I think BTC Maybe moving like thisFrom 1H Trend we might have a bottom at 66500, we will hit that 68200 first then decides again
USDTBTC trade ideas
BITCOIN / TRADING SENSITIVE AREA / 1HBITCOIN / 1H TIME FRAME
HELLO TRADERS
Prices are trading near the demand zone, which is an area where buying interest is high enough to prevent the price from falling further. It suggests that if prices stabilize and remain above this zone, buyers are likely maintaining control.
If prices remain above the demand zone, the analysis forecasts a potential increase toward the supply zone, which is the range between 69,058 and 69,513. A supply zone is an area where sellers are likely to step in and create downward pressure on the price.
On the other hand, if prices break below the demand zone, it would confirm a downtrend. This means the selling pressure has overwhelmed buying, pushing the price downward. The analysis predicts the price could then fall to the next demand zone between 65,420 and 64,867.
Supply Zone : 69,058 and 69,513.
Demand Zone : 65,420 and 64,867.
Bitcoin Price Analysis - 4H TimeframeBitcoin Price Analysis - 4H Timeframe
Bitcoin has been showing interesting price action on the 4-hour chart, recently trading at $67,002 . Let's dive into the key movements:
Current Situation
Support Level : Bitcoin has been consolidating around the $67,000 level, suggesting a potential support zone forming around this price. This support is critical as it has held after previous attempts to push the price lower.
Resistance Level : The upper resistance appears to be at around $69,000, which Bitcoin attempted to breach but faced rejection. This makes $69,000 a key psychological level for bulls to watch.
Market Structure and Trends
Rising Movement and Rejection : The recent peak at $69,000 indicates that Bitcoin is struggling to make a decisive breakout. The following bearish candle suggests increased selling pressure.
Volume Analysis : Notice the spike in selling volume as price action failed to hold above the $68,000 mark. The increased volume shows that sellers were active, indicating a possible bearish retracement or at least a temporary slowdown in the upward trend.
What to Watch Next
If Bitcoin can hold above $67,000 , it might gather momentum to retest the $69,000 resistance area. Breaking above this could lead to a run toward $70,500 or even higher levels. Conversely, if the price falls below the $67,000 support level, we could see a retracement to the next support around $65,000 .
Short-Term Play
Bullish Scenario : If BTC manages to maintain support at $67,000 and build bullish candles, it could move towards the $69,000 resistance and potentially break higher.
Bearish Scenario : Losing support at $67,000 might cause a dip toward $65,000, where buyers would look to re-enter for a better risk-to-reward setup.
Summary
Bitcoin is currently in a consolidation phase between $67,000 and $69,000 . A breakout above $69,000 with increased volume could trigger a move to new highs. Traders should wait for clear confirmation before entering new positions, with focus on volume spikes and strong candle formations to anticipate the next move.
Disclaimer : This is not financial advice; always do your own research (DYOR) before entering trades.
BTCUSDTon daily candle btc broke out of trend, on technical i expect it to return for a buy into 64879-65000 zone for new wave based on the structure.
buyers rejected at 69000-6800 zone was based on price tapping into supply territory with bearish order waiting for execution.
on technical i want a retest into broken supply roof since we reached a new all time high. to use it a as demand floor for uptic
BITCOIN breakout of the main resistance to the upside Hello and greetings to all the crypto enthusiasts, ✌
The previous two analyses regarding Bitcoin have achieved their upward targets, and in this analysis, we will summarize Bitcoin's movement in the relevant time frame. 💣🚀
The price has broken through two previous resistance highs and is approaching one of its most significant resistance levels from the past few months. 📚✔
Given the new and high volume observed in the market, along with the technical chart, I believe there is a possibility of touching and breaking this resistance in this time frame. Before that, we might see a series of ranging or short-term downward candles. 🙌🙌
🧨🧨🧨🧨 Our team's main opinion is for further upward movement and breaking the several-month resistance, with the possibility of observing neutral and ranging candles shortly. Other scenarios are also visible on the chart with lighter arrows, and the price targets are marked with price labels. 🧨🧨🧨🧨
I’ve also summarized the key points at the bottom of the chart for your convenience. I hope you find this information helpful. ✌🎉
Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
BTCUSDTON DAILY BTC btc broke out of descending trendline and i expect a retest into 65000-64870 for a new wave of buy based on the structure
BTC can take two directions in the short term?According to the signs, two things may happen in the coming days: if the rsi crosses downward on the daily time plane, a more serious but short-term decrease may occur, if all this is confirmed by a possible macd cross, then we can observe a downward-sloping chart. if the rsi breaks 50, I expect another spectacular break. According to the other option, the 4-hour rsi turns back from below 50, with this the upcoming rsi cross can be eliminated on the daily time plane, and even if we look at the situation in context, after the rsi 50 cross on the four-hour time plane - it is better if this is also validated by the macd cross , you can search for a medium-term position on a one-hour timeframe, from the rsi ma 50 cross, to the newer rsi ma 50 cross, with sl tracking. I'm curious about your opinions.
Bitcoin will be creating a higher high within 48hours go LONGIn this transition we set up the next transition for Bitcoin
Price will be heading to a higher high over the next 2 days
set your SL below the current turning point, aka $66,500 should be fine
set your target above the current high
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Fresh View for BTCUSDTDivergence Looking Bullish Soon
One Hour dynamic Resistance Will Break Soon
Yellow box if break down side then fresh sell off will continue
Major Resistance 67580
Immediate Support Range 66872 to 66670
upside Horizontal rays are target if 67580 breakout
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Let's analyse BTCUSDT on lower time frame:
As expected, BTCUSDT is currently trading within a defined channel. Buying activity has been observed in the orange region, suggesting potential upward momentum. A rebound from this region is likely, especially considering its proximity to the middle line of the channel. If the price breaks below the middle line, further downside could lead to a decline towards $65,500.
Key Levels:
Resistance: $69,000
Support: $66,800
Lower Support: $65,500
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Happy Trading!!
Will Bitcoin Take Off?Bitcoin's price has been moving sideways for the last 114 days after reaching a new ATH. Now, the price has dropped below the previous ATH.
In the early stage of the bull run, Bitcoin's price moved sideways for 210 days before making a significant bullish move. This time, we can expect a similar pattern, with the price likely continuing to move sideways for the next 1-2 months.
We can expect a bullish move in the middle or end of the third quarter of 2024.
Regards
hexa
BTC another signalhello guys!
the last signal hit the target:
it is super risky too!
please manage your risk! in this case it is possible lots of hunting will happen.
BTCUSDTSecond sell because l see sevral bearish set up in 4h tr after first leg and I looking for second leg
Bitcoin is bullish HTF, but short TF correction inevitable
BTC closed last week above July weekly swing close 🔥 Multiple RSI on Month TF also shows bullishness, similar to what it had on March 2023 (after that BTC started it's bull run for ~278%). This chart is bullish, so whatever I write about pullbacks/dips, remember - I mean short term price action that is for buying.
Bitcoin dips to 65500-66500 and bounce back fast should be taken as a fast bullish scenario. That would allow to add more to longs in both BTC and alts. The zone for potential wicks is around 63.5-64.5k - not sure how high are the chances for such a dip, but since it will surely bring panic to the market, it is absolutely possible.
BTCUSD / Bitcoin Trade SetupsCurrently looking for intraday short on BTC into key levels for long.
HTF still looks decent for an upside move tho.
$68K is my first TP level for shorts and at the same time watching it for reaction. If reaction is strong I'll long there and not wait for lower area.
