BTC at a Crossroads: Key Levels & Market Triggers Ahead of NFP
Welcome back, guys! I'm Skeptic, and let's dive into today's BTC analysis.
Daily Time Frame Overview
As previously mentioned in past analyses, the 85K level, followed by the 80-82K range, has been a crucial support zone for BTC. So far, price has reacted well to this level, showing strong buying pressure. Additionally, BTC has reached the Pivot Point 4 weekly level, meaning we could expect either a range-bound movement or a potential price rebound. However, the market remains highly volatile due to external factors—mainly Trump's recent actions.
On Sunday, Trump’s tweet triggered a market pump, only to be reversed the following day after his tariff war statements. Given this unpredictability, if you’re looking to buy BTC for a long-term hold, here are two key triggers to consider:
💡 Risk Management Tip: In case of a stop-loss hit, limit losses to a max of 5% of your capital to preserve long-term profitability.
4H Time Frame - Futures & Short-Term Setups
Currently, the market lacks direction and is dominated by FOMO trading. Why? Because of high-impact events happening tomorrow, which include:
📊 NFP (Non-Farm Payroll) Data Release🎤 Trump & Powell’s Speeches
These could create significant volatility, making any positions riskier than usual. If you’re looking to trade BTC futures, consider these setups:
🔔 Final Thoughts:
Let’s grow together, not alone. Help me help you! ❤️
Daily Time Frame Overview
As previously mentioned in past analyses, the 85K level, followed by the 80-82K range, has been a crucial support zone for BTC. So far, price has reacted well to this level, showing strong buying pressure. Additionally, BTC has reached the Pivot Point 4 weekly level, meaning we could expect either a range-bound movement or a potential price rebound. However, the market remains highly volatile due to external factors—mainly Trump's recent actions.
On Sunday, Trump’s tweet triggered a market pump, only to be reversed the following day after his tariff war statements. Given this unpredictability, if you’re looking to buy BTC for a long-term hold, here are two key triggers to consider:
- Trigger 1: Wait for daily candle closure above 90,700 before entering, with a stop-loss below 80,645.37 (~12-13% SL size).
- Trigger 2: A breakout above 106,378.17 could be another entry point, with a stop-loss below 90,555.54 (~15% SL size).
💡 Risk Management Tip: In case of a stop-loss hit, limit losses to a max of 5% of your capital to preserve long-term profitability.
4H Time Frame - Futures & Short-Term Setups
Currently, the market lacks direction and is dominated by FOMO trading. Why? Because of high-impact events happening tomorrow, which include:
📊 NFP (Non-Farm Payroll) Data Release🎤 Trump & Powell’s Speeches
These could create significant volatility, making any positions riskier than usual. If you’re looking to trade BTC futures, consider these setups:
- Long Trigger: Above 92,200, but for a safer entry, you can wait for confirmation at 94,628.59 or even 98,600 to ride the uptrend confidently.
- Short Trigger: Due to the PRZ (Potential Reversal Zone) around 85K and 82K, I personally won’t short here. However, if you must, you could enter a short below 88,213.36, but only if volume confirms the move and RSI enters oversold territory.
🔔 Final Thoughts:
- BTC remains highly volatile due to fundamental catalysts.
- If you’re unsure, staying out of the market is also a position.
- Drop a comment if you want me to analyze a specific coin or forex pair next!
Let’s grow together, not alone. Help me help you! ❤️
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.