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BTCUSDT.P trade ideas

Phemex Analysis #32: BTC to $70,000 Amidst US Election VolatilitPHEMEX:BTCUSDT.P has surged past the $70,000 mark and is now testing the formidable $72,000 resistance level. This bullish momentum has ignited excitement among crypto enthusiasts, but the looming US Presidential Election adds an element of uncertainty to the market. Potential Scenarios 1. Bullish Continuation: If Bitcoin successfully breaks through the $72,000 resistance level, it could trigger a significant upward movement.Strong buying pressure and positive sentiment could propel the price to new all-time highs. A clear and decisive victory for Donald Trump in the US Presidential Election could further fuel bullish momentum. 2. Bearish Reversal: If Bitcoin fails to break through the $72,000 resistance level and encounters strong selling pressure, it could lead to a price correction. A highly contested or uncertain election outcome could create volatility and risk aversion among investors, potentially leading to a sell-off. Trading Strategies I. Bullish Strategy: Buy the Breakout: If Bitcoin breaks above the $72,000 resistance with strong volume, consider buying. Take Profit: Set a take-profit target at a higher resistance level, such as $80,000. Stop Loss: Place a stop-loss order below a key support level, like $65,000, to limit potential losses. II. Bearish Strategy: Short Sell: If Bitcoin fails to break above the $72,000 resistance and starts to decline, consider short-selling. Take Profit: Set a take-profit target at a lower support level, such as $65,000 or $58,900. Stop Loss: Place a stop-loss order above the $73,850 (all-time high) resistance level to limit potential losses. III. Buy the Dip Strategy: If Bitcoin experiences a correction during a bearish scenario and you maintain a long-term bullish outlook, consider buying the dip at key support levels like $65,000 or $58,900. Short-Term Profit: For short-term gains, you can take profit at $72,000 or $73,850. Stop Loss: Place a stop-loss order at the next support level. For example, if you enter at $65,000, consider placing a stop-loss below $58,900. Conclusion Bitcoin's recent surge and the upcoming US Presidential Election have created a dynamic market environment. While the potential for further upside exists, it's crucial to remain cautious and manage risk effectively. By carefully analyzing market trends, understanding key support and resistance levels, and implementing appropriate trading strategies, investors can navigate the volatility and capitalize on potential opportunities. Tips: Elevate Your Trading Game with Phemex. Experience unparalleled flexibility with features like multiple watchlists, basket orders, and real-time adjustments to strategy orders. Our USDT-based scaled orders give you precise control over your risk, while iceberg orders provide stealthy execution. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
Bitcoin (BTC): Price Near ATH (Possible Liquidity Hunting)Bitcoin is back near ATH zones and buyers are showing good dominance after breaking a smaller resistance zone (while leaving behind a CME gap). As we mentioned yesterday as well, we have had a pretty pushy beginning of the week, so we are looking for the price to reach FWB:73K zone (Zone of ATH). where we want to see some kind of liquidity hunting to begin (with long wicks). If we do not see that liquidity hunting, then the other option is a sharp rejection and a claim of liquidity on lower zones (and there are a lot to claim). So we have put our two possible entry zones for Bitcoin (once we see a rejection in the upper zones) so be ready! Swallow Team
Short
by SwallowPremium
2
Bitcoin 1H Buy Position SignalMEXC:BTCUSDT As soon as the IDM.i has been grabbed, we waited for the SCOB to form. And a few hours ago the SCOB has been formed and it allowed us to enter the Buy Position. The target is reward 2 and 3 at least. But always remember: Trading is a long-term game which is survival depends on the Risk & Money Management we planned before. "KEEP CALM & OBEY YOUR PLANS." I will update Bitcoin regularly. Happy trading.. Cheers, Aurio #Crypto #Trading #Bitcoin #markets #Finance #Forex #BTC
Long
by x-Aurio
Buy Position on BTCusdt 1HMEXC:BTCUSDT Why should we buy here? Simply because this MPL is our last POI we have on Major Structure in 1H time frame. As you can see Also we can open 2 position at the same time and price, but manage them differently. In other words we can set partial exit at 2.5 reward & 7 reward. It is better to have 2 targets, not more and not less.. "KEEP CALM & OBEY YOUR PLANS." I will update Bitcoin and Gold regularly, Happy trading.. Cheers, Aurio #Crypto #Trading #Bitcoin #markets #Finance #Forex #BTC CRYPTOCAP:BTC
Long
by x-Aurio
BTC printing HL on 4HRHi all, This is my 3rd post and I'd love to share a very simple idea with you. No excessive indicators, just simple SR and factual information. On the 4hr #BTC we can observe a peak to about 69,500 USD with the RSI gradually moving lower (sorry, Im using the free version and do not have the ability to show more than 3 indicators). Eventually, a steep drop followed to the support at about 65,200 USD with a wick closing above 66,400 USD. We had quite a nice recovery to 68,850 USD followed by the same steep drop to 65,500 this time and a wick closed above 66,700 USD leading to a higher low. Another important fact, is that the price wicks towards the 100 SMA on the 4HR (which is rising) leading to strong buying pressure and higher lows. The last drop occured due to the Israel - Iran bombings, which was a great way to use externalities in retesting a support. Three things can be observed here: - A test of our ATH cluster - A breakdown to the 65k support & 100SMA on the 4hr TF - Retest to 68,850 (which is a LH btw), followed by a breakdown and retest of support at 65,5k which coincides with the rising 100SMA on the 4hr TF and, eventually a HL. What does that mean? It means that, if we keep this structure, the only way is UP. Im expecting the move to reveal within the next 48 - 72 hrs. Let's see, though. Geo situation is very dynamic and the crypto market has proven to be quite sensitive to whatever events. Good luck yall. *This analysis is based purely on my personal observation and should serve as educational material. It is not a financial advice by any means.
