BTC | MASSIVE CORRECTION or BULLISH PATTERN?After the new of the recent ByBit hack, the entire market seems to have taken a dip.
(more on the bybit hack here:)
Luckily, seeing a 20% correction on Bitcoin isn't strange.. at all. It's actually quite common for the price to correct anywhere between 15% and 30%. The tell all sign will be whether or not we can reclaim the key support ABOVE 90k, otherwise we might be heading closer to that 30% dip.
Meanwhile.. another altcoin is approaching a key buy zone. Don't miss it, here:
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BINANCE:BTCUSDT
Btc-e
Binance Coin (BNB) Market AnalysisRecent Price Action & Breakdown
BNB lost the key $600 support level due to strong selling pressure, dropping 12% over the past week, aligning with the broader market downturn.
The break below $600 signals increased bearish momentum, but BNB has yet to form a lower low, indicating relative strength compared to most altcoins.
Key Support Levels to Watch
If the decline continues, buyers may step in between $550 and $500, with $500 being a historically strong support zone.
Holding above $500 is crucial, as a sustained drop below this level could lead to further downside pressure.
Potential Recovery Scenario
If $500 holds, there remains potential for a recovery, especially if the overall crypto market stabilizes.
A move back above $600 would be a bullish signal, confirming a potential rebound and resumption of BNB’s upward trend.
Conclusion
BNB is at a critical juncture. The $500 support level must hold to avoid a deeper correction.
Despite the drop, BNB shows relative strength compared to most altcoins.
Traders should watch for buying activity around the $500-$550 range, as this could indicate a recovery in the near term.
93576.0-94742.35 : Uptrend conversion zone
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(BTCUSDT 1D chart)
The key is whether the price can maintain above the M-Signal indicator on the 1W chart and rise above 97226.92.
If it is supported near 93576.0-94742.35, it is expected to turn into an uptrend.
If not, it is important whether it is supported near 89294.25.
The reason is that if it falls below 89294.25 again, it is highly likely to eventually touch the M-Signal indicator on the 1M chart.
This volatility period is March 3-5.
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Thank you for reading to the end.
I hope you have a successful trade.
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- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been in an upward trend since 2015.
In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.
Accordingly, the bull market is expected to continue until 2025.
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(LOG chart)
Looking at the LOG chart, you can see that the upward trend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we expect that we will not see prices below 44K-48K in the future.
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The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
In other words, it is the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, it is expected that this Fibonacci ratio will be used until 2026.
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No matter what anyone says, the chart has already been created and is already moving.
How to view and respond to this is up to you.
When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance.
This is because the user must directly select the important selection points required to create Fibonacci.
Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies.
1st : 44234.54
2nd : 61383.23
3rd : 89126.41
101875.70-106275.10 (Overshooting)
4th : 134018.28
151166.97-157451.83 (Overshooting)
5th : 178910.15
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Ethereum Market Analysis–Bearish Breakdown Signals Further RiskKey Developments & Price Action:
Ethereum lost its key support at $2,400 and has dropped 21% over the past week, following widespread crypto market declines.
ETH is now in a vulnerable position, struggling to find stability after this sharp sell-off.
Critical Support & Downside Risks:
The $2,000 psychological level is crucial—if ETH fails to hold above it, further downside pressure is likely.
The next major support is at $1,800, a level last seen during the 2023 bear market.
A sustained move below $2,000 could confirm a bearish market structure, increasing the probability of continued selling pressure.
Potential Scenarios:
Bullish Case: ETH stabilizes above $2,000 and begins a relief bounce toward $2,200–$2,400, reclaiming lost support levels.
Bearish Case: ETH breaks below $2,000, confirming a deeper correction, with $1,800 as the next downside target.
Market Outlook:
For now, Ethereum remains bearish and requires strong buyer support at $2,000 to avoid a deeper sell-off.
A weekly close below $2,000 would signal further weakness, while a rebound above $2,400 would help regain bullish momentum.
Caution is warranted until ETH confirms a clear bottom formation.
BTC's Potential Up to 77K & Down to 130K? Here’s WhyBINANCE:BTCUSDT has both bullish and bearish scenarios in play now.
These days, the crypto market has been stagnant—no real pump, no real dump.
🔻 If it drops, how low will it go?
