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Btcusdlong

Bitcoin (BTC/USD) 1-Hour Chart Analysis – Professional BreakdownThis BTC/USD 1-hour chart showcases a falling wedge breakout, indicating a potential bullish reversal after a downtrend. The analysis suggests that Bitcoin could move toward its next resistance target of $87,550, offering a profitable long setup for traders. Let's analyze the chart in detail. 1️⃣ Market Context: Understanding the Trend 📉 Previous Downtrend Before the wedge formation, Bitcoin was in a strong downtrend after reaching a resistance level near $87,000–$88,000. Sellers took control, creating lower highs and lower lows, forming a descending wedge pattern. The price declined sharply, reflecting profit-taking, increased supply, and weak demand. 📊 Current Market Setup Bitcoin found strong support around $81,412, a level where buyers have stepped in multiple times. The price action compressed into a falling wedge, a classic bullish reversal pattern, indicating that bearish momentum was weakening. The breakout from the wedge suggests that bulls are regaining control, signaling a potential uptrend. 2️⃣ Key Technical Levels & Market Structure 🔹 Resistance Level ($87,000–$88,000) This zone has acted as a strong supply area where Bitcoin previously struggled to break through. If Bitcoin approaches this level again, a break and retest scenario would be ideal for further continuation. 🔹 Support Level ($81,412) This area has provided multiple bounces, confirming it as a demand zone where buyers are actively defending. A break below this support would invalidate the bullish setup and could lead to a downward move. 📍 Breakout Confirmation The falling wedge breakout is confirmed by bullish price action and strong buying pressure. Bitcoin is now forming higher lows, indicating a potential trend reversal. 3️⃣ Technical Chart Pattern: The Falling Wedge 📌 What is a Falling Wedge? A falling wedge is a bullish pattern that forms when price consolidates between two converging downward-sloping trendlines before breaking out upward. ✅ Characteristics of a Falling Wedge in This Chart Series of lower highs and lower lows, forming a contracting price range. Decreasing bearish momentum, seen by smaller candles near the support zone. Bullish breakout with strong momentum, signaling a reversal. 💡 Implication: A breakout from a falling wedge often leads to a strong upward move, especially if volume supports the breakout. 4️⃣ Trading Setup & Strategy 📍 Entry Strategy A confirmed breakout above the wedge with a strong bullish candle. A pullback and retest of the breakout level can provide a high-probability entry point. 🎯 Target Levels Primary Target: $87,550 (Projected based on wedge height). Extended Target: Above $88,000 if momentum continues. 🛑 Stop-Loss Placement Below the support zone at $81,412 to minimize risk. If Bitcoin falls below this level, it invalidates the bullish setup. 5️⃣ Risk & Considerations ⚠️ Potential Risks to Watch Fake Breakouts: If BTC fails to hold above the breakout level, it could result in a bull trap, causing a price reversal. Market Volatility: Crypto markets are highly volatile, and external factors (such as macroeconomic news or regulatory updates) could impact price movements. Resistance Pressure: The $87,000–$88,000 zone could act as a strong resistance, leading to possible consolidation before a decisive move. ✅ Risk Management Tips: Keep a tight stop-loss below key support. Adjust position size based on volatility. Wait for confirmation before entering trades to avoid false breakouts. 6️⃣ Conclusion: Bullish Bias but Caution Advised 📈 Bitcoin is showing signs of a potential uptrend after breaking out from the falling wedge pattern. However, traders should watch for a confirmation of strength before entering long positions. Key Points to Watch: BTC needs to hold above $83,500 to sustain bullish momentum. A strong candle close above $85,000 will further confirm bullish control. The $87,550–$88,000 resistance zone will be a crucial test for the next move. 🚀 Bullish outlook remains valid unless BTC drops below $81,412. Hashtags for TradingView Idea #Bitcoin #BTCUSD #CryptoTrading #TechnicalAnalysis #FallingWedge #CryptoSignals #TradeSetup #TradingStrategy
