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BITCOIN → The “90K” door opened a corridor to $75,000BINANCE:BTCUSD is changing its market structure to bearish after the 90K breakout. A deeper correction is forming and in my opinion this is a logical and technically correct structure for a healthy market I think it is a wrong siutation when the market is only going up and solely due to buying (injecting huge amount of funds on a HYIP). A bitcoin correction or even a trend reversal can bring a drop of life to this market. Fundamentally, traders have not waited for any active support for cryptocurrencies from the US as stated in Trump's election campaign. Crypto exchange hacks, scam coins and bitcoin dominance are negatively affecting altcoins. Bitcoin's current decline and possible drop to 75-73K could give fundamentally valuable altcoins a chance, provided the flagging dominance index also starts to decline. As the simultaneous flow of funds from bitcoin to altcoins and bitcoin's rise from strong support could renew the chances of an altcoin season Resistance levels: 88150, 90700 Support levels: 75К, 73570, 66830 A small correction to resistance 88.1 - 90.7 is possible before price starts its decline. BTC may try to go deeper, but based on the situation with the market imbalance, lack of driver and support, the price may descend in the medium term and reach the zone of interest and liquidity 75-73.5K. Regards R. Linda!
BINANCE:BTCUSDShort
by RLinda
60
Bitcoin Roadmap: Breaking the Broadening Wedge – A Buy Signal?After the tariffs that Donald Trump approved for the European Union and China , Bitcoin ( BINANCE:BTCUSDT ) received a shock with each approval. Otherwise, Bitcoin should have returned to the upward trend, at least in the short term. Bitcoin seems to have failed to break 200_SMA(Daily) , and most of the time the invalid break is accompanied by the opposite movement of that break with high momentum. Also, Bitcoin seems to have broken the Resistance zone($83,530_$82,250) and is pulling back to this zone . In terms of Classic Technical Analysis , it seems that Bitcoin has succeeded in completing the Descending Broadening Wedge Pattern . According to the theory of Elliott waves , Bitcoin seems to have completed five downward waves and we should expect Bitcoin to rise . Also, we can see the Regular Divergence(RD+) between Consecutive Valleys . I expect Bitcoin to rise AFTER breaking the upper line of the Descending Broadening Wedge Pattern up to the targets I specified on the chart. Do you think Bitcoin correction is over? Note: If Bitcoin goes below the 200_SMA(Daily), expect more dumps. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 1-hour 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.
Long
by pejman_zwin
34
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between two weighted levels with a gap above at 2872 and a gap below at 2846. We will need to see ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2872 EMA5 CROSS AND LOCK ABOVE 2872 WILL OPEN THE FOLLOWING BULLISH TARGET 2901 EMA5 CROSS AND LOCK ABOVE 2901 WILL OPEN THE FOLLOWING BULLISH TARGET 2921 EMA5 CROSS AND LOCK ABOVE 2921 WILL OPEN THE FOLLOWING BULLISH TARGET 2950 BEARISH TARGETS 2846 EMA5 CROSS AND LOCK BELOW 2846 WILL OPEN THE FOLLOWING BEARISH TARGET 2820 EMA5 CROSS AND LOCK BELOW 2820 WILL OPEN THE FOLLOWING BEARISH TARGET 2796 EMA5 CROSS AND LOCK BELOW 2796 WILL OPEN THE SWING RANGE SWING RANGE 2778 - 2753 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
5
GOLD DAILY CHART MID/LONG TERM UPDATEHey Everyone, This is an update on our daily chart idea that we are now tracking and playing out perfectly, as analysed. After completing our Bullish targets we stated that the channel top will act as resistance confirmed with ema5 rejection. A break of the channel top with ema5 would confirm a continuation and failure would confirm rejection. This allowed us to identify true breakouts against fake outs. We also stated that we need to keep in mind the channel half line below to establish floor to provide support for the range, should we continue to track further up. A break below the half line will open the lower part of the channel to establish floor on the channel bottom. The safest way to track this movement is by buying dips. - Once again this played out perfectly as we got the rejection on the channel top followed with the channel half line test, which gave the perfect bounce like we stated. We will now either look for a continuation from this bounce or a cross and lock below the half line for a break into the lower channel floor. This is the beauty of our Goldturn channels, which we draw in our unique way, using averages rather than price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn. We will use our smaller timeframe analysis on the 1H and 4H chart to buy dips from the weighted Goldturns for 30 to 40 pips clean. Ranging markets are perfectly suited for this type of trading, instead of trying to hold longer positions and getting chopped up in the swings up and down in the range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up using our smaller timeframe ideas. Our long term bias is Bullish and therefore we look forward to drops like this from rejections, which allows us to continue to use our smaller timeframes to buy dips using our levels and setups. Buying dips allows us to safely manage any swings rather then chasing the bull from the top. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
