bitcoin's higher correlation with the S&P 500 Index ( SP:SPX ) these days, I am short on the S&P 500 Index.
China’s president Xi Jinping says Trump lied about them having a phone call ; it is NOT good news for the S&P 500 Index and Bitcoin .
CME Gap($92,525-$91,415) has NOT filled yet, and I think Bitcoin will NOT start the next bullish rally before filling the CME Gap.
I expect Bitcoin to drop to at least $92,830 and then decline to the Support zone($92,000-$91,400) if the Support lines are broken.
Cumulative Short Liquidation Leverage: $96,741-$95,520
Note: If Bitcoin can touch $97,000, we should expect more pumping.
Note: If Bitcoin goes below the 100_SMA(Daily), we should expect a fall.
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).
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The decisive day of major data (BTCUSD)Yesterday, it was mentioned that the expectation of continuing to buy after a retracement of 96k was completely correct. Followers also made good profits.
BTCUSD bulls are still strong. The retracement is mainly long trading, which needs to be paid attention to at present. 96k/95k are both good buying opportunities.
TP98K-100K
Can BTCUSD continue to be purchased? The answer is definitely.Can BTCUSD continue to be purchased? The answer is definitely.
The current trend is a rebound trend after a volatile decline. The space for a short-term increase of 1,500 points is very simple. The target position is 94,700-95,200. Friends who like to do short-term swing trading can follow.
#BTC reaches weekly resistance zone, cautiously bullish📊#BTC reaches weekly resistance zone, cautiously bullish⚠️
🧠From a structural point of view, after we broke through the resistance zone at the daily level, the resistance zone turned into a support zone, so after the price fell back to this support zone, I participated in some long trades. The interim target is around 90,000, so I chose to close all positions after reaching here.
➡️In general, my mind is still in the shock trading, so I don’t look forward to the goal too far. Because we haven’t built a long structure at the daily level, we still need to be vigilant.
➡️Currently we have reached the resistance zone at the weekly level, don’t chase the rise here. We can look for some short signals in this area to participate.
⚠️Note that the large level belongs to the long trend, the correction at the daily level is over, and it is possible to start the upward trend at the daily level. Try to focus on long trades.
Let’s take a look👀
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BITGET:BTCUSDT.P
#BTC Ascending Triangle📊#BTC Ascending Triangle📈
🧠From a structural perspective, we are currently in an overlapping resistance zone. We failed to fall further yesterday to build a short structure, but continued to digest the selling pressure here in a sideways consolidation manner. Today, we attacked the heavy resistance area near 95,000 again. Only by breaking through this area can we start the surge mode.
➡️From the perspective of wave theory, there is another opportunity to form a bullish wolf wave here, which also represents a signal that the trend is about to end.
➡️From a morphological perspective, an ascending triangle has formed here, and it has now broken upward. We can expect more gains to appear.
Let's see👀
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BITGET:BTCUSDT.P
Bitcoin Repeating 2022 Structure? Same Setup, Same Outcome?Bitcoin’s current market structure is starting to mirror its 2022 setup—right before the big drop.
This chart shows a familiar pattern: a rally, a peak, first drop from the ATH, a bull trap… then the major second leg down.
If history repeats, CRYPTOCAP:BTC could be on the verge of another significant move.
Will it break the cycle this time—or follow the same path again?
📉 What do you think?
Share your take in the comments below.
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Happy Trading💰🥳🤗
BTCUSD:Adopt range trading before the breakout.Given that a number of important data are about to be released intensively, the market volatility is rising sharply. Before a clear breakout signal in the price is formed, it is recommended that within the range of $93,000 - $96,000, the range trading strategy be flexibly applied: sell at highs, and then buy at lows to build positions when the price drops back to the support level, so as to seize the band trading opportunities in the volatile market. At the same time, strictly control the position size to prevent the risk of sudden and significant fluctuations triggered by the data release.
BTCUSD
buy@93000-93500
tp:95000-95500
sell@96000-95500
tp:94000-93500
In the future, we will continue to monitor the market changes and update the trading strategies in real time.
I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
Bitcoin's 215-Day Pattern: Another Breakout Loading?The Bitcoin chart shows a repeating pattern of consolidation lasting 215 days before each major upward breakout. This cycle has occurred multiple times over the past two years, with each accumulation zone followed by a strong bullish rally.
Currently, Bitcoin is once again emerging from a similar 215-day consolidation phase, suggesting the potential for another significant move to the upside if the pattern holds. If history repeats, we could see a target around $150K.
