BTCUSDT at daily support, likely to head to 66300The price retraced to daily support DS1 after getting rejected from weekly resistance WR1. Weekly resistance was supposed to push price down, specially after that level being a strong zone for liquidity. However, the daily support is a good zone for the support. The price may trade here for a while but I believe the price will bounce here at least towards 4HR1. We will see how the price reacts once it reaches 4HR1 and act accordingly. Therefore, lets try this long trade setup. Let me know what you think.
BTCUSDTPERP
Market Response After the Launch of ETFsComparing Bitcoin and Ethereum Charts After ETF Launch.
Bitcoin's price dropped 20% after the ETF launch. We can expect a similar drop in ETH before it goes up. ETH price has already dropped 11% after the ETF launch, and we can expect the bearish move to continue for the next few days before we see a bullish move.
A good buying opportunity is expected once ETH experiences a 15-20% correction.
Regards
Hexa
#BTC reaches the support zone, beware of rebound📊#BTC reaches the support zone, beware of rebound📈
🧠 From a structural perspective, the goal of the double top short structure has been achieved, so there is an expectation of a rebound. In addition, the price touches the upward trend support line and support zone, so there is also an expectation of rebound, so we should not chase short in the support zone.
➡️If you want to go short, you also need to wait patiently for a rebound to appear before considering it. For the next resistance area, you can focus on the blue resistance line or blue resistance area, the approximate range is (65000-66000).
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BITGET:BTCUSDT.P
#BTC short position structure is intact📊#BTC short position structure is intact📉
🧠 From a structural perspective, the goals of the double top short structure have not been fully achieved, so callback expectations remain. At present, the probability of the price falling back after hitting the downward trend line is relatively high, so be cautious in pursuing the rise.
➡️From the perspective of wave theory, wave 4 may have been completed, and wave 5 is expected to occur.
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BITGET:BTCUSDT.P
#BTC/USDT#BTC
The price is moving within a bullish channel pattern on a 30-minute frame, and the price is now at the lower border of the channel
Which supports the bullish assumption because the price is based on an upward trend and is moving within it
We have a higher stability moving average of 100
We have an upward trend on the RSI indicator that supports the rise and gives greater momentum, and the price is based on it to rise after it was broken upward.
Entry price is 67,000 $
With a target at the upper border of the ascending channel 68600 $
#BTC structural evolution, cautiously bullish📊#BTC structural evolution, cautiously bullish📉
🧠 From a structural perspective, we have a larger level double-top short structure constructed near the resistance zone, so the bias is bearish.
➡️If you want to do long trading, you need to wait for the short structure to be destroyed or wait patiently for the price to reach the buying zone below before considering it.
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BITGET:BTCUSDT.P
#BTC may fall according to the double top structure📊#BTC may fall according to the double top structure📉
🧠From a structural point of view, we are still consolidating near the resistance zone. There is currently a one-hour short structure. If it continues to fall according to this structure, its ideal target zone overlaps with the support zone below. Therefore, if you want to If you want to go long, you can focus on this area.🔥
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BITGET:BTCUSDT.P
BTC - Local perspectiveOver the weekend INDEX:BTCUSD re-contested the $66,141 level and now we see consolidation above this level.
If the consolidation continues and the price can successfully consolidate above this level during this week, there are all chances for the price to rise towards the next model level - to the price of $73,518, the resistance zone, very close to the historical maximum.
If the price returns under the level of $66,141, it is reasonable to expect a move towards $61,083, $59,505 and the unclosed GAP at the CME:BTC1! at $57,805:
BTCUSDT at 4h support, likely to head towards 70kHere is a trade idea on BTCUSDT. The price has moved well from the low it had made a couple of weeks back. It has shown strength while moving up and now facing some struggle at the daily resistance and currently resting on 4h support. The price is likely to bounce from this support and head towards weekly resistance WR1 which is around 70k. Therefore, lets take this long trade. We will monitor the price action and manage the trade on the way accordingly.
