Skeptic | Bitcoin (BTC/USD) Analysis: Why 85850 is Critical!The breakout above 85,850 could push Bitcoin into a new uptrend phase, potentially driving price toward 90K, 95K, and even 105K in the coming weeks. That’s why this zone is so important. But let me explain why in more detail.
⭐Let’s start with the daily timeframe. After breaking out of its descending trendline, BTC entered a range between 82,800 and 85,850 . Looking at the bigger picture, you’ll see that 88,500 is a key resistance level — and breaking above it could act as a strong trigger.
But if you’re not a breakout trader and prefer reactive entries, the 80K–82K zone is a major PRZ (Potential Reversal Zone) based on RSI, Fibonacci, and Pivot Points — meaning it could offer a decent spot-buying opportunity.
Just keep in mind: we’re not officially in a daily uptrend yet, so if you’re thinking about spot buying, it’s better to wait for a confirmed higher low and higher high on the daily chart.
The long-term target for the next uptrend is around 140K , based on long-term Fibonacci extensions, pivot points, and trend channels.
🔮 Now let’s drop to the 4H timeframe to find some long and short triggers.
As you can see, we’ve got a range box between 83,055 and 85,853.89.
A long trigger activates after a clean breakout above 85,853.89.
A short trigger activates after a breakdown below 83,055.
It’s better to use stop buy/sell orders rather than entering at market price, since price may move sharply after staying in this box for quite a while.
You can also use this box to set your stop losses.
If you’re a reaction-based trader, you could:
Short around 85,853 when price reacts there,
Or go long around 83,055, depending on your personal strategy.
Just remember: crypto markets often fake breakouts, especially during low-volume periods like now.
Indicators like RSI, Volume, and SMA can help confirm moves.
Understanding momentum — when it’s present and when it’s not — can save you from taking unnecessary trades.
Also, the candlestick itself matters a lot:
How long is the shadow?
What’s the body size and color?
Are we getting strong bullish or bearish confirmations?
If you want a tutorial on identifying real vs. fake breakouts, let me know in the comments — I’ll make one soon.
If you enjoyed the analysis, hit that Boost
By the way, I’m Skeptic.
BTCUSDT trade ideas
BTC & ETH Weekly Forecast – Will Week 16 Bring a Breakout?🔍 Weekly Outlook – Week 16, 2025
• BTC remains below the daily Ichimoku Cloud.
• Volatility (BBWP) is at historical lows — potential breakout setup.
• ETH hovering above key EVWMA zones
• If BTC enters the cloud, 92K becomes a valid short-term target.
• ETH needs to reclaim 1600+ to sustain bullish momentum.
📌 This is a quick overview of my weekly analysis.
I explore the full setup across 1D, 4H, and 12H timeframes,
with Ichimoku, BBWP, and EVWMA discussed in detail elsewhere.
BTCUSD 4H(4-Hour Timeframe):
A potential short position could be opened from the local order block and the OTE zone at 104,161.75, targeting the liquidity zone at 102,500 as the initial goal. Further targets include the previous month's low and the imbalance at 108,353.
I continue to closely monitor Bitcoin’s movements and will soon share a more detailed idea for a short position (short).
It is essential to note that this analysis represents my personal opinion and is not a call to action for trading. Always conduct your own research before making any trading decisions.!!!
BTC Short Setup 15min engulfing candle for the LHBTC Short setup. Not much to say. 15min Engulfing candle for the LH. Invalidation = SL = 1R.
Entry = entering ASAP after two 15min downcandles after another below level (so not a specific level)
Hopefully I'm right, would be great R:R as the TP is the lowest low around 74k and I don't want to lose 1R.
BTCUSDT hitting daily resistance but eying weekly resisatnce 98kBTCUSDT has bounced well from weekly support WS1 and currently heading towards daily resistance DR1 around 87k-88k zone. Once it breaks this, the next target would be weekly resistance WR1 which is the next resistance on its way. This resistance is sitting around 95k-98k zone. I think, the price is eying that zone and in coming days and week we will see the price trading there. However, this WR1 zone would definitely make the price push back on firts hit. But the price will definitely make another go there before either breaking of giving up for a while again. The resistance WR1 will be the only obstacle before the price can hit all time high and beyond again. Therefore, this weekly resistance will not give the way easy as this will be a strong supply zone. But I would not worry much once the price reaches there. This will evnetually signal that we are going beyond ATH and further higher. It would be just a bit of struggle there and some consolidation and some boring price action for a while, and then there will be clear sky.