BINANCE:BTCUSDT CRYPTOCAP:BTC
BTC Correction Likely Before ATHBTCUSDT technical analysis update
BTC price could drop to the GETTEX:89K –$91K range before moving higher. There's a CME futures gap at $90.7K, which may act like a magnet. BTC has strong support around $90K and may see a small pullback before reaching a new all-time high.
BTCUSD:Adopt range trading before the breakout.Given that a number of important data are about to be released intensively, the market volatility is rising sharply. Before a clear breakout signal in the price is formed, it is recommended that within the range of $93,000 - $96,000, the range trading strategy be flexibly applied: sell at highs, and then buy at lows to build positions when the price drops back to the support level, so as to seize the band trading opportunities in the volatile market. At the same time, strictly control the position size to prevent the risk of sudden and significant fluctuations triggered by the data release.
In the future, we will continue to monitor the market changes and update the trading strategies in real time.
I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
BTCUSD:Wait for a breakthroughToday, the price of BTC strongly broke through the threshold of $93,000. Subsequently, it started a rebound trend. After consolidating near $95,500, it failed to further break through the resistance level of $96,000 and dropped back to around $94,000. It may fall again and break below the support level of $93,000.
The breakthrough of these two key price levels will serve as an important dividing line for the subsequent trend of BTC, indicating the direction of its future price movement.
Special Reminder: A number of important economic data will be intensively released this week, and market volatility is likely to increase significantly. It is recommended that everyone trade with caution and strictly control risks.
I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
Can #BTC break through the heavy resistance zone?📊Can #BTC break through the heavy resistance zone?
🧠From a structural perspective, we are currently in an overlapping resistance zone. We are currently testing the upper edge of the heavy resistance zone again. If we cannot successfully break through, we should be wary of further pullbacks. If we fall below the low near 92,800 and establish a short structure, then we will look for short opportunities after the rebound.
➡️If we continue to break through the previous high, it means that the bullish power is still continuing. Be patient and wait for the pullback opportunity after breaking through the high to appear before looking for entry opportunities.
➡️My short position was reduced by 80% after reaching TP2, and the stop loss was moved down, so the long position hit the breakeven point and was closed. If you don’t move the SL down, you can try to use a small position to expect a scenario where you can’t break through.
Let’s see 👀
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BTCUSD：Ascending Wedge Trend and StrategiesI. Trends and Patterns
From the 4 - hour chart, BTCUSD has shown complex volatility characteristics recently:
1.Consolidation phase: The price oscillated within a narrow range in the early stage, forming a rectangular consolidation pattern. The forces of bulls and bears were relatively balanced, and there was a strong wait - and - see sentiment in the market.
2.Breakout and current pattern: After breaking through the consolidation range, the price moved upward, indicating that the bulls were dominant in the short term. However, it has now entered an ascending wedge pattern - which is a common reversal signal in technical analysis.
- Pattern characteristics: Although the price has been making short - term new highs, the upward slope has gradually flattened, suggesting that the bullish momentum is fading and the bearish momentum is gradually accumulating. Be vigilant against the risk of trend reversal.
II. Key Support and Resistance Levels
S1: $93,000. It is near the lower trend line of the ascending wedge and also a previous pullback low. If the price drops, this could form a strong support. If it is broken, it may open up a downward space, and we need to be vigilant against trend reversal.
S2: $91,500. It is the upper edge of the previous consolidation range. If the price drops significantly, this may form a secondary support to slow down the decline.
R1: $96,000. It is near the upper trend line of the ascending wedge. The price has tested it several times without a valid breakthrough, indicating strong selling pressure here and a significant short - term suppression effect.
R2: $98,000. It is a higher - level resistance target. If the price breaks through $96,000 strongly and holds above it, it may further rise to this level.
III. Trading Strategy Recommendations
1.Bullish strategy:
- Entry conditions: The price finds support near $93,000 (such as the appearance of bullish candlestick patterns like hammer candlesticks), and does not break below this level.
- Target price: $96,000 (testing the upper wedge), and if broken, look towards $97,500.
- Stop - loss setting: Break below $92,500 (below the lower edge of the support level).
2.Bearish strategy:
- Entry conditions: The price effectively breaks below the support level of $93,000 (such as closing below it for two consecutive candlesticks), or encounters resistance and falls back near $96,000 (the appearance of bearish patterns like shooting star candlesticks).
- Target price: $91,500 (the upper edge of the previous consolidation), and if it further drops, it can look towards $86,000.
