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Bitcoin / TetherUS PERPETUAL CONTRACT

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Bitcoin Analysis: December 23, 2024 - Consolidation or Rebound?Hello, this is Greedy All-Day. Let’s dive into the Bitcoin analysis for today. Weekly Chart Analysis Looking at the Bitcoin weekly chart, we can identify two main yellow box zones that represent Bitcoin’s historical trading frames. Currently, in the blue box zone, Bitcoin has moved into a new frame. Examining the weekly candles, we see that the current red candle is engulfing the previous week’s green candle. As the weekly close approaches in just a few hours, it is highly likely that this bearish engulfing candle signals a consolidation phase within the frame. If we look at the green box, a similar scenario occurred in the past: after a new high was reached within the previous frame, a bearish candle emerged, followed by approximately 9 months of sideways movement. While it is unclear how long the current frame will last, the appearance of this week's red candle is not a particularly optimistic signal for future bullish momentum. The red box, which has provided support since November 2024, becomes critical. A breakdown below this zone could signify a breach of approximately five weeks of sustained support, increasing the likelihood of retesting the weekly 20-MA or even breaking below it. However, since the red box zone has not yet been decisively breached, it is still possible for Bitcoin to move sideways within the current frame. For those holding long positions, there is no immediate cause for alarm unless the price breaks below 89,400 or fails to hold the support of the weekly 20-MA. If either of these scenarios occurs, it may signal a trend reversal. Keep this in mind as you approach your trades. Daily Chart Analysis The key level to watch on the daily chart is 89,400, which coincides with the entry zone for the Ichimoku Cloud. Since November, Bitcoin has not encountered significant resistance around the daily 20-MA. However, the recent resistance at this level suggests a weakening of bullish momentum. At this point, it’s crucial to determine whether Bitcoin will: Receive support and rebound above the key levels, or Retrace further to 73,800, which was the previous frame’s entry level, and test the short-term ascending trendline. 4-Hour Chart Analysis To confirm a rebound, Bitcoin must first establish a solid foothold above the 4-hour 20-MA. Although there was a brief attempt to break above the 20-MA on December 20, 2024, Bitcoin failed to sustain its position, leading to further corrections. This indicates that surpassing the 20-MA remains a priority before addressing resistance levels. The second critical level to monitor is 99,485, which currently serves as a resistance zone. A breakout above this level would indicate diminishing selling pressure. This would also confirm the current frame's significance as Bitcoin potentially targets the next key resistance near 109,000. Conclusion Is the market overheating, or is a rebound on the horizon? Despite years of observing charts, the emergence of new wealth in this market suggests we are experiencing unique dynamics. Opportunities always arise during cycles, but entering the market during periods of rapid growth often results in losses rather than gains. Sometimes, waiting can be the best strategy. I’ll continue to provide analyses to help guide your trading decisions. Please follow me for more insights!
by Greedy_allday
Technical Analysis of Bitcoin (BTC) - 4 Hour Chart### Technical Analysis of Bitcoin (BTC) - 4 Hour Chart Current Trend Overview: Bitcoin has been exhibiting a rising wedge pattern on the 4-hour chart, indicating a potential reversal in the prevailing bullish trend. A rising wedge often suggests exhaustion in the buying pressure, leading to a breakout to the downside. Pattern Analysis: - Rising Wedge Formation: The rising wedge is characterized by converging trendlines that slope upward. The upper trendline connects higher highs, while the lower trendline connects higher lows. This formation typically forecasts a bearish reversal once a breakout occurs beneath the lower trendline. - Breakout Confirmation: A recent breakdown below the lower trendline of the rising wedge confirms the bearish sentiment. Traders often look for increased volume on the breakout for confirmation, suggesting strong selling interest. Price Targets: With the breakout indicating a shift to bearish momentum, several potential target areas can be set based on prior support levels and Fibonacci retracement zones. Here are the target areas: 1. Target 1: 99,000 - This level acts as a psychological support, as it aligns with previous highs and may attract buyers attempting to step in. 2. Target 2: 97,500 - Slightly below Target 1, this level has been a notable area of price action in the past and may provide a bounce point. 3. Target 3: 95,000 - This area has potential as a strong support level, influenced by previous price consolidations and fib levels. 4. Target 4: 93,500 - As selling pressure continues, this target corresponds to previous swing lows, which can be pivotal for the price trend. 5. Target 5: 91,000 - If price action continues to decline, this further downside target can set the stage for deeper corrections. Additional Indicators: - Volume Analysis: Observing trading volume is crucial in confirming the breakout's validity. If there is substantial volume accompanying the downward movement, it reinforces the bearish outlook. - RSI and MACD: Monitoring overbought/oversold levels through indicators like RSI may provide insights into possible reversal points or confirmation of continuation in the downtrend. A bearish crossover in MACD could also signal downward momentum. Conclusion: Given the current technical setup with the rising wedge pattern and confirmed breakout, Bitcoin appears poised for a bearish phase in the immediate future. Traders should remain vigilant and consider risk management strategies, keeping an eye on the outlined target areas for potential buy opportunities or sell-stop adjustments. Always ensure to reassess the market sentiment and broader trends, as cryptocurrency markets can exhibit high volatility and rapid shifts in sentiment. If this post is useful to you, you can support me with like/boost and advice in comments!
