#BTC Update #8 – July 21, 2025#BTC Update #8 – July 21, 2025
Bitcoin isn’t moving in a textbook symmetrical triangle, but it’s trading in a similar, tight range, mostly bouncing around the highlighted box area in the chart. It’s attempting a new impulsive leg, but $120,000 remains a key resistance level, having rejected price several times already.
As long as $116,500 holds, there's no major risk for Long bias. However, considering the triangle-like structure, the short-term upside is limited to about 2% for now.
A breakout above the upper edge of this structure, particularly if $123,200 is broken with strong volume — would justify a Long position. Until then, I don’t plan on entering any trades.
The last corrective move has completed, and my next major upside target is $127,900. If further correction occurs, watch for potential support around $115,000, $113,000, and the strong base at $112,000 — though I don’t expect price to fall that low.
Btc-e
Bitcoin- 175-200k by year's endEvery major Bitcoin move over the last decade — whether a jaw-dropping bull run or a brutal crash — has shared one silent macro trigger.
It’s not the halving.
It’s not ETF hype.
It’s not Twitter sentiment or TikTok FOMO.
👉 It’s global liquidity.
And right now, this powerful force is expanding fast — the same setup that previously drove Bitcoin from $5K to $70K in under a year.
But here’s the twist: as of today, Bitcoin is already trading near $120,000, not $20K or 30k.
That means the engine is already roaring — and if this macro thesis holds, the next stop might just be $175,000-200.000 by year's end.
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🧠 What Is Global Liquidity, Really?
Global liquidity = the total money sloshing around the financial system.
It’s often measured through M2 money supply, combining:
• Cash
• Checking/savings deposits
• Easily accessible liquid assets
The most comprehensive view comes from Global M2, which aggregates liquidity from 20 of the world’s largest central banks.
Right now, Global M2 is not just rising — it’s breaking to all-time highs.
And if history repeats itself, Bitcoin tends to follow this wave closely.
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📅 Past Performance: Bitcoin and Liquidity Walk Hand in Hand
Let’s break it down:
• 2016–2017: Liquidity surges → BTC +5,000%
• 2020–2021: Post-COVID easing → BTC $5K to $69K
• 2018 & 2022: Liquidity dries up → BTC crashes ~70%
It’s a recurring pattern:
Liquidity drives the crypto cycle.
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💡 Why Liquidity Moves: Interest Rates and Central Banks
Central banks control the tap.
• 🟢 Cut rates → Easier credit → More lending → More liquidity
• 🔴 Raise rates → Tighter credit → Less spending → Liquidity contraction
In 2022, the Fed tightened hard.
🧊 U.S. money supply shrank.
📉 Bitcoin fell from $70K to $15K.
But starting August 2023, the Fed paused, then pivoted.
Since then:
• 🟢 The U.S. M2 supply rebounded
• 🟢 Global M2 began expanding again
• 🟢 Over 64 global rate cuts were made in just six months — one of the fastest global easing cycles in history
The last time we saw this much cutting? 2020.
And we all know what happened to Bitcoin then.
U.S M2
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🟢 Today’s Setup: The Engine Is Already Running
Fast forward to mid-July 2025:
Bitcoin is no longer at $30K — it’s already testing $120K.
Intraday highs have touched $123K, with a current consolidation zone between $117K–$120K.
This isn’t a "recovery rally" — we’re already in price discovery territory.
The question now becomes:
Is $150K and above next… or are we topping out?
________________________________________
📈 Charting the Path: Bitcoin vs Global M2
When we overlay Bitcoin price over global liquidity trends, one thing becomes crystal clear:
📊 Bitcoin tracks liquidity direction.
• When money supply expands, Bitcoin rallies.
• When money dries up, Bitcoin tanks.
Given that global M2 is at record highs, and liquidity conditions are easing globally, the chart suggests there’s still plenty of fuel in the tank.
And if we follow the same growth, Bitcoin could realistically reach $175,000 before 2026 kicks in.
________________________________________
Technically:
As we can clearly see from the posted weekly chart, you don’t need to be an expert to recognize the strength of the current uptrend.
While last week printed a small bearish Pin Bar, this alone shouldn’t raise major concerns — especially considering the presence of multiple key support levels, starting from the 110K zone.
In the context of a strong and well-established trend, such candles often reflect normal short-term profit-taking, not a reversal.
