Bitcoin (BTC/USD) Technical Analysis: Key Levels and Potential SThe chart highlights critical support and resistance levels along with possible price scenarios for Bitcoin (BTC/USD) on the 4-hour timeframe. The combination of technical patterns and momentum indicators offers a roadmap for potential future movements.
Key Levels:
Resistance at $95,600:
The $95,600 level serves as a key resistance point. A breakout above this level could signal a bullish continuation toward $100,740.93, aligning with the upper boundary of the channel.
Support Zone at $91,400–$90,400:
This area is a strong support zone, highlighted in blue, and represents a potential bounce point if the price continues to decline. Failure to hold this level could push Bitcoin further downward.
Lower Support Levels:
$82,265.90 and $76,125.14 are critical lower support levels if bearish momentum intensifies.
Scenarios:
Bullish Scenario: If Bitcoin rebounds from the $91,400–$90,400 support zone and breaks above $95,600, we could see a rally toward the $100,740.93 target.
Bearish Scenario: A breakdown below the $91,400–$90,400 zone could lead to a decline toward $82,265.90 or even $76,125.14, driven by increased selling pressure.
Indicator Insights:
DT Oscillator: Currently in the oversold zone, suggesting a potential short-term bounce. However, confirmation is needed from price action and resistance levels.
Conclusion: Bitcoin is at a pivotal point with significant support and resistance levels clearly defined. Traders should monitor price reactions closely around the $91,400–$90,400 zone and watch for a breakout or breakdown for directional cues.
Feel free to share your thoughts in the comments, and don’t forget to follow me for more detailed analyses!
⚠ Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research before making trading decisions.
Signals
Lingrid | GOLD climbing to NEW Levels. LONG TradeThe price perfectly fulfilled my last idea. It hit the target zone. OANDA:XAUUSD formed equal highs and is currently hovering around the 2650 level, which is a crucial point where it will decide whether to move higher or lower. However, considering that the market has been making higher lows, I think the price may retest the area above the equal highs. Looking left we can see that the price made similar behavior when it consolidated around the 2650 level before surging upward. I expect the price might form an ascending triangle pattern, with expectations for a breakout and at least reach the channel's upper border. My goal is resistance zone around 2677
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GOLD → False Breakout. Can Buyers Recover?Hello, dear friends! Ben here!
Gold has made a false breakout at $2,637 and is now searching for strong support. The current situation is highly complex, both fundamentally and technically.
Fundamentally, the situation remains challenging. Gold's weakness is influenced by the Fed's hawkish stance and the strength of the US Dollar. However, upward pressure on gold persists due to other factors, including the escalation of conflicts in Eastern Europe and the Middle East, Trump’s protectionist policies targeting Europe and Asia, and rising geopolitical risks worldwide.
Technically, after the false breakout at $2,637 (previously a resistance level), the price is now heading toward a new testing zone around $2,622. Below that, the ascending channel support at $2,606 could act as the lower boundary where buyers may start an aggressive play.
Key Support Levels: $2,622, $2,606
Key Resistance Levels: $2,637, $2,647, $2,665
Overall, I lean toward a medium-term bearish trend. However, the local situation remains tense and complicated. If the bulls manage to hold their ground within the ascending channel, gold may continue its upward move.
But! If buyers fail to maintain their position within the channel, a correction could extend the downward momentum further, leading to deeper declines.
Best regards, Bentradegold!
Will gold still continue bullish? (Yes until 2690)Hey everyone this is your boy Hunbal! I am looking for a good buy trade ready for Asian session XAUUSD is ready for a bull run I have 2 confirmations one the rejection from the support level and second choc in m30 time frame so we are hoping a good buy from here (2650) our take profit will be 300 pips 2680 and our stop loss will be 100 pips 2640 I wish we all together print some money.
Good Luck :)
Technical Analysis and Trade Setup for GBPNZDThe forex pair GBPNZD is currently trading at a price of 2.2000, with a target price set at 2.3000, indicating a potential gain of 500+ pips. This suggests a bullish outlook for the pair, as it is expected to appreciate in value. The analysis highlights that the pair is showing a good bounce from a key support level, which often signals a reversal or continuation of an upward trend. However, the trader is exercising caution by waiting for confirmation before entering the trade. This confirmation could involve technical indicators, price action patterns, or fundamental factors aligning with the upward movement. Such an approach helps minimize risk and improve the probability of success. The trade setup relies on the strength of the support level and market sentiment favoring the pound over the kiwi. Proper risk management and adherence to a trading plan are essential when executing this strategy.
Missed 101.5K sell? Don't worryMorning folks,
So, our H&S has started perfect. Right from the area that we've discussed last time - Agreement of Fib resistance and our XOP target on 4H chart, where the top of right arm should be formed.
Obviously now we consider no longs by far. H&S target stands around 85.5K - in the middle of wide K-support area of 82-89K.
If you missed entry around 101K, we could get 2nd chance around 96-96.5K, but do not expect too extended pullback. Price is at the slope of the shoulder, naturally this is not the moment for deep upside pullbacks. I would say that deep retracement, back to 100K would be unwelcome sign, suggesting weakness of the bears.
C3.AI Is it the new PALANTIR?Last time we made an analysis on C3.ai (AI) (September 06 2024, see chart below), we gave a strong buy signal that not only did it successfully hit our $28.50 Target but also broke above the 1.5 year Channel Down:
The pattern that has emerged and looks to be what might place the strongest pressure moving on, is a Channel Up, starting from he December 2022 bottom. By early February we should also have formed the first Golden Cross on the 1W time-frame and that alone can apply high buying pressure.
