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Cautious Investment Strategies Amid Bitcoin Market VolatilityGiven the recent drop of Bitcoin below the $65,000 level, Bitcoin is currently experiencing downward pressure, with the price nearing critical support levels. In my view, these fluctuations suggest that the market may not be suitable for investors with a low risk tolerance. First Support Level: $63,000 – This level is an important point to monitor market reactions. If stabilization occurs at this level, buying interest that can be leveraged may appear. Should the price break through this first support and reach $60,000, the market should be carefully evaluated for entry as this area might be a potential turning point for recovery. This means that a gradual buying strategy can be implemented starting at $63,000 and increased if the price approaches $60,000, thereby enhancing the average entry price and reducing risks in the event of a sudden decline. Before buying, the anticipated risks should be identified and evaluated, and the market's readiness to receive lower price levels should be considered. External considerations such as economic developments, policy updates, and geopolitical conditions can significantly impact the market. These factors should be taken into account before making a purchase decision. Current analyses suggest a cautious approach to investing in Bitcoin. Investments should be carefully considered, focusing on support levels and using a gradual buying strategy to improve the average purchase price and minimize exposure to high volatility. If you prefer to avoid high risks, it may be wise to wait until the market shows stronger signs of stability and recovery.
COINBASE:BTCUSD
by bbitar
BTC rebound imminentMixed trading signals are anticipated for the next 24 hours in the crypto market. Bitcoin is experiencing tropical conditions, pointing to strong buy signals and a rebound from these levels. Bitcoin fell below $66,000 on Monday morning, extending last week's decline due to new U.S. economic data. After nearing all-time highs above $71,000 earlier this month, Bitcoin and the broader crypto market have cooled, with Bitcoin briefly dipping below $65,000 over the weekend. Follow us for more crypto weather reports!
BITSTAMP:BTCUSDLong
by ATTMO
BTC Could take a pullback (5000 pts downside)BTC level of 69000 round level could be crucial there we have two condition on both sides but the down the side has more space to move and get more liquidity (4000-5000) whereas the upside has only 2000 pts space the favourable sides happens to be pullback and trade on reversal because once the price crossed above 69000 then soon after there will be resistance of trend line 64,600 and 64,120 is a fvg from daily chart incase we see higher high, higher low on this area will be look for longs
by Jimmy_Rebello
2
BTC Bitcoin Technical Analysis and Trade Idea👉 In this technical analysis and trade idea for BTC Bitcoin, we delve into the higher time frame charts which currently suggest a bearish outlook for BTC. Despite this, the price action hints at a potential reversal. It is crucial to understand that this is speculative and not a definitive prediction. We need to observe specific price movements to confirm a true reversal. The video covers an in-depth analysis of the trend, market structure, and price action. Please remember, this content is intended for educational purposes and trading involves substantial risk. Always prioritize robust risk management strategies in your trading decisions.
by fxtraderanthony
#BTC sitting on a thread! This is what you need to know!#Bitcoin is sitting around $66,306.30, flirting with the 50-day moving average, a critical line in the sand. We've got solid support at $65,551 and resistance up at $71,452, So watch for a break below $65,551 for a potential drop to $60,364 or $57k. Volume's low, signalling consolidation. If BTC holds above the 50-day MA, a push towards $71,000 is on the cards. Eyes on the breakout or breakdown. Enjoy your weekend. I'll be here if anything important comes up. Have a great time! Do hit the like button if you like my updates and share your views in the comment section. #PEACE
by Cryptorphic
4
Inverted H+ Shoulder on BTCWe've all seen this pattern being pushed out - However there seems to be a lot of talk saying that it has invalidated. It has not, and is still very much in play - The left shoulder has a "W" within it, and as such I expect the same to be played out with the right shoulder, as marked in white. To get a potential breakout target, I worked out the difference between the neckline and the peak of the head, and then marked that distance out from the top of the neckline, which is where the breakout should happen.
