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BTC Could take a pullback (5000 pts downside)BTC level of 69000 round level could be crucial there we have two condition on both sides but the down the side has more space to move and get more liquidity (4000-5000) whereas the upside has only 2000 pts space the favourable sides happens to be pullback and trade on reversal because once the price crossed above 69000 then soon after there will be resistance of trend line 64,600 and 64,120 is a fvg from daily chart incase we see higher high, higher low on this area will be look for longs
by Jimmy_Rebello
2
BTC Bitcoin Technical Analysis and Trade Idea👉 In this technical analysis and trade idea for BTC Bitcoin, we delve into the higher time frame charts which currently suggest a bearish outlook for BTC. Despite this, the price action hints at a potential reversal. It is crucial to understand that this is speculative and not a definitive prediction. We need to observe specific price movements to confirm a true reversal. The video covers an in-depth analysis of the trend, market structure, and price action. Please remember, this content is intended for educational purposes and trading involves substantial risk. Always prioritize robust risk management strategies in your trading decisions.
by fxtraderanthony
Crucial Week for BTC: Economic Data and Rate ImpactsAs Bitcoin enters a crucial week, macroeconomic events and Federal Reserve interest rate decisions play a significant role in determining Bitcoin's price trajectory. With a strong support level maintained at $66,000, there is an opportunity to buy if prices continue above this level. The Federal Reserve's conservative forecasts reduce the likelihood of a rapid interest rate cut, necessitating caution but providing a buying opportunity at strong support. Bitcoin's behavior in the near term is likely to be influenced by its ability to maintain the $66,000 level. A continuous break below this level could lead to further sell-offs, while maintaining it could attract buying interest, especially if macroeconomic factors remain favorable. Given the current levels and potential volatility, it is best to closely monitor price movements, especially how they behave around the $66,000 support and the $72,548 resistance. If you are looking for entry points, consider buying near the $66,000 support level if other signals align (such as a bullish RSI divergence or increased buying volume). The RSI is around 42, which is below the neutral 50 but above the oversold threshold of 30. This indicates that the market is not in a significantly oversold state, and there is potential for an upward move if investor sentiment improves. Setting a stop loss slightly below $66,000 could help minimize risks in case of a breakdown. Profit-taking near the resistance levels ($69,446 and $72,548) can be considered, or holding part of the position if the price breaks above these levels with strong trading volume. Recent Consumer Price Index (CPI) and Producer Price Index (PPI) data support high-risk assets like Bitcoin, showing a continued inflationary trend which may delay the Federal Reserve from making drastic interest rate decisions. Given the volatility of digital currencies, make sure to hedge your portfolio and diversify your investments to reduce risks. This week could be crucial for the future of Bitcoin's price and the digital markets in general.
COINBASE:BTCUSD
by bbitar
Is it time for a Bitcoin rally? BTCUSD : Bitcoin is out of our flag channel but should hold above 67000. The movement we expect from Bitcoin is to move up to the specified targets. But we have two scenarios in mind. 1. Shorts position scenario: If it loses the support range of 67,000, it will move to the price of 65,000 And you can wait for the price to return to 67000 for a sell position down to 63000. 2. Long position scenario: Consider the flag is completed. And open your position at this point for buying with a stop loss of 59800 Or to be more sure of the start of the upward trend, we should set our buy stop position at the limit of 72500 and 74000. For the specified targets: 84 100 110
BITSTAMP:BTCUSD
by DisIts
$BTC TOWARDS $65,000 ?👨🏻‍💻 CRYPTOCAP:BTC UPDATE (Continue) 🔹#BTC is forming a rising wedge, which is a bearish pattern. 🔹If it follows this pattern, we can expect a price drop. 🔹The next immediate support for Bitcoin is at $67,000. 🔹Since it's the weekend, the market will be slow. 🔹Tomorrow is the weekly candle closing, and we can expect the closing to be green. - - - - - - - - - - - - - - - - - - - - - - Follow #CryptoEase and Share it With Your Crypto Mate 😉 BINANCE:BTCUSDT
BITSTAMP:BTCUSDLong
by CRIPTOEASE
BTC Bitcoin Technical Analysis and Trade Idea - Where To Next?In thist video, we present a concise analysis of BTC Bitcoin. After recent bullish momentum, the asset has become overextended trading into resistance, and we are now seeing a significant retrace into support. Our primary objective is to pinpoint an appropriate buy entry point within this critical support zone, assuming that price action aligns with our analysis from the video. As always, the video offers valuable insights into trade entry points, trend analysis, market structure, and price action. It’s important to note that this content serves an educational purpose and should not be interpreted as financial advice. 📈🚀📊
Long
by fxtraderanthony
5
BTC/USD Technical Analysis and Trade IdeaDuring the recent rally, Bitcoin (BTC) displayed significant bullish momentum. In our video analysis, we delve into a potential buy opportunity, provided that price action aligns with our entry criteria. We look closely at the 1H chart: 1: Market Structure Breakout: The previous bearish trend has been disrupted by a bullish breakout in market structure. 2: Long Bias: While my bias leans toward a long position, it remains contingent on price action developments retracing into my fibo zone as outlined in the video. Please note that this content is for informational purposes only and does not constitute financial advice.
Long
by fxtraderanthony
9