Accumulate BTC over 115K💎 BTC PLAN UPDATE (July 23rd)
NOTABLE NEWS ABOUT BTC
Bitcoin (BTC) and Ripple (XRP) are approaching their all-time highs, while Ethereum (ETH) continues to grow steadily toward the important $4,000 mark. These top three cryptocurrencies by market capitalization are showing signs of a new bullish momentum, supported by strong technical structures and increasing investor interest.
TECHNICAL ANALYSIS PERSPECTIVE
1. Main Trend
The overall trend remains bullish, with a clearly rising price channel (black diagonal line).
However, BTC is currently in a short-term correction phase, consolidating sideways after the recent strong surge.
2. Key Price Levels
🔵 Strong Support Zone: 116,000 – 117,000 USDT
This zone includes the 200-day moving average (MA200), horizontal support, and a previous bottom — making it a decisive area for the short-term trend.
If this zone breaks, BTC could fall to a deeper support area around 111,000 USDT.
🔴 Resistance Zone: 122,000 – 123,000 USDT
This is a previous peak and a recently “false breakout” area — a strong psychological resistance.
If broken convincingly, BTC could surge to the 130,000 USDT zone (Fibonacci extension 1.618).
3. Possible Scenarios
✅ Bullish Scenario:
Price retests the 116,000 – 117,000 support zone and then bounces.
If it breaks through the 122K resistance, the next target is 130,000 USDT.
❌ Bearish Scenario:
If price breaks below MA200 and the 116K support zone → it could drop to the deeper zone around 111,000 USDT.
4. Technical Signals
There is a triangle accumulation pattern (with flat tops and bottoms).
The “false breakout” at the resistance zone shows that buyers are not yet strong enough and a retest of support is needed.
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BTCUPUSDT trade ideas
Potential head and shoulders pattern appears on Bitcoin’s globalHey everyone!
I've been on TradingView for a while, but this is my first post — so go easy on me 😄
I'll keep it short and straight to the point.
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A head and shoulders pattern is forming on the global Bitcoin chart
The pattern is not yet fully formed, and it is difficult to draw any conclusions, but what has already formed may indicate the implementation of this pattern, which we may see in the near future, which means that an upward movement is possible, before the head is formed
Current price: $118k
With this pattern, there is a low probability of a price breakout to $103.4k
The head of the pattern may be at $124k or $129k, provided there is no strong positive news background from the US government regarding Bitcoin
This analysis is based on the technical pattern and also incorporates AI to provide more accurate results.
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I'd be happy to hear your thoughts, feedback, or any constructive criticism in the comments!
HIGH POWERED SHORT ZONE 2.0HIGH POWERED SHORT ZONE ⚡️
Usually, a 3% move doesn’t make anyone blink—but this one? It sent BTC into all-time high territory. I almost popped the champagne… until I remembered I’m in a short.
Not because I don’t believe in upside—but because my add zone in the HIGH POWERED SHORT ZONE hasn’t been tagged. Yet.
Here’s the breakdown 🧵👇
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Before anyone goes bUCK wilD and cracks open that dusty bottle of Veuve, double-check something:
📅 The July 10th daily candle needs to close above the monthly swing high (orange line).
If BTC bulls lock that in, then a move deeper into the HIGH POWERED SHORT ZONE becomes real...
play-the-game real…
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Where’s this HIGH POWERED SHORT ZONE coming from?
🔻 Solid red line – a trendline from Dec 2024 that has held strong through three separate tests — marking it as a key line on the sand.
🔻 Dashed red line – goes all the way back to Dec 2017. A seasoned veteran of resistance.
I also drew in a white ascending channel—not just for looks. If BTC breaks out, this channel will help us ask:
“How high is too high?”
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Now enters Fibonacci — where nature maps out key alignments on the chart. 🌱
🟡 Gold lines = Fib golden ratios
🔵 Teal lines = Fib Degen Ratios
It’s wild how they just line up:
• 2.618? Right on the top of the channel.
• 1.618? Sitting on the 2017 trendline.
• 0.618? Near current support + bottom of the channel.
Also had to draw that horizontal support white line to keep an eye on.
A Bounce or bust? Ask the bUCKmOON!
BTC Ranging After $123K Pump 📈 BTC Ranging After $123K Pump — Key Support/Resistance & Altcoin Outlook
After a strong rally to $123,000, Bitcoin is now ranging, and what’s important to note is that BTC Dominance was falling both during the pump and the consolidation — a sign of strength in altcoins.
🧠 Key Levels to Watch:
If $116,289.3 breaks, consider partial profit-taking, especially if you're in alt positions, or adjust your stop-losses upward.