🎯 Conclusion – Don’t Fight the Tide
This isn’t about hopium.
It’s not moon talk.
It’s about macro flows and monetary velocity.
Ignore the noise.
Watch what the central banks are doing.
Because Bitcoin moves not on wishful thinking, but on waves of liquidity — and the tide right now is rising fast.
Whether $175K comes by year-end, one thing is clear:
We are in the middle of a liquidity-driven expansion phase, and Bitcoin is already responding.
Stay focused, manage your risk, and don’t chase — ride the wave. 🌊
Bullish bounce?The Bitcoin (BTC/USD) is falling toward the pivot and could bounce to the 1st resistance.
Pivot: 111,241.55
1st Support: 98,383.98
1st Resistance: 127,752.45
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$ETH Closes Above the 50WMA - Alt Season Signal ALT SEASON ALERT 🚨
CRYPTOCAP:ETH Closed the Week ABOVE the 50WMA
Historically this has signaled the start of ALT SEASON.
*NOTE* 2020 had the pandemic hiccup.
This bottoming pattern looks very similar to the 2017 explosion.
Also the RSI matches the 2019 bottom.
Dare I call it yet bros? 🤓
Support around 115854.56-116868.0 is the key
Hello, traders.
If you "Follow", you can always get the latest information quickly.
Have a nice day today.
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(BTCUSDT 1D chart)
The DOM(60) indicator of the 1W chart is generated at the 119177.56 point, and the DOM(60) indicator of the 1D chart is generated at the 119086.64 point, and then shows a downward trend.
However, since the HA-High indicator is formed at the 115854.56 point, it is difficult to say that it has yet turned into a downward trend.
Accordingly, it is necessary to check whether it is supported in the HA-High ~ DOM(60) section.
The next volatility period is expected to occur around July 25 (July 24-26).
However, the important volatility period is expected to be around August 2-5 (maximum August 1-6), so we need to look at what kind of movement it shows as it passes through the volatility period that will occur in the future.
-
Since the StochRSI indicator has entered the oversold zone, there is a possibility that the decline will be restricted.
Therefore, the key is whether there is support around 115854.56-116868.0.
This is because if it falls below the HA-High indicator, there is a possibility that a downtrend will begin.
Also, since the M-Signal indicator on the 1D chart is rising around 115854.56, it can be seen as an important zone.
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An indicator called Trend Check has been added to the OBV indicator.
This indicator is an indicator that comprehensively evaluates the StochRSI, PVT-MACD oscillator, and OBV indicators and expresses them in a column.
Accordingly, if the TC indicator rises from the 0 point, it can be interpreted that the buying force is dominant, and if it falls, the selling force is dominant.
Therefore, if it rises above 0, it is likely to show an upward trend, and if it falls below 0, it is likely to show a downward trend.
Also, if the TC indicator touches the highest point (6) or lowest point (-6), there is a high possibility that the trend will reverse, so you should think about a response plan for this.
-
Thank you for reading to the end.
I hope you have a successful trade.
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- Here is an explanation of the big picture.
(3-year bull market, 1-year bear market pattern)
I will explain the details again when the bear market starts.
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Bitcoin Technical Setup: Support Holds, Eyes on $118,600Bitcoin ( BINANCE:BTCUSDT ) moved as I expected in the previous ideas and finally completed the CME Gap($117,255-$116,675) in the last hours of the week. ( First Idea _ Second Idea )
Before starting today's analysis, it is important to note that trading volume is generally low on Saturday and Sunday , and we may not see a big move and Bitcoin will move in the range of $121,000 to $115,000 ( in the best case scenario and if no special news comes ).
Bitcoin is currently trading near the Support zone($116,900-$115,730) , Cumulative Long Liquidation Leverage($116,881-$115,468) , Potential Reversal Zone(PRZ) , and Support lines .
According to Elliott Wave theory , Bitcoin had a temporary pump after the " GENIUS stablecoin bill clears House and heads to Trump's desk " news, but then started to fall again, confirming the end of the Zigzag Correction(ABC/5-3-5) . Now we have to wait for the next 5 down waves or the corrective waves will be complicated .
I expect Bitcoin to rebound from the existing supports and rise to at least $118,600 . The second target could be the Resistance lines .
Do you think Bitcoin will fill the CME Gap($115,060-$114,947) in this price drop?
