09/06/25 Weekly OutlookLast weeks high: $106,812.33
Last weeks low: $100,372.93
Midpoint: $103,592.63
Billionaire spats and V-shaped recoveries, the beginning of June starts off in an interesting way. As President Trump goes forward with "The big beautiful bill" Elon Musk lets his feelings be known publicly sending shockwaves throughout markets, but what does this mean for Bitcoin?
The bill could add $3-5T in US government spending which is great for risk-on assets as there is more money able to flow into markets. I believe this exact thought process is visible on the chart in the V-shaped recovery we can see on Thursday. A clear sell-off as Elon Musk's anti government spending views clash with the bill, the uncertainty causes a sell the news moment, just as BTC comes into $100,000 the dip is bought up on the realization this means greater inflows are on the way, dips are truly for buying at this stage in the cycle and to me, this proves it.
In a more bearish view of the chart I would say the clear resistance is now weekly high at ~$106,000. Anything above that meets huge selling pressure with price discovery on the other side the market just doesn't seem to have the fuel as of yet to make the next step. However I believe it is just a matter of time and as M2 global money supply grows we get closer and closer to seeing new significant highs.
For this week CPI & PPI take place on Wednesday and Friday respectively. With CPI set to grow from 2.3% to 2.5% according to forecasts it will be interesting to see how markets react, expect short term volatility. Key battlegrounds for me are weekly high and midpoint.
Good luck this week everybody!
Btc-e
BTC 1H Reverse H&S Morning folks,
So, drop is done due to Trump-Musk conflict, although we haven't called to trade it. Anyway, current picture is much better and doesn't need a lot of comments. We have reverse H&S in progress, with potential area for entry around 102.5-103K where we expect the right arm should appear. Invalidation point is ~100K (bottom of the head).
Bullish rise?The Bitcoin (BTC/USD) has bounced off the pivot and could rise to the 1st resistance.
Pivot: 101,052.23
1st Support: 94,702.53
1st Resistance: 110,959.87
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BTC: Decision Time Ahead! A Quick Update!!Hey Traders!
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Bitcoin is once again testing the descending trendline resistance on the 4H chart.
We're currently at a make-or-break level:
A clear breakout above the trendline could trigger a bullish move toward $110K+
A rejection here might push BTC back to the $100K–$98K support zone
📍The green zone remains key — last time, it held as strong support.
But without a breakout above $106.5K, bulls are on the defensive.
Watch price action closely here — the next big move could start from this very point.
What’s your take? Bullish breakout or another dump loading?
$META Short Swing - Fractal Repeat Play - Sub $600 Target@everyone 🔻 META Short Swing – Fractal Repeat Play 🔁
Entry Trigger: Week of June 10, 2025
Ticker: NASDAQ:META
Current Price: $697.71
Target Price: $593.66
Estimated Duration: ~3–4 weeks
Conviction: ★★★★★
🧠 Thesis:
This is a nearly perfect fractal repeat of META’s July 2024 top:
Identical weekly candle structure: topping wick into fib + supply zone
Weekly gap fill target lines up exactly again — same 15.5% drop
Wick gap fill = $593.66 (same confluence from 2024)
Bearish fib roadmap from 0.786 → 0.618 → 0.382
Volume and momentum exhausted on the run into $702
📉 Trade Plan:
Entry Range: $690–702 rejection zone
Stop Loss: Weekly close above $705
Primary Target: $593.66
This level completes the wick gap fill and matches 2024’s exact structure
Secondary Target (optional): $580.84 (full fib gap + demand retest)
🛠️ Options to Consider:
6/28 $650P or $640P – standard swing
7/5 $620P – for deeper move toward 0.382 and beyond
🔍 Setup Snapshot:
July 2024: -15.56% in 28 days
June 2025: Targeting -15.53% in 28 days
Same gap, same wick rejection, same fade roadmap
Bitcoin (BTCUSD) - Daily Price Consolidation Under ResistanceBitcoin (BTCUSD) price has been in a short-term downtrend since June 2025.
Price is currently consolidating under $106,000 resistance.
Watching to see if an evening star candle pattern prints on the daily chart, for a very-short-term pullback.
Support targets: $105,000, $104,000, $101,000, $100,000.
Resistance targets: $107,000, $109,000, $110,000, $112,000.