The zone between $116,289 – $116,773 is critical. If it fails, we could see a drop toward $113,000 – $113,713.
As long as BTC is above $111,000, the bullish structure remains intact — I’m personally not shorting in this range.
The next bullish trigger I’m watching is around $120,538.6 — not confirmed yet.
🧭 Dominance Signal:
If BTC corrects, I expect BTC Dominance (BTC.D) to bounce to around 62.73%–63.17%.
But if BTC continues to range or goes higher while dominance drops, altcoins may outperform — keep your eyes on strong setups.
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💬 What are your top altcoin picks in this BTC range? Let me know below!
Support around 115854.56-116868.0 is the key
Hello, traders.
If you "Follow", you can always get the latest information quickly.
Have a nice day today.
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(BTCUSDT 1D chart)
The DOM(60) indicator of the 1W chart is generated at the 119177.56 point, and the DOM(60) indicator of the 1D chart is generated at the 119086.64 point, and then shows a downward trend.
However, since the HA-High indicator is formed at the 115854.56 point, it is difficult to say that it has yet turned into a downward trend.
Accordingly, it is necessary to check whether it is supported in the HA-High ~ DOM(60) section.
The next volatility period is expected to occur around July 25 (July 24-26).
However, the important volatility period is expected to be around August 2-5 (maximum August 1-6), so we need to look at what kind of movement it shows as it passes through the volatility period that will occur in the future.
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Since the StochRSI indicator has entered the oversold zone, there is a possibility that the decline will be restricted.
Therefore, the key is whether there is support around 115854.56-116868.0.
This is because if it falls below the HA-High indicator, there is a possibility that a downtrend will begin.
Also, since the M-Signal indicator on the 1D chart is rising around 115854.56, it can be seen as an important zone.
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An indicator called Trend Check has been added to the OBV indicator.
This indicator is an indicator that comprehensively evaluates the StochRSI, PVT-MACD oscillator, and OBV indicators and expresses them in a column.
Accordingly, if the TC indicator rises from the 0 point, it can be interpreted that the buying force is dominant, and if it falls, the selling force is dominant.
Therefore, if it rises above 0, it is likely to show an upward trend, and if it falls below 0, it is likely to show a downward trend.
Also, if the TC indicator touches the highest point (6) or lowest point (-6), there is a high possibility that the trend will reverse, so you should think about a response plan for this.
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Thank you for reading to the end.
I hope you have a successful trade.
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- Here is an explanation of the big picture.
(3-year bull market, 1-year bear market pattern)
I will explain the details again when the bear market starts.
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Bearish retest or deviation for Bitcoin117000 is key. it’ll decide whether this is a bearish retest or just a deviation. i believe it’s a bearish retest and we’re setting up for 110-114 next.
last drop came when price kept failing to hold above EQ. now we’re below the EQ of the ath/previous ath range. if price can’t reclaim that either, a deeper drop is likely. a 12h close above EQ could open the path toward 120-121k, but that’s the less probable case in my view.
why? nasdaq and spx are in premium zones (fib extensions), and holidays are near for big players. as profit taking hits there, pressure will echo here. simple cause, predictable effect.
BTC/USDT – Bullish Pennant Setting Up for the Next Leg!Bitcoin is currently forming a bullish pennant — a classic continuation pattern — right after a strong 14% impulse move. This type of structure often leads to a breakout followed by another powerful rally. And it’s coiling up nicely.
🧠 Technical Breakdown:
🟢 Bullish pennant formation in progress
🔽 Support zone: $115.5K – $116.5K
📏 Flagpole projection targets $135K+ on breakout
⚠️ Currently consolidating with lower volatility — breakout could be near
🔍 What to Watch For:
Clean breakout above pennant = breakout confirmation
Daily close below $115K = invalidation zone
Volume spike will likely signal the next move
📢 Final Take:
BTC is showing healthy consolidation after a strong move, and this pennant could launch us toward $135K and beyond. Keep your eyes on the breakout and manage risk wisely.
💬 Share your thoughts below & smash that ❤️ if you’re watching this move!
Bitcoin/TetherUS (BTC/USDT) on a 4-hour timeframeOverall Trend & Price Action:
Prior Uptrend: The chart shows a clear uptrend leading up to around July 15th, marked by an "Order Trend" line (dashed green).
Break of Market Structure (BMS): A "BMS" (Break of Market Structure) label is visible, suggesting a significant shift in market dynamics, likely indicating the end of the previous uptrend or a strong pullback.
Consolidation/Distribution: After the initial uptrend, the price appears to have entered a period of consolidation or potential distribution between approximately $115,000 and $120,000.
