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BTCUSDTPERP

Bitcoin can Go Up Temporary!!!==>>Short termBitcoin and other tokens faced a sharp drop in price following unfavorable US economic reports and the possibility of tension between Iran and Israel . Bitcoin fell below $60,000 for the first time in recent weeks. The publication of the US employment report and the increase in the unemployment rate to the highest level in the last 3 years have been the main factors of this fall in previous days. The withdrawal of capital from Bitcoin ETFs and failure to maintain key support zones also fueled this downward trend, and strong selling pressure in the market also provided the conditions for further price reduction. First of all, I must say that this analysis is short-term , and Bitcoin's trend can continue to be bearish if it does not stabilize above the 21_SMA(Weekly) . Bitcoin is currently moving in a Heavy Support zone($61,760-$58,400) . According to the theory of Elliott waves , it seems that a 5th downward wave has been completed and we should wait for corrective waves . Also, we can see Regular Divergence(RD+) between Consecutive Valleys . I expect Bitcoin to rise to at least $61,900 . Note: Because the tension in the Middle East is increasing, especially after 20:30 UTC, try to keep an eye on long positions and make sure not to forget capital management and Stop Loss(SL). 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.
Long
by pejman_zwin
14
#BTC reaches support zone📊#BTC reaches support zone✔️ 🧠 We have experienced two days of sharp decline again, and now we have reached the support area and gained support. Be wary of the risk of rebound⚠️ ➡️If we can stabilize in this area and build an hourly bullish structure, then we will be able to reverse the downward trend, otherwise we cannot be too optimistic. 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 💯 BITGET:BTCUSDT.P
Long
by wolf_king888
#BTC & #Alts If you're down, Read this! I know how you Feel!#Bitcoin Keeping it Simple! CRYPTOCAP:BTC : Weekly close must be above $62k for a rebound. If we close below that level, BTC could drop to as low as $50,144 to $53,288. It's better to wait for the weekly close—stop staring at the screen if you're anxious. After a red market comes green, right? So, don't try to catch falling knives. Even my spot bags are down, but remember what we did in the last bull runs? We sold right before the real rally started. Don't make that mistake again. It's better to log out and avoid futures trading. If BTC hits the $50k-$53k zone, that could be a great opportunity. Why? Alts will have even more discounts, presenting a rare opportunity that comes once or twice in 4 years. So, buckle up. BTC Dominance is nearing a high, possibly creating a Bearish Divergence. DXY is breaking support, and institutions like BlackRock are buying in. @saylor is raising $2 billion to add more BTC to the @MicroStrategy portfolio. A lot is happening. You'll thank yourself in the next few months for not panicking. I know it's tough to see your portfolio down by 20% to 40%, but when these alts start making 5x or 10x returns, you'll be in the green. That’s likely to happen soon. So, stay strong, trust yourself, and don't try to outsmart the market. The key is choosing the right coins—I've posted many altcoin setups for that—and being patient with those bags. If you're new, steer clear of futures. Conclusion: BTC is trading around support. $60.3k is a good support level. A weekly close above $62k is crucial. If that doesn't happen, we'll wait for more opportunities. This price action might continue for 4 to 8 weeks before the real rally begins. The plan is simple: stick around for the next 4 to 8 weeks without making rash decisions. I hope this post helps! If it did, please like and share so more people can read this during these challenging times. Stay strong, WAGMI :) Thank you #PEACE
BITSTAMP:BTCUSD
by Cryptorphic
5
#BTC may build a double bottom bullish structure 📊#BTC may build a double bottom bullish structure 📈 🧠We tested the main support area again and the support responded well. Structurally, as long as our major support areas are not broken, we cannot be overly bearish. If we continue to rally from here and break out of the inflection point, then we have the opportunity to build a bullish double bottom structure. If this structure holds, then our target could see around 69,000. 🎯 ⚠️The market is very volatile, so we need to manage risks at all times. Faced with different expectations and results, we all need to think in advance how to respond. ✔️ 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 💯 BITGET:BTCUSDT.P
Long
by wolf_king888
6