There’s a potential multiple-top pattern.
If CRYPTOCAP:BTC breaks below the neckline at $92,000 with volume—or fails to reclaim it—then the target drop sits at $77,000.
🚀 If it pumps, how high can it go?
A potential multiple-bottom pattern is forming.
If MARKETSCOM:BITCOIN breaks above the neckline at $107,000 with volume—or successfully retests it—then the target is $130,000.
🔥 Short-term strategy
The Feb 3rd candle had significant volume and has been a key resistance level multiple times.
This makes it a strong reference point for entries.
(See orange & light blue arrows.)
1️⃣ Long Setup
Entry trigger: $102,500 (Feb 3rd high)
Stop loss: $91,231 (Feb 3rd low)
2️⃣ Short Setup
Entry trigger: $91,231 (Feb 3rd low)
Stop loss: $102,500 (Feb 3rd high)
💡 Prices vary across exchanges. Use the prices from your trading platform.
🔴 Read my signature & publications for more info you don’t want to miss.
🔥 for more future script "guesses" like this!
Bitcoin, Mind The Gap (85,720) The massive move initiated from Trumps tweet Sunday about the Crypto Strategic Reserve has left a massive gap on the Bitcoin Futures Chart. Gaps tend to get fill sooner rather than later, with a high 90% hit rate on gaps getting filled.
We could see a pullback this week to fill the gap with another run up following back above 90k to save the weekly close ... again.
We see confluence with the golden pocket (0.6128 - 0.65 Fib) here on that retracement and also the most amount of volume (VPVR) being traded there.
A final test of the demand below 90k, which if shown as support, will lead us back into the range of 90k to 110k.
GBPUSD FUNDAMENTALS AND TECHNICAL ANALYSISGBPUSD is currently trading at 1.265, showing strong bullish momentum as it finds solid support at this level. The gradual increase in trading volume indicates growing interest from buyers, suggesting that the pair is gaining strength for a potential move toward the 1.288 target. If this support level holds, we could see further bullish continuation in the coming sessions.
From a technical perspective, GBPUSD is respecting key support, with increasing volume confirming buyer interest. A break above minor resistance levels could further accelerate the uptrend, providing a clear path toward 1.288. If price action remains above 1.260, it will reinforce the bullish outlook, while traders should watch for any pullbacks as potential buying opportunities.
Fundamentally, GBPUSD's strength is influenced by a softer US dollar as expectations around the Federal Reserve’s rate policy shift. Any dovish signals from the Fed or weaker US economic data could push the dollar lower, giving GBP an advantage. Additionally, positive UK economic indicators or a hawkish stance from the Bank of England could further support the pair’s bullish momentum.
In summary, GBPUSD is holding strong support with increasing volume, signaling potential upside toward 1.288. If this bullish momentum sustains, traders could capitalize on the breakout, with confirmation needed through technical signals and macroeconomic developments. Keep an eye on resistance levels and market sentiment for further validation.
Bitcoin - Bitcoin, waiting for another decline?!Bitcoin is located between the EMA50 and EMA200 on the four-hour timeframe and is trading in its descending channel. Bitcoin's downward correction and its placement in the demand zone will provide us with the opportunity to buy it again. It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important. If the downward trend continues, we can buy in the demand range.
Donald Trump has issued an executive order on digital assets, directing the Presidential Task Force to move toward establishing a strategic cryptocurrency reserve that will include XRP, SOL, and ADA. He emphasized, “I will ensure that the United States becomes the cryptocurrency capital of the world.” Trump further added, “We are making America great again!”
He also highlighted Bitcoin and Ethereum as other valuable digital assets that will be central to this reserve, stating, “I love Bitcoin and Ethereum!” Following this announcement, Bitcoin responded positively to the news of the executive order.
On February 28, BlackRock made headlines after Bitcoin (BTC) dropped below $80,000. Amid speculation, some claimed that the company had sold $500 million worth of Bitcoin, playing a significant role in the price decline.
However, a closer analysis contradicts these claims. Data shows that BlackRock’s iShares Bitcoin Trust (IBIT) still holds 577,919 BTC. While this fund saw an outflow of 2,274 BTC on February 27 and a total of 10,595 BTC over the past week, this does not imply that BlackRock itself is selling Bitcoin.
