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Bitcoin (Cryptocurrency)

BIGGEST ECONOMIC RESET: BTC!🚨 WHAT IF THE BIGGEST ECONOMIC RESET IS HAPPENING BEFORE OUR EYES? 🚨 We’ve seen governments manipulate markets before, but what if we’re witnessing the most sophisticated financial maneuver in history? Right now, the U.S. is drowning in historic levels of debt—over $35 trillion—with interest payments soaring to nearly $1 trillion per year. The system is unsustainable. But what if Trump, or whoever is pulling the strings, is playing the ultimate financial chess game? 🎭 🔹 The Playbook: 1️⃣ Crashing Bitcoin from $109K to $60K: • Market manipulation? Coordinated selling? Whatever it is, we see heavy downward pressure on Bitcoin’s price. • The Federal Reserve begins lowering interest rates, making money cheaper. • Institutions, possibly even governments, buy Bitcoin at $60K, accumulating billions—or even trillions—at a discount. 2️⃣ Pumping Bitcoin to $120K: • After accumulating at low prices, strategic moves (regulatory shifts, institutional adoption, positive media cycles) push Bitcoin up. • The U.S. government (or key financial players) now holds Bitcoin at twice the original value. • Instead of selling, they use Bitcoin as collateral to take out new loans at higher valuations—doubling their money on paper. 3️⃣ Paying Off U.S. Debt with Bitcoin Gains: • Now sitting on a $10T profit, the U.S. (or its financial arms) uses the capital to pay off a significant portion of its debt. • Trump, or whoever executes this plan, is suddenly praised as the savior of the U.S. economy. • The media calls it “the greatest financial turnaround in history.” 4️⃣ Dumping Bitcoin Again—Back to GETTEX:25K -$35K: • After securing profits and lowering debt, Bitcoin is strategically dumped back down. • The cycle repeats: Buy low, manipulate, sell high, control the financial game. • The next cycle? 2027. This could be the biggest financial fraud scheme—or the smartest economic move in modern history. 💡 What If This is the Plan All Along? • Bitcoin-backed national reserves become reality. • Debt cycles are no longer a problem—they become a trading strategy. • The Federal Reserve and U.S. Treasury master market cycles instead of fighting them. • The average investor? Left chasing shadows in a manipulated system. 👀 Sounds insane? Maybe. But in a world where trillions are printed overnight, where governments engineer financial crises and solutions, and where crypto is no longer just “internet money” but a strategic asset, anything is possible. 🔥 What do you think? Is this the master plan, or just another conspiracy theory? Drop your thoughts below! #Bitcoin #Crypto #EconomicReset #Trump #FederalReserve #DebtCrisis #FinancialManipulation #Markets #Crypto2027
CRYPTO:BTCUSD
by trushkovskiy
2
BTC/USD Breakdown? Bearish Target at $70K!🔥 📉 Bitcoin Downtrend Alert! 🚨 📊 BTC/USD (4H Chart) - BITSTAMP 🔻 Bearish Structure! 📉 Lower highs & lower lows – trend is down! 📏 Descending trendline keeping price under pressure. 📌 Resistance Zone (~ FWB:83K - $85K) 🛑 Price struggling to break past strong supply area (purple box). 📉 Support Levels: 🟡 $77,500 🏗️ – Weak support? Possible break! 🔴 Target: $70,000 🎯 – Major support level ahead! 🛠️ Possible Price Action: 1️⃣ Retest resistance 🚀? 2️⃣ Rejection & drop to $77,500 ❌ 3️⃣ Break below = CRASH to $70K 💥 ⚠️ Warning: Bulls need to reclaim trendline for reversal! Otherwise, bears in control! 🐻💪 📢 Conclusion: Trend = BEARISH! Until a breakout happens, shorting may be the best play! 🎯 🔥 What do you think? Bullish or Bearish? 🤔👇 #BTC #Crypto
BITSTAMP:BTCUSDShort
by Jameshead007
Bitcoin is gearing up to drop to $50-$55K.Bitcoin is gearing up to drop to $50-$55K: Hey everyone! As you’ve probably noticed, this week altcoins and meme markets have been falling aggressively, including names from Murad's list like $SPX. ➖ The broader market also shows signs of a downturn. If you check monthly charts for the Dow Jones, S&P 500, and other indices, they’re aligning for a drop. ➖ The catalyst could be anything—from the wildfires in California to a potential strike by Iran on Israel. Take note of the prepared orders on Coinbase targeting $50-$55K. ➖ Binance’s BTC/USDT Liquidation Heatmap over the past 6 months (Model 3 from CoinGlass) also highlights liquidation interest in this area. When you put all the pieces together, the odds favor a drop. Market makers would likely want to shake out recent buyers of altcoins, meme coins, etc., before any significant rally. Avoid leverage or futures trading—it’s the easiest way to lose your deposit in this environment. No Financial Advice, Do Your Own Research.