Bitcoin has been correlating with the USA stock market, tech stocks, consumer sentiment, and breaking news.
Bitcoin, Fast & Easy. $100,000 Support Holds +AltcoinsThe main support is not $100,000 but $102,000, so we make this a range. Yesterday, for the first time this range was tested and it holds easily... We are strongly bullish above $102,000 and Bitcoin is already trading above 103K.
This is really good news but we are not fully in the green yet. Bitcoin can continue sideways, consolidation, and only after closing above $106,000 we are looking for higher prices. Once $110,000 gets conquered, we can start talking about new all-time highs and sustained bullish growth. Meanwhile, the altcoins grow.
So we are not there yet but this is the best ever. For Cryptocurrency to thrive we need a strong Bitcoin and Bitcoin right now is very strong. Are you trading any altcoin? If you are, feel free to accumulate, load-up, buy and hold.
As for Bitcoin, here is a very easy trading approach:
While above $100,000, ALL-IN bullish confirmed.
If it goes below $100,000, stay out and wait to see what the market does. As soon as there is a support level created, we go LONG. If it goes below $100,000 just to recover the next day, we are again ALL-IN as soon as Bitcoin starts trading above 100K.
This process can be repeated many times but once Bitcoin takes off, buying below $110,000 is a major win because soon Bitcoin will be trading above $150,000. We have targets around $180,000 and even beyond $200,000 is possible this same year. Never forget the bigger picture.
The bigger picture is bullish for Bitcoin and the altcoins, the short-term can create confusion because the chart, market conditions, can change within hours.
But there can be a drop, a retrace or a market flush, but knowing that Bitcoin will be trading above $150,000 soon turns such an event into a non-event, it makes it into a simple hold.
The action on the side of the altcoins confirms that Bitcoin will continue to grow. Short, mid and long-term.
There is no retrace, there is no correction, only a small consolidation phase in anticipation of the next bullish wave. You already know this. If you didn't, now you know.
In 2025, Bitcoin will continue to grow. Just as it grew in 2023 and 2024.
We are entering bull market season. Bullish momentum will only start to gain force.
Namaste.
Bitcoin: Break Out Or Fake Out Can Be Long.Bitcoin has adhered to my previous week's anticipated scenario almost exactly. While this may be a coincidence, I have called similar scenarios like this numerous times just see my previous articles, I left the illustration on the chart. From here, there are two scenarios to consider, one offering greater probability than the other. Let me explain.
First consider that the Bitcoin trend has never changed. The broader tend is bullish and the previous weeks only saw a brief corrective structure which found support in the 102K AREA )see my previous article). A reversal developed and confirmed and now we are in the process of rallying back toward the highs.
Scenario 1 The Breakout: IF the high 106's are cleared, it is possible price can break out to potentially test the next resistance around the 110K area. Since this environment is typically a lower volume time of year, I believe there is a greater chance of fake out. How you manage the risk all depends on the time frame you operate on. Smaller time frames can pin point more accurate signs of follow through while maintaining tighter risk while taking the breakout on this time frame exposes you to more risk. If taking the breakout on this time frame, consider mitigating risk with smaller size or being prepared to exit IF a conflicting signal appears like a bearish pin bar.
Scenario 2 The Retrace: IF price rejects the 106K area (fake out possibility) then I will be watching for a retest of the 104K area minor support. This is the level where I would be looking for confirmation patterns like bullish pin bars etc. This would not only constitute a higher low but also establish a classic inverted head and shoulders pattern. I do not put a lot of emphasis on the broader pattern, but it can help foster a self fulfilling prophecy. This reversal offers a greater probability since it is coming from a pullback within a broader bullish trend. Also the profit objective is greater since the 110K resistance would still be the same.
How you mange this again depends on the type of strategies you employ. My analysis is meant to provide an overall roadmap of the possibilities that I anticipate and nothing more. If you are a day trader this information will not be used the same way compared to if you are a swing trader. The key is how you define the risk and the confirmations. If the market rejects both scenarios, then we simply have to readjust to the new information that becomes available.
Thank you for considering my analysis and perspective.
