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Micro Bitcoin Futures (Jul 2024)

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The Art: BTC Fall - Big Red Candles.

The Artist: China has unveiled retaliatory tariff measures against the United States, adding an extra 34% duty on all U.S.-origin imports, which will be applied in addition to the existing tariff rates.
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🚨 UPDATE:

An inverse H&S pattern has formed, indicating a target price of 85,600, and the setup is currently active. As posted in my previous post, after sweeping the liquidity around the 81,200 level, the price advanced toward the next key liquidity zone I highlighted.

If it faces rejection from the overhead resistance levels, a potential retracement back to the 81,300 area, where approximately 82 Million in liquidations are positioned, is likely.
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🚨UPDATE:

The short-term liquidity zone is between 82,700 and 82,240, while a significant liquidity level exists around 81,780. The market may find support within the short-term liquidity range and potentially test the resistance level near 83,900, where 43.7 million in liquidity is located.
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🚨UPDATE: BTC has successfully reached the inverse Head & Shoulders target, capturing liquidity at 86,200. A confirmed breakout above the 86,500 resistance could drive the price toward the next key resistance and the flag's target at 87,800.

Additionally, there is a negative Fair Value Gap (FVG) from 86,280 to 87,070.
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🚨 Market Alert: High Volatility Expected Due to New U.S. Tariffs 🚨

Today, April 2, 2025, President Donald Trump has declared "Liberation Day" and announced sweeping tariffs on all imports. These measures could disrupt global trade and trigger significant market volatility.

🔸 Key Impact Areas:

1. 25% tariffs on imported vehicles, steel, and aluminum

2. Potential economic strain on major trade partners

3. Market uncertainty and increased risk for investors

📉 What This Means for You:
Expect sharp movements in stocks, commodities, and forex markets. Traders and investors should exercise caution, manage risk effectively, and stay updated on developments.

⚠️ Stay Alert & Trade Smart! ⚠️

BTC1! Altcoins are sacrificing themselves for Bitcoin, like loyal soldiers devoted to their queen. But Bitcoin is like a ruthless queen—feeding off the altcoins without offering them any reward in return. Damn Bitcoin.

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🚨BTC 1H Chart Update – Reversal Pattern🚨

An inverse H&S pattern has formed on the 1-hour timeframe, signaling a potential trend reversal. A confirmed breakout with strong volume could push BTC toward its projected target of 86,600.

Key Technical Observations:
1. The CME gap is now filled, which could act as a strong support upon a retest.

2. Neckline resistance near 84,462 is being tested.

3. A successful breakout above this level may initiate a bullish move toward 86,600.

Watch for volume confirmation to validate the breakout. 👍
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