Bitcoin Outlook: From Support Bounce to Short Liquidation TargetBitcoin ( BINANCE:BTCUSDT ) moved as I expected in my previous idea ( Long and Short positions hit their targets ).
Bitcoin is currently moving near the Resistance zone($114,820-$113,170) , Resistance line, and the Monthly Pivot Point , and seems to have failed to break 100_EMA(Daily) .
In terms of Elliott Wave theory , Bitcoin completed wave 5 as I expected by attacking 100_EMA(Daily) and Heavy Support zone($112,000-$105,800) , and we can expect more bullish waves .
I expect Bitcoin to break the Resistance line in the coming hours and attack the Resistance zone ($114,820-$113,170) and the Cumulative Short Liquidation Leverage ($114,334-$113,400) .
Cumulative Long Liquidation Leverage: $110,950-$110,350
Note: If Bitcoin goes above $115,000, we should expect Bitcoin to rise again.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analysis (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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Btcsignal
Bearish Setup in Bitcoin – Correction Before Deeper Drop?Bitcoin ( BINANCE:BTCUSDT ) started to decline and broke the ascending channel and Support zone($114,820-$113,170) with the help of the Bearish Flag Pattern , as I expected in the previous idea update .
Do you think Bitcoin can go below $105,000 !?
Bitcoin is once again approaching 100_EMA(Daily) and the Heavy Support zone($112,000-$105,800) .
From the perspective of Elliott Wave theory , Bitcoin appears to have completed the Zigzag Correction(ABC/5-3-5) in the ascending channel, and now it seems that we should expect bearish waves .
I expect Bitcoin to FAIL to break the 100_EMA(Daily) with one attack and have an upward correction to Fibonacci levels and Cumulative Short Liquidation Leverage($114,098-$113,229) , and then re-attack the Heavy Support zone($112,000-$105,800) and 100_EMA(Daily) .
Cumulative Long Liquidation Leverage: $111,850-$110,421
Note: If Bitcoin goes above $115,000, we should expect Bitcoin to rise again.
Note: There is also a possibility that the SPX500 index( SP:SPX ) will also correct and, given Bitcoin's correlation with this index, cause Bitcoin to correct further.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analysis (BTCUSDT), 4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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Key PRZ Ahead for Bitcoin – Bounce or Breakdown?Bitcoin ( BINANCE:BTCUSDT ) moved as I expected in my previous idea and rose to the Resistance zone($118,580-$117,460) .
First of all, let me say that this is a short-term Bitcoin analysis .
Bitcoin is filling the CME Gap($116,115-$115,860) and is moving near the Support zone($116,900-$115,730) [, Cumulative Long Liquidation Leverage($115,555-$114,424) , Potential Reversal Zone(PRZ) , and the lower line of the ascending channel .
In terms of Elliott Wave theory , Bitcoin appears to be completing a wave C of the Expanding Flat(ABC/3-3-5) .
I expect Bitcoin to rise to at least $116,910 if it even manages to break the ascending channel.
Second Target: $117,760
Stop Loss(SL): $$115,300
Cumulative Short Liquidation Leverage: $118,965-$117,906
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analysis (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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PPI Shock Pushes Bitcoin Higher – Fake Pump Before Drop?Bitcoin ( BINANCE:BTCUSDT ) has been making high momentum Sharpe moves over the last few days , which has made it a little difficult to trade, which is why I am still sticking to my previous analysis , and this analysis is an update of targets and even new entry points .
Bitcoin is currently moving near the Resistance zone($114,720-$113,580) , Reversal Zone(PRZ) , Cumulative Short Liquidation Leverage($114,510-$113,771) , Monthly Pivot Point , and Resistance lines = a set of Resistances
A few minutes ago, the US Core PPI m/m and PPI m/m data were released, which triggered a pump in Bitcoin . In my view, we should wait for Bitcoin to digest this shock and then continue its real trend .
Do you agree with me?
In terms of Elliott Wave theory , it seems that Bitcoin has completed microwave 5 of microwave C of the main wave Y , and we can expect a downtrend .
I expect Bitcoin to drop again to at least $111,600(First Target) .
Second Target: $110,883
Third Target: $110,000 and more dumps.
Stop Loss(SL): $114,923(Worst)
CME Gap: $117,235-$113,800
Cumulative Long Liquidation Leverage: $110,822-$109,752
Note: Be sure to follow capital management and do not take risks.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analysis (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; 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.