- Stop - loss setting: Break above $96,500 (above the upper wedge).
3.Risk warnings:
- The reversal signal of the ascending wedge needs to be verified with trading volume (for example, if there is a significant increase in volume during the breakout, the signal is more reliable).
- Pay close attention to fundamental factors such as the expected Fed policy and regulatory dynamics of cryptocurrencies. Be vigilant against breakout movements triggered by unexpected news.
IV. Conclusion
Currently, BTCUSD is in a critical observation period of the ascending wedge. Technical analysis shows that the bullish momentum is waning, and it faces a directional choice in the short term. Aggressive traders can lightly test the waters near support/resistance levels, while conservative traders are advised to wait for clear breakout signals (such as a volume - based breakout of the upper wedge or an effective breakdown of the lower wedge) before entering the market. At the same time, strictly control positions and stop - losses to avoid volatility risks before the pattern is confirmed.
BTCUSD：Ascending Wedge Trend and StrategiesI. Trends and Patterns
From the 4 - hour chart, BTCUSD has shown complex volatility characteristics recently:
1.Consolidation phase: The price oscillated within a narrow range in the early stage, forming a rectangular consolidation pattern. The forces of bulls and bears were relatively balanced, and there was a strong wait - and - see sentiment in the market.
2.Breakout and current pattern: After breaking through the consolidation range, the price moved upward, indicating that the bulls were dominant in the short term. However, it has now entered an ascending wedge pattern - which is a common reversal signal in technical analysis.
- Pattern characteristics: Although the price has been making short - term new highs, the upward slope has gradually flattened, suggesting that the bullish momentum is fading and the bearish momentum is gradually accumulating. Be vigilant against the risk of trend reversal.
II. Key Support and Resistance Levels
S1 : $93,000. It is near the lower trend line of the ascending wedge and also a previous pullback low. If the price drops, this could form a strong support. If it is broken, it may open up a downward space, and we need to be vigilant against trend reversal.
S2 : $91,500. It is the upper edge of the previous consolidation range. If the price drops significantly, this may form a secondary support to slow down the decline.
R1 : $96,000. It is near the upper trend line of the ascending wedge. The price has tested it several times without a valid breakthrough, indicating strong selling pressure here and a significant short - term suppression effect.
R2 : $98,000. It is a higher - level resistance target. If the price breaks through $96,000 strongly and holds above it, it may further rise to this level.
III. Trading Strategy Recommendations
1.Bullish strategy:
- Entry conditions: The price finds support near $93,000 (such as the appearance of bullish candlestick patterns like hammer candlesticks), and does not break below this level.
- Target price: $96,000 (testing the upper wedge), and if broken, look towards $97,500.
- Stop - loss setting: Break below $92,500 (below the lower edge of the support level).
2.Bearish strategy:
- Entry conditions: The price effectively breaks below the support level of $93,000 (such as closing below it for two consecutive candlesticks), or encounters resistance and falls back near $96,000 (the appearance of bearish patterns like shooting star candlesticks).
- Target price: $91,500 (the upper edge of the previous consolidation), and if it further drops, it can look towards $86,000.
- Stop - loss setting: Break above $96,500 (above the upper wedge).
3.Risk warnings:
- The reversal signal of the ascending wedge needs to be verified with trading volume (for example, if there is a significant increase in volume during the breakout, the signal is more reliable).
- Pay close attention to fundamental factors such as the expected Fed policy and regulatory dynamics of cryptocurrencies. Be vigilant against breakout movements triggered by unexpected news.
IV. Conclusion
Currently, BTCUSD is in a critical observation period of the ascending wedge. Technical analysis shows that the bullish momentum is waning, and it faces a directional choice in the short term. Aggressive traders can lightly test the waters near support/resistance levels, while conservative traders are advised to wait for clear breakout signals (such as a volume - based breakout of the upper wedge or an effective breakdown of the lower wedge) before entering the market. At the same time, strictly control positions and stop - losses to avoid volatility risks before the pattern is confirmed.
BTCUSDT: Bounce Incoming?BTCUSDT Technical analysis update
-March 2024 resistance is now expected to act as a strong support level.
-The price has touched the 0.618 Fibonacci retracement level, suggesting a potential reversal from this zone.
-The 200 EMA on the 2-day chart is positioned as a strong dynamic support, reinforcing the bullish case.
We can expect a bounce from the $72-75k level.