BITCOIN Smart Money SetupPrice reclaimed a key support zone with a bullish structure shift (CHoCH), followed by a strong rally into a premium resistance area. Volume confirms the push with increased participation. Multiple timeframes show bullish sentiment, and a potential continuation is in play unless rejection from the current resistance zone triggers a reversal. Watch for reaction and volume cues.
BTC Box Range Low, long alternative daily path As a perp long im looking to take here; I shared a plan at the doji bullish OB if it loses the box range low, another shot for me is at 84K after a sweep, BTC is looking strong here, the daily pattern here is one I have backtested and presents more often in LTF, box range low can provide a good opportunity to long to the liquidity. Again, invalidation is tight and simple, watching out for Sunday as we are currently in sell off weekends, especially on Sundays
Is BTC Set up for a fall today? (17/04/2025)BTC has been ranging since last Friday and therefore the price action has been very tight but one candle has given us a clue about the possible next direction.
This has been highlighted by the red arrow. This 2H candle is a bearish engulfing candle, which as a single candle is bearish.
Since that candle was printed, the price has currently retraced into that candles range but has failed to break over it.
I am speculating that this is a failed high.
The blue arrow points to a wick on a subsequent 2H candle which signifies bullish exhaustion and a rejection of that 85000 price level.
The Green lines represent the High and Low price of the most recent 7H candle.
The Orange lines represents the High and Low price of yesterday's Daily candle.
The Red line represents the High and Low price of last week's candle.
There is a purple target beside a 2h FVG that I believe that market could be targeting alongside last weeks low.
BTC - 7 day compositeSince we are still trading in last weekend's range, we can draw a composite volume profile here to have a quick overview of where value is.
Right now we are trading right in the middle which is also the POC of that composite.
Look for a quick move into the npocs above or below.
Other than that the supply block between 86k and 89k or a sweep of the bad highs at 89k would be interesting for a short.
TradeCityPro | Bitcoin Daily Analysis #65👋 Welcome to TradeCity Pro!
Let’s move on to the analysis of Bitcoin and key crypto indicators. In this analysis, as usual, I want to review the New York futures session triggers for you.
🔄 Yesterday, the market was range-bound again, and none of my triggers were activated. Today, a high has formed that could be suitable for opening an early position.
⏳ 1-Hour Timeframe
In the 1-hour timeframe, as you can see, the price is within a box between 83,233 and 85,550, and market volume has decreased compared to yesterday. I recommend keeping an eye on the market today because the volume is very low, and the likelihood of a sharp move is high.
✔️ Today, we have a new trigger for a long position. In yesterday's analysis, I said that the price is creating a new high that could be used as a trigger if it reacts to this area again. As you can see today, the price reacted to this area and was rejected from it.
💥 So, considering that a sharp move is likely, it wouldn’t be bad to open a long position on the breakout of 85,126 so that if we can’t get a proper confirmation from the candle on the breakout of 85,550, we already have a position open.
⚡️ However, for a short position, the 83,233 trigger is still valid and this area is very important. If the price stabilizes below this support, the next supports the price could reach are the areas of 80,595 and 78,778.
👑 BTC.D Analysis
Let’s move on to Bitcoin dominance. As you can see in the chart, I told you yesterday that if the price is supported from the 63.87 area and breaks the previous high, the next bullish leg could begin. However, although dominance was supported at this area, it failed to break the previous high, formed a lower high, and is now again at the 63.87 support.
🔼 If this support is broken, we can temporarily confirm a bearish move in dominance. The next key supports for Bitcoin dominance are the areas of 63.61 and 63.23.
📈 For Bitcoin dominance to become bullish again, in my opinion, we need to wait for it to break the previous high at 64.12.
📅 Total2 Analysis
Let’s move on to the Total2 analysis. The condition of this index is very similar to Bitcoin, but because Bitcoin dominance is bullish, Total2 is one level lower than Bitcoin. Although Bitcoin is struggling with its main resistance, Total2 has moved away from the 980 area and has formed its box between 954 and 932.