BITSTAMP:BTCUSDLong
by GoldMasterTrades
Is Bitcoin going to start rising?The latest U.S. economic data has brought significant impacts. The core PCE inflation witnessed a 0.4% month - on - month increase, hitting the highest growth in a year, with a year - on - year rise of 2.8%, exceeding market anticipations. Meanwhile, the long - term inflation expectation from the University of Michigan has soared to a 32 - year high, intensifying market concerns about inflation's resurgence. Currently, the market remains enveloped in macro - risks, pending a softening of market sentiment. Turning to the Bitcoin market, as depicted in today's price trend (the current BTCUSDT price is $82,338.01, dropping by $2,086.37, a 2.47% decline), the K - line chart analysis indicates a downward trend. The Williams indicator signals an oversold condition. Additionally, trading volume has contracted recently, with both price and volume decreasing, suggesting a sluggish and inactive market. Nevertheless, if Bitcoin can stabilize above $82,000 and there are signs of capital reflux, gradual position - building may be considered, with a target price set above $90,000. Investors must recognize that the Bitcoin market brims with uncertainties. Variables such as forthcoming U.S. economic data, regulatory policies, and geopolitical scenarios will all sway Bitcoin prices. In this volatile financial landscape, meticulous analysis and judicious decision - making are of utmost importance for investors navigating the Bitcoin market. BTCUSDT buy@82000-83000 tp:84500-86500 I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
BITSTAMP:BTCUSDLong
by JohnGonzalez7
1
BITCOIN Trending Higher - Can Bulls Maintain Momentum?COINBASE:BTCUSD is trading within a well-defined ascending channel, with price action consistently respecting both the upper and lower boundaries. The recent bullish momentum indicates that buyers are in control, suggesting a potential continuation toward higher levels. The price has broken above a key resistance zone and successfully retested it as support, confirming the bullish structure. This retest strengthens the case for further upside, with the next target aligning with the upper boundary of the channel near $91,000. As long as the price remains above this newly established support, the bullish outlook stays intact. However, if the price fails to hold above this zone, a deeper pullback toward the midline or the lower boundary of the channel could come into play. Remember, always confirm your setups and trade with solid risk management. Best of luck!
BINANCE:BTCUSDLong
by TrendDiva
46
BITCOIN Correction in Play - Can Bulls Regain Control?COINBASE:BTCUSD is experiencing a corrective move after forming a double top near the upper boundary of the channel. The rejection from this level has led to increased selling pressure, with price steadily approaching a significant support zone around $73,000. The confluence of the trendline support and the horizontal demand zone increases the probability of a bullish reaction. If buyers step in at this level, we could see a rebound, with a potential move toward the $90,000 resistance zone. This level could act as a short-term target within the current market structure. However, failure to hold this support could signal further downside, potentially extending the retracement toward lower levels. Traders should monitor bullish confirmation signals, such as rejection wicks, increasing volume, or bullish engulfing patterns, before anticipating a continuation to the upside. If you agree with this analysis or have additional insights, feel free to share your thoughts here! 🚀
COINBASE:BTCUSDLong
by DanieIM
63
Asymmetrical Triangle (Neutral) or AB=CD (Bullish) for BTC?BINANCE:BTCUSDT has formed bullish divergence on Daily TF and continues its upward momentum. BTC has also formed two trading patterns: 1. Asymmentrical Triangle: This neutral pattern can break out in either direction 2. Bullish AB=CD: This continuation pattern on the weekly tf coupled with bullish divergence on daily tf indicates imminent continuation of the bullish trend. Buy stop order on break of LH could be a good trading idea!
