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BTCUSDTPERP

#BTC in resistance zone, wary of pullback📊#BTC in resistance zone, wary of pullback⚠️ 🧠Judging from the daily level structure, we are still under the suppression of the double top short structure, so we still need to be alert to the occurrence of further corrections. Unless we can reach new highs or form a bullish structure with the same cycle, we cannot be too optimistic. 🤜If you like my analysis, please like 💖 and share 💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P
Short
by wolf_king888
1
BREAISH BTC SCNEARIOBitcoin (BTC) has established a daily higher high (HH). To confirm a swing high, we need to wait for another daily candle, specifically looking for tomorrow's candle to close below today's. Following this, we should anticipate a correction towards the discount zone. Here are two potential scenarios: A. If BTC forms a lower high (LH) after the retracement, it indicates that the change of character (CHOCH) in the current upward movement is invalid. Consequently, BTC is likely to decline further and continue its downward trend. B. If BTC does not respect the order block (OB) expected to form in the upcoming days during the retracement and fails to create a LH in the next upward leg, it may continue to rise. Given that the weekly BTC chart has not retraced to the previous high or reached the discount zone, the likelihood of scenario B occurring increases. Another important factor is volume, which often precedes price movements. The recent upward leg exhibited lower volume compared to the high volume observed during the downtrend, suggesting that buyers may be losing momentum. On the one-hour chart, the recent swing low has been broken, forming a CHOCH. This potentially signals the start of a downward pullback. Enjoy and good luck (GL)!
Short
by stavkog
BTC at critical levels- Will Bulls Prevail or Bears Dominate?Yello Paradisers! Have you noticed the recent action on #BTCUSDT 4-hour chart? BTCUSDT seeing a clear downtrend with several successful Breaks of Structure (BOS), culminating in a lower low. Let's dive deeper into the current setup and what it means for our next moves. 💎#BTCUSDT has been in clear downtrend with several successful Breaks of Structure (BOS), culminating in a lower lows. BTCUSDT has shown an internal shift, suggesting potential reversal zones ahead. 💎BTC pair is heading towards a bearish order block between 61827-63206. Rejection from this zone is highly probable, so keep an eye on this level. 💎BTC has been forming XABCD bat, with the D leg yet to be completed. This aligns with the bearish order block, adding to the potential rejection scenario. Minor Resistance is spotted at 63910, aligning with the X leg of the bat pattern. There is also a Major Resistance at 65303, a previous crucial support level. 💎If the daily candle closes above 65303, it could signal bullish dominance and potentially propel BTC to new all-time highs (ATH). Stay vigilant, Paradisers. The market is presenting crucial levels that could dictate the next significant move. Discipline and strategic planning are essential. Remember, Paradisers, patience and discipline are key. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. This is the only way to succeed in your crypto trading journey. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise_Jack
2
#BTC reaches the target zone📊#BTC reaches the target zone✔️ 🧠 From a structural point of view, all the ideal goals of the double bottom structure have been achieved and the resistance zone has been reached, so we need to be alert to the emergence of a callback. ➡️ If we want to continue to rise without the support of a bullish structure, it will be difficult for us to go further. Therefore, if you want to be bullish, you need to wait patiently for the correction to occur before considering it. 🎉Congratulations to all the friends who followed Wolf King to print money and gained nearly 2000% profit. 💰🚀🌕🍻 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P
Long
by wolf_king888
Phemex Anaylsis #6: Bitcoin Breakout - Is it Real or False Dawn?PHEMEX:BTCUSDT.P has recently surpassed the $63,000 resistance level, which has now turned into a support level (weak support). This is a significant development as $63,000 has historically been a formidable barrier for upward movement. The current market conditions suggest a potential shift in momentum, with Bitcoin trading above this critical level. Here are Two Potential Scenarios for BTC Price Movement in this week: 1. Bullish Scenario: Continued Uptrend After surpassing $63,000, the next major resistance level to watch is around $68,000. Historically, this level has seen substantial selling pressure. If Bitcoin continues to exhibit strong buying momentum and breaks through $68,000, it could signal the start of a new bullish phase. Traders should monitor for sustained buying volume, which would indicate a healthy uptrend. 2. Bearish Scenario: Reversal from Resistance If Bitcoin fails to break through $68,000 and faces rejection, the immediate support to watch is the $63,000 level. Further down, $58,000 and $54,000 become critical support zones. A rejection at $68,000 could lead to a retracement towards $63,000. If Bitcoin fails to hold this support, it might indicate a deeper correction. 3. Consolidation Scenario If the price fails to hold the $63,000 support level and drops to a higher low (higher than $56,500), then the price will most likely enter a consolidation/accumulation phase before deciding its direction (ideally bullish). In Summary, Bitcoin's rise past the $63,000 level marks a significant milestone, but traders should remain cautious and watch for confirmation of sustained momentum. Key levels to watch for upside targets are $68,000 and $72,000, while downside risks could see support tests at $63,000, $58,000, and $54,000. Stay informed and adjust trading strategies based on market developments and technical indicators. Note: Exciting Update Coming Soon to Pulse , Our SocialFi Platform! Stay tuned for more details. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
Bitcoin BTC price starts rapidly move after "fresh" US CPIThe "fresh" CPI US was announced at 3.0%, while the forecast was 3.1%, the previous figure was 3.3% The data is more than positive, laying a good foundation for the start of the Fed rate cut Logically, the price of financial assets should rocket upwards, well, at least the SP 500 does) But unfortunately, the correlation between stocks and CRYPTOCAP:BTC is now the lowest since 2019. On such positive news, in a strong market, OKX:BTCUSDT price should have soared to $62 thousand, or even $64 thousand Maybe this will happen with a certain "time lag" according to the blue scenario. But still, you should keep the red scenario in mind at the same time: First, another update at least to the $52000-52800 area and "shake out" of the long positions, and only after that the growth trend will begin. What are your thoughts? Which scenario is more likely now?