Short
by SRFXGlobal
BTC/USDT2 years have passed since the detailed analysis of the bottom of Bitcoin. This is my last analysis of Bitcoin until the price ceiling is reached. In these two years, I tried to make a profit by including my analysis point of view. I personally do not expect Bitcoin to fall and expect I have a one-year bullish move from Bitcoin. The hold is much harder than I thought. In these two years, my hold has affected my psyche. Try not to follow the analysis of others who talk about the fall, because there is no information about They do not have the nature of Bitcoin. I hope that Bitcoin will move according to my analysis like the last two years. This year I will celebrate the 150,000 dollar Bitcoin celebration. Remember that God is with those who are patient. I wish you health, peace and profit. Good luck.
Long
by BERYLLIUM_
3
BTC.USDT - 4HAs you can see, Bitcoin has broken down the bottom of its ascending channel at 98,000 for a long time. If it cannot confirm above 100.00 with a strong candle, we will see a fall back to the 91,000 range and the next support, which is the CME GAP in the 81,300 to 77,500 area, we can have a price correction. (Let's not forget that we are on the last holiday of the year and the market volume seems to be lower. January has been a good month for the digital currency market as in the past, and of course with the arrival of Trump)
by TjSinA
Bitcoin and altcoin overview (December 24-25)Yesterday, Bitcoin continued its decline. We don't observe strong buying activity yet, so in the near future, a test of the local minimum of $92,300 is most likely to capture additional liquidity. According to cumulative delta, there is absorption of sales through limit orders, which increases the probability of a false breakout and the development of an upward movement from these levels to $100,000. Buy zones: level $92,300 (local low), ~$80,000 (volume anomaly), $77,000-$74,000 (large volume zone). Sell zone: $100,000-$102,000 (mirror volume zone). Interesting altcoins For STMX , we are considering one of the marked scenarios. At the moment, we have received a reaction from an important volume zone, and if false breakouts of the marked levels occur, a correction should be considered.