Long
by Tempo_Trades
Bitcoin (BTCUSD) Falling Wedge Breakout – Bullish Setup! 📌 Overview of the Chart Setup This daily Bitcoin (BTC/USD) chart presents a technical breakout from a falling wedge pattern, a well-known bullish reversal signal. The price has been forming lower highs and lower lows over the past months, consolidating within a tightening structure. However, the current price action suggests an early breakout attempt, which could lead to significant upside movement in the coming weeks. Let’s break down the key levels, technical insights, and trading opportunities visible in this chart. 📉 Chart Pattern: Falling Wedge (Bullish Reversal) 🔹 What is a Falling Wedge? A falling wedge is a bullish continuation or reversal pattern characterized by converging downward-sloping trendlines. It typically signals a loss of bearish momentum, leading to a breakout to the upside. 🔹 Key Observations in the Chart The price has been moving inside the falling wedge structure, with clear lower highs and lower lows. The support level around $75,000-$80,000 has been repeatedly tested, forming a strong demand zone. A trendline breakout has occurred, suggesting that bulls are regaining control over the price action. Volume is expected to increase upon a confirmed breakout, reinforcing the bullish momentum. 📊 Important Technical Levels 1️⃣ Support & Resistance Zones 📌 Support Level: The $75,000-$80,000 zone has acted as a strong base, preventing further downside. Buyers have stepped in multiple times here. 📌 Resistance Level: The $95,000-$100,000 range represents a historical resistance where price has struggled to break through. 2️⃣ Trendline Breakout The chart clearly shows a breakout above the falling wedge’s upper boundary, indicating a potential trend reversal from bearish to bullish. If this breakout holds, Bitcoin could see strong buying pressure pushing it toward its next major resistance level. 📈 Trading Strategy & Setup 🔹 Entry Confirmation To enter a long position, traders should wait for: ✅ A daily close above the wedge resistance (confirmed breakout). ✅ A successful retest of the breakout zone, which strengthens the bullish case. A breakout retest is ideal because it provides a lower-risk entry point, ensuring the breakout is legitimate rather than a false move. 🔹 Target Price Projection Using the height of the falling wedge as a projection, the potential price target is set at $118,000. This level aligns with a 35%+ upside from the breakout zone. Bitcoin must clear the $95,000-$100,000 resistance before reaching the final target. 🔹 Stop Loss Placement A stop loss is positioned at $59,896, slightly below the previous major support zone. This ensures that if the breakout fails, losses are minimized while still allowing price fluctuations within expected volatility. 🔹 Risk-to-Reward Ratio Entry around breakout level (~$87,000) Target: $118,000 (35% upside) Stop Loss: $59,896 (~30% downside) Risk-to-reward ratio: ~1:3, making this an attractive trade setup. 📢 Market Psychology & Sentiment Why This Pattern Matters? A falling wedge represents seller exhaustion. Over time, the bearish pressure weakens, leading to a bullish breakout. If Bitcoin can maintain this breakout, momentum traders and institutional investors may step in, accelerating the rally. Breaking above the resistance at $95K-$100K would confirm bullish dominance, potentially leading to new all-time highs. Potential Risks ❌ Fake Breakout: If Bitcoin fails to hold above the wedge resistance, we may see a pullback to support before another breakout attempt. ❌ Macro Factors: External factors like regulatory news, interest rate decisions, and market-wide sentiment could impact price action. ❌ Bitcoin Dominance: If altcoins start rallying, some capital may rotate out of Bitcoin, slowing the upside move. 🚀 Final Thoughts: A High-Probability Bullish Setup ✅ The falling wedge breakout suggests a strong bullish shift, with a 35%+ potential upside. ✅ A confirmed breakout above $95K-$100K will act as a final confirmation before the next leg up. ✅ Risk is managed with a stop loss at $59,896, ensuring downside protection. 🔹 Best trading approach? Wait for confirmation, manage risk, and let the trend develop. Would you like additional insights on entry techniques, volume confirmation, or potential invalidation points? 😊