These ETF outflows result from investors selling shares of the fund. In such scenarios, the ETF is required to sell Bitcoin proportionally to meet liquidity demands. Therefore, these movements are not directly tied to BlackRock’s own decision to offload BTC but rather reflect investor behavior.
Contrary to circulating rumors, BlackRock is not exiting Bitcoin; in fact, it has been increasing its exposure. Recent financial filings reveal that the company now holds a 5% stake in MicroStrategy (MSTR), up from 4.09% in September 2024.
Additionally, it has been announced that BlackRock plans to integrate its Bitcoin ETF into the firm’s $150 billion portfolio. This move suggests that rather than pulling out of the market, BlackRock is strengthening its position in Bitcoin-related assets.
Ultimately, this situation highlights how quickly rumors and speculation can spread during market downturns, but a detailed analysis of the data always provides a clearer picture of reality.
Meanwhile, Ronaldinho, the former Brazilian football star, has announced plans to launch his own cryptocurrency. He also warned his fans to stay vigilant against fraudulent meme coins.
Verbal intervention was great but what's on the back?Morning folks,
So, the pullback that we were waiting for is done. Although we thought that it will be driven by some natural forces and reasons. The way how it has happened and by what factors make us to be caution on its perspectives.
Indeed, it was just verbal intervention from D. Trump. It had bad week - scandal in White House with Zelensky, stocks are falling, crypto are falling, inflation expectations are raising, March debt ceil and shutdown is almost here, EU "allies" do not want to work together... So, to say couple of words and pump the market is not a bad idea at all.
But, what is on the back? Nothing. Special Committee will make Reserve report only by July. I'm sure on crypto Summit this week we also will hear a lot of bravery speeches, but this is just words.
This is a reason why we do not want to buy BTC now and prefer to watch for reversal signs around our resistance 96-97K area. Sooner or later but fundamentals should return control over the market.
I do not have yet the specific picture but, since we have strong upside momentum - it should fade and appearing, say H&S or butterfly pattern, together with completion upside XOP target seems as great combination. Once this patterns will be formed, we could try to use it for short entry.
Bitcoin Weekly Timeframe Update: Technical AnalysisLast week closed at $94,265. The lowest close since Bitcoin broke above 90K on the 11-Nov. session happened at $93,563, the 26-Dec. 2024 week. The highest close happened at $104,447 on the 9-Dec. week. This is the trading range. Between $93,000 and $104,000 based on candle close.
Bitcoin went sideways starting early December 2024 and continues sideways to this day. We are projecting an end to this pattern in the coming weeks and months. I can say it is over now but before it shows we need a weekly close above 104. It can take some time because we are set to experience slow and steady grow. Imagine Bitcoin's price growing daily by $500 on average, or maybe $800 or $1,000. It would take 20 days of +$500 daily for Bitcoin to reach $103,000. Just an example.
10 days at +$1,000 each day would add $10,000 to Bitcoin's price. So it would take 30 days to add $30,000. $30,000 would put Bitcoin at $123,000. So imagine Bitcoin trading at 120K in April 2025.
It can go faster or slower but these examples can start to create a picture. With this picture we can build a map.
Last week closed as a hammer. When the hammer shows up at the bottom of a move, it spells the end of such move. Bitcoin didn't produce a downtrend but the three months sideways, between November '24 and February '25 can count as a trend. If the same period had a downward bent, last week's drop and recovery would signal the end of such trend.
Hold on. Let me try and speak clearly. I am saying that the bottom is in.
The new week can start shy and speed up toward the end. The truth is that we have good news and this good news sealed the bottom but the market still has to go through its loading phase. I am talking about several months of bullish consolidation before a major rise takes place. The good news is that a portion of the market, many of the smaller Altcoins, will start to boom in response.
Let's talk resistance and support.
$90,000 is a strong support. There has never been a close below this level. A wick can always touch it or pierce it but this would be short-term. When undesirable action develops, we look for the weekly timeframe for confirmation. Last week is the best example of all. Six days red but the week ended up being neutral. The chart technicals and dynamics stayed the same. Actually, the long lower wick ended up producing a bullish signal.
$90,000 followed by $85,000 are the immediate and main support.
