StihlBtChainSaw

StihlBtChainSaw

Hey everyone—BTC crew and beyond! Good to be back with a fresh take to navigate this market together. Let’s get into it! What’s Going On: We’re in a new, broader range, with a mini range at the top that popped up before the breakdown. That VAL at 110,433 is our big decision point—will we reclaim it or get rejected? The NQ and SPX500 are looking bullish,...

StihlBtChainSaw

🎄 Hope everyone had a wonderful holiday and Christmas season! 🎄 As we step into 2025, let's analyze the BTCUSD market with a macro lens, integrating technical levels that could shape the next moves. 🚀 🌟 Current Market Context Bitcoin remains in a bull market, and the structure suggests that higher prices are likely in the medium-to-long term. However, short-term...

StihlBtChainSaw

Current Analysis: On the 4-hour chart, BTC is moving within a downward parallel channel, marked by lower highs and lower lows. The price action is currently constrained between the channel's red bands, with the middle range (purple line) acting as a pivotal level. At present, BTC is trading below the VAL and the middle range, signaling a bearish short-term...

StihlBtChainSaw

In this analysis, we observe a parallel channel with a range low of 58,576 and a range high of 73,881. On May 1st, there was a drop below the range low (failed auction), followed by a reclaim on May 2nd. By applying a Fibonacci retracement from the May low to the all-time high (ATH), we see a rejection at the 0.5 Fibonacci level on May 6th. Later, support was...

StihlBtChainSaw Updated 

Despite recent market jitters and bearish sentiments stemming from a significant drop, I remain bullish on Bitcoin, particularly in a higher time frame analysis. The recent downturn may seem daunting, but it's crucial to recognize that such fluctuations are often part of Bitcoin's volatile nature, especially in the midst of its ongoing bull market trajectory and...

StihlBtChainSaw

After the triangle fakeout on April 8th, Bitcoin experienced a significant drop, reaching a low of $59,660. Despite this drop, the macro perspective remains bullish. Currently, BTC is trading around the $64,000 area, with a range low of $60,000 and a range high near $70,000. Since the last update, the price moved to the Fixed Range Volume Profile (FRVP) Point of...

StihlBtChainSaw

Yesterday witnessed a triangle fakeout,leading to a significant drop and triggering numerous stop losses,with the price plummeting as low as $60,660.Despite this,the bullish sentiment remains intact in the macro perspective. Currently trading around $64,000,with the range low at $58,700,we've seen attempts to reclaim the Value Area Low (VAL) from the Fixed Range...