🔽 If the 954 area is broken and Bitcoin dominance is bearish, you can open a long position. But if dominance is bullish, Bitcoin will be a better choice.
🎲 If the 932 bottom is broken, you can confirm a bearish trend in altcoins. In this case, I think dominance will become bullish and altcoins will drop more than Bitcoin.
📅 USDT.D Analysis
Let’s look at Tether dominance. The entire market is waiting to see what Tether dominance does with the 5.39 area. If it is supported at this area and breaks the 5.59 high, we can say that dominance is bullish and the market may drop.
🔍 But if dominance can first break the 5.48 area and then the 5.39 area, the market could start a new bullish move and Bitcoin will definitely break the 85,550 high.
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
Bitcoin - Who Will Take Control: Bulls or Bears?Bitcoin is currently exhibiting a prolonged phase of sideways movement, trading within a clearly defined consolidation range. After a sharp move to the upside earlier this month, price has stalled and started to range between the resistance zone near $86,000 and support around $82,000. This type of price action typically suggests indecision in the market, where neither buyers nor sellers are in full control.
The candles within this range are relatively choppy, with many wicks on both sides, further reinforcing the idea that this is a low-conviction environment. It reflects a battle between opposing market participants, and historically, such consolidations often precede strong directional moves. Until this range is broken, price is likely to continue moving sideways with potential for false breakouts and low-probability trade setups.
The Consolidation Range
The current consolidation is outlined with clear visual zones. The upper boundary acts as resistance and is highlighted in red, while the lower boundary, acting as support, is marked in green. The range itself is filled in blue, representing the broader area of indecision and price balance.
This consolidation is not minor—it has held for several days with multiple rejections from both the resistance and support levels. The more time price spends within a range like this, the more significant the breakout is likely to be. Liquidity builds up at the highs and lows of these ranges, and eventually one side will be taken out, leading to an expansion move.
Bullish Breakout Scenario
If Bitcoin manages to break and close decisively above the resistance zone, this would signal a potential shift in market sentiment toward the upside. A breakout above this level is likely to trigger stop-loss orders from short-sellers and attract breakout traders entering long positions.
The chart suggests that if this bullish breakout occurs, price will likely target the liquidity resting above recent swing highs, which are marked by the black horizontal lines. These levels represent areas where traders may have placed their stop orders, making them attractive targets for a price sweep. Following this, Bitcoin could enter a new trend phase, potentially setting up a continuation of the larger bullish structure that preceded the consolidation.
It is important, however, to wait for confirmation. A clean breakout followed by a retest or strong follow-through volume would provide greater confidence in a bullish continuation. Entering prematurely could result in being caught in a false breakout, especially in a ranging market like this.
Bearish Breakdown Scenario
Alternatively, if price breaks below the support zone with conviction, this would be a clear bearish signal. A move below the lower boundary of the range would imply that the buyers have been exhausted and that sellers have regained control.
In this scenario, the expectation is that price will seek out the inefficiencies and untested price action below, particularly the yellow zone marked on the chart. This area likely represents a previous gap or imbalance—zones where price moved rapidly in the past and did not spend much time. Such zones often act as magnets for price once a breakdown occurs, as the market seeks to fill in that inefficiency.
This bearish move could lead to a significant drop, potentially targeting levels as low as the upper $70,000s or even lower, depending on how strong the selling pressure becomes. Much like the bullish scenario, it's critical to watch for confirmation. A candle close below support with strong volume would be an ideal trigger for this bearish thesis.
No-Trade Zone and Strategy
Until Bitcoin breaks out of this range in either direction, there are no clear high-probability trades. Entering within the range is inherently risky due to the lack of momentum and high chance of reversals. Whipsawing price action can easily trigger stop-losses and create frustration for traders trying to anticipate moves before confirmation.
The most prudent approach in this situation is patience. Let the market show its hand. Once a breakout occurs, whether to the upside or downside, the path forward becomes more defined and trade setups with favorable risk-to-reward ratios will emerge. For now, this is a textbook no-trade zone—ideal for observing and planning, not for forcing entries.
Conclusion
Bitcoin is currently at a critical juncture. The ongoing consolidation is a precursor to a larger move, and while the direction is not yet confirmed, the zones of interest are clearly mapped out. A breakout above resistance will suggest a bullish continuation, targeting liquidity above recent highs. A breakdown below support will imply a bearish move toward the inefficiencies and untested price areas below.