The immediate resistance is set at $97,444.
Once Bitcoin moves and closes above $97,400 we can expect nice growth. While Bitcoin remains below this level, we are still mixed and within consolidation and accumulation. Bullish advance and higher gets confirmed once this resistance breaks.
Once broken, we can consider higher prices, we aim directly at new All-Time Highs. All levels that have been challenged in the past we can ignore. So the main target would be $120,000 followed by $128. Then we have $159,000 and the rest can be consider for the long long-term.
The in-between targets can be seen on the chart.
Thank you for reading.
Namaste.
Velas (VLX) Technical Analysis & Market Outlook – March 2025🚀 Velas (VLX) Technical Analysis & Market Outlook – March 2025 🚀
📊 Current Market Structure & Technical Indicators
🔹 Trend Overview: Velas has been in a prolonged descending trading channel, reaching its lowest price of 2025, making this a potential accumulation zone.
🔹 Key Support & Resistance Levels:
Support: 🟠 $0.00399 (historical low) and $0.00526 (current price level).
Resistance: 🔵 $0.00749 (major breakout target) and $0.00900 (mid-term bullish target).
🔹 Indicators Analysis:
WMC Cipher B Divergences: Strong bullish divergence detected, suggesting upward momentum.
RSI (14): Currently at 56.50, breaking above the neutral zone, indicating a reversal trend.
Money Flow Index (MFI): Positive inflow, signaling increasing interest and potential accumulation.
Stochastic (14,3,1): Overbought but still showing strength in the recovery phase.
📌 Conclusion: VLX has reached its lowest point and is forming a potential breakout from the descending channel. A break above $0.00749 will confirm a bullish trend.
🔥 Velas Ecosystem Updates & Growth Potential 🔥
💡 Major Developments in the Velas Ecosystem
✅ 1M VLX Tokens for Staking Rewards!
Just last week, in collaboration with @AccumulatedFi, 1 million VLX tokens were allocated and distributed among $stVLX stakers, further boosting incentives for long-term holders.
✅ Subchains & Advanced Smart Contract Features
Two weeks ago, Velas introduced a powerful devnet update, significantly improving scalability and efficiency:
Hosting Subchains: New architecture supports subchains with an updated configuration (semi-compatible with geth init).
Improved Subchain Management: More efficient program instructions, leading to faster and smoother blockchain operations.
Mint/Burn Token Mechanism: Subchains now support a dynamic mint/burn token system, enabling more advanced DeFi applications and scalability solutions.
✅ New Devnet Release! 🚀
The Velas team isn't slowing down! They will release another devnet update, introducing:
Internal Transaction Explorer: Users will be able to track internal blockchain transactions, enhancing transparency.
Refined Documentation: Continuous improvements to the Velas Docs ensure seamless onboarding for developers.
🌟 The Road to Velas' Glory – ALEX ALEXANDROW & THE TEAM ARE DELIVERING! 🌟
The Velas team, led by Alex Alexandrow, is on a mission to bring Velas back to its well-deserved glory. With continuous groundbreaking updates, strategic partnerships, and enhanced scalability, Velas is proving itself as a top-tier blockchain project with unmatched potential.
🔥 With major innovations, growing adoption, and a rebounding market, Velas is positioned for a massive breakout! 🔥
#Velas #VLX #Crypto #Blockchain #DeFi #Web3 #Staking #Innovation #Trading #HODL 🚀
Let's break the range on $MSTR!Exciting news for crypto enthusiasts! A new state strategic reserve for digital assets that features five top cryptocurrencies, with Bitcoin and Ether front and center. Bitcoin, the undisputed heavyweight of the crypto world, saw an impressive 8% surge to about $90,800 following the announcement, NASDAQ:MSTR
Alright let's do this $BTCT!Exciting news for crypto enthusiasts! A new state strategic reserve for digital assets that features five top cryptocurrencies, with Bitcoin and Ether front and center. Bitcoin, the undisputed heavyweight of the crypto world, saw an impressive 8% surge to about $90,800 following the announcement NASDAQ:BTCT
BTC dell 120.000$📊 BTCUSDT Analysis:
Current Price: $102,859.06
Sell Zone: Near $120,000.00 (🟢 Major resistance)
Support Zone: $77,777.00 (🛡️ Key level for potential rebound)
🚨 Signal:
Bearish Scenario: If BTC reaches $120,000.00, it’s a sell opportunity 📉.