Cumulative Short Liquidation Leverage: $121,519-$119,941
Do you think Bitcoin can create a new ATH again?
Note: Stop Loss(SL)= $114,700
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 15-minute 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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
ETH Weekly Recap & Game Plan 20/07/2025📈 ETH Weekly Recap & Game Plan
🧠 Fundamentals & Sentiment
Market Context:
ETH continues its bullish momentum, driven by institutional demand and a supportive U.S. policy environment.
We captured strong profits by sticking to the plan (see chart below).
🔍 Technical Analysis
✅ Price has run into HTF liquidity at $3,750
📊 Daily RSI has entered the overbought zone, signaling potential short-term exhaustion.
We may see a brief retracement or LTF liquidity grabs, which could be enough to fuel a further push higher — potentially to $4,087.
🧭 Game Plan
I’m watching two key downside liquidity levels:
$3,534 (black line)
$3,464
A sweep of either could provide the liquidity needed for continuation toward $4,087.
⚠️ I’ll wait for LTF confirmation before entering a position.
📌 Follow for Weekly Recaps & Game Plans
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Bitcoin: 130K AREA Upon Triangle Break Out.Bitcoin consolidating in a sub wave 4 and poised to break out (see triangle formation on chart). This breakout would be the sub wave 5 which can take price as high as the 133K to 134K area. In my opinion, this can be the completion of the broadest impulse wave (5th of the 5th). Wave counts aside, this is EXTREMELY important to recognize because it highlights significant price vulnerability and implies very high risk for longs (especially for investors). Of course, these price moves do not play out unless accompanied by a specific catalyst. We have the catalysts in place to drive price higher, but what can lead to a broad corrective structure? Who knows.
There are numerous drivers in play at the moment: the weakening dollar, tariffs, favorable legal environment, etc. And all the talk, videos and other propaganda all point to the continuation of this trend. The broader markets, metals, Ethereum, whatever asset it is, it is continuously going higher with little to no variance. The recipe for total complacency while risk is increasing. Back in April, before the pullback, things looked similar, and then the unexpected reaction to the tariff news at the time. No one saw that coming, and when it came, NO ONE saw or expected that we would be pushing all time highs across EVERYTHING in just a matter of months. When the top is in, the correction will likely be similar or worse. The market is be driven by a declining dollar, not a growing economy.
For the next leg higher into the 130's, what for swing trade or day trade setups. The trend is pretty clear, so it is all a matter of confirming mini pullbacks and continuation or reversal patterns on smaller time frames. Risk can be managed using reference levels on smaller time frames like 4H or 1H for swing trades. The Trade Scanner Pro also provides precise confirmations along with risk and profit objectives. There is plenty of opportunity and ways to play this, without having to get caught as an investor.
The scenario on the chart that illustrates price going to the 130K area assumes a break out occurring this week. IF the market chooses otherwise, like it breaks the low of the triangle instead, then it lowers the probability of the bullish scenario playing out. It's up to the market to choose, all I can do is map out scenarios based on the structure that is in play at the moment.
Either way, it is important to always accept that markets are mostly random. Price action is shaped by the perceptions of the future which can change on a whim. There is no need to feel like you are missing out because when things look their greatest, that is often the worst time to buy and vice versa.
Thank you for considering my analysis and perspective.
BTC Weekly Recap & Outlook 20/07/2025📈 BTC Weekly Recap & Outlook
Market Context:
Price continued its bullish momentum, fueled by institutional demand and supportive U.S. policy outlook.
We captured solid profits by following the game plan I shared earlier (see linked chart below).
🔍 Technical Analysis
✅ BTC made a strong bullish move, breaking into new all-time highs.
📊 The daily RSI entered overbought territory, which signaled the potential for a short-term retracement or consolidation.
Currently, price is ranging, and RSI is cooling off. That tells me the market is likely building energy for the next leg up — but not before a significant liquidity run.
🎯 Game Plan
I'm watching for one of two potential setups:
1️⃣ Liquidity Sweep to the Downside
- A run of the daily swing low
- Into the most discounted range (0.75 Fib zone)
OR
2️⃣ Tap into the Weekly FVG Zone (marked with the purple line)
Either move would create the liquidity and energy needed to fuel a breakout above the equal highs (EQHs) marked by the black line.