7
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price play between two weighted levels with a gap above at 2889 and a gap below at 2853. We will need to see ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2889 EMA5 CROSS AND LOCK ABOVE 2889 WILL OPEN THE FOLLOWING BULLISH TARGET 2914 EMA5 CROSS AND LOCK ABOVE 2914 WILL OPEN THE FOLLOWING BULLISH TARGET 2947 BEARISH TARGETS 2853 EMA5 CROSS AND LOCK BELOW 2853 WILL OPEN THE FOLLOWING BEARISH TARGET 2813 EMA5 CROSS AND LOCK BELOW 2813 WILL OPEN THE FOLLOWING BEARISH TARGET 2771 EMA5 CROSS AND LOCK BELOW 2771 WILL OPEN THE SWING RANGE SWING RANGE 2744 - 2712 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
4
GOLD WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone, Please see update on the weekly chart idea we have been tracking for over a month now and still playing out, as analysed. On our last update after completing 2856 target, we were left with body close above 2856 leaving a gap to 2976. We stated that will need ema5 lock to further confirm this and ema5 was still yet to lock but we still got a nice push up over 700 pips. - This is still yet to lock with ema5 and this weeks weekly candle is crucial to either see a push up form here for the lock or a rejection here with ema5 for another push down and possibly use the channel top for an ascending movement up slowly over a longer term into our long trend gaps. Once again we prove the safest way to chase this Bull in this range is from dips. This is the beauty of our channels, which we draw in our unique way, using averages rather than price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
4
Cardano Ultra-Bullish With 100% Growth Within 2 DaysThere you have it my dear friends... I told you that the low was in and this is confirmed now, without a shadow of doubt, based on current price action. The low happened in early February 2025. Boom! And we win. Told ya! Over and over, again and again. And this is awesome and great news, why? Because it means we are on, we are bullish, we are super bullish and we are set to experience the biggest growth ever... "March 2025 and beyond." Trading volume is really high today which confirms that this is a real move. All the bears are very likely going crazy right now and that's ok, and it is normal because the market is breaking out with the biggest force ever, period. Pay attention to the Master of the charts, because we are going up. Crypto is going up. Bitcoin is going up. Cardano is going up. The Cryptocurrency market is set to experience the biggest growth phase since 2021. Thanks a lot for your continued support. If you trusted and followed, I am sure you are doing great. If you were bearish, I feel sorry for you... Not! Get in line, get in now and prepare for massive growth, it is not too late. Namaste.
Long
by MasterAnanda
2
Gold may continue to fall inside downward wedgeHello traders, I want share with you my opinion about Gold. A short while ago, the price dropped to the support line, breaking through the resistance level that aligned with the resistance area. Following this, it rebounded and quickly climbed to the 2935 level, even entering the seller’s zone before pulling back to the support line. After that, the price made another push toward the seller’s zone but remained range-bound near the 2935 resistance level. Eventually, it reversed and began to decline, first breaking below 2935 and soon after breaching the support line as well. Gold then continued its downward movement within a falling wedge pattern. Inside this formation, the price touched the support line before rebounding to the resistance line, where it hovered for a while before eventually dropping back to the wedge’s support line, breaking the current resistance level along the way. At the moment, XAU is still moving lower, but I anticipate a temporary rise toward the resistance area before the decline resumes. Given this scenario, I have set my TP at 2830, which aligns with the wedge’s support line. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
5
Ethereum Is Now Oversold (RSI & More Proof)Overextended. I opened this chart and there was no doubt, this move is already over-extended, the bearish move that is. I had to add the RSI to show it to you. See, the RSI is oversold and the lowest since August 2024. Needless to say, when the RSI went this low in August it produced a reversal and a strong bullish wave. Now, it will do the same. Very, very low volume on the drop. Just notice the bars, look at the chart. Isn't it clear? I mean, based on technical analysis. I admit that the chart signals can be ignored and the market move against all odds, but normally, they work. It is the only tool we have available to try and predict what will happen next. The Ethereum chart is saying, "A reversal is coming, prices are about to start moving up. Get ready!" Thank you for reading. By the way, we are going beyond 11K. Namaste.