#BTC/USDT TA + Altcoin Strategy, Don't Repeat this mistake!!Welcome to this quick update, everyone. **BTC Update:** Yesterday, BTC made a low of 62,300 on Binance but quickly bounced back, closing around 65,354.02 with a beautiful Hammer candle on the Daily chart. While the 4-hour chart still looks bearish, the Daily chart is holding strong around the $63k support level, with the 100 SMA acting as a key support line. This price action is promising. **My Strategy:** I'm staying on the sidelines for now, waiting for another Daily candle to confirm if this price action sustains. The Weekly close will provide more clarity. Currently, the market is choppy, which isn't ideal for trading futures. My strategy remains the same; I'm expecting the market to show some fireworks in the next 3-4 weeks. There may be one last dip before a rally, so I'm keeping some USDT in reserve. By the end of this month, I plan to buy 5 strong altcoins that I believe will perform well in the next 6 months. Follow me for the list! **Trading Advice:** Don't lose money on futures; this is the best time to build a strong portfolio on spot. If your portfolio is small and you plan to trade futures, make sure you're taking profits on every move. Even the best traders get beaten by the market; the only thing that matters is your position size. If you lose your monthly P&L in a single trade, it simply means you're being greedy and not learning from your mistakes. Don't do this! I hope this helps! If it did, please hit the like button to support my content and share your views, comments, questions, or chart requests in the comment section. Thank you, and #PEACE!
by Cryptorphic
6
BTCUSDT at weekly support, likely to head up to 106000The price had rallied well from the low it has made in the beginning of july 2024. But the weekly resistance WR1 stopped that rally again and the price has pulled back since then. This retracement has now reached a confluence of dailys support DS1 and weekly support WS1. There is a chance that the price reverses from here but the possibility of dipping it further into weekly support zone WS1 cannot be ignored. However, this daily support will definitely cause some bounce which we can also be used for a long trade but that lower time frame setup we will talk in a separate post. This setup is meant for the long shot where the price is likely to head to 106k area after the reversal. The current month is looking bullish from the monthly candle perspective and therefore, this a long trade is favorable from weekly support WS1, even though it might dip further into WS1 zone.
Long
by angela_altair
#BTC/USDT Update, Breakdown or a Deviation?#Bitcoin is breaking down on the 4-hour chart, with daily support around $64,300. A break below daily support could potentially take BTC down to $60k. I believe this choppiness will persist for a while. It might be wiser to stay on the sidelines for now. Use strict stop losses in leveraged trades and hold onto your spot positions with diamond hands. Even if BTC dips yo the lower levels we will get some good deals in Altcoins. Let me know what you think in the comment section. Please hit the like button. Thank you #PEACE
by Cryptorphic
5
#BTC has a divergence, beware of rebound📊#BTC has a divergence, beware of rebound⚠️ 🧠The market developed as expected, with a rebound after the price reached the buy zone. From a structural perspective, if we want to make a deeper adjustment, we need a short structure as its supporting force. Therefore, caution is bearish without establishing a short structure. 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 💯 BITGET:BTCUSDT.P
Long
by wolf_king888
Bitcoin August Projection:Bullish Scenario: Bitcoin has been in a cycle Wave 4 correction between March 13th and July 5th. The correction took the shape of an Expanding Triangle in five waves. Since July 5th, Bitcoin has completed or almost completed wave 1 of 5. This wave 1 is an extended leading diagonal. Wave 1 completed the minimum requirements. However, it may extend even higher to 74K. Should the price close a daily candle below the upward-sloping trendline, I assume it is heading for a wave two correction, which will likely last the month of August, maybe even September. Wave 2 should be a deep correction. The typical Target is the 0.618 retracement. I highlighted a PRZ between the 0.5 and the 0.786 retracements. The PRZ will need to be adjusted should Bitcoin make an HH. Two Possible Short-Term Scenarios: 1. Bull Trap: On Wednesday, the FED will announce rates. Traders will try to front the rate cut announcement, and Bitcoin will make a HH. If this occurs, look out for a Regular Bearish divergence and a false breakout, which will kick off the correction in wave 2. 2. Direct Breakdown: This scenario assumes that wave 2 is already underway. Wave 2 confirmation is the breakdown from the trendline. In that case, I expect the price to find support at around 63.5K for a dead cat bounce in wave B. It is too early to say, but this is a nice scenario to watch out for: Bearish Scenario: This is less likely, but the possibility exists. 1. Bull Trap: Bitcoin will move to range high to make a UTAD, possibly because of an early rate cut announcement. Following the UTAD, Bitcoin will begin a decline, signaling the end of the bull market. 2. LPSY: It is also possible to consider July 29th as an LPSY in phase D. If this is the case, we are going down directly.