Bullish Scenario: In a strong bull trend (📈), you can buy dips around $77,777.00 (🚀 support area).
💡 Strategy:
Take profits near $120,000.00 🎯 if already holding BTC.
Watch for entries at $77,777.00 🔍 if BTC retraces.
📈 Trend: Overall Bullish unless support at $93,175 or $77,777 breaks (🔻).
🔐 Risk Management:
Stop-loss for buys: Below $73,316.18 (⚠️ Critical level).
Let me know if you need further clarification or tailored strategies!
Bitcoin (BTC/USDT) Technical Analysis – Possible Move📉 Recent Price Action:
Bitcoin has been in a downtrend, forming lower highs and lower lows. However, a downtrend trendline has been broken, signaling a potential reversal or at least a relief rally.
📌 Key Observations:
Fibonacci Levels: The price recently bounced from the 0.618 Fibonacci retracement level (~$81,051), a strong support zone.
Support Zone (~$82,325 - $83,700): Price is currently testing a previous resistance-turned-support level.
Liquidity Grab & Rebound: If BTC holds above $83,700, we could see a bullish push.
🚀 Potential Bullish Scenario:
If Bitcoin maintains support above $83,700, it could retest $86,500 - $89,500, aligning with key Fibonacci extension levels.
A strong break above $89,500 could push BTC toward the $91,000 - $92,500 supply zone (marked in blue).
⚠️ Bearish Risk:
Losing the $82,325 support could lead to another retest of the $79,000 level.
A rejection at $86,500 - $89,500 could bring consolidation before a clearer trend emerges.
CYCLE 4 | CME GAP: Bull Cycle Period First Major Pull Back?Quick post to address BTCs expected potential first major pull back into this bull run period...
BULL MARKET PULL BACKS
Historically, BTC during its bull market enjoys pull back which ranged from 15% to as much as 30%-40% in prior markets. This is essential for trader participants in the market to take profits, allow BTC to retest low levels and prove new heights are sustainable before ranging to new higher price levels.
The first pull back historically for BTC post the start of the 'Bull Run' phase of BTCs 4 year cycle is traditionally the largest pull back opportunity and historically been the best short term buying opportunity in the Bull Run (NOT FINANCIAL ADVICE).
We can expect a 30-40% correction for this pull back based on historic bull market period examples (Let me know in the comments below if you would like me to detail consistent price behaviour during BTC bull run periods in a future post).
ARE WE AT THIS POINT NOW OF THE CYCLE? WHAT ARE THE INDICATORS SAYING?
As highlighted by the RED arrow on the chart, a number of the indicators like to monitor on the weekly chat are suggesting bearish divergences and fading momentum exists with the current price action. This is calling for a cooling off period of the market.
CME GAP
Historically, BTC has had a tendency to want to 'close' open gap, created by weekend trading of BTC that does not align with equities that follow the traditional 'No Trading' over the weekend policy of Traditional Financial instruments. Hence crypto ETFs which align with these policies (such as the CME Futures chart as seen in this chart) can create 'GAP' between the open (Monday) and close (Friday) candles.
To understand CME gaps, please take the time to review the details discussion in the earlier post.
The orange BOX shows the below CME gap target that BTC price may range towards to close.
NOTE: this box has been listed as Partially Closed as the open Monday candle of the gap did go below before rising during the weekly candle but did no dip past the close of the previous weekly candle.
21W EMA & 20W SMA
Historically, a fully developed healthy bull market for BTC has required periodic retesting and holding of these moving averages. A close of the CME gap at this point of the market would also satisfy this historic trend for BTC.
ORANGE TREND LINE
Bears if eager to continue the 'close the CME gap' trend will need to convince the market by first exceeding the orange trend line. Currently this allows BTC to complete a 10 to 12% correction while also taking the price below the key psychological 100K price level, without phasing the bulls conviction to charger higher.
* Holding the Orange Trend Line Scenario: we want to see price bounce and conviction from the bulls to push BTC to higher highs. The goal for Bears would be to achieve the measured move up to 180K. This would most potentially shorted the bull run (time prospective) and potentially cap our ATH for this cycle early; creating a distribution zone similar to the 2021 cycle top.