by P_S_trade
16
#BTC/USDT Hit our Target $63k What's Next? Since the last BTC update, the price has followed our expected path perfectly. Currently, BTC is trading right around the critical resistance level of $63k, a level I've highlighted since it reached $53k. This is the moment of decision. Following the news of an assassination attempt on Trump, the market experienced a relief rally. However, it's still uncertain whether we are out of the woods yet. The best strategy now is to start positioning into altcoins while holding BTC. Over the past 3-4 weeks, I've posted insights on 40 altcoins. Feel free to review those, as I'll be sharing 30 more promising altcoins starting today, so make sure to follow me. Returning to the chart, if BTC breaks above the $63k level, we could see it trading around $70k+ in the short term. The mid-dotted line, which previously acted as support, has now turned into resistance. A breakout above this level could be very bullish for the market since the same level aligns with Multiple EMAs. We are almost there; patience is key. The most reasonable move now is to wait for a breakout above $63k. A break and close above this level would signal a strong opportunity to go long on both altcoins and BTC. I will keep this chart updated and inform you of any significant changes, whether the breakout occurs or not. So, follow me and share these charts with others. Don't forget to hit the like button. Please share your views, questions, or altcoin requests if you have any. Thank you. PEACE
by Cryptorphic
11
#BTC reaches the staged resistance zone📊#BTC reaches the staged resistance zone✔️ 🧠 Judging from the chart, we have reached the periodic resistance zone as expected, so we need to be alert to the emergence of callbacks and not chase the rise in the resistance zone. ➡️ From a structural point of view, the bullish structure is intact and the ideal goal has not yet been achieved, so it is still worth looking forward to. New long participation opportunities need to wait for a callback to occur before considering them. Let’s see 👀 🤜If you like my analysis, please like 💖 and share 💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P
Long
by wolf_king888
#BTC complex consolidation stage📊#BTC complex consolidation stage 🧠 From a structural point of view, the bullish structure is intact, so we can still expect it to rise higher. However, we are currently very close to the resistance zone, so it would make more sense to consolidate back and forth between the support zone and the resistance zone. Due to the weekend, trading volume is low, so it is best to exercise more patience. ☕️ Let’s see 👀 🤜If you like my analysis, please like 💖and share 💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P
Long
by wolf_king888
Bitcoin Analysis==>>RoadmapAfter the announcement of the Consumer Price Index(CPI) Indexes , it seems that Bitcoin's correction structure has changed a little, but I still DO NOT expect an increase in its price. In terms of Elliott wave theory , Bitcoin seems to be completing the Leading Diagonal . Also, we can see Regular Divergence(RD-) between Consecutive Peaks . I expect Bitcoin to start falling again after entering the Potential Reversal Zone(PRZ) and at least fall to the Target I have specified on the chart. Note: If Bitcoin can go above $62,000, the scenario will change. Note: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze (BTCUSDT), 1-hour 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.
Short
by pejman_zwin
15
Bitcoin Roadmap==>>1-hour time frameThese past few days, the cryptocurrency market has been affected by news about the Mt.Gox exchange and the German government's manipulations . Bitcoin has managed to break the Heavy Support zone($61,100_$58,700) and 200_SMA(Daily) and is currently completing a pullback . In terms of Classical Technical Analysis , it seems that Bitcoin has succeeded in forming a Symmetrical Triangle Pattern ( A symmetrical triangle is usually a continuation pattern ). Regarding Elliott's wave theory , Bitcoin seems to have finished the Double Three Correction(WXY) . I expect Bitcoin to fall at least to the Lower line of the Symmetrical Triangle Pattern and Cumulative Long Liquidation Leverage . Note: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze (BTCUSDT), 1-hour 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.
Short
by pejman_zwin
14
#BTC long structure established📊#BTC long structure established✔️ 🧠We finally chose to break upward, which means that the long structure is established, so our bullish view will remain unchanged in the medium term. ➡️Although we are bullish, we will not chase the increase now. If there is a good correction, then we will consider buying back the reduced positions again. ➡️If the development is as expected, then the most ideal target area can focus on 63000-65000 Let’s see 👀 🤜If you like my analysis, please like 💖and share 💬 BINANCE:BTCUSDT.P
Long
by wolf_king888
#BTC rally has happened📊#BTC rally has happened✔️ 🧠From the chart, we can see that the price is consolidating between the neckline resistance zone and the support zone. At present, we need to patiently observe which side we will break through to judge how it will develop next. ➡️If we successfully break through the neckline resistance area, then the bullish structure will be established, and the ideal target can be seen around 63000+. ➡️If we continue to fall below the support zone, the next support zone worthy of our attention is 49912-51820. ⚠️But I think the probability of continuing to fall below the support zone is low, so we hold long orders near the support zone, lock in the main profit, and look forward to more in a low-risk way. Let's see👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P
Long
by wolf_king888
BTC - what if it's lower than $56 522?On May 21, the INDEX:BTCUSD chart formed a model on the weekly timeframe that describes the key logic behind the price movement. The model was confirmed by touching the trend line: After an unsuccessful attempt to retest the trendline between June 5 and June 8, the price retreated towards the 4 point ($56 522). Right now the price is trying to consolidate above this level, but if INDEX:BTCUSD still fails to trade higher during the week and goes back under $56 522, we could see price levels like $43 349 and $33 229 in the long term.
INDEX:BTCUSDShort
by TSFC