Short
by SergioRichi
2
BTC | 4H - 1W | MACRO UpdateBTC has seen a clear bearish trend in the 4h timeframe, after the cup and handle pattern failed to play out. We also notice consecutive lower lows and lower highs, a key sign of a bearish trend. The technical indicators have turned bearish, and from a macro timeframe is shows a stairstep down may be on the cards. The moving averages in the daily has turned bearish as we lose the 200d MA. I hate to say it - but BTC is in full fledge bear mode 🐻 ________________ BINANCE:BTCUSDT
Short
by CryptoCheck-
BTC PoV The projection of a potential rise in Bitcoin (BTC) starting from liquidity points at 75K, 65K, and 57K suggests a recovery dynamic from a bearish phase. If BTC were to rise above the 75,000 USD level, it could trigger a significant bullish push, as this is an important resistance level that, once broken, would open the way for new highs. This would mark the end of a correction and the resumption of the bullish trend. On the other hand, if the price were to drop to 65,000 USD, this level could represent an accumulation opportunity, with a potential recovery from this zone, confirmed by an upward movement. In a worse-case scenario, if BTC were to fall to 57,000 USD, it would be a key support level, a zone where the market could attempt a rebound. If the buyers' response were positive, BTC could find the strength to rise again and resume its bullish trend. Essentially, the liquidity points at 75K, 65K, and 57K are critical levels in determining the future direction of BTC, with a potential recovery depending on the market’s reaction to these supports and resistances. In parallel, a potential recession in the United States could directly impact the value of the dollar, with significant implications for Bitcoin. During a recession, the Federal Reserve's monetary policies could become more accommodative, with interest rate cuts to stimulate the economy. This increased liquidity could drive investors toward assets like BTC, as Bitcoin is seen by many as a hedge against inflation and the depreciation of the dollar. If the recession were to weaken the dollar, BTC could benefit from increased demand for cryptocurrencies as an alternative to the traditional monetary system. However, if the Fed were to counter the recession with policies that strengthen the dollar, possibly to attract foreign investments, the price of BTC could suffer, as a stronger dollar might reduce Bitcoin's appeal as a safe-haven asset. In conclusion, BTC's future direction depends not only on its technical levels but also on global economic policies and macroeconomic dynamics, which could favor a BTC rally if the recession weakens the dollar, or slow its growth if the dollar maintains strength.