#BTC Complex consolidation phase📊#BTC Complex consolidation phase📊
🧠Currently in the resistance zone, but the trend direction is bullish. We are doing narrow fluctuations in the range of 91800-95000. There are some contradictions between the long and short positions here. If we want to participate in new transactions, we must wait until the absolute support and resistance levels.
➡️If it falls below the first support zone near 91800, then we need to pay attention to the second support zone of 88000-89000
➡️We need to wait for the structure to become clearer before looking for new trading opportunities.
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#BTC #BTCUSD #BTCUSDT #BITCOIN #Wyckoff #Analysis #Eddy#BTC #BTCUSD #BTCUSDT #BITCOIN #Wyckoff #Analysis #Eddy
This analysis is based on the analytical style of the Wyckoff Distribution Structure of Schematics 1 and 2.
I have outlined for you the important parts of the Wyckoff style on the one-hour timeframe.
Currently, we are in Phase C of the Wyckoff Distribution Structure.
We have to wait for the completion of this phase and the start of Phase D of the Wyckoff Distribution Structure.
When will this structure be fully confirmed? When the Bitcoin price falls to the 91800 support and gathers the final spring when this support is broken for the fall, we will enter a short position by getting the necessary confirmations based on our style and strategy.
💬 Note: It is not exactly clear whether the market maker will act based on Schematic 1 or 2, so the best entry point for short positions will be the 91800 support break. If, based on the schematic 1, the Bitcoin price UTAD and test formed, high-risk traders who are willing to trade in the opposite direction can enter a short position by getting confirmation in the time frames below 15 minutes.
Where will the targets be? The first target is 62000 and the second target can be 46000 dollars.
When can you safely close the position and enter a reverse trade, that is, long or buy? When a Wyckoff accumulation structure is formed at one of the targets.
The responsibility for the trade is yours and I have no responsibility for your failure to comply with the risk and capital management.
Good luck and be profitable.
I also invite you to review and view my latest analysis on Bitcoin via the link below:
For altcoins, follow my analysis on the Total 3 chart.
My analysis of the Total 3 chart:
#BTC #BTCUSD #BTCUSDT #BITCOIN #Update #Analysis #Eddy#BTC #BTCUSD #BTCUSDT #BITCOIN #Update #Analysis #Eddy
I have identified the important support and resistance areas of the weekly timeframe for you.
I have identified the important resistance prices for the start of the decline with the red line and the important support prices for the start of the growth with the green line.
This analysis is based on a combination of different styles, including the volume style with the ict style.
Based on your strategy and style, get the necessary confirmations for this analysis to enter the trade.
Don't forget about risk and capital management.
The responsibility for the transaction is yours and I have no responsibility for your failure to comply with your risk and capital management.
💬 Note: An important analysis will be presented on the lower timeframe on Bitcoin soon, which, based on the chart and explanations sent in that analysis, you can hunt for Bitcoin's decline by getting confirmation, pay attention to the current chart and consider important liquidity, including the Decision and Extreme areas.
Be successful and profitable.
For altcoins, proceed according to my analysis on the Total 3 chart.
My analysis of the Total 3 chart:
You can also view and review my previous analyses on my TradingView page.
Please don't forget to like and follow, your support encourages me to continue on my path and provide more analysis and updates.
Accumulation Underway: Bitcoin’s Next Move Could Be ViolentBitcoin has shown a strong recovery after reclaiming the 50 EMA, which had been a major dynamic resistance across multiple levels. After accumulating between $83,000–$87,000, BTC broke out sharply and is now consolidating again just below a major resistance zone at $95,000–$97,000.
The current price action shows another accumulation phase just under resistance — similar to the previous pattern before the breakout.
A clean breakout above this resistance zone could explode Bitcoin toward $100,000+.
On the downside, if rejection occurs, the 50 EMA around $87,000 could act as strong support once again.
#Bitcoin update , 100K or 88k?#Bitcoin has moved exactly as we anticipated over the past 36 hours.
The real test comes: BTC must break above $95,700 to target the $100K milestone.
This level also marks a major distribution zone on the lower timeframes, making it a tough but not impossible barrier to overcome.
⚡ If BTC gets rejected here, expect a potential revisit to sub-$90K levels.
I’ll keep updating this chart as the price action unfolds.
If you found this helpful, bookmark this post and smash the like button to stay in the loop!
Thank you
#PEACE
Short-term shorting opportunities emergeBTC encountered significant resistance near $94,500 during this week's rally, and short-selling operations can be attempted when approaching this price level.
BTCUSD
sell@94000-94500
tp:93000-92500
I hope this strategy will be helpful to you.
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