Resistance Trends: Several "Resistance Trend" lines (red) are drawn, indicating areas where the price has faced selling pressure. A recent breakdown below these resistance lines is evident.
Change of Character (ChoCH): A "ChoCH" label is present, which often signifies a change in the prevailing market sentiment or trend, confirming the shift away from the strong bullish momentum.
Current Price & Trading Setup:
Current Price: The current price is around $115,849.44.
Proposed Entry: The chart suggests an "Entry" point at $116,150.00. This is positioned just above the current price and within a potential retest zone of the broken resistance.
Stop Loss (S/L): The "S/L" is set at $118,600.00, indicating a risk management level if the trade goes against the intended direction.
Profit Targets (Profit):
First Profit Target: $114,150.00, located just above the first "Golden Zone."
Second Profit Target: $108,350.00, situated within the second "Golden Zone."
Golden Zones: Two "Golden Zones" (brown shaded areas) are identified, which are typically areas of significant support/demand or Fibonacci retracement levels where price is expected to react. The current setup seems to target these zones for profit-taking.
SMS: 70.83%: This "SMS" value (likely referring to "Smart Money Score" or a similar metric) of 70.83% suggests a strong bearish bias or conviction in the current setup.
Interpretation & Potential Strategy:
The analysis suggests a bearish trading setup for BTC/USDT.
The presence of BMS, ChoCH, and the breakdown below resistance trends indicate a potential shift from bullish to bearish sentiment or a significant correction.
The proposed short entry at $116,150.00 aims to capitalize on further downward movement.
The profit targets align with identified "Golden Zones," suggesting that these are anticipated areas of support where the bearish momentum might temporarily stall or reverse.
The significant "SMS" value reinforces the bearish outlook.
Risks & Considerations:
Reversal from Golden Zones: While profit targets are set at Golden Zones, these are also potential areas for price reversals if strong buying interest emerges.
False Breakout/Breakdown: The market can always surprise, and a re-entry above the stop-loss level would invalidate the current bearish setup.
Market Volatility: Cryptocurrency markets are highly volatile, and rapid price movements can occur.
News Events: Unforeseen news or macroeconomic events could significantly impact price action.
BTC is in a macro-uptrend but undergoing a healthy correction
Structure: BTC recently broke out from a local ascending wedge and is now pulling back toward support.
Current Price: ~$115,250 (at time of chart).
Day Support: ~117,000 (currently lost).
Next Key Support: ~109,244 (marked as WEEK RESIST, now potentially flipping to support).
Upside Target: 123,000 zone remains a key resistance, and aligns with projected measured move from wedge.
RSI: Just broke downward from overbought (divergence present). Currently ~59. A bearish signal in short-term momentum.
Williams %R: Deep in oversold, suggesting short-term bounce potential, but may be early.
200 SMA (blue): Holding well below current price — long-term uptrend remains intact.
Forecast Scenarios:
Base Case: BTC pulls back to 111K–109K, forms support, and continues the uptrend toward 123K.
Bullish Alt : If macro surprises (e.g., ETH ETF approval or FOMC dovish pivot), BTC reclaims 117K swiftly and rallies straight to 131K.
Bearish Risk: Break below 109K support, leading to retest of 98K (200 SMA area).
BTC / USDT : Broke down and now going for retestBitcoin Analysis:
Bitcoin has broken down and is now retesting the support zone. As mentioned earlier, a shakeout can happen at any time, and this looks like the potential retest phase.
Bullish Scenario:
Reclaims Resistance: If BTC manages to break through the resistance after the retest, it will stabilize for the short term. This could lead to a move towards higher levels.
Bearish Scenario:
Failure to Break Resistance: If the retest fails and BTC can't reclaim the resistance, further downside could be expected.
Targets: Keep an eye on the CME gap at $114,000 and 92K as key levels to watch for potential price action.
Note:
Manage your risk carefully. The market is volatile, and a shakeout could happen anytime. If BTC fails to break resistance after retest, more pain may be ahead.
#BTC Ascending Triangle📊#BTC Ascending Triangle📊
🧠From a structural perspective, we are still in a sideways consolidation phase. We have already built a short structure. If we want to continue to rise, we need to break through the blue turning point 119240 and stabilize before we can usher in a big surge.
➡️From a morphological perspective, an ascending triangle is forming. After breaking through h, it is confirmed that the upward breakthrough will occur. The subsequent pullback is worth our participation.
⚠️If we fall below the low point near 116000, we cannot blindly go short, because the sideways consolidation time is too long. After the selling pressure is exhausted, the lows that appear are all opportunities for us to participate in long transactions.
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