In markets like this, discipline is key. The goal is to avoid getting chopped up in the range and instead position yourself on the right side once momentum returns. The next breakout will likely set the tone for the coming days or even weeks—so patience now could lead to greater reward later.
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BTC Possible HTF HL Creation 2BTC Possible HTF Creation 2 (update from first post):
Chart inverted; analysis below as if it weren't an inverted chart:
1) Weak highs as there isn't an SFP or some kind of big wick candle;
2) Price did break below a significant part of the HL structure but not the full structure (last HL hasn't been broken):
- The part it broke down below isn't outstanding enough to produce a big breakdown (my intuition tells me). It isn't a MSB as the last HL is still intact and the structure it did break below I think can't produce a big downmove (which then would create a MSB if it happened but I think would be weak and shortlived, likely to be capped at that outstanding low at 95k).
- Price didn't instantly break below structure, it first made a LH (April 10) which weakens the downmove significantly to where my intuition tells me there now can't be a full MSB being formed.
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No significance at highs (no SFP) nor big previous high being hit so no reason for trend shift.
Price did break some significant structure but not fully and not fast enough: it first produced a LH before breaking below it. that's key here: if it was a breakdown in one go then price would have broken below the structure very close to the structure making the structure way stronger in resistance and therefore the likelyhood of a real breakdown way higher. That price is consolidating now (so not going fast anymore) is fine: horizontality creates space for a move in either way. But the fact that price didn't break below the structure in one go is the important part which I think cancels out the breakdown.
Just looking at it simply, pure intuition. This will never break down as that structure which it broke down below isn't outstanding enough and there is not enough verticality (no strength). I would never short this.
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And now coming out of the inverted chart: If I would never short this this means I would never buy this at 82k.
But the HTF HL, I want to say it as an ego thing: will higly likely be an SFP of the Monday April 7 lowest low and I have put my 100% allocation on it (might take out some to buy the ETH lowest low of June 2022 as these moves would probably go together and ETH is the better investment if you want to make bigger profits)
This ego thing is a traders' mistake as you can never be 100% sure in trading so you should never put a limit order on a level in advance, but I'm a young guy and me buying the lowest low of the HTF HL with great potential I could be right is a risk I'm willing to take as the benefit of me being right (having THAT amount of conviction with serious high level analysis backing that conviction) would just prove to me that I'm one of the best in the world in trading BTC, and this mental benefit will flow into daily ordinary life as I would then have proof of this 'status' (forgive me people, I know better but I'm still young and I know having this ego thing now will create a laugh + will make me happy in the future) + gives me more rest to focus on my studies.
I accept the traders' mistake as this is a HTF HL environment, not an ordinary area in between.
Mastering Candlestick Patterns - How to use them in trading!Introduction
Candlesticks are one of the most popular and widely used tools in technical analysis. They offer a visual representation of price movements within a specific time period, providing valuable insights into market trends, sentiment, and potential future price movements.
Understanding candlestick patterns is crucial for traders, as these formations can indicate whether a market is bullish or bearish, and can even signal potential reversals or continuations in price. While candlesticks can be powerful on their own, trading purely based on candlestick patterns can be challenging and risky.
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What are we going to discuss:
1. What are candlesticks?
2. What are bullish candlestick patterns?
3. What are bearish candlestick patterns?
4. How to use candlestick patterns in trading?
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1. What are candlesticks?
A candlestick in trading is a visual representation of price movement in a specific time period on a chart. It is a fundamental element used in technical analysis to study market trends, determine price levels, and predict potential future price movements. A single candlestick consists of four main components: the open, close, high, and low prices for that time period.
Here’s how a candlestick works:
- The Body: The rectangular area between the open and close prices. If the close is higher than the open, the body is green, indicating a bullish (upward) movement. If the close is lower than the open, the body is red, signaling a bearish (downward) movement.
- The Wick (high and low of the candle): The thin lines extending above and below the body. These represent the highest and lowest prices reached during the period. The upper wick shows the highest price, while the lower wick shows the lowest price.
- The Open Price: The price at which the asset began trading in that time period (for example, the start of a day, hour, or minute depending on the chart timeframe).
- The Close Price: The price at which the asset finished trading at the end of the period.
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2. What are bullish candlestick patterns?