VANTAGE:BTCUSDLong
by Generazione_X
Bitcoin can fall to buyer zone and then start to growHello traders, I want share with you my opinion about Bitcoin. A while ago, the price entered a downward channel, where it immediately rebounded from the resistance line and dropped to the resistance level, which aligned with the seller zone. After that, BTC bounced back up, rising to the resistance line of the channel before falling to the support line. However, it quickly climbed back to the seller zone before continuing its decline within the downward channel. Later, the price reached the 99000 resistance level, reversed, and dropped to the support level, which coincided with the buyer zone. Eventually, it broke through this level, exiting the downward channel. After that, Bitcoin started trading within a triangle pattern, where it made a sharp upward impulse from the support line to the resistance line, followed by a correction to the 84400 support level. Recently, BTC rebounded from this level and attempted to grow but failed, and now it is trading near the support line of the triangle. In my view, Bitcoin could decline to the buyer zone, breaking out of the triangle pattern before beginning a new upward movement. Based on this, my target is set at 93000. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
19
TradeCityPro | Bitcoin Daily Analysis #30👋 Welcome to TradeCityPro! Let's dive into the analysis of Bitcoin and key crypto indices. As usual, today I will review the futures triggers for the New York session. ✨ Yesterday, our short trigger was activated, and we were able to open a good position. We also have a trigger today, so let's go through the analysis to check these triggers. ⏳ 1-Hour Timeframe As I mentioned yesterday, if the break of the 83151 area was fake, you could have entered a position at the trigger of 821288, which indeed happened. This trigger was activated, and the price moved down to the area of 77598. Currently, the price has moved up again and has made a correction up to the 821288 area again. 💥 This trigger was for one-time use, and we opened a position with it yesterday, so I have removed it from the chart since we no longer need to use it and the price has not reacted to it anymore. ✅ Currently, I am waiting to see what new structure the price will form, from which area it will reject, and what structure it will create. For now, to consider a long position, we must first wait for this new structure to form. If this structure does not emerge, you can enter a long position if 83151 breaks again. 🔽 For short positions, the situation is quite clear: if the floor of 727598 breaks, you can enter a short position targeting 72753. An important note about the recent upward movement is that market volume is decreasing, indicating a weakness in the trend, and it seems that the power still lies with the sellers. 💫 The RSI has risen above the area of 50. If it goes back below 50, you can take that as a confirmation of momentum for a short position. 👑 BTC.D Analysis Let's move on to the analysis of Bitcoin dominance. Finally, dominance has exited the small range box that was formed between the areas of 61.07 and 61.61, and it broke this box upwards as the market fell. 🎲 This situation caused the altcoins and indices like Total2 to fall more than Bitcoin itself. As you can see, dominance has approached the very important resistance area of 62.19. If dominance can stabilize above this area, the next resistance for dominance will be 62.66. 🧩 The trigger for Bitcoin dominance turning bearish is still the area of 61.61 for now. 📅 Total2 Analysis As you can see, our trigger in the area of 1.01 was activated yesterday, and Total fell to $953 billion, finally falling below $1 trillion after a long time. ☘️ Currently, after the breakdown and the price reaching a lower support, we witnessed a reaction from the buyers that caused the price to rise slightly. Now it seems that the price is setting a lower high compared to its previous high. If this event occurs, with the break of the area of 953, we can open a short position. ⭐️ However, for long positions, I am currently waiting for the chart to form a new structure. If there is a sudden upward movement without significant structure formation, the only trigger for a long position remains the break of 1.01. 📅 USDT.D Analysis Let's move on to the analysis of Tether dominance. As you can see, Tether dominance also experienced a breakout yesterday, breaking the area of 5.49 and moving upwards. The resistance that was above dominance was at 5.86, which dominance did not reach but came close before moving downwards again. 🧲 Currently, it seems that dominance has re-entered below the area of 5.49. If it can consolidate below this and break its ascending trendline, we can say that the increase in Tether dominance will finally halt. In this case, dominance could move lower, and the market might undergo a slight bullish correction. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
by tradecitypro
9
Bitcoin Drops 27% from Record High Amid Market SelloffBitcoin fell to $78,000 on Monday, down 27% from its all-time high, as crypto and stock markets lost a combined $6 trillion. Crypto market capitalization dropped 4% to $2.67 trillion, its lowest since November 9, shedding $1.2 trillion since December 17. Bitcoin hit a multi-month low, falling from its January peak of $107,000. Stocks mirrored the decline, with the S&P 500 losing $1.4 trillion—its worst single-day drop since 2022. The sharp selloff reflects a shift from risk assets, with the Fear and Greed Index plunging to 14, a two-year low, signaling extreme risk aversion. This contrasts with last year’s post-Trump election rally, where the index peaked at 92. Technically, the first support for BTC is at $78k, with subsequent levels at FWB:73K and $65k. On the upside, the initial resistance is at GETTEX:89K , followed by $95k and $100k.
BITSTAMP:BTCUSD
by ChartMage
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
Bitcoin Forecast by NEoWaveIn the previous analysis, I said that we seem to be in wave-(e) of D. We considered wave-D as a diametric, which seems to have ended with the drop in Bitcoin price and we should consider the diametric to be over and change the labeling a little. Currently, considering what happened, we have two scenarios: Scenario 1 In this scenario, if the Bitcoin price is maintained above $70,000, there is a possibility of a double combination pattern, the second pattern will probably be a Diametric or Neutral Triangle or a Reverse Contracting Triangle, and wave-D (higher degree wave) will continue. In this case, the price could touch $150,000. Scenario 2 In this scenario, if the price goes below the key level of $70,000, we should consider wave-D to be over and the price could decline to the range of $49,000-43.00 and wave-E will be completed.
