#Bitcoin Current Update ( Daily Time Frame )Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC Everyone is focused on the Major Trendline
On the daily timeframe Chart, the Major Trendline is being zealously defended by Bitcoin Bulls.
- We might see another 15–18% bullish rally if Bitcoin holds above the Trendline Support (28.4k) and breaks the Wedge upward.
- We might test the Crucial Support around 24.9k, though, if the daily candle closes below the Major Trendline.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
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Btcusdtanalysis
🚨Bitcoin Falling with the Help of Descending Channel🚨Bitcoin has managed to form a Descending Channel after breaking the 🟢 support zone($29,850-$29,480) 🟢.
Over the past two days, Bitcoin has been completing a pullback to the broken 🟢support zone($29,850-$29,480)🟢.
Bitcoin is currently near the upper line of the descending channel .
🔔I expect Bitcoin to continue its downward trend in the next few hours .
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🌐➖ Negative News ➖🌐:
A new law requiring USA citizens to report Cryptocurrency transactions above $10,000 is one step closer to being approved.
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Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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BTCUSDT at 4h support, likely to move up to 30036The price is currently at 4h support 4HS1. The drop from daily support (not marked on the chart but was close to area where now daily resistance DR1 is marked) was not that significant and found support around the consolidation zone during the upward move in June. It is likely to bounce here towards daily resistance DR1. Therefore, a long trade is favorable here.
Bitcoin BTC price is waiting for a "fresh" Fed Funds rate todayToday is an important day for the financial markets, in 10 hours (18:00 UTC) the Fed will announce a new rate.
98% of respondents expect a +0.25% rate hike from 5.25 to 5.50. More interestingly, it is predicted that this will be the last rate hike in 2023, and at the end of the year, they may even cut the rate a little.
We won't go into the macroeconomics, but usually, when the rate is raised, the financial markets react by falling.
That is, the financial markets have the following expectations:
+0.25% (projected hike) = controlled market decline
+0.50% = a strong decline in the markets.
But we also need to look at the flip side of the coin.
What if the projected +0.25% rate hike is already "priced in" to the current price? After all, the markets have been correcting for several days.
Then, with the announcement of the 5.50 rate, there will be increased volatility in the markets, but the "market players" will say: oh, great, everything happened as expected, the correction has taken place, and now we can grow.
Or, in an unlikely scenario, Mr. Powell will want to outplay everyone and say: "CPI is at 3%, which is almost 2%, which we have been pushing the economy to for more than a year, so we decided not to raise the rate anymore!" This will simply blow the markets up.
Now let's take a look at the BTCUSDT chart
On July 24, sellers managed to push the BTC price below the support of the 32-day consolidation in the range of $29500-31500.
It would seem that the first thoughts are: everything is lost, trouble, the sellers have won, you need to sell everything...
But take a closer look, do you see the increased trading volumes at the breakout of $29500? The massive triggering of long stop orders should have accelerated the fall, and there would have been forced liquidation of positions. But we didn't see anything like that.
Could this be a bear trap?
Today we will get answers to most of our questions:
- If buyers fail to gain a foothold BTCUSDT price above $29700, then the red scenario with targets of $28100 and possibly $27300 will be finally confirmed and activated. We also want to note that we probably shouldn't expect a BTC price of $20-15-10-7 thousand or whatever guru-influencers-traders predict, because the cost of mining 1BTC is now $20-23 thousand. And then there is also a halving in 9 months, which will increase this cost at least twice.
- If buyers manage to gain a foothold BTCUSD price above $29700, then the blue scenario with a target of $34200 will become completely real.
Now, read the first half of the idea again.
And I would like to conclude with a well-known trader's phrase: "Buy the Rumor, Sell the Fact".
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BTCUSDT : Short Trade , 4hHello traders, we want to check the chart of BTCUSDT. The price has hit the bottom of the pullback range channel after breaking a range area. We expect this level to act as a resistance level for us and maintain the downward trend of the price. We expect the price to drop to around 28,500. Good luck.
Bitcoin Bearish Retest?BINANCE:BTCUSDT
CRYPTOCAP:BTC has been going sideways for a very long time.
CRYPTOCAP:BTC Bearish Retest of highlighted zone could provide downside ideas to major support at 25.2k zone. The Bearish Retest could be clean into the highlighted zone or be a "dirty retest" that breaks this zone and then breaks down.
FOMC meeting outcome on Wed 26 Jul so trade with caution.
On larger time frames FOMC meeting has no impact on larger trade plans.
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BTCUSDT at daily support, likely to head towards 30836The price is trading at daily support. The price action is kind of indecisive. However, as long as 29500 level is respected on 4h basis, the price has chance to move upward. Therefore, taking this long as the support is indicating a long. If we lose 29500, the price is likley to head towards 26500. But as long as the current support and 29500 level is not lost, I am inclined towards upward movement.
📈Bitcoin prediction, 26K or 31K? 📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders
Due to the decrease in trading volume in the last few weeks, I'm going to do some weekly Bitcoin analysis.
In the next few days, Bitcoin is expected to return to the $31,000 range if it holds above the indicated areas.
If the price breaks below the mentioned areas, the price will drop to the level of 28,150 and then 26,500.
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BTCUSDT H4: SHORT SETUPHi Guys Hope you well.
As indicated in the chart, you can see 3 selling trading positions. Don't forget to enter the trade in the low time after getting confirmation from the chart. In the first set-up of FVG and in the second and third set-up, the supply area is the place to enter the position. With the excitement on Thursday from the Ripple market court, there was a good growth especially in altcoins, but the exhaustion of the trend is completely evident in Bitcoin, and I expect the end of the uptrend.
BTCUSDT at 4h support, likely to head to at least 31166And so the price has finally come to our entry for the long trade after almost waiting for a day. The price has hit the 4h support 4HS1 and likely to bounce here. I expect this bounce to head towards 4h resistance 4HR1 and making a long favorable here. The target of this long should be at least 31166.
BTCUSDT heading for 4h support, long favorable from there A new long idea on this one. The price is currently trading in 4h resistance zone 4HR1. I expect the price to retrace to 4h support 4HS1 level. A long will be favorable from there towards 31396 area. There is a support around 31066 area and price may experience some bounce there but I hope that the bounce will not be big and the price will continue to retrace to the next support 4HS1 and in turn providing the entry for our long trade.
BTCUSDT back to previous resistance, likely to head up to 31236The price was rejected from the 4h resistance 4HR2 on this push to the upside. It was pushed back down from that resistance to the previous 4h resistance 4HR1 which may act as a support now. I think a long is favorable from the 4HS1 support towards the 4HR2 and a bit above. Lets try this long.
BTCUSDT to head towards 4h resistance around 31136-31236BTCUSDT has been trading in a new range after breaking up from the previous range. Now it has formed a new support zone 4HS1 which is a good level to long from. I believe this time price will break the range high resistance 4HR1 and proceed towards 4h resistance 4HR2. Therefore a long is favorable here towards 31136-31236 zone.