What is a Hammer Candlestick Pattern?
A hammer candlestick pattern has a small body near the top of the candle and a long lower wick, typically two to three times the length of the body. There is little to no upper wick. This formation shows that during the trading session, sellers managed to push the price significantly lower, continuing the downward momentum. However, buyers eventually stepped in with strong demand and drove the price back up near the opening level by the close.
What is an Inverted Hammer?
An inverted hammer has a small body near the bottom of the candle with a long upper wick, usually at least two to three times the size of the body, and little to no lower wick. This unique shape resembles an upside-down hammer, hence the name.
What is a Dragonfly Doji?
A dragonfly doji has a unique shape where the open, close, and high prices are all at or very close to the same level, forming a flat top with a long lower wick and little to no upper wick. This gives the candle the appearance of a "T," resembling a dragonfly.
What is a Bullish Engulfing?
A bullish engulfing candlestick consists of two candles. The first candle is bearish, indicating that sellers are still in control. The second candle is a large bullish candle that completely engulfs the body of the first one, meaning it opens below the previous close and closes above the previous open. This pattern reflects a clear shift in market sentiment. During the second candle, buyers step in with significant strength, overpowering the previous selling pressure and reversing the momentum. The fact that the bullish candle completely engulfs the previous bearish candle indicates that demand has taken over, signaling a potential trend reversal.
What is a Morning Star?
The morning star consists of three candles. The first is a long bearish candle, indicating that the downtrend is in full force, with strong selling pressure. The second candle is a small-bodied candle, which can be either bullish or bearish, representing indecision or a pause in the downtrend. Often, the second candle gaps down from the first, indicating that the selling pressure is subsiding but not yet fully reversed. The third candle is a long bullish candle that closes well above the midpoint of the first candle, confirming that buyers have taken control and signaling the potential start of an uptrend.
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3. What are bearish candlestick patterns?
What is a Shooting Star?
A shooting star has a smal body near the low of the candle and a long upper wick, usually at least twice the size of the body, with little to no lower wick. This shape shows that buyers initially pushed the price higher during the session, continuing the upward momentum. However, by the close, sellers stepped in and drove the price back down near the opening level.
What is a Hanging Man?
A hanging man has a distinct shape, with a small body positioned near the top of the candle and a long lower wick, usually at least twice the length of the body. There is little to no upper wick. The appearance of this candle suggests that although there was strong selling pressure during the session, buyers managed to bring the price back up near the opening level by the close. Despite the recovery, the long lower wick shows that sellers were able to push the price down significantly at one point. This introduces uncertainty into the uptrend and can indicate that bullish momentum is weakening.
What is a Gravestone Doji?
A gravestone doji has a distinctive shape where the open, low, and close prices are all at or near the same level, forming a flat base. The upper wick is long and stretches upward. This shape resembles a gravestone, which is where the pattern gets its name.
What is a Bearish Engulfing?
A bearish engulfing candlestick pattern is a two-candle reversal pattern that typically appears at the end of an uptrend and signals a potential shift from bullish to bearish sentiment. The first candle is a smaller bullish candle, reflecting continued upward momentum. The second candle is a larger bearish candle that completely engulfs the body of the first one, meaning it opens higher than the previous close and closes lower than the previous open. This indicates that bears have taken control, overpowering the buyers, and suggests a potential downside movement.
What is an Evening Star?
An evening star is a bearish candlestick pattern that typically signals a potential reversal at the top of an uptrend. It consists of three candles and reflects a shift in momentum from buyers to sellers. The pattern starts with a strong bullish candle, showing continued buying pressure and confidence in the upward move. This is followed by a smaller-bodied candle, which can be bullish or bearish, and represents indecision or a slowdown in the uptrend. The middle candle often gaps up from the first candle, showing that buyers are still trying to push higher, but the momentum is starting to weaken. The third candle is a strong bearish candle that closes well into the body of the first bullish candle. This candle confirms that sellers have taken control and that a trend reversal could be underway. The more this third candle erases the gains of the first, the stronger the reversal signal becomes.
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4. How to use candlestick patterns in trading?
Candlestick patterns are most useful when they appear at key levels, such as support, resistance, or significant trendlines. For instance, if a bullish reversal pattern like a hammer or bullish engulfing forms at a support level, it may indicate that the downtrend is losing momentum, and a reversal could be coming.