BINANCE:BTCUSD
by NEoWave-Academy
Bitcoin will be super bullish soon (1D)The market maker has created a scenario that makes everyone believe the bear market started a while ago. However, there are signs on the chart showing that Bitcoin may register a new ATH. The best zone for rebuying Bitcoin is the green area. From the green zone, we expect Bitcoin to move toward the specified targets. The closure of a daily candle below the invalidation level will invalidate this analysis. Do not enter the position without capital management and stop setting Comment if you have any questions thank you
by iMoneyTeam
Uniswap will reach $135Timeframe : Weekly chart Price Levels: The current price is not explicitly labeled, but the chart shows a range from approximately $4 to $6.32 (based on the visible y-axis and the latest candlestick). The price action spans from a low near $4 in late 2022 to a peak around $6.32 in early 2025, with a correction phase labeled. Trend Overview: 2022-2023: The price starts around $4 and experiences a gradual uptrend with some volatility, consolidating between $4 and $5 for much of this period. 2024: A sharp upward move occurs, peaking near $6.32, followed by a correction phase. Early 2025: The price is in a consolidation or correction phase, with the latest candlesticks showing a slight recovery. 2. Key Patterns and Annotations Descending Triangle: The chart features a descending triangle pattern, similar to the Ethereum chart you shared earlier. Upper Resistance: A horizontal resistance line around $6.32 (the recent peak). Lower Support: A descending trendline (sloping downward) that the price has been testing, currently near $4.50-$5.00. The price is approaching the apex of the triangle, suggesting an impending breakout (upward or downward). Correction Phase: The chart labels a "Correction" phase after the peak at $6.32, where the price retraced to the $4.50-$5.00 range. This correction likely reflects profit-taking or broader market pressure after the rally. Breakout Prediction: An upward arrow is drawn, indicating a potential breakout to the upside, possibly targeting the $6.32 resistance again or higher. This suggests optimism for a significant upward move. 3. Support and Resistance Levels Support: The $4.50-$5.00 level appears to be a strong support zone, as the price has bounced multiple times in this range during the correction. If this support breaks, the next level could be around $4.00 (a psychological and historical support from 2022-2023). Resistance: The $6.32 level is a key resistance, marking the recent high. A break above this could signal a continuation of the prior uptrend. Intermediate resistance might be around $5.50-$6.00, a prior consolidation zone. 4. Volume and Momentum (Not Visible but Inferred) Volume bars are not clearly visible, but typical behavior suggests: Volume likely increased during the rally to $6.32 and decreased during the correction as selling pressure eased. A breakout would need a volume spike to confirm, especially if the price breaks above the descending trendline (around $5.50-$6.00). Momentum indicators (e.g., RSI or MACD) could help determine if the price is oversold or showing bullish divergence, supporting a reversal. 5. Potential Scenarios Bullish Breakout: If UNISWAP breaks above the descending trendline (around $5.50-$6.00) with strong volume, it could confirm the breakout. The target might be the $6.32 resistance, representing a ~20-25% move from the current $5.00 level, or potentially higher if momentum carries it past the prior peak. This aligns with the upward arrow and suggests accumulation by larger players (e.g., whales) during the correction. Bearish Breakdown: If the price fails to hold the $4.50-$5.00 support and breaks below, it could signal a bearish continuation. The next support at $4.00 could be tested, potentially leading to further downside. Consolidation: If the price remains within the triangle (between $4.50 and the descending trendline), it might continue to consolidate until a catalyst (e.g., market news, volume surge) triggers a move.