🚀 Target
First Target: EQHs (Black Line)
Second Target: Price Discovery (new ATHs)
💬 Let me know your thoughts or drop your own chart ideas below!
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If you found this useful, make sure to follow for weekly BTC updates, market outlooks, and detailed trade plans based on structure and liquidity.
BTC/USD Short-Term🔷 Pattern: Symmetrical Triangle (Consolidation)
The price is inside the triangle formation (orange lines) and is approaching its completion.
An impending breakout (up or down) is highly probable within the next few hours.
📉 Support Levels (red lines):
117.210 – local horizontal support.
116.324 – 115.050 – strong demand zone (potential target in the event of a downward breakout).
📈 Resistance Levels (green lines):
118.900 – 119.700 – local resistance zone.
121.011 – 121.813 – higher target in the event of an upward breakout from the triangle.
📊 Technical indicators:
✅ RSI (Relative Strength Index):
Currently: 69.05 – close to overbought levels, but not yet at an extreme.
Potential for a short-term pullback unless a strong breakout occurs.
✅ MACD:
Signal lines are tightly intertwined, histogram flat → no dominant momentum.
Waiting for a breakout signal (bullish or bearish crossover).
✅ SMA:
Price currently below the 50 and 200 SMA for 1 hour → slight downward momentum.
The 50-SMA (red) is turning down, which may signal a continuation of the sideways or downward trend.
📌 Short-term conclusions (1–6 hours):
Scenario 1: Bullish breakout:
Confirmation: H1 candle close above 118,900.
Targets: 119,700 and potentially 121,000–121,800.
Scenario 2: Bearish breakout:
Confirmation: H1 candle close below 117,200.
Targets: 116,300, then 115,000–115,300.
📍 Watch for:
Breakout of the triangle boundaries with volume.
RSI behavior relative to the 70 level.
MACD crossover and histogram.
BTC Bull & Bear historical Periods 3 Bull & Bear Markets
Bull markets took around 152 weeks...
then
V
v
v
v
v
Bear Markets took around 52-59 weeks..
then
v
v
v
v
v
v
v
Bull Market gain...
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After 2021 ATH
BTC recorded his current bottom after 52 weeks ( 15500 $).
BTC pumped after 59 weeks .
then what ?
Will the history will repeat itself again ??
if we will be alive inshallah ,we will see the next 152 weeks to ( October - November 2025 ) if this will be the New ATH of the next bull market or not :D
It is not a financial advice , PLZ DYOR
Last chance to reaccumulate Kaspa while it is below 10 cents?Second chance to accumulate CSE:KAS at below 10 cents after its correction down to 5 cents from its 20 cents ATH is coming to an end?
Previously, technicals looked great for CSE:KAS (and other ALTs too) with a breakout from a cup-&-handle pattern in July/Aug2024, but market says otherwise with gloomy economic report. >> For the small portion of capital assigned to trading crypto: I got stopped out from my (manually adjusted) trailing stoploss, with an approx. 6.8%avg loss from my BTC and ETH DCA spot injections into CSE:KAS from 10 cents all the way to 20 cents ATH.
For my long-term investment hold, I had bought from 2 cents all the way to almost ATH (at ~15 cents) and still holding and adding to it now as long as KAS is below. 10 cents. Had started accumulating aggressively again within the green zone, and probably gonna stop soon once KAS leaves the orange zone.
Last cycle, my main Altcoin investment focus was in ADA (POS and UTXO based chain based on academic research and peer-reviewed design), eventually selling most of other ALTs into ADA. This cycle, my personal investment focus is in Kaspa — and probably holding 15%(?) through the bear market correction after blow-off-top into the next cycle together with BTC and some ETH as well. Fingers crossed with regards to price; although the technology, decentralization ethos, and general fundamentals behind it is IMO extremely sound, and has a high probability (though not certain) to eventually establish itself to become one of the (if not THE) top L1s into the future.
———————————————
My reply re. the past YTD price performance of CSE:KAS , which I feel might be worth sharing here.
"For Kaspa, on the YTD timeframe, it has corrected ~50% down, after a ~10x rise from about 2 cents (when I first got in, in 2023) all the way to 20 cents. It is still an early tech about 3 years old and still not widely know; hence as an investment, it is definitely risky and high volatility is to be expected (not listed in high liquidity Tier1 exchanges yet), just like BTC in 2017 where I first bought at ~3kUSD, and a lot more significantly at 5k, and all the way to its ATH at 20kUSD, and stupidly held when it dropped all the way to 3kUSD, and kept on buying with a long-term view.
