BTCUSDT to head towards 106kBTCUSDT is currently trading inside weekly resistance zone WR1 and currently holding inside this zone. However, since it has not been rejected outrightly from there showing the strength and a high probability of it breaking this resistance and moving to the upside towards 106k area. Later we can see pullback from there towards WR1+DS1 zone testing as support and then bounce again from there towards clear sky as depicted on the chart. This structure will also create a giant inverse head and shoulder fueling the upward move later on. However, those we will assess later after more price action is there. But for now, lets focus on this long trade from weekly resistance zone WR1 to 106k.
BTCUPUSDT trade ideas
BTC to hit 98k in coming daysPrice cleared buyside liquidity on the daily and is currently heading for the bottom of the range. Below the bottom sell side liquidity is a 5 minute institutional candle which caused the previous weeks rally. Price to bounce of 96k and head towards 98k in the coming days. Trade carefully
What’s Next for Bitcoin?At the moment, we’re inside a broad consolidation range between 109,951 and 74,456, with the midpoint at 92,204. Based on this, we can see that price is currently trading near the upper boundary of the range — showing strength and aiming for a potential breakout toward a new ATH. Additionally, price remains above the 0.618 Fibonacci retracement level, which reinforces the bullish outlook. We’re also testing the upper band of VWAP, acting as resistance.
Personally, I’d prefer to short — but right now it’s simply not the time. If we try to assess the chart objectively, this is clearly a long setup with a target above 110,000. As for potential shorts: they only make sense if price drops below the midpoint — under 92,204. If we start to break down from that zone, then selling becomes viable, with the first target around 74,456 or even lower. Because in that case, price likely won’t stop at 74,456 — it may push significantly deeper.
Bitcoin Wave Analysis – 1 May 2025
- Bitcoin broke key resistance level 95000.00
- Likely to rise to resistance level 99300.00
Bitcoin cryptocurrency recently broke the resistance zone between the key resistance level 95000.00 (which stopped the previous wave B at the end of April) and the 61.8% Fibonacci correction of the downward impulse from January.
The breakout of this resistance zone should strengthen the bullish pressure on Bitcoin.
Bitcoin can be expected to rise to the next resistance level 99300.00, which reversed the price multiple times in February.
BTC ~ 1D CHART BREAKDOWNEXPLINATION :
DIRECTIONAL BIAS
Htf : Bullish
Ltf : Bullish
Eyeing on the Daily chart keeping a narrative of the past Price Action (PA ) we have a nice Sweap of the linear liqudiity buildup while a decent accpetance at the daily Volume Gap that satisfied the Net Auction bids sitting at market price before we saw a move to the Upside,
Talking about the Current Price - Daily Reimbalance reclaimed labelled as ff+ (Imbalance Fulfilled) ,
Price is likely to have a momentum push to the upside with 2 key levels acting as Zone of interests :
1) 97293.7
2 ) 102634
BTC-----Sell around 94000, target 92700 areaTechnical analysis of BTC contract on April 30: Today, the large-cycle daily level closed with a small negative line yesterday. The K-line pattern was a continuous positive single negative, and the price was still at a high level. The attached indicator was in a golden cross operation. Although the volume was shrinking, the price retracement could not be seen to continue at present, and the strength was relatively small. The price did not break the previous low point, so at present, the general trend remained bullish; the short-cycle hourly chart showed that the European and US prices continued to consolidate at a high level yesterday. The price began to fall under pressure in the early morning and continued in the morning. The current K-line pattern was a continuous negative, and the attached indicator was in a dead cross operation. Therefore, there is a high probability that there is still a demand for decline during the day. Pay attention to the low support position near the 92700 area below.
Therefore, today's BTC short-term contract trading strategy: sell at the 94000 area, stop loss at the 94500 area, and target the 92700 area;
Retailer Purchasing ZoneThe highlighted red zone remains unfilled. Technically, even if the price moves upward now, it's likely to return back down shortly after. There's currently no real catalyst for a sustained upward move. Right now, retail investors are being lured into buying. After that, we may see a quick upward spike that allows whales to enter the market. That’s when a strong catalyst for real growth could emerge.
BTC/USDT 1H: Bullish Continuation Setup – Long Opportunity Above🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates!
[
b]Current Market Conditions (Confidence Level: 8/10):
Price at $94,627, showing strong bullish momentum with a clear structure of higher highs and higher lows.
Hidden bullish divergence spotted on RSI, indicating potential for continued upside.
Market Makers appear to be accumulating aggressively, with strong buy pressure noted in recent price action.
Key Levels:
Resistance: $95,400 (Fair Value Gap area)
Support: $93,600 (FVG + prior resistance retest)
Critical Support: $93,200
Trade Setup (Long Bias):
Entry: Optimal between $94,200 – $94,400 zone.
Targets:
T1: $95,400
T2: $96,000
Stop Loss: $93,100 (safely below FVG and critical support).
Risk Score:
7/10 – Bullish market structure supports the setup, but proximity to local highs introduces moderate risk of short-term pullback.
Key Observations:
Accumulation signs present with bullish candle formations and volume increases.