Bitcoin’s Reversal from Supports — Is the Correction Over? Bitcoin ( BINANCE:BTCUSDT ) moved as I expected in the previous idea , and it also reversed the decline I intended and started to rise from the Support zone($102,000-$107,120) , Support lines , and 50_SMA(Daily) .
Bitcoin is trading near the Resistance zone($104,380-$103,670) , Cumulative Short Liquidation Leverage($105,500-$105,265) , and Resistance lines .
In terms of Elliott Wave theory , it seems that Bitcoin has managed to complete the main wave Y . The main corrective structure was the Double Three Correction(WXY) . If the Resistance lines are broken , we can confirm the end of the main wave Y .
I expect Bitcoin to start rising after a re-correction from Cumulative Long Liquidations Leverage and reach the targets I have specified on the chart.
Cumulative Long Liquidation Leverage: $102,883-$102,181
Cumulative Long Liquidation Leverage: $101,318-$100,748
Note: If Bitcoin falls below $100,200(Worst Stop Loss(SL)), we should expect further declines.
Note: $105,500 is an important price for Bitcoin, and if Bitcoin can close the 4-hour candle above it, we can expect a break of the Heavy Resistance zone($104,380-$103,670)
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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BTC.D (Dominance at Critical Fibonacci Confluence) 2025 Weekly
**Summary:**
Bitcoin Dominance (BTC.D) is testing a major Fibonacci confluence near the 66% level. This zone historically acts as a major pivot and may signal either a continued dominance rally or a potential reversal setting the stage for altseason. We use three layered Fibonacci retracements to outline dominant trend zones, key resistances, and projected targets.
**Chart Context:**
This chart uses **three distinct Fibonacci retracements** to map the historical and projected behavior of BTC dominance:
1. **Primary Fib** (100% to 0%): Captures the macro move from BTC.D \~100% down to its 0% level at \~0%, which aligns with the first altseason (2018–2019).
2. **Secondary Fib** (100% to 38.88%): Maps the first bearish wave to identify potential recovery levels. BTC.D retraced up to the 61.8% (\~73.68%) but failed to break further.
3. **Third or the Current Fib** (73.68% to 38.88%): Maps the latest bearish fall in BTC.D. As of now, BTC.D is hovering at the 78.6% retracement level of this move, indicating heavy resistance.
**Key Technical Observations:**
* **1st TP (Resistance):** 66% — Strong Fibonacci confluence zone:
* Fib2 48.6% ≈ Fib3 78.6%
* Major reversal zone historically
* **2nd TP (Support):** 52.25% — Multi-Fib confluence:
* Fib1 48.6%, Fib2 61.8%, Fib3 38.2%
* **3rd TP (Ultimate Support):** 38.88% — Historical BTC.D bottom, aligned with the first altseason.
* Intermediate Fibonacci confluences between 48%–60% serve as layered support during decline phases.
**Indicators:**
* No external indicators used; pure multi-frame Fibonacci confluence.
* Price action structure and historical patterns highlight potential market rotation zones.
**Fundamental Context:**
The current phase of the market reflects increasing speculative activity in altcoins while Bitcoin consolidates. Historically, high BTC.D correlates with Bitcoin-led rallies, while a sharp drop often triggers altseason.
* Growing inflows into ETH, SOL, and possible now XRP, and mid-cap alts suggest capital rotation.
* If BTC.D faces rejection from 66%, the market could enter a new altseason phase.
* Macro tailwinds (e.g., easing monetary policy, risk-on sentiment) support altcoin performance in the medium term.
**Philosophical or Narrative View:**
BTC.D acts as a barometer of market risk preference. As confidence expands beyond Bitcoin, money flows into altcoins—like tributaries branching off the main river. The rejection from major confluences signals this psychological shift, marking phases of creative decentralization.
**Related Reference Charts:**
* TOTAL3 Fibonacci Setup (Altcoin market excluding BTC & ETH):
* TOTAL2 Correction Probabilities:
**Bias & Strategy Implication:**
* **Primary Bias:** Bearish rejection from 66% followed by correction to 52% and potentially 38.88%.
* **Alternative Scenario:** Brief breach above 66% before reversal.
* Traders may consider rotating into altcoin exposure if BTC.D confirms reversal at the confluence zone.
**Time Horizon:**
* Mid to Long Term (1–6 months outlook)
* Weekly timeframe tracking
**Notes & Disclaimers:**
* This analysis is for educational purposes. Market conditions may evolve rapidly.