BITSTAMP:BTCUSDLong
by GoldMasterTrades
BTCUSD BUY NEXT MOVE 1. Bearish Reversal Scenario: Alternative Outlook: Instead of continuing upward to the next target, Bitcoin may fail to breach the resistance and reverse downward due to a potential "bull trap." Trigger: A rejection at or near the double-top resistance around $88,000 could initiate a sell-off toward the trendline support near $85,000 or lower. Bearish Volume Confirmation: If there is a significant bearish divergence on indicators like RSI or MACD, it could confirm the weakening bullish momentum. 2. Range-Bound Consolidation: Alternative Setup: BTC might get stuck in a sideways consolidation range between $85,000 (support) and $88,000 (resistance), reflecting indecision in the market. Trigger: This could be driven by mixed macro signals (like interest rate policies, crypto market sentiment) and lack of volume to push the price strongly in either direction. 3. False Breakout (Bull Trap): Alternative Bearish Scenario: If BTC spikes slightly above the double-top resistance (around $88,000) but fails to hold the breakout level, it could trap late buyers and drop quickly. Trigger: A false breakout pattern often occurs with low volume on the breakout attempt followed by a sharp reversal. Potential Drop Target: BTC may then fall toward $83,000 or even retest $82,000 as deeper support
BITSTAMP:BTCUSDLong
by mrsamfx81
BTC/USD Trading Analysis – Double Bottom & Rising Wedge BreakoutThis BTC/USD 4-hour chart showcases a potential bullish breakout setup based on technical patterns, key support and resistance levels, and price action analysis. The chart suggests a trend reversal following a downtrend, with signs of bullish momentum building up. Let's break down the full technical analysis, covering the chart structure, key levels, price patterns, and trading strategy. 1. Market Structure & Identified Patterns A. Double Bottom Reversal – Strong Bullish Signal A double bottom pattern has formed, which is a bullish reversal signal that indicates the end of a downtrend. This pattern consists of two significant low points (Bottom 1 and Bottom 2) near the $80,000 - $81,000 support zone. The pattern confirms strong buying interest at this level, preventing further price drops. A breakout above the resistance level would confirm the pattern’s validity, signaling a move toward higher targets. B. Rising Wedge Formation – Potential Bullish Breakout The price action is consolidating in a rising wedge, forming higher highs and higher lows within a narrowing range. A rising wedge often suggests a potential breakout. Since this wedge forms after a double bottom, the breakout is expected to be bullish, rather than a bearish breakdown. If the price breaks above the wedge’s upper trendline, it will confirm a strong upward momentum. 2. Key Support & Resistance Levels Support Levels: Major Support Zone (80,000 – 81,000): This level has been tested twice, confirming buyer strength. It serves as the foundation for the double bottom pattern. Stop Loss Level (72,921): If the price drops below this level, it would invalidate the bullish setup. This level is strategically placed to manage risk and protect against potential downturns. Resistance Levels: First Resistance Zone (95,000 – 100,000): This is a critical level, as the price has faced multiple rejections here. A breakout above this zone would confirm a strong bullish trend continuation. Take Profit Targets: TP1 (108,481): The first take-profit target aligns with previous highs and is a logical point for partial profit booking. TP2 (114,372): This is the second profit target, calculated based on Fibonacci extensions and historical price movements. 3. Trading Strategy & Execution Plan A. Entry Strategy To execute a successful trade, we need to wait for confirmation of the breakout. Ideal Entry: After a strong breakout above 95,000 – 100,000, indicating bullish momentum. Confirmation Factors: Increased trading volume → Signals strong buying interest. Candle close above resistance → Confirms breakout. Retest of broken resistance as support → Strengthens bullish continuation. B. Risk Management Stop Loss Placement: Below 72,921, ensuring limited downside risk. Risk-to-Reward Ratio: The trade setup aims for a 1:3 or better risk-to-reward ratio. C. Potential Scenarios ✅ Bullish Breakout: If BTC breaks and holds above 95,000 – 100,000, we can expect a rally toward 108,481 (TP1) and 114,372 (TP2). ❌ Bearish Rejection: If BTC fails to break resistance, it could retest 80,000 or drop lower, invalidating the bullish setup. 