Long
by MasterAnanda
3
BITCOIN - Price can start to grow to resistance line of channelHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some days ago price started to decline inside falling channel, where it some time traded near $104600 level and broke it. Then, BTC declined to the $91000 level, after which it turned around and rose to the resistance line of the falling channel. Price some time declined near this line and then exited from this channel and tried to grow, but failed. After this Bitcoin continued to decline in another one falling channel, where it firstly rose to resistance line. In this channel, BTC broke $91000 level and fell to support line, but recently it bounced and started to grow. In my mind, Bitcoin can bounce from support line and rise to $90900 resistance line of falling channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
9
Bitcoin may rebound up from buyer zone to 94100 resistance levelHello traders, I want share with you my opinion about Bitcoin. A few days ago, the price was moving inside a downward channel, where it reached the support line and immediately bounced back up to the channel’s resistance. After that, BTC continued its decline, testing the resistance level, which aligned with the seller zone. The price briefly dipped below this level but quickly reversed and rebounded. Eventually, Bitcoin exited the channel and moved into a range, reaching its upper boundary before turning downward again. In a short period, the price dropped to the seller zone, where it consolidated for some time. BTC then attempted to push higher but failed and resumed its decline. Breaking below the 94100 resistance level, the price moved further down, fluctuating between support and resistance lines. Bitcoin eventually fell to the support line, breaking through the 83400 support level, which aligned with the buyer zone. However, this breakdown turned out to be a false move, as BTC immediately rebounded and surged back above that level. Currently, BTC is continuing its upward movement. I anticipate that the price may first test the buyer zone before resuming its growth. Additionally, if it manages to break through the resistance line, it could keep climbing higher. With this in mind, my TP is set at the 94100 resistance level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
5
Bitcoin Cures World Hunger & Eradicates Banking Money MonopolyThis is Bitcoin on the weekly timeframe, what do you see? I see a reversal happening at key support and the current session is about to have an extremely bullish, positive close. How are you doing my friend in this wonderful Sunday? It is the day of the Sun, so surely, and I hope, you are doing great. Bitcoin is bullish. The low is in. Any shakeouts, retraces and corrections are an opportunity to buy, rebuy and reload. The market is ultra-bullish, why? Bitcoin is set to grow, why? The proof and the signals were revealed coming from the Altcoins. The fact that the Altcoins were going ultra-bullish while Bitcoin moved lower, showed that the low was already in. It doesn't matter, the month closes above 80K (super-bullish) and we will have a close above 90K this week. Which means, that all past bearish action, this last six days, is nothing more than a market shake. Which means, that we continue bullish and we are bullish and we are going up. We are going up now, today, tomorrow and forever more. I am writing to humbly tell, "I told you so!" Get in line, nobody can defeat Bitcoin and the Cryptocurrency market. Crypto is the greatest technology in the world. The Cryptocurrency market will create many millionaires in 2025 and will cure all the diseases of the world. If we get your support of course. Namaste.
Long
by MasterAnanda
2
Gold in a complex scenario! What do you need to know?Gold in a complex scenario! What do you need to know at this moment? In our previous analysis, gold adhered to the reversal zone, and we identified a substantial Bearish Harmonic Pattern, signaling a potential further decline in price. However, with the impact of Trump's new tariffs and the Ukraine-Russia deal causing fluctuations in the market, we must be careful Bearish Scenario: Currently, the price is below a significant zone. At the market's opening, gold may rise to 2871 - 2880. Should the price remain below this area, gold is likely to decline further as shown on the chart (Red Scenario) Bullish Scenario: Conversely, if the price makes a decisive move above the red zone at 2880, we must be vigilant as bullish momentum could increase substantially, driving gold back up toward the previous high of the old structure, as shown on the chart (BlueScenario) You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
FX:XAUUSD
by KlejdiCuni
4
ADAICT Perspective (Smart Money Concepts) 1. Liquidity Zones & Smart Money Manipulation: The "stopped" level (~$0.5960) could indicate a liquidity grab (Stop Hunt), where smart money clears weak hands before a potential rally. Price might have swept sell-side liquidity before shifting structure. 2. Premium & Discount Pricing: The current price (~$0.66) is near the discount zone of the overall bullish range. Smart money could be accumulating positions before pushing price toward the glitch target (~$2.4685). 3. Order Blocks & Imbalances: There is a fair value gap (FVG) in the price action near $2.46. If the market seeks to rebalance inefficiencies, price could rally toward this level. 4. Market Structure Shift (MSS): A break in structure (BOS) above recent highs would confirm bullish continuation. --- Elliott Wave Perspective 1. Wave Count Possibility: Price appears to be starting a new impulse wave (Wave 1) after a major correction. The previous decline likely formed an ABC correction. 2. Projected Wave Structure: Wave 1: The initial bullish push from lows. Wave 2: A corrective retracement (possibly the recent "stopped" area). Wave 3: The strongest wave, targeting the glitch level (~$2.46). Wave 4: A minor pullback. Wave 5: Potential push toward $3.09+. 3. Confluence with ICT: If smart money is accumulating, Wave 3 could align with an explosive bullish move. The glitch target at $2.46 could be the Wave 3 peak before correction. --- Conclusion The $0.5960 - $0.66 zone could be a smart money accumulation area. A bullish move toward $2.46 - $3.09 aligns with Wave 3 completion. Watch for liquidity grabs, order blocks, and BOS confirmations for entry validation.
