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Shorttermbullish

What’s Next for Bitcoin?COINBASE:BTCUSD 4-Hour Chart Analysis Bitcoin is currently trading at $95K during the European session and is showing signs of forming an Ascending Broadening Wedge , which traditionally indicates a long-term bearish trend. However, the 4-hour and 5-hour volume data do not yet align with the expectation of a price drop. So, what’s next? While the Broadening Wedge is typically bearish, the structure appears incomplete. Bitcoin is currently trading just above the lower trendline of the Rising Broadening Wedge, which serves as a strong support level. Based on this support, we anticipate the price will likely begin a bullish cycle from this level, eventually breaking through the ultimate psychological resistance at $100K and targeting $110K. We believe that upon reaching around $110K level, the market structure will complete. At that point, we will provide further analysis on what to expect next. Stay tuned for updates! Key Levels: Strong Pivot : 87,500 Ultimate Resistance: 100k Price Target: 110k Follow your risk management strategies for long-term success. Wishing you Happy Trading!
COINBASE:BTCUSDLong
by SpicyPips
BTC: Short-Term Liquidity Hunt Before Bear Trap and DropBitcoin (BTC) is currently positioned for a short-term move targeting liquidity above the current highs, potentially luring in bears. This setup suggests a liquidity hunt, followed by a rebound from the heavily traded area, and then a push towards higher liquidity zones beyond the recent highs. It appears to be a tactical move to trap bears before a significant downturn. While the short-term outlook hints at a bullish trap, my global perspective remains bearish, anticipating a more substantial short position post-liquidity grab around the $44K level, possibly even higher. www.coinglass.com
Long
by Shved126
4
MANA $1.20 boundMANA broke the resistance of the macro descending channel (orange) 4 days ago and is currently still above that zone. Although there is a potential 'M' pattern forming (red), there is tremendous support all the way down to $0.59. I think the latest momentum and industry growth leans toward a more bullish scenario. Although these are simply my views and not financial advice, I believe MANA is going to follow the micro descending channel (aqua) as part of a greater ascending channel (green) as it completes a cup and handle pattern that began November 4, 2022. Should MANA break below these channels, in favor of the M pattern (red), I would expect the price to dip back to the $0.30 area.
MLong
by keykomg