by Crypto_robotics
BTC - Will Bitcoin Hold or Fold?Bitcoin has enjoyed a bullish 2024, reaching an all-time high (ATH) of 108K. However, the recent price action indicates a shift in momentum, with the market entering a phase of consolidation and correction. For the past 40 days, BTC has ranged between 90K and 108K, with the critical psychological level of 100K now acting as resistance. The structure of an ABC corrective pattern following a 5-wave downward impulse suggests the market is transitioning into a short-term bearish phase. Key Levels and Patterns: 1.) Head and Shoulders Pattern: A bearish Head and Shoulders pattern has formed, with 90K serving as the neckline. Once 90K is broken with significant volume, it will confirm the pattern, potentially accelerating the move downward. The target for this pattern aligns closely with the previously identified support zone at 84K–80K. 2.) Resistance at 100K: The psychological barrier of 100K has flipped to resistance, making it a critical level for bulls to reclaim. A sustained break above 100K with strong volume would indicate a possible trend reversal. 3.) Support Zone (84K to 80K): Multiple confluences align between 84K and 80K: Fibonacci Retracement (0.618): The 0.618 retracement level from the recent impulse low to the ATH is at $82,694.88. Trend-Based Fibonacci Extension: The 1:1 extension of the ABC correction points to 84K. Anchored VWAP: Calculated from the significant low at 52.5K, the anchored VWAP aligns near 81K. Fibonacci Speed Fan: The 0.618 speed fan from 52.5K to the ATH intersects around 80K, reinforcing this support zone. 4.) Liquidity Below 90K: The current range-bound movement has likely trapped many long positions above 100K, creating significant liquidity below 90K. A breakdown below 90K could trigger a liquidity sweep, driving prices rapidly toward the support zone at 84K–80K. Current Market Dynamics: Volume Analysis: Decreasing volume within the range highlights weakening bullish momentum. Confirmation of support at lower levels will require a substantial increase in buying volume. Bearish Momentum: The head and shoulders pattern, coupled with the ABC correction, signals bearish momentum that may persist into early to mid-January 2025. Neckline Support at 90K: A break below 90K would confirm the head and shoulders pattern, acting as a catalyst for further downside. Next Steps and Outlook: Short-Term Bearish Bias: Bitcoin is expected to continue its downward correction, with the head and shoulders neckline at 90K serving as a key pivot point. A confirmed break would likely drive BTC to the 84K–80K support zone. Long Opportunity at Support: Should BTC reach the identified support zone, it presents a high-probability long setup. Entry should be contingent on confirmation through: Increased buying volume. Bullish candlestick patterns (e.g., hammer, engulfing). Alignment with key moving averages and other technical indicators. Mid-Term Recovery Potential: After the correction, Bitcoin may resume its bullish trajectory. Key factors to monitor include: Reclaiming 100K as support. Overall market sentiment and macroeconomic conditions.
Short
by SiDec
BTC consolidationHow's it going everyone? Breaking down the BTC CME chart and what I am seeing. It appears we are consolidating upwards and gearing up for a parabolic move. However, there is still a CME gap to watch for at $77k that I have kept in the back of my mind. It is possible that we don't close that until the bear market as BTC is showing incredible strength! The only things I can see that will close that gap are some bearish news or some type of black swan event. There is so much money coming into BTC that I am not sure we will see that just yet. This is definitely feeling very manipulated but we have to remain patient and see what the market makers want to do as THE MARKET IS ALWAYS RIGHT! Thanks for watching!
by eddysixx
$BTC Dropped Down again and LONG Setup for $105K Price level ✨ BINANCE:BTCUSDT Dropped Down again and LONG Setup for $105K Price level area see on chart... MicroStrategy's Saylor Pitches $600 Million Bitcoin Buy to Jeff Bezos, Coming, SHIB Burns Jump 936%:Crypto News Digest by U.Today. Bitcoin Santa rally' buyers step in to drive BTC price to FWB:98K and Bitcoin (BTC) passed $98,000 after the Dec. 24 Wall Street open as "large spot buyers" lifted deflated BTC price action.The latest data from monitoring resource CoinGlass put 24-hour BTC short liquidations at nearly $40 million at the time of writing, with the cross-crypto total at $150 million. "Nice strength in bitcoin today," fellow analytics account Bitcoindata21 continued alongside a chart showing necessary volume-weight average price (VWAP) levels to reclaim next. Santa rally talk returns as BTC price gains $5,000 Data from Cointelegraph Markets Pro and TradingView showed BTCUSD hitting new local highs of $98,020 on Bitstamp. Up by more than 3% on the day, Bitcoin attracted fresh bids after a shaky start to the week saw a retest of December lows. "Yesterday, Bitcoin showed some signs of a relief rally after which price was rejected to almost new lows. Today, Bitcoin is rebounding yet again and once again into the old support," he wrote. "Overall, as long as the previously lost supports turn into new resistance additional downside should be expected. Conversely, a reclaim of these previously lost supports would obviously be bullish." Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not available for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
Long
by SUBROOFFICIAL
BTC broke parallel channel!! Now Uptrend, Downtrend or Sideways?Join our community and start your crypto journey today for: In-depth market analysis Accurate trade setups Early access to trending altcoins Life-changing profit potential Let's analyze BTCUSDT : Bitcoin (BTC) experienced a sharp decline of nearly 14% last week, closing just above $95,000. This significant drop from $108,000 to $92,200 triggered a severe market downturn. Currently, the $92,500 support level is providing crucial resistance. The direction of the next weekly BTC close will determine the overall market trend: Uptrend: If BTC closes above $96,000 next week, support will be at $96,000, and resistance at $98,500. Sideways Trend: If BTC closes between $96,000 and $92,500, support will be at $92,500, and resistance at $96,000. Downtrend: If BTC closes below $92,500, support will be at $85,800, and resistance at $92,500. A sideways or uptrend in BTC is likely to foster a bullish sentiment among altcoins, potentially leading to an altcoin season. Conversely, a downtrend in BTC could push altcoins to new lows. If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see. Happy Trading!!