RSI supports continuation, with hidden bullish divergence strengthening the setup.
FVG areas at $93,600 and $95,400 crucial for validating the move.
Recommendation:
Long positions favored with tight risk management.
Consider partial profit at $95,400 to de-risk, and leave a runner towards $96,000.
Watch price action closely around $95,400 for signs of rejection or breakout.
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Bitcoin - Back Under Intersecting Bearish TrendlinesBitcoin is back underneath these two intersecting bearish trendlines.
I have laid out two potential paths Bitcoin could take to play this out.
When an asset in crypto goes only up for so long, it leaves behind a trail of leveraged liquidity in the form of stop losses. These wide open gaps filled with long stop losses, is the fuel that would make such a move possible. In other words, the sell orders are already in the chart in order to make this possible.
Personally, I expect this to happen.
DXY is showing a major breakdown and bearish retest at the moment - with a falling dollar over the next 2-3 years, that translates to a true bull market for Bitcoin and related assets.
The market has a very small time window to recollect all of the long position liquidity in the chart, which is in the billions.
See my previous posts to see confluences, liquidity mapping, etc.
Happy trading and I will be trading this myself.
BTC trading plan updateAt this stage, I think that if BTC wants to increase strongly in the long term, there must be a sustainable accumulation factor. We need to stand aside and consider and pay the market price lower than the nearest bottom. Don't be hasty to fomo with the crowd because of the weekly candle!
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Following the idea published on the 22nd, we are now shifting from the long (buy) perspective, which we have consistently maintained for an extended period, to a short (sell) outlook in the near term.
We sincerely hope that many of you were able to achieve meaningful results during the previous uptrend. Now, however, we are detecting clear signs of a market transition and, accordingly, we present a short-side strategy.
From a technical standpoint, the current chart is delivering highly significant signals based on Elliott Wave Theory.
Notably, the ongoing 5th wave has extended precisely to 1.618 times the length of the 1st wave — a textbook example of an extended 5th wave under Elliott principles.
Such structural completion statistically suggests a heightened probability of a major trend reversal.
Visually, each wave is forming with remarkable precision and natural flow, without any signs of forced interpretation or overfitting.
It represents an ideal wave structure — clean, coherent, and organically developed.
Taking all these objective and structural factors into consideration, we believe this is a highly appropriate juncture to consider exiting long positions and exploring short entries.
For those who share this view, please refer to the following target levels when establishing your strategy:
1st Target: 90,868
2nd Target: 87,831
As always, we strongly encourage you to accompany any position entry with thorough risk management and flexible operational strategies.
The market can always move beyond expectations, and maintaining a posture of humility and preparedness will be your strongest defense in protecting your capital.
This is a time that demands sharp insight and decisive action more than ever.
We wish all of you wisdom, clarity, and strength in making your next strategic move.
We are at the decision line. As you can see, the situation is quite clear. If it supports this decision line, new Ath is on its way. But if it cannot support, a bloodbath is on its way.
* The purpose of my graphic drawings is purely educational.
* What i write here is not an investment advice. Please do your own research before investing in any asset.
* Never take my personal opinions as investment advice, you may lose your money.
Things are going well for Bitcoin.Bitcoin's recent downtrend has been broken upwards. The peak between the two bottoms was broken with high volume.
Bitcoin received strong support from exactly the point I mentioned in my previous analysis titled Bitcoin Decision Point. I think it's quite possible that it will reach the 142k target in my analysis. I recommend you to review the analysis I have provided in the attachment.
However, before this rise, Bitcoin may want to retest the peak between the two buttoms it broke above.
* The purpose of my graphic drawings is purely educational.
* What i write here is not an investment advice. Please do your own research before investing in any asset.
* Never take my personal opinions as investment advice, you may lose your money.
Stromm | BITCOIN Are You BULLISH Enough? When you zoom out to the 12-hour chart , Bitcoin actually looks really clean right now. Since my entry at $75,800, we’ve seen a solid 25% rally that’s clearly shifted the momentum back to bullish. -
But even with that move, I’m not fully convinced yet that we’re on our way straight to a new all-time high.
There’s still a lot of work to be done before that happens.
Right now, I’m watching the zone between $96,400 and $102,300 as a potential reaction area — basically a spot where we could see Wave B complete.
We’re hovering around the Yearly Open, which historically acts as both strong support and resistance, and we’re also right at the Previous Monthly High.
If BTC can hold this zone, we absolutely could push higher toward $102K.
However, I don’t think it’s realistic yet to expect a clean shot to $110K without a deeper pullback first.
Most likely, we’ll need another flush lower to reset before any major breakout.
That said, I’m still long and staying patient.
If we do somehow rip toward $120K, I’m already well-positioned.
And if we get another sell-off?
I’ll be adding even more — no hesitation there.
Of course, a lot of this depends on how the political and macro situation evolves.
There’s definitely a world where the perfect narrative gets laid down, and we rocket to $120K.
But there’s also a world where that doesn't happen — and it’s important to stay mentally flexible between "must happen," "could happen," and "might not happen at all."