Trading based on candlestick patterns alone can be risky. To improve your chances of success, always seek additional confirmation from other technical analysis tools. Here are some common ones:
- Support and Resistance Levels: Look for candlestick patterns that form near key support or resistance levels. For instance, if the price reaches a support zone and a bullish reversal candlestick pattern forms, this may suggest a potential upward reversal.
- Fibonacci Retracement: Use Fibonacci levels to identify potential reversal zones. If a candlestick pattern appears near a key Fibonacci level (such as the Golden Pocket), it adds confirmation to the idea that the price may reverse.
- Liquidity Zones: These are areas where there is a high concentration of buy or sell orders. Candlestick patterns forming in high liquidity zones can indicate a stronger potential for a reversal or continuation.
- Indicators and Oscillators: Incorporating indicators like the Relative Strength Index (RSI), Moving Averages, MACD, or Stochastic RSI can help confirm the momentum of the price. For example, if a candlestick pattern forms and the RSI shows an oversold condition (below 30), this could indicate a potential reversal to the upside.
It’s crucial to wait for confirmation before entering a trade. After a candlestick pattern forms, it’s important to wait for the next candle or price action to confirm the signal. For example, if you spot a bullish reversal candlestick like a hammer at support, wait for the next candle to close above the hammer’s high to confirm that buyers are in control and a reversal is likely.
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BITCOIN - Time to buy again!I might be wrong and this might never happen, but it might come true From a technical perspective!!!
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Bitcoin Analysis on 18.04.2025Current Outlook:
- BTC has recovered slightly after a major pullback.
- The price is now at a critical bullish zone (above Arrow #4).
🎯 Key Levels:
1. 🚀 Bullish Breakout:
- A break above the two yellow lines (under Arrow #2) could fuel a fast move to $100K (Arrow #1).
- If $100K holds, the bull run continues.
2. ⚠️ Bearish Risks:
- If BTC fails to hold Arrow #4 & #5, a drop to Arrow #6 (support) is likely.
- Breaking Arrow #6 would confirm a bearish trend reversal.
💡 Trading Tip:
- Watch Arrow #4 & #6 closely—these are make-or-break levels.
- Manage risk & wait for confirmation before big moves.
🔥 Stay sharp & trade wisely!
BTC NEXT MOVEBTC is turned bullish on lower time frame for now. As CHoCH marked on the chart after taking previous lower high. As now its in bullish trend so we have to find bullish entries like I have marked OB+FVG below the Sell side liquidity and Trendline liquidity. Expecting price to fill these liquidity areas and then up.
BTCUSDT - Trade Log BTCUSDT – Weekly Bullish Outlook
Weekly Context: Price has held the weekly Fair Value Gap and bounced off the 50 EMA, with clean wick rejections signaling strong buyer demand. The recent pullback (~32% from ATH) remains within historical correction bounds, and the tiny current retrace (<1%) suggests low downside risk. A triple bottom on the weekly RSI cycle around 40 further supports a bullish reversal.
Trade Plan (Long):
– Entry: Add longs near the weekly FVG / 50 EMA (around 75–87k).
– Stop: Place just below the FVG low (≈70k), risking ~5% of account.
– Target: First at 100k (psychological level), then previous ATH region for a 1:3+ RRR.
Bullish Catalysts:
• Weekly 50 EMA has only closed below twice—support intact.
• Weekly FVG wick signals have historically delivered high-probability bounces.
• Triple bottom on weekly RSI signals major capitulation is complete.
• Macro backdrop (equities & gold) remains positive for BTC.
Stay alert for any decisive weekly close below the EMA—until then, the bulls remain in control. 🚀
BTC / Bitcoin / BTCUSDT Bullish OutlookDaily Time Frame Analysis: Bitcoin (BTC) has recently broken out of a descending trendline on the daily chart, signaling a potential shift in momentum. Following the breakout, BTC has entered a consolidation phase, lasting for the past 7–8 days.
Short-Term Outlook: In the near term, BTC may either:
Break out to the upside from the current consolidation zone, or
Execute a fake-out to the downside before reversing sharply.
Potential Upside Targets:
Target 1: $87,000
Target 2: $88,000
Target 3: $90,000
Target 4: $92,000
Traders should monitor price action closely for confirmation before entering positions.