Bitcoin Hits Highest Prince Since JanuaryThis is a pattern breaker. Volume is rising together with prices.
There was a rejection right below 106,000 but rather than a rejection a bear-trap & shakeout.
The move higher now confirms this.
Bitcoin is now trading with a full green candle and continues to challenge resistance. As prices move to $106,000, this is the highest since January 2025. A full recovery and a challenge of resistance leading to a new All-Time High.
It seems the new week, 19-May, will be the week when Bitcoin makes history again. This is all positive.
This is a short-term chart; 1H.
Many shakeouts are happening now, both bears (LONGs) and bulls (SHORTs) are being liquidated. Liquidation can only happen with positions using too much leverage. Everybody with 5X or lower is extremely safe long-term and can rest easy. Only the gamblers are having a hard time right now.
The market will continue to shake. Volatility can go up. Regardless of the short-term, Bitcoin is set to grow.
Namaste.
BTCUSDT trade ideas
Bitcoin tests 105,000 with a view to breakout Bitcoin continues to consolidate. A sure sign of a strong bull market.
The market is not allowing the price to approach the key support 101400 and is forming a strong limit level in the 102500 area.
Scenario: I am waiting for a retest of 105000 resistance and if bitcoin remains consolidated above 103500 - 103800 and continues to test 105000, another retest of consolidation resistance could lead to a breakout and a rise towards ATH
An additional condition may be the consolidation of the price above 105000.
Spinning top candle - live example (potentially)🕯️ Spinning Top candle – What It Means!?
A spinning top has:
1. Small body (open ≈ close)
2. Long upper and lower wicks
What it shows? It shows indecision between buyers and sellers after a previous move.
Ok, so what we can learn from it?
📉 We can learn how to Trade a Spinning Top candle!
THIS IS A SHORT SETUP (if confirmation follows)
Confirmation candle: A bearish candle that closes below the spinning top’s low ($106,407)
Entry: ~$106,350–106,400 (after breakdown)
Stop Loss: Above the high of the spinning top: $107,350
Take Profit: $103,800 (deeper pullback near EMAs)
Probability: 65/35 bearish if next candle confirms rejection.
Enough theory, see yourself!
BTC - Short term playsAnalysis of today's BTC trend:
• Daily timeframe: Closed with a small bearish candle yesterday, showing a single bearish-bullish pattern. The price is consolidating at high levels, failing to sustain the breakout after news-driven highs, indicating a short-term range-bound oscillation.
• Hourly chart: The resistance at the high of 107,000 area (double top resistance), and the support at the low of 102,000 area (double bottom support), with an obvious range-bound pattern.
Short-term contract trading strategy:
1. Short position: Short at 105,800, stop loss at 106,300, target at 104,500.
2. Long position: Long at 104,500, stop loss at 104,000, target at 106,000.
In the market, there are no absolutes, and neither upward nor downward trends are set in stone. Therefore, the ability to judge the balance between market gains and losses is your key to success. Let money become our loyal servant.
#BTC bullish structure is broken, beware of pullback!📊#BTC bullish structure is broken, beware of pullback!
🧠The target of the ascending triangle is achieved and it falls below the turning point of the bullish structure at 102561, which means that the upward trend is likely to end. The bullish structure is broken, which means that the probability of continued rise has become lower. Therefore, we can wait for a rebound before looking for short opportunities.
➡️The support near 100700 has never been tested, which is worth our attention.
Let's take a look 👀
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BITGET:BTCUSDT.P
BTCUSDT - Potential Turning Point After Liquidity Grabsstrong bullish intent but is now facing significant resistance after aggressive liquidity grabs. Be prepared for potential volatility and watch for reactions at the identified Order Blocks and liquidity levels to determine the next likely direction.
Bullish Channel Breakout Setup With Entry at $104.8K SupportBitcoin is currently consolidating within a key decision zone after forming a textbook Double Bottom pattern on the 4H timeframe. Technical analysis across multiple timeframes reveals a compelling bullish setup with clearly defined entry, stop, and target levels.
Market Structure Analysis
The current price ($105.2K) sits precisely at a critical inflection point where short-term bearish momentum meets longer-term bullish structure. The 4H chart shows a Double Bottom formation (95% reliability) with a neckline at $104.9K, while the 1H timeframe confirms a bullish moving average alignment (SMA20 > SMA50 > SMA100).
What makes this setup particularly attractive is the converging technical evidence:
Price is testing the lower boundary of the ascending channel (green lines)
RSI is neutral at 51.07, showing neither overbought nor oversold conditions
The Fibonacci fan projection suggests continuation toward $110.1K
Volume patterns on higher timeframes confirm accumulation rather than distribution
Entry Strategy
Conservative Entry: $104.8K (lower channel support)
Aggressive Entry: Current price $105.2K with partial position
This staggered approach provides optimal risk management, allowing positions to be built at technically significant levels. The conservative entry aligns perfectly with the channel support and offers a superior risk-reward profile.
Risk Management
Stop Loss: $101.5K (below major support)
A clear invalidation below $100.7K would signal a potential trend change.
