Bitcoin Roadmap==>>4-hour Time FrameBitcoin made the corrections I had expected in previous posts .
Bitcoin is currently moving in the Support zone($63,410-$62,280) .
According to the good news from the crypto market , we should expect an increase in Bitcoin at least until the end of July, when the annual Bitcoin conference is in a few days.
According to the Elliott wave theory , Bitcoin seems to be completing wave 4 . If the upper line of the descending channel breaks, we can confirm its end .
I expect Bitcoin to rise to at least the Resistance zone($68,000-$66,170) .
Bitcoin Analyze (BTCUSDT), 4-hour time frame⏰.
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BTCUSDTPERP
#BTC complex consolidation stage📊#BTC complex consolidation stage
🧠From a structural point of view, we are still consolidating sideways within the target area to digest the selling pressure. As it stands, we have an opportunity to build a bearish double top structure in the selling zone. 📉
Let’s see 👀
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BINANCE:BTCUSDT.P
BTC IS RISING STAR 67000-69000$ + %70BEAR= 58317-46930= + 11387
BULL= 58317+11387= 69704 ( MAİN TARGET )
TAKE PROFİT
(SELLER) HİGH= 59400- 59800- 60600- 61500 -62300- 63000$ - 67000$ - 69700 - 70300 - 71400- 73600
( BUYER ) LOW= 43000-47200-48500-49800-51300-52900-55000
Btc dominance now 44.
We estimate Btc Dominance 55.
It is not investment advice. Calculate your risk. Big money big risk, Little money Low risk.
#BTC/USDT#BTC
We have a downtrend pattern on the 12-hour frame, the price is moving within it and adhering to its boundaries well
We have a support area in green at a price of 55,000 after the price touched it and rebounded from it
We have a trend to stabilize above the moving average of 100
We have a downtrend on the RSI indicator that supports the price upwards
Entry price 64,000
First target 67,600
Second target 70,587
Third target 73,670
Bitcoin Analysis==>>15-minute time frameBitcoin is moving near the Resistance zone($65,500-$64,850) and Resistance lines .
I expect Bitcoin to attack the Support zone($64,280-$63,850) again in the coming hours; if the support zone breaks , we should expect Bitcoin to fall at least to the support line .
Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
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BTC Breaking DownBuilding upon my previously published concept, it appears that the DXY has staged a false breakdown (took liquidity), while BTC has mimicked an upward surge and took liq as well.
Additionally, the minor parabolic movement has been disrupted. If there is another breach of the significant 4-hour swing low, I believe it could result in a rapid decline to around 42,200.
At this moment, I would advise against initiating a short position. Instead, I recommend waiting for a confirmation and a retracement to the order block near 64,400. At that point, one might consider taking a low-risk, high-reward short position. Best of luck to everyone!
#BTC in resistance zone, wary of pullback📊#BTC in resistance zone, wary of pullback⚠️
🧠Judging from the daily level structure, we are still under the suppression of the double top short structure, so we still need to be alert to the occurrence of further corrections. Unless we can reach new highs or form a bullish structure with the same cycle, we cannot be too optimistic.
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BINANCE:BTCUSDT.P
BREAISH BTC SCNEARIOBitcoin (BTC) has established a daily higher high (HH). To confirm a swing high, we need to wait for another daily candle, specifically looking for tomorrow's candle to close below today's.
Following this, we should anticipate a correction towards the discount zone.
Here are two potential scenarios:
A. If BTC forms a lower high (LH) after the retracement, it indicates that the change of character (CHOCH) in the current upward movement is invalid. Consequently, BTC is likely to decline further and continue its downward trend.
B. If BTC does not respect the order block (OB) expected to form in the upcoming days during the retracement and fails to create a LH in the next upward leg, it may continue to rise.
Given that the weekly BTC chart has not retraced to the previous high or reached the discount zone, the likelihood of scenario B occurring increases.
Another important factor is volume, which often precedes price movements. The recent upward leg exhibited lower volume compared to the high volume observed during the downtrend, suggesting that buyers may be losing momentum.
On the one-hour chart, the recent swing low has been broken, forming a CHOCH. This potentially signals the start of a downward pullback.
Enjoy and good luck (GL)!
How to make money with Bitcoin? This time it is a decline.
From the trend point of view, Bitcoin will continue to fall. There is currently pressure at around 62,000. This round of decline is expected to go down to 60,500-60,000. So shorting Bitcoin can make money.
BINANCE:BTCUSDT BINANCE:BTCUSDT.P COINBASE:BTCUSD INDEX:BTCUSD BYBIT:BTCUSDT.P TVC:DXY OANDA:XAUUSD NYMEX:WTI1! FX:GBPUSD
Oversold Bitcoin. It will continue to rebound.
I think there is also a trend of rebound after the decline of Bitcoin. The current price is around 61,000. The target is in the range of 62,100-63,000. Friends who like to trade cryptocurrencies can choose to buy as the main position.
INDEX:BTCUSD BINANCE:BTCUSDT.P COINBASE:BTCUSD BINANCE:BTCUSDT
Bitcoin rebounds by about 500-800 points in the short term.
64500 is a good position for shorting.
You can buy in small batches at present. Remember not to scalp. The risk is very high and uncontrollable.
BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT.P INDEX:BTCUSD INDEX:BTCUSD BYBIT:BTCUSDT.P CRYPTOCAP:BTC.D
#BTC reaches the target zone📊#BTC reaches the target zone✔️
🧠 From a structural point of view, all the ideal goals of the double bottom structure have been achieved and the resistance zone has been reached, so we need to be alert to the emergence of a callback.