Long
by Nightranger_
2
Old chart revisited and shows some surprises On first glance, the Run from 2017 to the 2021 ATH and the current path from 2021 to the Next ATH, could be seen to be very different in so many ways. And They are, I pointed out the First and most prominent difference recently when I showed how PA was level with previous ATH level at the Time of Halving for the First time Ever. However, as this old chart shows, now that we have a few more Months of data on it, there are still some Very strong Similarities...and this is a Very BULLISH thing Lets have a look ( please note, this is a weekly chart-days count is subject to 7 day variation) 2017 ATH to Next Low ( A) 217 days 2021 Nov ATH to next Low ( C) 217 days Dec 2018 Low point A to Halving 518 days Nov 2022 Low point C to Halving 518 days Given the similarities above, is it safe to assume this continuity may continue ? The Simple answer is NO but let us have a look at some projections using this data because, it Does have confluence with many other charts May 2020 Halving to Next ATH - 336 days April 2024 Halving. If we use the 336 days then we end up with a projected next ATH in March 2025. This is a widely used expected date date May 2020 Halving date to continued push up to New ATH ( green box on left ) = 119 days April 2024 Halving. If we use the same day count, we come to August as the time when we should see a continued push higher. I do have other charts that point more towards July but August could be considered to be within a range of Tolerance... Other things to note here are - 1) PS this time is Much more "controlled". e are rising slowly and carefully. The 2017 to 2021 was a Volatile and Choppy rise as can be seen by the Massive Ups and downs of PA. We are being a Lot more controlled, to try and avoid these sudden and painful Dips; 2) The RSI ( Top indicator below the Volume bars ) is currently a lot higher than on previous Halvings. ( orange vertical lines ) This is due to the continued and steady Rise of PA over the last 19 months - Previously, RSI rose post Halving, We are currently Dropping.. Fast...and I expect we will be where we need to be by the July / August date mentioned above. 3) The ATR ( bottom indicator that measure Market Volatility ) is way up high now where as, on the 202 Halving, ATR was Down low. However, as we saw in the 2021 year, ATR can range high for extended Periods of Time. All in all, for me, some interesting similarities and possibilities here. Even though efforts are being made to control the market and rise smoothly, we are still working with in the same time periods as previous Runs... These are all Just IDEAS...untill it happens, nothing os certain..But it can lead to other ideas and options.
COINBASE:BTCUSD
by Orriginal
3
#BTC/USDT Bullish and BEARISH $57k before $100k??In this post, we will assess both bearish and bullish scenarios with detailed reasoning to help you make informed decisions, whether you're trading or investing. BTC/USDT is currently trading at $67,087.98, just above the 50-day Simple Moving Average (SMA) and $65,551.00, a critical support level. The price has already broken below a key pattern, signaling a potential shift in market sentiment. If BTC breaks below the 50 SMA+ 65.5k support, it could trigger a move towards $60.3k, with a further downside target around $57k, where high liquidity and the 192-day trendline intersect, offering strong support. Conversely, if BTC holds above the 50 SMA, it may avoid the bearish breakdown and instead aim for higher resistance levels at $71,452.01 and $73,777.00. This positions BTC at a decisive point, where the next move will likely determine the short to mid-term direction. Traders should closely watch the interaction with the 50 SMA to gauge potential price movements. FUNDAMENTALS :- The fundamentals do not align with the technicals. Here are some important points to consider: HTF: - ETF Approved ✅ - Halving ✅ - Petro dollar expiry with no renewal ✅ - US presidential candidate endorses crypto ✅ - Daily bullish divergence holds for BTC ✅ LTF: - Liquidity taken below ✅ - CPI fell and rates reduced ✅ - PPI fell and rates reduced ✅ Reason for Further Down HTF: $100k charts everywhere but without any pullback! There is a significant amount of liquidity between $50-59k, which is very attractive to big investors and institutions with BTC targets between $130k-$350k. Even if we dip slightly above $51k, the higher low will remain intact, keeping the HTF trend bullish. The current HTF fib retracement is thin compared to traditional optimal entries. Historically, before a new ATH, there's usually a major shakeout causing fear and cheap