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BULLUSD trade ideas

Bitcoin (BTC) Bearish Sentiment with Key Levels in FocusThe recent Bitcoin (BTC) price action suggests a bearish sentiment despite the broader long-term uptrend. The market reached an all-time high of $109,000 on January 20, 2025, before reversing, signalling potential downside risks. Formation of a Double-Top Reversal Pattern BTC has formed a double-top pattern, a classic bearish reversal setup. The critical “neckline” support level at $91,900 was breached, confirming the trend reversal. A corrective pullback from this level has intensified selling pressure, increasing the likelihood of further downside movement. Key Support & Resistance Levels Immediate Resistance: $86,227 Major Resistance Levels: $89,075 $91,900 (previous neckline, now acting as resistance) Key Support Levels: $77,900 $74,900 $72,750 (long-term support) Bearish Scenario If BTC fails to sustain a move above $86,227, the price could resume its decline. A rejection at this level would reinforce downside pressure, targeting $77,900 initially, with extended losses toward $74,900 and $72,750 in a deeper correction. Bullish Alternative: Breakout Confirmation A daily close above $86,227 would invalidate the immediate bearish outlook. A sustained breakout could lead to a rally toward $89,075, followed by a potential retest of the $91,900 neckline resistance. A confirmed reclaim of $91,900 could shift momentum back to the bulls, opening the door for renewed upside. Conclusion BTC’s price action remains bearish in the short-to-medium term, with key resistance at $86,227 dictating the next move. A failure to break higher could reinforce the downtrend, while a confirmed breakout above resistance would shift sentiment bullish. Traders should closely watch these critical levels for confirmation of the next directional move. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:BTCUSD
by TradeNation
2
Bitcoin Breaks Key Support: What’s Next?📉 BTC/USD plunges -5.48% to 86,539, breaking below 91,000 support 🔎 Key Technical Breakdown: Massive rejection at 91,000, flipping it into resistance. Price is now testing the 200-day EMA (85,641) → Crucial for short-term trend. Fib retracement levels: 38.2% @ 86,672 (in play now) 50.0% @ 79,616 (next major support) 61.8% @ 72,559 (deeper pullback scenario) 📊 Momentum Shift Bearish: RSI at 27.26 → Deeply oversold (potential short-term bounce?) MACD accelerating downward → Bearish confirmation. ⚠️ What’s Next? Bulls must hold the 200-day EMA or risk a drop toward 79,616 (50% Fib). A recovery above 91,000 would be needed to shift sentiment bullish again. Critical moment for BTC – will buyers step in here? 📌 Watching reaction at 86,500-85,600 zone closely. - MW
BITSTAMP:BTCUSD
by FOREXcom
BTC to $72k-$73k to test major supportWe tried to break out of this long term channel and we were rejected like a nerd on prom day. We were tracking a short/medium term descending channel and now we have broken out of that and fast heading for bottom of overarching ascending channel. another really bit of ominous sign is we lost our 200 day moving average, this also puts us at threat of a death cross over the next month or so. Also note the rest of the crypto market for the most part, looks worse than BTC, many are at multi year lows, many have broken their multi-year ascension, few charts look appealing in crypto right now... But we are still inside that long term ascending channel and therefore, still in a bullish trend overall but a lot of things are piling up against it. So we will look to catch support at around $72- FWB:73K and then hopefully climb back up this channel. If we break the bottom of this two year ascending channel the lows could be a lot lower. The only thing that makes this a little shaky right now is that Ethereum just broke its two year ascending pattern, could it be a sign of whats to come for BTC? Stay vigilant, personally I would not consider a long before we test that bottom of channel, and even there I would urge tight stop losses for those trying to take advantage of the situation. That also stands for any crypto, never trade any alts and such without also watching BTC, when BTC is unhappy, generally the rest of the market is even more unhappy. As always, my posts are informational, DYOR.
COINBASE:BTCUSDShort
by EncryptShawn
$BTC sideways for now, long-term uptrend intactI’m waiting for CRYPTOCAP:BTC to tap 102k again, or for the yearly open at 93k. Not much happening at the moment, but I see it moving higher. Most likely, we’ll trade within January’s candle and form an inside bar. The inflection point will be at the extremes of that candle for short-term trades. If it decides to break January’s low, I’d see that as a potential re-entry point. So, in short: Continuation above 102k First possible entry at the yearly open (I think many are watching that area) Second entry at January’s low (optimal for me) For now, it’s just consolidation.
COINBASE:BTCUSDLong
by ZelfTrade
2
BTC TESTING SUPPORTBitcoin has seen a significant breakdown, losing key support at 95,000 and accelerating downward toward the demand zone around 89,000. Price wicked below this level before recovering slightly, suggesting buyers are stepping in at this historically important range. However, the overall structure remains bearish, with the 50-day moving average now acting as resistance and the trend showing clear lower highs and lower lows. Volume has spiked, confirming strong selling pressure, but it remains to be seen whether this is a true reversal point or just a temporary pause before further downside. Bulls need a decisive reclaim of lost support levels, while failure to hold above 89,000 could open the door for deeper corrections toward the next key support levels. $74,000 is the previous all time high that was never tested as support - you have heard me talk about it MANY times.
COINBASE:BTCUSD
by ScottMelker
1
BTC Rejects the 1.61 and Flirts with 1.27 Break. In a previous post I flagged up the 1.61 inflection point in BTC. After barcoding in this zone for a while we now have the early signs of rejection of the 1.61. In this type of setup the 1.27 becomes pivotal. Either we hold this area (with a small spike under) as support and then we rally to the 2.20 fib or the failure of this level is the failure of the uptrend. Looking mighty sketchy for a break now. 50K would be the capitulation target on a break.
BITSTAMP:BTCUSDShort
by holeyprofit
5