➡️ If we want to continue to rise without the support of a bullish structure, it will be difficult for us to go further. Therefore, if you want to be bullish, you need to wait patiently for the correction to occur before considering it.
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BINANCE:BTCUSDT.P
Phemex Anaylsis #6: Bitcoin Breakout - Is it Real or False Dawn?PHEMEX:BTCUSDT.P has recently surpassed the $63,000 resistance level, which has now turned into a support level (weak support). This is a significant development as $63,000 has historically been a formidable barrier for upward movement. The current market conditions suggest a potential shift in momentum, with Bitcoin trading above this critical level.
Here are Two Potential Scenarios for BTC Price Movement in this week:
1. Bullish Scenario: Continued Uptrend
After surpassing $63,000, the next major resistance level to watch is around $68,000. Historically, this level has seen substantial selling pressure.
If Bitcoin continues to exhibit strong buying momentum and breaks through $68,000, it could signal the start of a new bullish phase. Traders should monitor for sustained buying volume, which would indicate a healthy uptrend.
2. Bearish Scenario: Reversal from Resistance
If Bitcoin fails to break through $68,000 and faces rejection, the immediate support to watch is the $63,000 level. Further down, $58,000 and $54,000 become critical support zones.
A rejection at $68,000 could lead to a retracement towards $63,000. If Bitcoin fails to hold this support, it might indicate a deeper correction.
3. Consolidation Scenario
If the price fails to hold the $63,000 support level and drops to a higher low (higher than $56,500), then the price will most likely enter a consolidation/accumulation phase before deciding its direction (ideally bullish).
In Summary, Bitcoin's rise past the $63,000 level marks a significant milestone, but traders should remain cautious and watch for confirmation of sustained momentum. Key levels to watch for upside targets are $68,000 and $72,000, while downside risks could see support tests at $63,000, $58,000, and $54,000. Stay informed and adjust trading strategies based on market developments and technical indicators.
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Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
Bitcoin BTC price starts rapidly move after "fresh" US CPIThe "fresh" CPI US was announced at 3.0%, while the forecast was 3.1%, the previous figure was 3.3%
The data is more than positive, laying a good foundation for the start of the Fed rate cut
Logically, the price of financial assets should rocket upwards, well, at least the SP 500 does)
But unfortunately, the correlation between stocks and CRYPTOCAP:BTC is now the lowest since 2019.
On such positive news, in a strong market, OKX:BTCUSDT price should have soared to $62 thousand, or even $64 thousand
Maybe this will happen with a certain "time lag" according to the blue scenario.
But still, you should keep the red scenario in mind at the same time:
First, another update at least to the $52000-52800 area and "shake out" of the long positions, and only after that the growth trend will begin.
What are your thoughts? Which scenario is more likely now?
#BTC/USDT Hit our Target $63k What's Next? Since the last BTC update, the price has followed our expected path perfectly. Currently, BTC is trading right around the critical resistance level of $63k, a level I've highlighted since it reached $53k. This is the moment of decision.
Following the news of an assassination attempt on Trump, the market experienced a relief rally. However, it's still uncertain whether we are out of the woods yet.
The best strategy now is to start positioning into altcoins while holding BTC. Over the past 3-4 weeks, I've posted insights on 40 altcoins. Feel free to review those, as I'll be sharing 30 more promising altcoins starting today, so make sure to follow me.
Returning to the chart, if BTC breaks above the $63k level, we could see it trading around $70k+ in the short term.
The mid-dotted line, which previously acted as support, has now turned into resistance. A breakout above this level could be very bullish for the market since the same level aligns with Multiple EMAs.
We are almost there; patience is key.
The most reasonable move now is to wait for a breakout above $63k. A break and close above this level would signal a strong opportunity to go long on both altcoins and BTC.
I will keep this chart updated and inform you of any significant changes, whether the breakout occurs or not.
So, follow me and share these charts with others. Don't forget to hit the like button. Please share your views, questions, or altcoin requests if you have any.
Thank you.
PEACE
#BTC reaches the staged resistance zone📊#BTC reaches the staged resistance zone✔️
🧠 Judging from the chart, we have reached the periodic resistance zone as expected, so we need to be alert to the emergence of callbacks and not chase the rise in the resistance zone.
➡️ From a structural point of view, the bullish structure is intact and the ideal goal has not yet been achieved, so it is still worth looking forward to. New long participation opportunities need to wait for a callback to occur before considering them.
Let’s see 👀
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BINANCE:BTCUSDT.P
#BTC complex consolidation stage📊#BTC complex consolidation stage
🧠 From a structural point of view, the bullish structure is intact, so we can still expect it to rise higher. However, we are currently very close to the resistance zone, so it would make more sense to consolidate back and forth between the support zone and the resistance zone. Due to the weekend, trading volume is low, so it is best to exercise more patience. ☕️
Let’s see 👀
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BINANCE:BTCUSDT.P
Bitcoin Analysis==>>RoadmapAfter the announcement of the Consumer Price Index(CPI) Indexes , it seems that Bitcoin's correction structure has changed a little, but I still DO NOT expect an increase in its price.
In terms of Elliott wave theory , Bitcoin seems to be completing the Leading Diagonal .
Also, we can see Regular Divergence(RD-) between Consecutive Peaks .
I expect Bitcoin to start falling again after entering the Potential Reversal Zone(PRZ) and at least fall to the Target I have specified on the chart.
Note: If Bitcoin can go above $62,000, the scenario will change.
Note: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze (BTCUSDT), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.