Short
by NewThoughtCrypto
6
#BTC fell below the uptrend support line. The plunge begins📊 #BTC fell below the uptrend support line. The plunge begins❓ 🧠 From a structural point of view, this correction does not have any structure to support it, so we cannot go far. And there may be a divergence at the 4-hour level. Therefore, if there is another sharp decline, then we can consider long transactions. ➡️ If you had shorted according to my idea yesterday, you should have made at least 3,500 points of volatility profit today, so it is reasonable to suggest that you lock in the main profit before expecting more. 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 💯 BITGET:BTCUSDT.P
Long
by wolf_king888
1
Where is the heaviest resistance zone for #BTC? 📊Where is the heaviest resistance zone for #BTC❓ 🧠A new week has begun, we once again broke through the neckline resistance zone at the monthly level, and the upward trend is very good. However, we are currently near the periodic resistance zone, and it is unreasonable to chase the increase because the stop loss range is large. ➡️If the price can return to the upward trend support line and neckline to gain support, it is reasonable to consider going long. Otherwise, let it continue to rise. You can pay attention to the heaviest resistance area in the mid-term (72000-74000) ⚠️Note that if we fall below the upward trend support line, it means that the upward trend is over, and we need to be alert to the occurrence of a deep correction. 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 💯 BITGET:BTCUSDT.P
Short
by wolf_king888
#BTC/USDT Update, $70k on radarAfter 139 days of consolidation, we're witnessing the fifth attempt to break the resistance. Patience is crucial; we need to wait for a confirmed breakout. In the meantime, we'll keep buying the dips for altcoins. **My Thoughts:** BTC is likely to break the $70k zone. The "sell the news" reaction following Trump's speech was quickly bought up. Bulls and institutions are loading up while retail investors remain cautious, waiting for another dip. This creates an ideal scenario for BTC to break to the upside. Let me know what you think in the comment section and please hit the like button. Thank you #PEACE
Long
by Cryptorphic
1
#BTC double top structure is intact, don’t be too optimistic📊#BTC double top structure is intact, don’t be too optimistic⚠️ 🧠 Judging from the weekly level structure, the double-top bearish structure is still intact, and the current price is near the neckline resistance zone at the monthly level, so we need to be alert to the arrival of adjustments at any time. Also this is the last weekend in July so we need to be careful.⚠️ ➡️If in the end we still choose to continue to rise and break through the resistance zone to reach a new all-time high, then the possibility of continued in-depth adjustment will not exist. If there is another good callback, we can boldly buy. 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
Short
by wolf_king888
Bitcoin will Fill the CME Gap!!!Bitcoin reached the Resistance zone($68,000-$66,170) again. Will Bitcoin succeed in breaking this zone or not❗️❓ According to the theory of Elliott waves , Bitcoin seems to be completing the main wave 5 ; the structure of the main wave 5 can be Expanding Ending Diagonal . Also, we can see Regular Divergence(RD-) between Consecutive Peaks . I expect Bitcoin to go down at least up to the Support line and the CME Gap($66,350-$65,835) . 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.
Short
by pejman_zwin
37