Long
by HuntingTraps
10
GBP/USD Trendline Breakout (Weekly Forecast Mar 3 - 7)The GBP/USD Pair on the H2 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Trendline Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position around Trendline Of The Pattern. Target Levels: 1st Support – 1.2425 2nd Support – 1.2316 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Short
by KABHI_TA_TRADING
3
USD/JPY Channel Breakout (Weekly Forecast Mar 3-7)The USD/JPY pair on the H2 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Channel Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position around Trendline Of The Pattern. Target Levels: 1st Resistance – 153.90 2nd Resistance – 155.60 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Long
by KABHI_TA_TRADING
2
Bitcoin's 2025 Bull-Market Has Been Cancelled —ALERT!There is no easy to way to say this. This is going beyond any and all expectations. It is no surprise to say that I am surprised because the Cryptocurrency market always surprises. What happens now? Will market conditions change based on current action? All is well that ends well. Nothing changes. The 2025 has not been cancel and while Bitcoin is going through a major final flush, we are still set to experience sustained long-term growth. Right after the market sets its correction bottom low. There isn't much difference between a day, two days or six days, it is all the same when the end result is a new bullish wave. The best way to look at it is by focusing on the long-term. New prices, lower prices will now be available and possible, discounted prices for all Cryptos before the 2025 bull-market bullish phase. Wait patiently and hold strong. Crypto is going up and this going up will unravel within days. It is very simple: The market will set the low and immediately after we will see growth long-term. Now, the low is not yet in as is clearly shown by today's action. We underestimated the bears, but we continue to hold, to wait, to trade and to pray. We continue with the same bias (bullish) and continue to hold and wait patiently for the end of the correction and this correction should be over within hours or days. We are bullish in March 2025 and beyond. The 2025 bull-market has not been canceled. Thanks a lot for your continued support. —Boost if you agree. —Comment if you disagree. Namaste.
Long
by MasterAnanda
47
Supply and Demand Zones Trading in Forex: A Detailed OverviewSupply and demand zones are a core concept in price action trading, helping you spot areas of strong buying or selling interest. Mastering these zones can help you predict reversals, breakouts, and continuations with high accuracy. Let’s dive in! 🚀 🧠 What are Supply and Demand Zones? 📉 Supply Zone (Bearish): An area of high selling pressure where price tends to drop. It forms when sellers overwhelm buyers. 📈 Demand Zone (Bullish): An area of high buying pressure where price tends to rise. It forms when buyers overpower sellers. These zones act like magnets for price — when price returns to these levels, you often see strong reactions. 🗂️ Characteristics of Strong Zones ✅ Sharp Price Movement: Strong supply and demand zones create fast and aggressive price moves away from the area. 💥 ✅ Multiple Rejections: The more times a zone holds and rejects price, the stronger it is. 🛑 ✅ Freshness: The first retest of a fresh zone often yields the strongest reaction. 🆕 ✅ Volume Spike: Higher volumes show genuine interest from large players. 📊 🎯 How to Identify Supply and Demand Zones 1️⃣ Find Strong Moves: Look for big bullish or bearish candles after a consolidation or small pullback. 2️⃣ Mark the Base: Draw a rectangle from the start of the strong move to the end of the consolidation. 3️⃣ Adjust for Wick/Body: Include the entire wick for aggressive zones or just the body for conservative zones. 📈 Bullish Supply and Demand Zone Strategies 1️⃣ Demand Zone Bounce (Buy Setup) 🛑 Identify: A clear demand zone with a strong bullish move away. 📉 Wait: For price to return to the zone. 🕯️ Confirm: With a bullish candlestick pattern (like Hammer, Engulfing). 