Technically, the next obstacle for the stock to overcome is the Resistance Zone from the 2021 consolidation, which priced the previous High of June 2023. If the 1W MA50 (blue trend-line) holds and pushes the price above the Zone, we expect an aggressive push towards potentially the All Time High (ATH) of the stock, much like Palantir did on its own break-out. A more modest technical Target before that however, would be $130.00.
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AVAXUSD Will the 1W MA50 hold and push the Cup & Handle higher?Avalanche (AVAXUSD) is about to complete a Cup and Handle (C&H) pattern on the 1W time-frame and currently the Handle part has found Support for 3 straight weeks on both the 1W MA50 (blue trend-line) and the 1W MA200 (orange trend-line).
This is also on the 0.5 Fibonacci retracement level of the Cycle. Technically we should see in the coming weeks the start of the 2nd Bullish Leg of the Bull Cycle and if it follows the C&H dynamics, we can expect it to target the 2.0 Fibonacci (blue) extension at $240.00.
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US30 Will Grow! Long!
Please, check our technical outlook for US30.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 42,645.7.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 43,102.7 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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SILVER Will Go Higher From Support! Buy!
Here is our detailed technical review for SILVER.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 30.244.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 31.757 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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NZDCAD Will Go Higher! Buy!
Please, check our technical outlook for NZDCAD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 0.804.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.814 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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DOW JONES The RSI shows the bottom is in.Dow Jones (DJI) has been trading within a 1-year Channel Up and is on a Bearish Leg since the December 05 2024 High. The price has found support so far 4 times on the 4H MA200 (orange trend-line) and is consolidating.
This is most likely a bottom formation as the 4H RSI is posting a Bullish Divergence similar to the 3 previous times in 2024 when the price broke below the 4H MA200. Technically once the 4H MA50 (blue trend-line) breaks, we should a confirmed Bullish Leg, which is what happened on all 3 occasions.
The minimum Target is Resistance 1 at 45000. Note that as long as the 1D MA200 (red trend-line) holds, the bullish trend will continue to be favored.
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GBPUSD Is Very Bearish! Short!
Here is our detailed technical review for GBPUSD.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.244.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.237 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Lingrid | AUDCHF potential CHANNEL breakout. ShortThe price perfectly fulfilled my last idea. It hit the target zone. The overall trend for FX:AUDCHF remains bearish, particularly after recently bouncing off a resistance zone following the formation of a head and shoulders pattern. Additionally, the market has broken below the previous day's low after a daily long-tailed bar, which indicates rejection of higher prices. Given these factors, I believe the market is positioned to break through the lower boundary of this channel, potentially signaling a continuation of the bearish momentum. My goal is support level 0.56150
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | ETHUSDT continues to SEE CorrectionThe price perfectly fulfilled my last idea. It hit the target level. BINANCE:ETHUSDT is currently pulling back towards a support level and the upward trendline that has been respected multiple times before. The price is consolidating above the psychological level of 3000 which might be an accumalation phase. As the market approaches the previous month's low, I believe the price could find support around this zone. If the price bounces back from this area above the psychological level of 3000, we could see a bullish momentum. My goal is resistance zone around 3720.
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GOLD hits 4-week high, eyes on NFP and Trump inaugurationOANDA:XAUUSD hit a near four-week high, although minutes from the Federal Reserve's meeting suggested it could take a more hawkish stance as inflationary pressures continue to mount.
As of the time of writing, spot gold is currently trading at around 2,659.78 USD/ounce. It rose to yesterday's high of $2,670.01, its highest since December 13.
It's worth noting that the previously released December private jobs report was weaker than expected, giving the market some confidence that the Federal Reserve may not be too cautious in cutting interest rates this year. .
ADP's national jobs report showed the U.S. economy added 122,000 private-sector jobs last month, while economists had expected a gain of 140,000.
A separate report from the Labor Department showed 201,000 people filed for unemployment benefits last week, below expectations of 218,000.
The more important factor is the US nonfarm payrolls data released on Friday, which is expected to change 163,000 jobs; Any data significantly higher than this number will have a negative impact on gold.
Markets will now be fully focused on the US Nonfarm Payrolls Data and Donald Trump's January 20 inauguration, where they expect Trump to announce a series of policy initiatives.
Minutes from the Fed's Dec. 17-18 meeting showed that officials expect inflation to ease this year but acknowledged the risk of continued price pressures, especially as they assess the potential impact from Trump's policy.
Trump's proposed tariffs could fuel inflation in the US, complicate the Federal Reserve's ability to cut interest rates and could pressure gold prices.
However, Fed Governor Christopher Waller said inflation will continue to decline in 2025 and allow the central bank to lower interest rates further, albeit at an uncertain pace.
Gold is considered an inflation hedge, but high interest rates have reduced the appeal of this non-returning asset, and in contrast to a low interest rate environment, gold will be the top choice.
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, gold is still temporarily limited by the 0.50% Fibonacci retracement level, although yesterday's trading day there were times when it briefly jumped above this level.
However, overall, the trend is still neutral with price movements gradually moving towards the top of the purple price triangle.
However, with the current position, gold has conditions to increase in price with support from EMA21, POC Volume profile and the 0.618% Fibonacci retracement level. In the event that gold breaks the $2,664 level it is likely to increase further with a target then around $2,693 in the short term, a 0.382% Fibonacci retracement point.
During the day, neutral bias with bullish positioning conditions will be brought into focus again by the following technical levels.
Support: 2,634 – 2,640USD
Resistance: 2,664 – 2,693USD
SELL XAUUSD PRICE 2683 - 2681⚡️
↠↠ Stoploss 2687
→Take Profit 1 2676
↨
→Take Profit 2 2671
BUY XAUUSD PRICE 2637 - 2639⚡️
↠↠ Stoploss 2533
→Take Profit 1 2644
↨
→Take Profit 2 2649