I view Kaspa in the same light as BTC (different from other cryptos), the only two that I will probably still hold a small but significant portion of, after the blow off top of this cycle due to its fundamentals that I am personally drawn towards -- e.g. POW but 6000x faster than BTC in bps, and ultimately will be 60000x faster once the DAGKnight protocol is implemented in 2026 (trilemma solved); protocol are based on peer-reviewed published research; fair-launched with no-VCs pre-allocation nor pre-mine; no central controlling figure; no DAG/Chain bloating due to implementation of pruning and where 0% TX-archival nodes are needed to maintain the security of mining, and are only necessary for explorers and institutions that intends to track TXs; (soon to come in Q4) Two Layer 2 implementations that will eventually be "Based-Zkrollups" (something that Ethereum planned to implement but was not feasible due to speed and cost issues, even after its POS-fork) -- where L2 TXs are instantly settled onto L1 without security compromising batching of TXs and delayed settlement that Eth-L2s currently does, and more.
But KAS is just a crypto project that I am personally interest in; and I am certainly not recommending anyone to buy as an investment, well unless they see something interesting in it too as I do. ;)"
Btc triangle burst |. Bullish This chart shows a 15-minute timeframe analysis for BTC/USD (Bitcoin/US Dollar) using Elliott Wave .
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📊 Chart Summary:
Wave Structure:
Labeled with corrective wave A–B–C, indicating the end of a corrective pattern.
Price is currently in the potential reversal zone near Wave B, suggesting a bullish move toward Wave C completion.
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✅ Trade Setup:
Entry Zone: Around current price levels (≈117,889.74)
Stop Loss (SL): 117,440.13 (marked in red)
Target (TP): 119,818.29 (marked in green)
Risk-to-Reward Ratio (RRR): Approx. 1:4, a favorable trade setup
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🔍 Key Technical Observations:
Bullish Projection: A large green zone indicating strong bullish momentum if Wave C plays out.
Invalidation Zone: Price falling below 117,440.13 would invalidate the bullish count.
Volume Marker: Small thunderbolt symbol at the bottom could imply a volume spike or a critical event time.
Chart Title: Published under Greenfireforex branding, timestamped Jul 20, 2025, likely indicating a public or private analysis post.
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📌 Possible Interpretation:
This chart suggests a buy opportunity for BTCUSD if price respects the bottom zone (117,440) and begins to climb toward the projected target (119,818). It uses wave theory logic assuming this is a Wave C rally, and price has completed a corrective move.
I'm ready to answer in comments session
BTC/USDT 125k? or 110k fall again?BTC/USDT 4H Analysis – July 20, 2025
The current market structure shows a bullish pennant forming after a strong impulsive move upward, with price consolidating between key support and resistance levels. This pattern, combined with volume signals and key price zones, suggests a potential for a high-volatility breakout.
🔷 Volume Profile & OBV Insights
The On-Balance Volume (OBV) indicator is forming a symmetrical triangle, indicating a volume squeeze. This suggests a potential sudden spike in volume that could confirm the next major move.
Anchored Volume Profile (VPVR) on the right shows a notable low-volume area between 112K–115K. If price breaks below this zone, it could lead to a rapid selloff toward deeper fair value areas due to reduced liquidity support.
📈 Bullish Scenario
If price breaks above the pennant resistance and 119.5K liquidity zone, it may signal bullish continuation.
A successful retest of the breakout level as support would confirm strength, opening the door to:
Short-term target: 123K (supply zone and previous swing high)
Mid-term target: 125K (key psychological level and potential ATH)
Watch for confirmation via OBV breakout and strong bullish volume. Failure to sustain above the 118K–119K area could signal a bull trap.
📉 Bearish Scenario
A breakdown below pennant support and the 115K level would likely trigger a move into the low-volume range.
First key downside target: 114.7K–115.7K, which aligns with the Golden Pocket (Fib 0.618 zone) and a 4H Fair Value Gap (FVG).
This zone may act as a support or a liquidity grab reversal area.
If this zone fails to hold, deeper downside targets become likely:
FVG 2 (~112K)
Psychological support at 110K, which aligns with strong historical demand and a major VPVR node.