BINANCE:UNIUSDLong
by sohaibfx
2
Bitcoin will reach at $221,0001. Overview of the Chart Asset: Bitcoin (BTC) / USD Timeframe: Daily (D) Platform: TradingView Date Range: Approximately mid-2023 to March 11, 2025 Current Price (as of Mar 11, 2025): $76,697.39 (shown in the top right corner) 2. Price Movement Historical Trend: From mid-2023 to late 2024, Bitcoin shows a steady uptrend with some corrections. The price rises from around $25,000–$30,000 to a peak near $100,000 by late 2024. Recent Action: After hitting a high around $100,000 in late 2024, the price corrects downward, dropping to around $75,000–$80,000 by early 2025. The current price as of March 11, 2025, is $76,697.39, indicating a slight recovery or stabilization after the correction. 3. Technical Patterns Ascending Triangle Formation: The chart shows an ascending triangle pattern from mid-2024 to late 2024. This pattern is characterized by: A flat resistance line around $95,000–$100,000 (the horizontal line where the price struggles to break through multiple times). An ascending support line (sloping upward), indicating higher lows as buyers step in at progressively higher prices. Breakout: In late 2024, the price breaks above the resistance of the ascending triangle, reaching a high near $100,000. This breakout is typically a bullish signal, often leading to a continuation of the uptrend. Target Calculation: The target for an ascending triangle breakout is often calculated by measuring the height of the triangle (from the base to the resistance) and projecting it upward from the breakout point. The height of the triangle appears to be roughly $30,000 (from the base around $65,000 to the resistance at $95,000). Adding this to the breakout point of $95,000 gives a target of approximately $125,000. However, the price only reached around $100,000 before correcting, suggesting the breakout may not have fully played out or was interrupted by market conditions. Trendline Upward Trendline: A long-term upward trendline (drawn in orange) connects the higher lows from mid-2023 onward. This trendline has acted as support during the uptrend. Current Position: As of March 11, 2025, the price is testing this trendline around the $75,000–$80,000 level. This is a critical area to watch, as a bounce from this trendline would confirm continued bullish momentum, while a break below could signal a deeper correction. 4. Support and Resistance Levels Support: The long-term trendline around $75,000–$80,000 is a key support level. If this trendline fails, the next significant support could be around the base of the ascending triangle, near $65,000. Resistance: The previous all-time high around $95,000–$100,000 is now a resistance zone. The price struggled to break above this level multiple times before the breakout and may face selling pressure if it approaches this zone again. 5. Price Action Analysis Post-Breakout Correction: After breaking out of the ascending triangle, Bitcoin hit a high near $100,000 but failed to sustain the momentum, leading to a correction. This is not uncommon after a breakout, as markets often pull back to retest previous resistance (now support) or other key levels like the trendline. Current Position: The price is at a critical juncture as of March 11, 2025. It’s testing the long-term trendline support around $76,000. The fact that it’s holding above this level (at $76,697.39) is a positive sign for bulls, but confirmation of a bounce with strong volume would be needed to signal a resumption of the uptrend.
BINANCE:BTCUSDLong
by sohaibfx
9
BTC, Fibs, Market Psychology, and You: A Primer The Setup I've identified a compelling technical setup that suggests BTC could be heading toward the $9,000-$9,850 range. This isn't just another bearish call - it's based on a rare convergence of multiple technical factors that I've rarely seen align so perfectly in my 18 years of trading markets. Technical Confluence Zone What makes this setup particularly compelling is the convergence of multiple independent technical factors around the same price zone: 1. Unfilled CME Gap : The Bitcoin futures chart shows a persistent unfilled gap from 2020 between $9,655 and $9,850. This gap has survived multiple market cycles without being filled, making it increasingly significant. 2. Key Fibonacci Level : The 0.382 Fibonacci retracement level sits at $9,024.11, remarkably close to the lower bound of the CME gap when accounting for the typical futures premium over spot. 3. Elliott Wave Structure : The current price action suggests we're in Wave 4 of a larger Elliott Wave pattern. Wave 4 corrections often retrace to previous Wave 1 territory, which aligns with this target zone. 4. Fibonacci Time Cycles : The time component is equally important - Fibonacci time extensions suggest we're approaching a potential inflection point in the current cycle. Market Context Supports the Technical Picture The technical setup doesn't exist in a vacuum. Several market conditions increase the probability of this scenario playing out: 1. Market Saturation : The crypto ecosystem has expanded dramatically, with thousands of tokens diluting liquidity that was once concentrated in major cryptocurrencies. 