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Bitcoin_ta

Bitcoin bears aint letting it go higherBitcoin/1H exited the rising broadening wedge and stopped at the previous point of pump. Please Follow,Boost,Comment.helps me wake up in the morning ^_^ With this bitcoin dump we expected a new Lower Low to form showing that BULLS are actually OUT of the market but Nope, it held the previous point of pump showing that Bulls still have little bit more left BTC can comeup ~22.7 perform a bullish retest and goes as high as 27K stopping at the bottom of a CME GAP , jebaiting the moon boys and then crash down at the Next important Event ( FOMC , CPI ) IT could Also legdown another 5% getting close to the 20K gap , meaning no more upside and the down trend actually started. Fundementals + detailed explanation on the video Thanks for watching
BINANCE:BTCUSD.PShort
by pcmonk
Range Bound: Analyzing Key Levels in the Bitcoin MarketYesterday, the Bitcoin market experienced significant volatility; however, Today's activity was relatively subdued as the price of bitcoin fluctuated between $20,646.5 and $21,179.5. This trend persisted throughout the Asia and London trading sessions; BTC struggled to claim the Point of Control of the current range and spent most of the time between $20,650- $20,964. After the NY Open, we saw BTC start grinding upwards, and before the NY close, the price finally reached the level at which I had intended to enter a short trade, allowing me to enter at $21,144.5. Currently, the market remains within the developing range of $21,481 to $20,400, with key levels including the Value Area High at $21,237, the Point of Control at $20,908.5, and the Value Area Low at $20,677. (These numbers can vary slightly based on price action) In terms of future market activity, there are several potential scenarios to consider. Scenario no.1: Point of Control may act as a form of support, allowing the price to continue upward to reach the 0.66 Fibonacci level and the Value Area High, then get accepted into the range and begin to move towards the Value Area Low of the range. My trading strategy would be to enter a short trade, as soon as it appears that the price is being accepted in the Value area High of the range, my TP1 would be the Point of Control, and I would allow the trade to run as I anticipate that price will break through Value area Low and grab the liquidity from $20,000 level. Scenario no.2: Price continues ranging and takes the liquidity below $20,000, fills the CME gap, gets accepted back in the range, and then continues the bull trend. It is worth noting that entering a long trade in this scenario may be challenging, as it can be a continuation of a downtrend on a long-term time frame. To minimize risk, I will be monitoring the price action closely. I will wait for the price to get acceptance within the Value Area Low of the range and at the level of $20,246 before entering a conservative long position. Based on my analysis, there are several key levels to consider before jumping into any trade. On the upward trend, key levels to consider include the 0.618 fib level and an untapped weekly level at $21,827.5. f the price manages to break through this resistance, the following significant levels to watch are the daily level at $22,393, the monthly level at $23,301, and the weekly level at $24,297. On the downward trend, a consolidation area around $18,375-$18,850 may serve as support, as it previously acted as resistance before the breakout. f the price breaks through this zone, it is advisable to look for support at levels between $17,450 - $17,750, as there are several daily Naked Point of Control levels, untapped daily levels, and a 0.66 fib level from the low to the current high. I have set alerts for all these important levels and will approach potential trades with patience, carefully observing market reactions before making any decisions. If the levels do not hold, I will remain patient and look for potential opportunities at the following levels.
BYBIT:BTCUSD.P
by Pac_Meezy