🎯 Enter: A buy order at the zone’s edge. 🛡️ Stop Loss: Below the zone’s low. 🏁 Target: Nearest supply zone or strong resistance. 💡 Example: Price rallies from 1.2000, pulls back to the same zone, then forms a bullish engulfing — you buy. 2️⃣ Demand Zone Breakout (Continuation Setup) 🛑 Identify: A demand zone forming a higher low in an uptrend. 💥 Breakout: Wait for price to break the supply zone above. 📉 Retest: When price retests the broken supply (now demand), enter long. 💡 Example: Price breaks 1.2500 resistance, retests it, and bounces higher — you enter. 📉 Bearish Supply and Demand Zone Strategies 3️⃣ Supply Zone Rejection (Sell Setup) 🛑 Identify: A clear supply zone with a strong bearish move away. 📈 Wait: For price to return to the zone. 🕯️ Confirm: With a bearish candlestick pattern (like Shooting Star, Engulfing). 🔻 Enter: A sell order at the zone’s edge. 🛡️ Stop Loss: Above the zone’s high. 🏁 Target: Nearest demand zone or strong support. 💡 Example: Price spikes up to 1.3000, then drops sharply — on a retest, you short. 4️⃣ Supply Zone Breakout (Continuation Setup) 🛑 Identify: A supply zone forming a lower high in a downtrend. 💥 Breakout: Wait for price to break the demand zone below. 📈 Retest: When price retests the broken demand (now supply), enter short. 💡 Example: Price breaks 1.1800 support, retests it, and drops further — you enter short. 🛠️ Tools to Enhance Supply and Demand Trading 🧰 Support & Resistance Levels – Combine zones with horizontal levels for added confluence. 📐 Fibonacci Retracements – Zones aligning with Fibo levels are extra strong. 📉 Trendlines – A zone break + trendline retest makes a powerful entry signal. 📊 Volume Analysis – High volume confirms genuine buying or selling pressure. ⏳ Timeframes & Zone Strength ⏱️ Higher Timeframes (4H, Daily, Weekly): Stronger & more reliable zones. Great for swing trading. ⏱️ Lower Timeframes (5M, 15M, 1H): More frequent but weaker zones. Ideal for day trading or scalping. ⚠️ Common Mistakes to Avoid ❌ Forcing trades: Not every zone gives a valid signal — be patient. ❌ Ignoring context: Always follow the trend unless there’s clear reversal evidence. ❌ Skipping confirmation: Wait for candlestick patterns and rejections. ❌ Poor risk management: Always set a stop loss and manage position size.
Education
by ProjectSyndicate
19
EURUSD: Structure AnalysisEURUSD: Structure Analysis EURUSD encountered strong resistance near 1.0530. After testing this zone multiple times, the price declined to the previous structure zone from February 19th. The selling pressure intensified further following positive US data on Thursday, leading to a break below the structure zone. Currently, EURUSD points to a further decline to 1.0310 If the current broken support, now turned resistance, prevents the price from rising, EURUSD is likely to continue its downward movement towards the second structure zone near 1.0310. If the price breaks below this second zone, it could decline even further. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by KlejdiCuni
5
Bitcoin (BTC/USDT) Technical Analysis – Possible Move📉 Recent Price Action: Bitcoin has been in a downtrend, forming lower highs and lower lows. However, a downtrend trendline has been broken, signaling a potential reversal or at least a relief rally. 📌 Key Observations: Fibonacci Levels: The price recently bounced from the 0.618 Fibonacci retracement level (~$81,051), a strong support zone. Support Zone (~$82,325 - $83,700): Price is currently testing a previous resistance-turned-support level. Liquidity Grab & Rebound: If BTC holds above $83,700, we could see a bullish push. 🚀 Potential Bullish Scenario: If Bitcoin maintains support above $83,700, it could retest $86,500 - $89,500, aligning with key Fibonacci extension levels. A strong break above $89,500 could push BTC toward the $91,000 - $92,500 supply zone (marked in blue). ⚠️ Bearish Risk: Losing the $82,325 support could lead to another retest of the $79,000 level. A rejection at $86,500 - $89,500 could bring consolidation before a clearer trend emerges.
Long
by melikatrader94
8