Bitcoin on the road to ZEROCycles and HSI (week 97 today) work alone says CRYPTOCAP:BTC has topped for this cycle and is set to lose at minimum 80%. There is always a clear 5 up, 3 down wave count for BTC and it has completed now. All the massive ETF and Ponzi Treasury Buys couldn't even muster up BTC price to $150k. Its totally cooked.. In my view, its going much lower since the absolute inherent value of all crypto is ZERO. No major central bank will touch it and wants to kill it as BTC presents a threat to the member banks. Come on guys, 2.1 TRILLION UNITS of something makes it rare and scarce. The GENIUS act was the final nail in the coffin for crypto. They will kill it for good soon. The whole coinmarketcap will deflate in the 2026-2031 Greatest Depression. Nobody will have any money and everything will be sold off. The pain will be intolerable for many. Jobs are going away (not because of AI) and crypto will be the last thing people need to survive. This was the final hurrah for Bitcoin. A symbol of the massive speculative excess liquity will be drained in short order shortly...
Bitcoin Roadmap – Breakdown Toward $107K or Bounce?Bitcoin ( BINANCE:BTCUSDT ) has been moving with high momentum this week , with the US indexes and Gold ( OANDA:XAUUSD ) bullish .
Bitcoin is currently trying to break the Support lines , Support zone($110,920-$110,200) and 100_EMA(Daily) .
In terms of Elliott Wave theory , it seems that the waves that Bitcoin has made this week have been in the form of a Triple Three Correction(WXYXZ) .
I expect Bitcoin to decline to at least $109,133(First Target) AFTER the Supports are broken.
Second Target: $107,740
Third Target: $106,660
Stop Loss(SL): $114,108(Worst)
Note: As I said at the beginning of this analysis, the financial markets have been a bit emotional and sudden with their movements this week, so always be prepared for any scenario and pay more attention to capital management.
Note: Generally, trading volume is low on Saturdays and Sundays. Perhaps it is a bit far-fetched to expect a break of the Heavy Support zone($111,980-$105,820) during the weekend. What do you think?
Cumulative Short Liquidation Leverage: $114,976-$113,440
Cumulative Short Liquidation Leverage: $111,907-$111,607
Cumulative Long Liquidation Leverage: $109,346-$108,259
Cumulative Long Liquidation Leverage: $107,181-$106,479
CME Gap: $117,235-$113,800
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analysis (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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Bitcoin at Heavy Support – Will Bulls Defend or Break Below?Bitcoin ( BINANCE:BTCUSDT ) fell as I expected in my previous idea .
The question is, can Bitcoin break the Heavy Support zone($111,980-$105,820) ?
Bitcoin is currently trading in the lower areas of the Heavy Support zone($111,980-$105,820) and near the Support lines and Cumulative Long Liquidation Leverage($107,000-$106,330) .
In terms of Elliott Wave theory , it seems that Bitcoin has completed 5 downwaves at the support lines, and we should expect upward corrective waves . The corrective waves could follow the Expanding Flat(ABC/3-3-5) .
Also, we can see the Regular Divergence(RD+) between Consecutive Valleys.
I expect that if Bitcoin is going to break the Heavy Support zone($111,980-$105,820) , it will attack the Resistance zone($110,920-$110,200) and the Resistance lines first. Do you agree with me!?
Cumulative Short Liquidation Leverage: $110,147-$109,266
CME Gap: $117,235-$113,800
Stop Loss(SL): $105,600(Worst)
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
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Bitcoin Long Setup: PRZ + Heavy Supports in Action!Bitcoin ( BINANCE:BTCUSDT ), as I expected in the previous idea , fell to at least $112,640 and is completing the second target (Full Target) .
Bitcoin is approaching the Heavy Support zone($111,980-$105,820) and 100_SMA(Daily) , Potential Reversal Zone(PRZ) , and Cumulative Long Liquidation Leverage($112,200-$111,000) , generally , heavy supports and resistances are NOT broken with the first attack , so I am publishing this analysis with the label ''LONG'' .
In terms of Elliott Wave theory , Bitcoin is completing a main wave 5 , as the main wave 3 was an extended wave .
Also, we can see the Regular Divergence(RD+) between Consecutive Valleys .
I expect Bitcoin to start rising from the Potential Reversal Zone(PRZ) and Cumulative Long Liquidation Leverage($112,200-$111,000) and increase to at least $113,617 .
