🔹 Bitcoin Update 🔹
Bitcoin's recent gains have been rejected, aligning with last week's movement. Now, price has two key scenarios:
📌 Scenario 1: A potential bounce from Arrow #4 could lead to upward movement.
📌 Scenario 2: If Bitcoin fails to hold, we may see a wick down to retest the Yellow Zone before reversing back up towards Arrow #5.
⚠️ Arrow #2 is a critical level on the monthly timeframe.
If today's price action shows strong bullish momentum and closes above the Black Line, we could reject the retracement on the monthly timeframe. However, failure to do so could signal the start of a deeper retracement.
💡 Overall: Bitcoin remains in a range/downtrend with insufficient strength to confirm a full trend reversal.
🔔 Stay alert for confirmations before making decisions!
Bitcoin's recent gains have been rejected, aligning with last week's movement. Now, price has two key scenarios:
📌 Scenario 1: A potential bounce from Arrow #4 could lead to upward movement.
📌 Scenario 2: If Bitcoin fails to hold, we may see a wick down to retest the Yellow Zone before reversing back up towards Arrow #5.
⚠️ Arrow #2 is a critical level on the monthly timeframe.
If today's price action shows strong bullish momentum and closes above the Black Line, we could reject the retracement on the monthly timeframe. However, failure to do so could signal the start of a deeper retracement.
💡 Overall: Bitcoin remains in a range/downtrend with insufficient strength to confirm a full trend reversal.
🔔 Stay alert for confirmations before making decisions!
Trade active
🚨 BTC LATEST ANALYSIS🚨 #BTC remains RANGE-BOUND after last analysis, stuck in the "Black Area" (no clear direction). Weekend trading is here → expect low volume + potential fake moves!
Key Levels to Watch 🔍:
- Upper Black Area: If price *fails to break* this resistance → HIGH chance of another dip.
- Current Bias: Sideways/Down trend remains unless breakout occurs.
Stay cautious – fakeouts could trap traders. No confirmation until the range breaks!
#BTC #Bitcoin #Trading #CryptoAlert
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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.