4. Final Thoughts – What to Expect? This BTC/USD 4-hour chart analysis provides a high-probability bullish trade setup, supported by: ✅ Double Bottom Formation → Strong Reversal Signal ✅ Rising Wedge Breakout Potential → Momentum Building ✅ Key Resistance Breakout Levels Identified 📌 Conclusion: If Bitcoin breaks above 95,000 – 100,000, expect a major bullish move toward 108,481 and beyond. However, if resistance holds, we might see a retest of lower support levels. Risk management is essential for a successful trade execution. 🚀
BITSTAMP:BTCUSDLong
by GoldMasterTrades
1
Potenial inverse head and shoulders pattern for Bitcoin This is the scenario I’m believing in for the near term for BINANCE:BTCUSD . One more leg down to confirm the neckline around 78,300 USD. Quick reversal price action to retest the 92,300 USD (ish) level. If the breakout takes place to the upside, then I think we will retest the previous highs, with a higher probability of going much higher. Although I believe the tariffs will have a big impact on the USD (DXY index), which I believe will have a strong effect on BTC for the near term, around the coming 6 months. So, I believe the new high will most likely come in Q4 this year, making this cycle different from the historic crypto cycles. Although, there is still a chance that other countries will start to adopt more crypto-friendly policies for crypto or Bitcoin, making this thesis more uncertain. If the policies come out as positive, then I think there are good chances of reaching new highs earlier than Q4, 2025.
BINANCE:BTCUSDLong
by Liljan
Bitcoin's Wedge Breakout – Big Move Incoming?"Key Observations: Descending Wedge Breakout: BTC has been trading within a descending wedge pattern, which is typically a bullish reversal formation. The price has now broken above the wedge, signaling potential upside momentum. Buy Setup: A buy entry is marked around $83,900 - $85,000. The stop-loss is placed near $79,154 - $80,000, just below the previous support. The target is set at $90,126, aligning with a key resistance level. Trade Strategy: Bullish case: If BTC sustains above the breakout level, it could rally toward $90,000+, offering a strong risk-reward opportunity. Bearish case: If BTC falls back below $83,305, it may invalidate the bullish breakout and revisit lower support. Conclusion: This setup suggests bullish potential with a favorable risk-to-reward ratio. Traders should monitor BTC’s reaction at the buy zone and adjust their stop-loss accordingly.
BINANCE:BTCUSDLong
by PIPsOptimizer
(BTC/USD) – Rising Wedge Pattern - Critical Breakout Setup🔍 Market Overview & Technical Breakdown Bitcoin (BTC/USD) is currently forming a rising wedge pattern on the 4-hour timeframe, which is a bearish signal indicating a potential reversal. The price action shows higher highs and higher lows, but the narrowing wedge suggests that buying momentum is weakening. BTC has been battling a major resistance zone around $85,000 - $87,500, struggling to break higher. If Bitcoin fails to hold above the key support level at $80,000, we could see a strong downside move. However, if BTC breaks the upper resistance, the bearish setup may be invalidated, opening the door for a push toward $95,000+. 📉 Rising Wedge Pattern (Bearish Formation) A rising wedge occurs when the price moves upward within two converging trendlines, making higher highs and higher lows but with a weakening bullish momentum. This pattern often breaks downward, leading to a sharp sell-off. Characteristics of This Wedge Formation: ✅ Upward Sloping Support & Resistance Lines: BTC is trending higher, but the slope is narrowing, showing a loss of bullish strength. ✅ Decreasing Volume: Volume is declining as price moves higher, indicating buyers are losing control. ✅ Bearish Breakout Probability: Rising wedges typically break down 75% of the time, suggesting a high likelihood of a drop below support. 