* Use proper risk management when acting on dominance signals.
Bitcoin will continue to fall to support level in channelHello traders, I want share with you my opinion about Bitcoin. This chart shows how the price rebounded from the support line and started to grow. In a short time, it rose to the support level, which coincided with the buyer zone, and it even soon broke this level. Next, the price rose a little and then continued to move up, but later corrected the support line. After this, BTC rebounded and rose to the seller zone, breaking the 108800 resistance level. Then it rose a little more and turned around, and started to decline inside the downward channel. In the channel, price soon broke the 108800 level and continued to fall next. Later, Bitcoin broke the support line and fell almost to the support line of the channel, after which it turned around and made an upward movement. After this movement, Bitcoin dropped to the 100300 support level, after which it turned around and, in a short time, rose to almost the resistance line of the channel. Price didn't reach this line, turned around, and continued to fall in the channel. In my mind, Bitcoin can continue to move down top support level inside the downward channel. That's why my TP is 100300 level. Please share this idea with your friends and click Boost 🚀
CFXUSDT Forming Falling WedgeCFXUSDT is showing signs of a strong bullish continuation as it emerges from a falling wedge pattern — a setup often considered a reliable reversal signal in technical analysis. As depicted in the chart, the price has been compressing within the wedge, gradually forming higher lows and now attempting a breakout from the resistance trendline. The recent green candles and growing volume suggest bulls are taking control, setting the stage for an upside move. With momentum building, traders could be looking at a potential 40% to 50% surge if the breakout sustains.
Conflux (CFX) has been gaining attention due to its unique position as a high-throughput, scalable blockchain that facilitates cross-border data and value transfer, particularly between China and the global crypto community. As regulatory clarity improves and Conflux continues to expand its ecosystem through partnerships and integrations, market sentiment has shifted in favor of the project. This renewed investor confidence is visible in the technical structure forming on the CFXUSDT chart, as smart money begins to accumulate.
The breakout target aligns with a previous high, indicating that this could be more than just a short-term rally. If volume continues to support the price action, CFX could rally toward the $0.12–$0.13 zone, which marks a critical resistance area. This creates a favorable risk-reward environment for both swing traders and position holders eyeing medium-term gains. Technical traders should watch for confirmation above the wedge and continuation candles backed by volume to validate the move.
Overall, CFXUSDT looks primed for a strong upward movement, supported by bullish technicals and increasing investor interest in the Conflux network. As the project remains fundamentally strong and gains traction in the Web3 space, this may be an opportunity to capitalize on a promising mid-cap altcoin.
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BITCOIN → Correction. The hunt for liquidity...BINANCE:BTCUSDT.P is recovering after liquidity was captured in the 100K zone. Locally, the technical situation is controversial despite the global bullish trend
Bitcoin is changing its market character (106700) and breaking the bullish structure (103000) during a correction phase. As part of the downward momentum, the movement is testing liquidity below the 100700 support level. As for the liquidation, there are several reasons: the conflict between Trump and Musk, strangely enough, the market reacted with a fall; the liquidation of whales, history repeats itself...
Traders are buying back Bitcoin, but technically the market has a bearish structure. Locally, there is a bearish trend, and a countertrend correction, “liquidity hunting,” is forming.
Ahead lies a fairly important zone of 105900-106700. The initial retest may end in a false breakout, as there may not be enough potential for continued growth (after a strong buyback).
Resistance levels: 105,900, 106,720, 110,400
Support levels: 103000, 101400, 100K
After a correction from 105900, which could target half (0.5) of the trading range, the market may attempt to return to a bullish phase, provided that the bulls keep the price from falling and do not allow it to update local lows. That is, in the short term, I expect a decline from 105900 to 103000, but further, if the price starts to return to 105500-105900, there may be chances for growth to 110K
Best regards, R. Linda!
Volatility period has begun.
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We need to see if the price can hold above OBV Low.
We need to see if the price can hold above OBV High or HA-High.
It is showing a downward trend while failing to rise above OBV Low.
If this continues to decline further, we should check if the HA-Low indicator is newly created.
This volatility period is expected to start around June 6 (June 5-7) and continue until around June 13 (June 12-14).