by persis10t
BTC/USD Short: FibCloud Rejection and 200MA TargetOn the 8-hour BTC/USD timeframe, I have executed a short position following a clear rejection from the FibCloud, signaling strong resistance at this level. The price action showcases a classic flip of old support into new resistance, further solidifying bearish momentum. My target for this trade is the $90,000 price zone, aligning with the 200MA on the 8-hour chart. Additionally, order flow data confirms significant sell-side activity, with large orders clustered between the $90,000 and $89,000 levels, providing further confluence for this setup. The trade is structured to capitalize on the retracement move, with the potential for price consolidation or reversal upon hitting the $90K psychological and technical support zone. Technicals: • Entry Trigger: Rejection from FibCloud and resistance flip. • Target: $90,000 (aligned with the 200MA and key order flow levels). • Stop Loss: Positioned above the FibCloud to mitigate risk. • Order Flow Insight: Large sell orders between $90,000–$89,000 add weight to the bearish scenario. This setup emphasizes a disciplined approach to risk management, leveraging technical and order flow alignment for optimal execution. Stay sharp, and remember to pay yourself! Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Short
by AR33_
BTCUSDT Expert Price Action Buy/Sell Strategies!BINANCE:BTCUSDT ALEXGOLDHUNTER Chart Analysis: Bitcoin (BTC) vs Tether (USDT) on Binance (1-Hour Timeframe) Key Levels and Zones Strong High: Around 96,570 USDT Swing High: Around 95,596 USDT Swing Low: Around 94,400 USDT Order Block (OB): Around 97,340 USDT Break of Structure (BOS): Indicates potential reversal or continuation Change of Character (CHoCH): Indicates trend reversal Fibonacci Retracement Levels 0.786: 96,570.2239 USDT 0.705: 92,474.48075 USDT 0.618: 95,596.8307 USDT 0.5: 95,225.995 USDT 0.382: 95,095.1593 USDT Buy Strategy Entry Point: Look for a bullish reversal pattern or strong bullish candle near the support level around 94,400 USDT or the 0.382 Fibonacci level at 95,095.1593 USDT. Confirm the trend reversal with a Change of Character (CHoCH). Stop Loss: Place a stop loss below the recent swing low at 94,400 USDT to minimize risk. Take Profit: First target at the 0.618 Fibonacci level at 95,596.8307 USDT. Second target at the strong high around 96,570 USDT. Final target at the order block (OB) around 97,340 USDT. VIP Signal Format (lowercase) entry: 94,400 USDT tp1: 95,596.8307 USDT tp2: 96,570 USDT sl: 94,000 USDT Disclaimer This analysis is for educational purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk and may not be suitable for all investors. Always conduct your own research and consult with a professional financial advisor before making any trading decisions. Follow @Alexgoldhunter for more strategic ideas and minds
by Alexgoldhunter
$BTC - Crucial Level We got a nice absorption into 92k, price rebounded with bullish flows in equities this brought back the passive buyer behind price. So far, we're holding 96k during the weekend, however, weekly close will be a tell-tell as we need to get above m_rvwap We're now rejecting at 98.5k and if we can't get above our m_rvwap , higher chance we'll slow bleed until 88k to 86k. 98.5k is a crucial level to reclaim in the short term, else, will consider this as bearish retest.
by Tealstreet