liquidity for institutions. This hasn't happened yet, making now an ideal time for a retracement amid high bullish sentiment and greed. A typical scenario involves a massive, unexpected dump causing widespread fear, lasting from 10 days to 3 weeks. This provides institutions and big investors with cheap liquidity, setting the stage for a bull run once their positions are filled. So, even with positive indicators, remain cautious. Avoid FOMO for your own sake. It's better to keep cash (At least 40% in USDT to buy Alts at cheap). This is the kind of decisions we didn't see in previous bull runs! Remember that? I hope this post helps you. If it did, please hit the like button and share your views in the comment section. Thank you #PEACE
Short
by Cryptorphic
3
BTC Rejects $70K: Recovery Fails Following Fed AnnouncementBitcoin witnessed a strong rise above the $68,500 resistance area. It tested the $70,000 level, but after the Fed announced the interest rate hold at 5.5%, a strong bearish reaction was observed. Bitcoin started a new decline from the $70,000 resistance zone, and the price is now trading below $68,550 and the 100-hour simple moving average (SMA). Uptrend Line and Support: There is an uptrend line forming with support at $67,500 on the hourly chart of the BTC/USD pair. The price is facing resistance near the $68,250 level. This means there is sufficient buying pressure to prevent the price from dropping further. This level is considered a strong support based on previous price movements. Resistance Levels: The price is struggling to rise above the $68,250 level. This level acts as a barrier to upward price movement. Therefore, the first major resistance can be at $68,550, as this level is a key resistance point where the price is expected to face more difficulty in breaking through. Fibonacci Level: The 50% Fibonacci retracement level is used to identify potential support and resistance levels after a significant price move. In this case, the 50% Fibonacci retracement of the drop from the $69,969 high to the $67,148 low indicates that the $68,550 level represents half of the downward move between the high and the low, making it an important resistance level. Next Important Resistance: The next key resistance could be at $69,200, a level where the price might face strong selling pressure, making it harder for the price to rise. This level is an important resistance point to watch. A clear move above this resistance could push the price towards $70,000, a significant psychological level where investors might expect increased selling pressure. Further gains could drive Bitcoin towards the $71,200 resistance, which could act as a temporary stop or barrier to upward price movement. If this resistance is broken, it indicates that the market has sufficient strength to continue rising. Trading Recommendations: Buying Opportunity: If Bitcoin succeeds in rising above the $68,550 level, buying positions can be opened with targets at $69,200 and $70,000. As mentioned, the $70,000 level is a major psychological barrier and strong resistance in the market. It is crucial to place stop-loss orders below $68,000 to manage risk. Selling Opportunity: If the price fails to stay above the $67,200 support level and drops below it, this indicates weak buying pressure and increased selling pressure. In this case, the price could drop to $67,000, a nearby support level that might see some temporary stability. If the downtrend continues, the next target would be $66,000, a major support level that could offer a buying opportunity or other trading decisions. Investors should always keep an eye on global economic events and any statements from the Federal Reserve, as they significantly influence price movements. Relying on both technical and fundamental analysis is essential for making wise investment decisions in the volatile cryptocurrency market.
COINBASE:BTCUSD
by bbitar
btcPlan 1 From this first resistance, we play a little and the blue movement is done Plan 2 We have Time News today and Green Plan Important note We have three important areas where I don't do a lot of shopping We are in a short-term downtrend If the important resistance areas are not broken, the yellow lines are in sight We have news It is a personal opinionPlan 1 From this first resistance, we play a little and the blue movement is done Plan 2 We have Time News today and Green Plan Important note We have three important areas where I don't do a lot of shopping We are in a short-term downtrend If the important resistance areas are not broken, the yellow lines are in sight We have news It is a personal opinion
BITSTAMP:BTCUSD
by hosseinghaffari67