If the auxiliary indicator OBV falls below the Low Line, there is a possibility of another large decline.
At this time, the key is whether it can receive support and rise near 99705.62.
If not, it is expected to select the trend again when it meets the M-Signal indicator on the 1W chart.
The basic trading strategy is to buy at the HA-Low indicator and sell at the HA-High indicator.
If you apply this basic principle, you buy when it rises above 102049.52 and shows support, and sell near 104938.72.
For this basic principle to be applied normally, OBV is rising and the StochRSI indicator is rising.
However, it is better if the StochRSI indicator has not entered the overbought zone if possible.
However, if it is resisted and falls at the HA-Low indicator, it is likely to show a stepwise downtrend, and if it is supported and rises at the HA-High indicator, it is likely to show a stepwise uptrend.
Therefore, when testing support near the HA-Low indicator, if the OBV shows a downward trend and the StochRSI indicator shows a downward trend (if possible, a downward trend in the overbought area), the possibility of a stepwise downtrend increases.
The end of the stepwise uptrend that occurs after meeting the HA-Low or HA-High indicator is a downtrend, and the end of the stepwise downtrend is an uptrend.
Therefore, the trading method should be a fractional trading method.
I think the important thing in spot trading is how much you increase the number of coins (tokens).
Of course, depending on the situation, it may be better to make cash profits.
Since the coin market allows trading in decimal units, it is a useful investment market for increasing the number of coins (tokens).
Therefore, we can increase the number of coins (tokens) corresponding to profits while conducting trading according to the basic trading strategy.
That is, when the price rises by the purchase amount for each purchase price, sell it and leave the number of coins (tokens) corresponding to the profit.
At this time, you should be careful to include the transaction fee in the purchase amount and sell it.
The coins that are good for increasing the number of coins (tokens) corresponding to the profit rather than cash profit are BTC or ETH.
Additionally, BNB is also possible.
I think it is better to obtain cash profit if possible for the rest of the altcoins.
However, if there is a coin (token) that you think you want to increase in the medium to long term, you can increase the number of coins (tokens) corresponding to the profit by increasing the number of coins (tokens).
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Thank you for reading to the end.
I hope you have a successful transaction.
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- This is an explanation of the big picture.
(3-year bull market, 1-year bear market pattern)
I will explain more details when the bear market starts.
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BTC Is Replaying a Bullish Fractal >>> Are You Watching?Hello guys!
I see a deja vu here! Let’s look at the historical daily chart (Jan–May 2025):
What happened?
Initial Drop (Yellow Oval): Bitcoin approached a key S&D zone but didn't touch it, triggering a short-lived bounce before dropping again.
Second Drop (Red Ovals): This time, price precisely touched the demand zone, triggering a clean bullish reversal.
What followed was a strong trend breakout, sustained higher lows, and an eventual surge past prior resistance levels.
Current 4H Chart Setup: A Mirror Image?
Yellow Highlight: Once again, we saw a bounce that didn't quite touch the key demand zone ($98K–$100K).
Red Zone Prediction: If this mirrors the historical move, the price is likely to return and touch this S&D area before launching a bullish leg.
Blue Path Projection: A sharp reversal is expected post-touch, aiming toward $111K–$113K as the next key resistance zone.
The descending trendline adds confluence
___________________
History Doesn’t Repeat, But It Often Rhymes
Based on this fractal analysis, Bitcoin is likely forming the same bullish base seen earlier in 2025. The setup hinges on one key event: a return to the $99K–$100K zone, where demand is likely to step in aggressively.
If the pattern repeats, the current market may offer one last high-reward long opportunity before a parabolic rally.
Bitcoin - Will the $100K Level Hold?Since reaching its all-time high (ATH) on May 22nd at an impressive $112,000, Bitcoin (BTC) has entered a corrective phase that has caught the attention of traders and analysts alike. After a strong and relentless move to the upside, such a phase is not uncommon in crypto markets, where rapid rallies are often followed by cooling-off periods. As of now, BTC is trading at around $101,000, marking a decline from its peak but still maintaining a significant portion of its recent gains. This retracement has not only been healthy in terms of price structure but also offers potential opportunities for those closely monitoring key technical levels.