BTCUSDT Headed for more than 7% Drop?Hey Realistic Traders, let's dive into the technical analysis of BINANCE:BTCUSDT
Bitcoin is currently trading below the EMA90 line, indicating a bearish trend . The breakout from the rising wedge formation further confirms this downtrend. Additionally, the momentum indicator has revealed an MACD bearish crossover, reinforcing the negative sentiment . This crossover, marked by the MACD line crossing below the signal line, underscores increased selling pressure and suggests a potential downward movement. Therefore, these combined technical signals collectively suggest a continuation of the bearish trend, with our initial target set at 58,093 or potentially dropping further to the second target at 55,742.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Bitcoin."
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Bitcoin is Ready to Attack to Heavy Resistance zoneBitcoin moved as I expected in yesterday's post and managed to break the descending channel and Resistance zone($65,500-$64,850) .
According to Elliott's wave theory, Bitcoin is completing the main wave 5 .
I expect Bitcoin to start rising again after the minor correction and attack the Heavy Resistance zone($67,930-$66,160) .
Do you think Bitcoin will break the Heavy Resistance zone($67,930-$66,160)❗️❓
Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
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#BTC reaches the resistance zone, be wary of falling📊#BTC reaches the resistance zone, be wary of falling⚠️
🧠From a structural point of view, the goals of the bottom long structure have been achieved and are currently consolidating in the resistance zone. The rise without structural support cannot be sustained for too long unless a new long structure is rebuilt in the resistance zone. We must be alert to the occurrence of callbacks at any time.
➡️From the perspective of the adjustment cycle, we need to build a short structure of the same cycle in the resistance area to reverse this upward trend. In addition, due to the weekend, there is not much trading volume, so we need to maintain more patience. ☕️
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BITGET:BTCUSDT.P
Bitcoin Roadmap==>>4-hour Time FrameBitcoin made the corrections I had expected in previous posts .
Bitcoin is currently moving in the Support zone($63,410-$62,280) .
According to the good news from the crypto market , we should expect an increase in Bitcoin at least until the end of July, when the annual Bitcoin conference is in a few days.
According to the Elliott wave theory , Bitcoin seems to be completing wave 4 . If the upper line of the descending channel breaks, we can confirm its end .
I expect Bitcoin to rise to at least the Resistance zone($68,000-$66,170) .
Bitcoin Analyze (BTCUSDT), 4-hour time frame⏰.
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#BTC complex consolidation stage📊#BTC complex consolidation stage
🧠From a structural point of view, we are still consolidating sideways within the target area to digest the selling pressure. As it stands, we have an opportunity to build a bearish double top structure in the selling zone. 📉
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BINANCE:BTCUSDT.P
BTC IS RISING STAR 67000-69000$ + %70BEAR= 58317-46930= + 11387
BULL= 58317+11387= 69704 ( MAİN TARGET )
TAKE PROFİT
(SELLER) HİGH= 59400- 59800- 60600- 61500 -62300- 63000$ - 67000$ - 69700 - 70300 - 71400- 73600
( BUYER ) LOW= 43000-47200-48500-49800-51300-52900-55000
Btc dominance now 44.
We estimate Btc Dominance 55.
It is not investment advice. Calculate your risk. Big money big risk, Little money Low risk.
#BTC/USDT#BTC
We have a downtrend pattern on the 12-hour frame, the price is moving within it and adhering to its boundaries well
We have a support area in green at a price of 55,000 after the price touched it and rebounded from it
We have a trend to stabilize above the moving average of 100
We have a downtrend on the RSI indicator that supports the price upwards
Entry price 64,000
First target 67,600
Second target 70,587
Third target 73,670
Bitcoin Analysis==>>15-minute time frameBitcoin is moving near the Resistance zone($65,500-$64,850) and Resistance lines .
I expect Bitcoin to attack the Support zone($64,280-$63,850) again in the coming hours; if the support zone breaks , we should expect Bitcoin to fall at least to the support line .
Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; 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.
BTC Breaking DownBuilding upon my previously published concept, it appears that the DXY has staged a false breakdown (took liquidity), while BTC has mimicked an upward surge and took liq as well.
Additionally, the minor parabolic movement has been disrupted. If there is another breach of the significant 4-hour swing low, I believe it could result in a rapid decline to around 42,200.
At this moment, I would advise against initiating a short position. Instead, I recommend waiting for a confirmation and a retracement to the order block near 64,400. At that point, one might consider taking a low-risk, high-reward short position. Best of luck to everyone!