Target Zones
Target 1: $105.8K (initial resistance, +1.0%)
Target 2 : $107.1K (previous high, +2.2%)
Target 3 : $108.8K (Fibonacci 127.2% extension, +3.8%)
Target 4 : $110.1K (Fibonacci fan projected target, +5.1%)
I recommend scaling out of positions at each target level: 30% at Target 1, 30% at Target 2, 25% at Target 3, and the remaining 15% at Target 4.
Market Context
This setup gains additional strength from fundamental factors. The U.S. Strategic Bitcoin Reserve establishment provides long-term support, while recent Bitcoin ETF inflows ($1.8B for week ending May 3) demonstrate growing institutional conviction. The strengthening "digital gold" correlation (now 0.70 with gold vs. 0.53 with Nasdaq) suggests Bitcoin is increasingly being viewed as a store of value during uncertain economic conditions.
The ideal scenario would be a brief retest of the $104.8K support before a decisive move toward the target zones. With proper position sizing and disciplined exit strategy, this setup offers an attractive opportunity as Bitcoin consolidates near its all-time highs.
BTC/USDT Technical Analysis (Daily Timeframe) – 17th May 2025Today’s technical analysis identifies an AB=CD harmonic pattern forming on the BTC/USDT daily chart. The market has completed the initial bullish leg from point A to point B, followed by a corrective move in progress toward point C. This pattern suggests a potential bullish continuation once the price completes the CD leg.
🔹 Pattern: AB=CD
🔹 Entry Zone (Buy Limit): Between 98,192 and 99,045 USDT
🔹 Stop Loss: Placed at 81,758 USDT, just below the previous significant low, to protect against invalidation
🔹 Take Profit Targets:
• TP1: 114,412 USDT – aligned with historical resistance and projected CD leg
• TP2: 129,565 USDT – extended Fibonacci projection level
The RSI Divergence Indicator currently reads at 65.87, suggesting bullish momentum remains intact but nearing overbought conditions. Notably, several bullish RSI divergences marked earlier have supported price rallies, adding confidence to this setup.
The expected trajectory from point C toward D completes the harmonic pattern with a 3.14 Fibonacci projection, aligning well with historical resistance areas. This setup offers a favorable risk-to-reward ratio, provided price retraces into the ideal buy zone before continuing upward.
📉 Strategy Summary:
Traders may consider placing a buy limit order between 98,192–99,045 USDT, with a tight stop below 81,758, aiming for profit targets at 114K and 129K levels. Confirmation of support around point C will be essential before full entry.
📅 Analysis By: Musarrat
🗓️ Date: 17th May, 2025
Bitcoin Might Be Forming a Local Top – Watch the Trendline!!After completing a clear 5-wave impulsive move, Bitcoin appears to be losing bullish momentum. The price is testing the main ascending trendline, and a breakdown could lead to a deeper correction.
The wave count suggests that the 5th wave may already be completed, potentially marking a local top. The key support zone to watch is around $97,740 – a clean break below this level could trigger further downside pressure.
📉 Structure: 5-wave impulsive move
🟦 Support zone: ~$97,740
🔵 Trendline: Currently under test
📌 Bias: Bearish below trendline
📅 Forecast Date: May 18, 2025
⏳ Timeframe: 4H
This is not financial advice. Always manage your risk.
HolderStat┆BTCUSD channel grind toward 110 kCRYPTOCAP:BTC price has stair-stepped out of March’s strong consolidation triangle and is now travelling inside a neat rising channel. Each mini flag has resolved higher, with the latest squeeze holding the mid-line near 102 k. As long as that trend-line underbelly and the diagonal support from April lows remain intact, bulls retain control and can probe the 108-110 k supply zone highlighted on the chart. Only a daily close back inside the lower rail would threaten the current bullish momentum.
BTCUSD TO 109K BUY NOWW!!!!Using the 6h chart and my volume profile confirmations on the 2h chart we have a falling wedge breakouts on the 6h chart while on the 2h chart we have a D shape volume in the volume profile indicating that the big institution are building up their trading positions to buy and they are getting ready for a big move am in on buy from this pointy holding till 109k is completed...
$BTC - Lower Timeframe OutlookCRYPTOCAP:BTC | 1h
Didn't expect such a strong rejection, another push back to 107k now seems unlikely
If we get a reaction at 102k to 101.5k ( val) , we might see a complacency bounce into 104.5k–105.3k to fill some inefficiencies.
That'd be a solid short, targeting 95k–94k
More upside for BitcoinHi traders,
Last week Bitcoin went a little more up to finish wave 3 (updated wavecount) and after that it started a bigger correction.
This looks like a Triangle wave 4 (grey). So if this is true, then we could see the next upmove soon.
Let's see what the market does and react.
Trade idea: Wait for a change in orderflow to bullish, an impulse wave up and a small correction down on a lower timeframe to trade longs.
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This shared post is only my point of view on what could be the next move in this pair based on my analysis.
Don't be emotional, just trade your plan!
Eduwave