* Breaking below the Orange Trend Line Scenario: If we break the Orange Trend Line then Bulls will concede ground to the MA levels (allowing the CME gap to also close). Bulls will write this off as a market reset and holding support at these levels will entice Traders to take positions needed to drive BTC up sustainably to the next higher level(s).
Losing the MAs would ask serious questions to the intent of BULLs and the sustainability of the market moving forward this bull run.....
My FINAL Bitcoin chart and Idea (forever)Everyone is too busy focusing on the wrong Technicals. Fear and Greed, RSI, MACD, Stock Markets, etc. All of these are good tools but we have to remember a few things:
1. Zoom out (Bitcoin follows the same 4-year cycle every time... this time is NOT different)
2. Keep it Simple (I'm tired of messy charts, only put what you need for the current timeframe)
3. Avoid Leverage (These areas are too risky and much too volatile... liquidity is getting grabbed at almost every level) Stay safe.
I expect Bitcoin to retrace to $57k and then bounce back up... clear skies ahead if we can break out of this pattern I have drawn up. (If not we keep ranging as follows until we break significantly above the previous ATH)
Peace out! It's been fun... I may return to crypto one day (if ykyk)
Bitcoin (BTC/USD) Technical Analysis – Daily Timeframe Bitcoin (BTC/USD) Technical Analysis – Daily Timeframe
This chart presents a technical breakdown of Bitcoin (BTC/USD) using supply and demand zones to anticipate potential price movements. It reflects a bearish bias as price action shows rejection from the supply zone (sell zone) and an expected drop toward the demand zone (buy zone).
🔍 Key Chart Elements
1. Supply Zone (Sell Zone) – Resistance Area
The supply zone is highlighted in the upper region, approximately between $86,000 and $88,000.
This area represents a strong resistance where sellers are active, preventing further price increases.
Bitcoin recently tested this zone but failed to break above, leading to a price rejection.
2. Demand Zone (Buy Zone) – Support Area
The demand zone is marked in the lower region, around $69,000 to $67,000.
This is a historical support level where strong buying interest is expected.
If Bitcoin reaches this level, a potential bullish reversal could occur.
📉 Bearish Price Projection
The chart includes a downward arrow, indicating an expected bearish movement from the supply zone toward the demand zone.
Reason for the expected drop:
BTC is struggling to gain momentum above $86,000, showing signs of weakness.
The recent bearish candles suggest increased selling pressure in the market.
A failed breakout above resistance increases the likelihood of a downward move.
Price Targets:
First target: Around $74,000, a potential minor support.
Second target: Around $69,000, which aligns with the demand zone and could act as a strong support level.
🔄 Potential Alternative Scenario – Bullish Breakout (Low Probability)
If BTC manages to break above the $88,000 resistance level, it could trigger a bullish rally.
In this case, the next targets would be $92,000 and $96,000.
However, given the current market structure, this is a less likely scenario unless buying momentum increases significantly.
BTC/USDT weekly chart displays an important pattern. Current Price Action: Bitcoin is trading around $92,766.71, a notable position just below the recent highs.
Resistance Area: A clear resistance level is represented by the horizontal line near $100,000. This level has proven difficult to break, and price action will soon determine if it can reclaim this area.
Cup and Handle Pattern: The chart shows a potential cup and handle formation, which could indicate bullish sentiment if the price breaks above resistance. This pattern has a rounded bottom formed in early 2022 and late 2023.
Volume Analysis: It is important to analyze volume alongside price moves. A breakout above resistance will ideally be supported by high volume to confirm strength.
Potential Support Level: If the price pulls back, the green highlighted area provides support, which traders could view as a buying opportunity.
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
Thanks for your support!
DYOR. NFA
Jesus Took The Wheel After All?An amusing thought...
After a week full of FUD, manipulation, and a turn to risk-off, BTC's price action appears to have assumed a familiar pattern--for now, anyway.
(Beating and finding support above 96K would likely validate this absurd turnaround.)
Will traders sell the news next week???
BTC Update (4H)Bitcoin has reached a key level.
We expect it to move towards the supply zone.
For an upward move, the demand zone must hold.
A daily candle closing 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