🔑 Key Levels to Watch 🔺 Resistance Zones (Potential Breakout Levels) 1️⃣ $85,000 - $87,500 → Strong resistance; BTC has repeatedly failed to break above. 2️⃣ $90,000+ → A confirmed breakout would invalidate the wedge and shift the trend bullish. 3️⃣ $107,000 Target → If BTC breaks above resistance, we could see a move toward the psychological $100,000 - $107,000 level. 🔻 Support Levels (Bearish Breakdown Zones) 1️⃣ $80,000 - $82,000 → Key support within the wedge; a breakdown confirms the bearish move. 2️⃣ $75,000 → Strong historical demand zone; BTC could bounce here if it drops. 3️⃣ $70,000 and Below → Ultimate bearish target if selling pressure accelerates. 📈 Bullish vs. Bearish Scenarios ⚠️ Bearish Scenario (Rising Wedge Breakdown) 🔴 Entry: Below $80,000 (confirmed breakdown). 📉 Stop-Loss: Above $83,500 (to avoid fakeouts). 🎯 Take-Profit Targets: TP1: $78,000 TP2: $75,000 TP3: $70,000 🔹 Confirmation: Look for increased selling volume and a retest of $80,000 as resistance after breakdown. 🚀 Bullish Scenario (Breakout Above Resistance) ✅ Entry: Above $87,500, confirming bullish momentum. 📉 Stop-Loss: Below $85,000 (to minimize risk). 🎯 Take-Profit Targets: TP1: $90,000 TP2: $95,000 TP3: $107,000 🔹 Confirmation: BTC must break the wedge’s upper boundary with strong volume for bullish continuation. 📊 Technical Indicators & Market Sentiment 🔵 RSI (Relative Strength Index) Currently near 60 – Showing bullish momentum but not yet overbought. A move above 70 could signal an overbought market and potential reversal. 🔴 Volume Profile Volume is decreasing as BTC rises, suggesting a possible exhaustion of buying power. A breakout should be accompanied by strong volume to confirm bullish strength. 🟢 Moving Averages (EMA & SMA) BTC is trading above key EMAs (50 & 200), supporting the bullish case. A breakdown below the 50 EMA could accelerate selling pressure. 📢 Final Thoughts: High-Risk, High-Reward Setup 🚨 BTC is at a critical decision point! The rising wedge pattern suggests a bearish reversal, but confirmation is needed. If BTC breaks below $80K, expect a strong sell-off. However, if bulls manage to break above resistance, BTC could rally toward $100K+. 🔹 Risk Management Tip: ✅ Always wait for confirmation before entering a trade. ✅ Use stop-losses to protect your capital. ✅ Monitor volume & key levels for stronger trade signals. 🔥 What’s your take on this setup? Will BTC break down or push higher? Let’s discuss in the comments! 👇
BITSTAMP:BTCUSDLong
by GoldMasterTrades
Btcusd trade idea e read caption This chart represents a technical analysis of Bitcoin (BTC/USD) on the 1-hour timeframe from Coinbase. Here are the key elements of the analysis: 1. Order Block (Green Zone): The green zone represents a significant order block, indicating an area where institutional buying or selling activity previously took place. The price has reacted strongly to this zone, confirming its importance. 2. Entry Point (White Line & Label): The price has broken above the order block, suggesting a bullish entry. This level is marked as an optimal entry zone for a long position. 3. Price Movement & Target Levels (Yellow Arrows): Two yellow arrows suggest that the price is expected to move upwards towards key resistance or profit target zones. 4. Target Levels (Dashed Lines & Blue Labels): $88,000.17 and $90,681.03 are identified as potential profit targets, indicating resistance levels where the price may face selling pressure. 5. Current Price & Trend: Bitcoin is currently trading at $85,511.26, with a 3.40% increase. The strong breakout suggests bullish momentum. 6. Market Volume (Right-Side Volume Profile): The volume profile on the right shows high trading activity around the $84,000 level, which could act as support in case of a pullback. Summary: A breakout above a key order block suggests bullish continuation. Entry is positioned above the breakout. Target levels are set at $88,000 and $90,681. High probability of upward movement based on volume and trend analysis. This analysis suggests a bullish setup with potential gains if the price sustains above the order block and moves toward the target zones.