2. Retail Exhaustion : Retail investors who entered during previous hype cycles feel unrewarded despite price recoveries, leading to diminished enthusiasm and buying pressure. 3. Institutional Distribution: Wall Street and institutions have made their presence known, which historically signals they've distributed their high-priced holdings to retail while preparing short positions. 4. Concentrated Leverage Risk : MicroStrategy's position of 499,500 BTC at a $66,000 average purchase price, funded almost entirely by massive debt issuance, creates a significant systemic vulnerability. A move toward our target zone would put extreme pressure on their balance sheet. Broader Market Context This analysis also coincides with what looks to be a tired stock market following the 2024 US presidential election. With Donald Trump winning his second term, we have seen significant policy shifts that are actively impacting both traditional and crypto markets. Historically, markets often experience increased volatility during transitions of power, and the confluence of this political shift with our technical setup creates an even more compelling case for caution. Additionally, price precedes news. The news is created on price. If you're hearing about an event, the trade has already been made. There is too much talk of unprecedented institutional participation. This is another sign that retail is being distributed to for the next meltdown. Bags were already offloaded. It's time to drop the anchor. Historical Perspective Having traded through multiple market cycles since 2007 I've seen this pattern before. Large players often target overleveraged positions to acquire assets at distressed prices. Michael Saylor experienced a leveraged meltdown once before during the dot-com crash - history doesn't repeat, but it often rhymes. Saylor is a designated whipping boy. A patsy. He will be rewarded well for his participation in fleecing you, so don't worry about what kind of skin he has in the game. With that said, I believe an undetermined Black Swan event will be necessary to complete the rug pull. What that is, I cannot know. Trading Implications This analysis suggests several potential trading strategies: 1. Risk Management : Reduce exposure to Bitcoin and high-beta altcoins until this technical target is reached or invalidated. 2. Opportunity Preparation : Build dry powder positions to capitalize on what could be an exceptional buying opportunity if BTC reaches the $9,000-$9,850 zone. 3. Watch for Triggers : Monitor for breakdowns below key support levels that could accelerate the move toward our target zone. 4. Time-Based Entries : Use the Fibonacci time cycle extensions to refine entry timing if the price approaches our target zone. Conclusion While Bitcoin's long-term prospects remain strong, the confluence of technical factors pointing to the $9,000-$9,850 range suggests a significant correction may occur before the next sustained bull run. The catalysts to reach what should be a $250k range this cycle simply do not exist, and with waning macroeconomic strength, the odds of this cycle being anything other than a massive bulltrap are low. This setup represents one of the strongest technical cases I've seen. I also don't care to share my ideas often, but with everyone expecting a typical crypto market cycle, I feel compelled to offer my take on a public forum--for whatever it may be worth. I am not shorting this market. I have removed my capital and taken an observant position. While I feel strongly about my idea--Clown World has fully taken hold and I don't dare test its resolve to break me. Remember that no analysis is guaranteed - always manage risk accordingly and be prepared to adapt as the market evolves. *Disclaimer: This analysis represents my personal view of the markets based on technical analysis and market observations. It should not be considered financial advice. Always do your own research and trade responsibly.*
INDEX:BTCUSD
by greedyboi
1
Bitcoin Uptrend Continuation AnalysisQuick analysis of BTCUSD downside targets. Remains to be seen whether the near-term Bitcoin lows will hold, but if they don't, a "bear trap" setup could be in play. There's a daily demand zone (77075-74305) wedged between the 50% and 61.8% Fibonacci retracements. The bear trap will be dependent on momentum, but watch this area if we get a flush below 78180. If bullish divergences form, bulls could look to trap bears and buy within said range. That said, keep the focus on longer-term charts. Larger timeframe buy zones are ~70K. Should the weekly RSI take a dive < 40, look for reversal signals on smaller timeframes before getting long. The high of the corrective segment denoting ideal buys is 73808 and the anchor low securing the long-term uptrend is 49351. Entries within that range, which is wide, are viable. Also multiple support/resistance "flip zones" in play circa the abovementioned levels. Bitcoin found some support ~50% Fib retrace, anchored VWAP, and sub-daily demand. It could hold here (trying to put in a intraday higher low as I type this), but I'm hoping it trades lower before higher. Godspeed! JHart
BINANCE:BTCUSDLong
by JHartCharts