4H FVG
One important aspect of the move leading up to the ATH was the formation of a 4H Fair Value Gap (FVG). These imbalances, left behind during aggressive moves in the market, are often revisited and filled as part of a broader effort by price to return to equilibrium. The current FVG spans from approximately $100,500 to $99,800. This range is especially noteworthy, as such gaps tend to act as magnets for price action, creating zones of potential support where buyers may step in to defend the structure. As BTC approaches this region, it's plausible to expect at least a temporary bounce, particularly if market sentiment remains constructive.
Golden Pocket Fibonacci
Adding further weight to this zone is the confluence of the Golden Pocket, the area between the 0.618 and 0.65 Fibonacci retracement levels, derived from the latest upward leg. This specific Fibonacci region is widely regarded in technical analysis as a high-probability reversal zone, often attracting significant buying interest. Interestingly, the Golden Pocket aligns almost perfectly with the aforementioned FVG, both residing in the $100,500 to $99,800 range. The overlapping of these two technical indicators strengthens the case for this area to act as a firm support level, or at the very least, a point where the ongoing correction could take a breather.
Conclusion
Taken together, the alignment of the 4H FVG and the Golden Pocket around the $100,000 mark creates a technically compelling scenario. The psychological impact of a round number like $100,000 only adds to its potential as a battleground between buyers and sellers. If this zone holds, it could spark a notable bounce, either a temporary relief rally or potentially the beginning of a renewed leg to the upside, depending on broader market conditions.
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HelenP. I Bitcoin may grow to resistance zone from trend lineHi folks today I'm prepared for you Bitcoin analytics. This chart shows how the price declined to the trend line and then made an impulse up to the support level, which coincided with the support zone. Also, price started to trades inside a pennant, where it soon broke the support level and then traded some time near it. Later, it continued to grow and in a short time rose to the resistance level, which coincided with the resistance zone and broke this level as well. Then BTC reached the resistance line of the pennant, turned around, and dropped below the 108000 level, after which a few moments traded between this level. After this, price continued to fall and after it broke 108000 leve one more time, it dropped to the trend line, which is a support line of the pennant too. Price has traded near this line and recently BTC rebounded up. So, I expect that BTCUSDT will correct to the trend line and then rise to the resistance level. After this, I think the price may break it and enter to resistance zone. That's why I set my goal at 108800 points. If you like my analytics you may support me with your like/comment ❤️
BTC re-accumulation and >140k$The year started from manipulation on CRYPTOCAP:BTC and the whole crypto market after Trump's tariff announcement.
Since the start of the summer season, we've already seen another manipulation between Trump and Elon Musk.
On BTC I see weekly FVG and good pinbar candle. I guess we have already entered to consolidaton and summer will also consolidation, but starting from august we will see the final uptrend with euphoria which can finish on October nearly 241.000$ on BTC, but let's see it later
I think this period will be light with base summer and $MOCHI because it's a memecoin which holds the bottom well , when in that time another altcoins are making another bottom
BTC UPDATE - SIDEWAYS ACTION BTC had an impressive rally today that broke key resistance and changed the wave form to the short term trend back to up. From this elevated price level, the uptrend will not produce any significant gains from here tho. To capture this mini trend requires to be patient and buy on dips. Back to near $103,500 - $102,000 as seen in the chart could produce a few swings. However, when these swings are over, I currently still have the medium term trend as down. With $84k target. That could get update, but for now we do not have that data. I see all up movement capped at around $107,000. Prices above $107,000 have me moving back to the immediate $132,000 price target. But again, we are not there yet. Good luck.
Bitfinex closed $BTC longs — local top?This Bitfinex Bitcoin long positioning is worth monitoring.
Each marked price top aligns closely with a local peak or plateau in Bitfinex longs, followed by distribution or a pullback.
Currently, Bitfinex longs have again plateaued or declined, just as BTC is forming a potential local top.
$BTC Failed to Reclaim EMA9 - 200DMA in SightSo close, but so far away.
CRYPTOCAP:BTC held the 50DMA as support today but failed to break above the EMA9.
I suspect ₿itcoin now makes it way back down for the long awaited retest of the 200DMA ~$95k as I’ve been stating since the death cross.
If BTC can reclaim the EMA9 to close the week there may be a shot to continue the bullish uptrend, otherwise this correction will take a few weeks to play out.