COINBASE:BTCUSDLong
by Forex_ViP_Signalss
1
BTCUSD - A fresh look on the current supportIf you understand the mechanics of the Medianlines aka Pitchfork, then you understand the projected movement of the markets. Whatever you measure with them, the same principal applies. In the prior analysis, the framework of the Medianlines pointed us in the right direction. Now it's time to reassess this product. The 0 to 5 Count: It's often a good indication when the last sprint happens. After P5, the count starts again from 0, up to 5 again. Here we see that the P5 was reached and we get the bounce, down to the Center-Line aka Medianline, where it finds support. Could it move upward again? Absolutely, even if it where just for a pullback and the a further continuation to the downside. In fact, I even expect it to bounce up to the red resistance zone. This would mark P2 before a harder drop down to P3, cracking the Centerline. Most often after the Centerline is breached, we see a test/retest to it. (P3-P4), an exhaustion of the buyers and then the final hit on the head with a target at P5. In between P4 and P5, there's also the 1/4 line, where we often see a sudo-support. But it's not often that price starts to turn again and negating P5. It's mostly just a try, before the last drop to P5. So there you have my coffee-ground reading. Always remember, that even with such an accurate TA-Framework, we only shall trade what we see. Many thanks to the loyal followers and all likes and sharing. I always love your feedback and constructive criticism. §8-)
BITSTAMP:BTCUSDLong
by Tr8dingN3rd
BITCOIN at Key Support – Ready to Bounce to $94,000?COINBASE:BTCUSD is trading at a key demand zone, which has previously acted as strong support within the ascending channel. The recent retracement has brought the price back into this area, increasing the probability of a bullish reaction. The confluence of the support zone and the ascending trendline suggests that buyers may step in to regain control. If price confirms support within this zone, we could see a bullish continuation toward the $94,000 level, aligning with the channel’s midline and the next major resistance. However, a failure to hold this level could invalidate the bullish bias and signal a potential shift in momentum. Traders should monitor for bullish confirmation signals, such as rejection wicks, bullish engulfing patterns, or increasing buying volume, before considering long positions. A breakout above minor resistance levels along the way could further strengthen the bullish outlook. If you agree with this analysis or have additional insights, feel free to share your thoughts! 🚀
COINBASE:BTCUSDLong
by DanieIM
59
BTCUSD MORE BUY BREAKING NEWS BTC ALL TIME HIGH 100K SOON1. Overly Aggressive Upside Projection The projection to 97,450 implies a nearly 19% move up from the current level (81,693) without clear intermediate confirmations. This may overlook key lower resistance areas (such as the previous support at ~86,000–88,000) that could act as barriers before a move to 97,000. A step-by-step approach would be more reasonable. 2. Neglecting Bearish Continuation Risk The analysis focuses heavily on bullish recovery and seems to ignore the ongoing bearish trend in the last several days. If BTC fails to hold the 80,133 "bullish support area", there could be continuation to the downside toward 78,000 or even 75,000 based on prior breakdown levels. No contingency is shown in case the support fails. 3. Volume Mismatch Notice the recent volume spikes are seen on down candles, suggesting strong selling interest. There's no confirmation of buying volume accumulation to support such an aggressive reversal. Ignoring this discrepancy can lead to a false sense of bullish momentum. 4. Broad Market Context Missing The chart does not seem to factor in broader macroeconomic or crypto-specific news. Given the U.S. economy's impact (as suggested by the USD sign and U.S. flag symbols), interest rate decisions, CPI data, or regulatory news can disrupt any bullish narrative. 5. Overconfidence in Single Zone The "Support bullish area 80.133" is treated as a final reversal point. In reality, markets often fake out below such key zones before reversing (a "stop hunt"). A more realistic analysis would outline alternative supports below 80k and conservative resistance targets. Alternative Bearish Scenario (Counter Analysis) 1. Break below 80,133 triggers continuation toward 78,000 and 75,000. 2. Any bounce toward 84,000 or 86,000 could be rejected if volume does not support it. 3. Resistance between 86,000 and 88,000 should be observed for weakness if reached. 4. Lower highs and lower lows forming suggest continuation down unless broken
BITSTAMP:BTCUSDLong
by mrsamfx81