Long
by raichostanev
1
Bitcoin is mainting strong bullish momentumHey traders, BTC price was rejected from a major weekly level at 69566 and retraced back to another major level which is 67355 and consolidated building a strong market structure then the priced flactuated between minor levels up and down the 1H 66398 and 68844 where the actual price is stuck now during the Chicago and New York sessions. There is a high probability that the price could reach a main level which is the Weekly level of 69566 but be cautious the price might reject back and look for the daily level 67346. In case the price breaks the weekly level of 69566, should you wait for a pullback then long only for long positions targetting the 71591. Keep a close eye on the chart and happy trading!
Long
by YMtradingsystem
Bitcoin Eyes $75K as Double Bottom Pattern ConfirmsBitcoin ( CRYPTOCAP:BTC ) has recently formed a double bottom pattern on its price chart, confirming a significant reversal in trend and strengthening bullish sentiment among investors. The two base levels of this pattern correspond to $49,000 and $51,000, signaling a potential target of $75,000. This technical formation, resembling a "W," is often a precursor to substantial uptrends, giving further weight to the positive momentum building around BTC. Technical Analysis: Bullish Indicators Line Up for CRYPTOCAP:BTC The double bottom pattern on Bitcoin’s chart suggests that the asset has completed its downtrend, with the recent breakout above the previous peak indicating further upside potential. Currently trading at $69,000, CRYPTOCAP:BTC appears set for continued upward momentum. Beyond the double bottom, additional bullish patterns are forming: a “Three White Soldiers” candlestick formation, consisting of three consecutive bullish candlesticks, and the possible emergence of a golden cross, a pattern where the 50-day moving average crosses above the 200-day moving average. These indicators, when combined, paint a powerful picture of a market ready to climb higher. With the next resistance zone between $72,000 and $75,000, a push above this range could ignite a rally with a new target of $100,000. BTC’s movement above key moving averages and the clustering of bullish patterns provides robust technical evidence for this optimistic trajectory. Institutional Inflows and Rising Adoption Bitcoin’s technical setup is bolstered by strong fundamental support, especially with heightened interest from institutional investors. Over the past month, Bitcoin’s capital inflows surged by 3.3% to $21.8 billion, reflecting increased investor confidence. This influx has driven Bitcoin’s Realized Capitalization to a substantial $646 billion, signaling a shift in sentiment as institutional players show renewed interest in the crypto asset. Adding to the bullish momentum, Bitcoin spot ETFs saw a net inflow of $998 million from October 21 to October 25, with BlackRock’s IBIT leading with a massive $1.15 billion inflow. Although the ARK 21Shares ARKB ETF experienced a $206 million outflow, the overall demand for Bitcoin ETFs remains strong. By comparison, Ethereum spot ETFs reported a net inflow of $78.89 million during the same period, underscoring the sustained institutional focus on Bitcoin as a long-term investment vehicle. A Super Cycle in the Making? As adoption rates increase and Bitcoin’s narrative shifts towards becoming a global reserve asset, some analysts believe that BTC may be entering a “super cycle.” This concept suggests that Bitcoin could break free from its historical four-year cycles, moving toward more sustainable growth patterns that align with traditional financial assets. With adoption, institutional interest, and hash power surging, Bitcoin is gradually maturing into a critical component of the financial landscape. Conclusion Bitcoin’s recent double bottom pattern, combined with strong technical indicators and substantial fundamental support, points to an imminent rally. With BTC’s current trading levels and the critical $75,000 resistance in sight, a breakout could signal a larger upward movement, potentially reaching $100,000. As Bitcoin ( CRYPTOCAP:BTC ) moves closer to integrating with mainstream financial markets, the bullish sentiment appears well-founded, driven by both technical and fundamental indicators that suggest BTC’s next chapter could redefine its role in global finance.
Long
by DEXWireNews
BTCUSD - Above all important DAILY moving averagesGreetings friends! Happy to see you after a few weeks hiatus. Here to do a quick 5 minute update on BTCUSD. Plain and simple, we're about to have a major break in structure as btc is coiling right below the major pivot from July 29th at ~$71,000 - if we break that high, the flood gates are likely to open and we could see a move up to ATH and if we break that, the next target is roughly $84,000. There's no price discovery above ATH so it's possible we make volatile moves and things can move quickly. FYI - alts are currently lagging behind but they'll have their day - you may just need to wait a little longer. More details in the video, obviously, but thanks for reading / watching and I hope you're having a great day!
Long
by bitdoctor