This bearish move may either confirm further downside momentum or present a fakeout opportunity if price sharply reverses from one of these deeper levels.
✅ Summary
BTC is coiled within a bullish pennant, with both bullish continuation and bearish breakdown scenarios in play. Volume confirmation and breakout direction will be key. Traders should monitor how price reacts around the 115K–118K zone for directional clarity. A move beyond this range, especially with volume support, will likely define the next trend leg.
BITCOIN - Price can bounce up from support line to $125000Hi guys, this is my overview for BTCUSD, feel free to check it and write your feedback in comments👊
For a long time, the price was trading sideways inside a wide flat range between the $99000 support area and the $112000 resistance level.
After accumulating volume, bitcoin made a strong upward impulse and performed a breakout, pushing above the top of the flat.
Following this movement, the price action began to form a rising wedge pattern, moving between its clear support and resistance lines.
Recently, price tested the resistance line of the wedge and then started a predictable correction back down towards support.
Now, BTC is approaching the support line of the wedge, which aligns with the important horizontal support area around $112000-$113500.
I expect that the price can test this support line and then bounce up to the $125000 resistance line of the wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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Bitcoin may bounce up from support area to 122800 pointsHello traders, I want share with you my opinion about Bitcoin. Analyzing the broader market context on the BTC chart, the past price action has carved out two significant technical structures: a wide trading range and a larger upward wedge pattern. The formation of this wedge indicates a generally positive market sentiment, though the narrowing price swings suggest a decrease in upward momentum. The foundation of the current structure was established around the buyer zone of 105500 - 104500, a level that has historically proven to be a robust floor. This historical behavior provides a critical reference for our hypothesis. Currently, we are observing bitcoin's price action closely, interacting with the current support area, located between 116500 and 117300. The character of the movement here is largely corrective and consolidative, pointing to a state of temporary equilibrium. This consolidation near the lower boundary of the wedge is a pivotal point. My thinking is that a final, brief dip to thoroughly test the 116500 - 117300 support area is a high-probability scenario. Such a move would effectively absorb remaining sell-side liquidity before a reversal. We can then anticipate an impulsive move upwards across the range. Therefore, the logical take-profit for this long position is set at 122800 points, as this level marks the upper resistance of the range and a natural target. Please share this idea with your friends and click Boost 🚀
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Bitcoin is still bullish (4H)Bitcoin appears to be in a dual bullish structure, currently in the second bullish phase following wave X.
Considering the expansive nature of the correction in the second pattern, it seems we are within an expanding triangle or a diametric structure.
Based on the duration of wave C, it appears that the bullish wave of the second structure is not yet complete.
We expect such fluctuations for Bitcoin in the coming period.
A daily candle close below the invalidation level would invalidate this outlook.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BTC Dominance Rebound???🧭 Market Outlook
BTC Dominance (BTC.D) remains in an uptrend channel → investors still favoring CRYPTOCAP:BTC over alts.
📉 From Jun 28 to Jul 18, BTC.D dropped -7%, fueling a solid rally in ETH & alts.
⚠️ BTC.D may bounce back if it fails to break the key support (breakdown line/golden circle). Next resistance zone: 70.48%–73.82%. If this plays out → alts may lag during BTC pumps & dump harder on corrections.
🌊 Altseason only if BTC.D breaks down decisively.
But not all alts will fly. Be selective — don’t go all-in on a single coin. 🧠
HelenP. I Bitcoin will correct to trend line and then start riseHi folks today I'm prepared for you Bitcoin analytics. The price has been trading in a strong bullish structure, clearly respecting the ascending trend line since the rebound from the 107500 level. Each time the price touched the trend line, it formed a higher low and continued the upward movement. After breaking through the important Support 1 zone (115500–116500), BTC made a strong impulse upward and reached a local high above 122000 points. Currently, the price is making a pullback and moving closer to the trend line again. This area has previously acted as a major point of interest for buyers, and now it's expected to play a key role once more. The support zone and trend line are converging, which makes this level critical for the next move. I believe BTCUSD will bounce from this area and continue its bullish momentum. My goal is set at 123000 points. Given the market structure, higher lows, and strong reaction from the support zones, I remain bullish and expect further growth from current levels. If you like my analytics you may support me with your like/comment ❤️
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