🚨 Bitcoin Macro Outlook – Fibonacci Expansion Targets 🚨
BTC/USD is currently trading around $117K after a strong premium rally. Price has reached the 127% – 141% Fibonacci extension zone ($109K–$116K), which historically acts as a major supply region.
🔹 Key Observations:
Premium Zone: Current highs show exhaustion signs with potential corrective pullback.
Retracement Zone: Watch the $95K–$100K region (equilibrium + demand block) as the most probable correction target.
Continuation: If this zone holds, upside expansion points to $146K (200% Fib) as the next macro objective.
📈 Strategy View:
Short-term: Expect correction into the $95K–$100K range.
Mid-term: Accumulation in discount zone offers asymmetric long setups.
Long-term: Next expansion target at $146K+ if bullish structure remains intact.
⚖️ Risk management is critical here — chasing highs in the premium zone carries poor R/R, but planned entries in equilibrium zones offer favorable setups.
#Bitcoin #BTC #CryptoTrading #TechnicalAnalysis #SmartMoneyConcepts
BTC/USD is currently trading around $117K after a strong premium rally. Price has reached the 127% – 141% Fibonacci extension zone ($109K–$116K), which historically acts as a major supply region.
🔹 Key Observations:
Premium Zone: Current highs show exhaustion signs with potential corrective pullback.
Retracement Zone: Watch the $95K–$100K region (equilibrium + demand block) as the most probable correction target.
Continuation: If this zone holds, upside expansion points to $146K (200% Fib) as the next macro objective.
📈 Strategy View:
Short-term: Expect correction into the $95K–$100K range.
Mid-term: Accumulation in discount zone offers asymmetric long setups.
Long-term: Next expansion target at $146K+ if bullish structure remains intact.
⚖️ Risk management is critical here — chasing highs in the premium zone carries poor R/R, but planned entries in equilibrium zones offer favorable setups.
#Bitcoin #BTC #CryptoTrading #TechnicalAnalysis #SmartMoneyConcepts
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.