Bitcoin / TetherUSShort
Will Bitcoin Break the Heavy Support Zone!?
Updated
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Let's make it a year of growth and prosperity together!
First, let's take a look at the reasons for Bitcoin's decline these days:
1-Profit-Taking: Long-term investors are selling after 2024's gains.
2-Federal Reserve Policy: Slower rate cuts in 2025 have dampened optimism.
3-Macroeconomic Concerns: Inflation risks and high-interest rates affect sentiment.
4-Institutional Activity: Reduced MicroStrategy purchases and Bitcoin ETF outflows show declining institutional interest.
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Now, let's take a look at the Bitcoin(BTCUSDT) chart from the point of view of Technical Analysis:
Bitcoin is currently moving in a Heavy Support zone($95,000-$90,870) and is trying to break this zone. Also, the most important Resistance for Bitcoin, in my opinion, right now is the 50_SMA(Daily) and in the next step $98,100.
In addition, with the closing of the monthly candle, we can also see the Shooting Star Candlestick Reversal Pattern.
After breaking the Uptrend lines, I expect Bitcoin to fall at least to the width of the Ascending Channel(broken) and Potential Reversal Zone(PRZ)[$90,550-$89,440].
Cumulative Short Liquidation Leverage: $97,686-$96,380
Cumulative Long Liquidation Leverage: $91,446-$90,000
⚠️Note: If Bitcoin breaks the Resistance lines and Resistance zone($96,620-$95,500), we can hope for a further increase in Bitcoin.⚠️
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Let's make it a year of growth and prosperity together!
First, let's take a look at the reasons for Bitcoin's decline these days:
1-Profit-Taking: Long-term investors are selling after 2024's gains.
2-Federal Reserve Policy: Slower rate cuts in 2025 have dampened optimism.
3-Macroeconomic Concerns: Inflation risks and high-interest rates affect sentiment.
4-Institutional Activity: Reduced MicroStrategy purchases and Bitcoin ETF outflows show declining institutional interest.
--------------------------------------------------------------------
Now, let's take a look at the Bitcoin(
BTCUSDT) chart from the point of view of Technical Analysis:Bitcoin is currently moving in a Heavy Support zone($95,000-$90,870) and is trying to break this zone. Also, the most important Resistance for Bitcoin, in my opinion, right now is the 50_SMA(Daily) and in the next step $98,100.
In addition, with the closing of the monthly candle, we can also see the Shooting Star Candlestick Reversal Pattern.
After breaking the Uptrend lines, I expect Bitcoin to fall at least to the width of the Ascending Channel(broken) and Potential Reversal Zone(PRZ)[$90,550-$89,440].
Cumulative Short Liquidation Leverage: $97,686-$96,380
Cumulative Long Liquidation Leverage: $91,446-$90,000
⚠️Note: If Bitcoin breaks the Resistance lines and Resistance zone($96,620-$95,500), we can hope for a further increase in Bitcoin.⚠️
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
As Bitcoin approaches the 50_SMA(Daily), the Resistance zone($96,620-$95,500) and Cumulative Short Liquidation Leverage($97,686-$96,380) seem to be a good situation to open a Short Position.
⚠️If Bitcoin crosses $97,880, we should expect a further increase.
⚠️The risk of this Short position is a little higher, so please pay more attention to capital management
Note
Still, my short position is alive. my Stop Loss is 97843 USDTTrade closed: stop reached
Stop Loss was touched.
Bitcoin may rise to $99,000 to $10,000.
But my opinion is that Bitcoin will start to correct again.
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