Second Target: $114,391
Cumulative Short Liquidation Leverage: $115,157-$114,599
Note: Stop Loss(SL): $110,100
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; 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.
Bitcoin Short Setup _ Short-termBitcoin ( BINANCE:BTCUSDT ) has managed to break the Support zone($114,720-$113,570)/Now=Resistance zone and 50_EMA(Daily) , as I expected in the previous idea . And now it seems that Bitcoin is completing a pullback .
Also, on the 1-hour time frame , if you look closely, Bitcoin seems to be moving inside a descending channel .
In terms of Elliott wave theory , Bitcoin seems to be completing microwave 4 of the main wave 3 , so that microwave 4 could have an Expanding Flat structure(ABC/3-3-5) .
I expect Bitcoin to drop to at least $112,640 after completing the pullback ( microwave 4 of the main wave 3 ).
Second Target: $112,323
Cumulative Short Liquidation Leverage: $116,755-$115,778
Cumulative Short Liquidation Leverage: $114,500-$114,077
Cumulative Long Liquidation Leverage: $112,615-$111,743
Note: From today until Friday, important indexes will be released from the US, which can create excitement in financial markets, especially crypto, and even change the market trend when released.
Note: Most likely, after Bitcoin touches the Heavy Support zone($111,980-$105,820) and 100_SMA(Daily), we should wait for Bitcoin to bounce back (you might be able to look for a long position trigger in that zone).
Note: Stop Loss(SL): $114,823
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 15-minute time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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BTC recovers, maintains long-term growth💎 MIDWEEK BTC PLAN UPDATE (20/08)
BTC Technical Outlook (Daily)
Current Trend:
BTC is in a corrective phase after failing to break above the 120,000 – 120,500 zone. The price has tested the key support area around 112,000 – 113,000, where it converges with the 200 EMA and the 0.5 Fibonacci retracement.
Main Scenario:
If the 112,000 – 113,000 zone holds, BTC is likely to rebound, first targeting 116,000 – 117,500, and then 120,000 – 120,500. This will be a strong resistance area to watch.
Alternative Scenario:
If 112,000 breaks, BTC could drop deeper to the 108,000 – 109,000 zone, and potentially further down to 104,000 (Fibo 0.786).
Key Levels to Watch:
• Resistance: 116,000 – 117,500 and 120,000 – 120,500
• Support: 113,000 – 112,000 and 108,000 – 109,000
Overall Outlook:
BTC is currently at a sensitive level. If the 112k support holds, the bullish trend remains intact, but a deeper break below this zone could extend the downside risk toward 108k and lower.
Bitcoin on the Edge! Will $114K Hold or Break?Bitcoin ( BINANCE:BTCUSDT ) started to decline from the Potential Reversal Zone(PRZ) as I expected in the previous idea .
Bitcoin currently appears to have managed to break the Support zone($116,900-$115,730) and is currently trading near the Support zone($114,720-$113,570) , 50_EMA(Daily) , Monthly Pivot Point , and Cumulative Long Liquidation Leverage($114,300-$113,841) .
In terms of Elliott Wave theory , it appears that Bitcoin is completing microwave 4 of the main wave 3 (probably), and we should expect a re-attack on the Support zone($114,720-$113,570) in the coming hours .
I expect Bitcoin to attack the Support zone($114,720-$113,570) at least once more after completing the pullback to the Support zone($116,900-$115,730) from Cumulative Short Liquidation Leverage($116,411-$115,760) and if it breaks , we should expect a drop to the Heavy Support zone($111,980-$105,820) .
Cumulative Short Liquidation Leverage: $120,115-$118,751
Note: Stop Loss(SL): $117,320
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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Bitcoin Hits New ATH – Is This the Final Pump Before a Crash?Bitcoin ( BINANCE:BTCUSDT ) reacted well to the Potential Reversal Zone(PRZ) that I told you about in the previous idea and started to decline, but Bitcoin managed to create a new All-Time High(ATH=$124,474) in this rally.
Do you think Bitcoin can create a new All-Time High(ATH) again in the coming hours or should we wait for a main correction?
In terms of Elliott Wave theory , Bitcoin appears to have completed the main wave 5 in the Potential Reversal Zone(PRZ) , and we should expect corrective waves .
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks .
Looking at the USDT.D% ( CRYPTOCAP:USDT.D ) chart, it also seems that with the breaking of the upper line of the descending channel, we can expect an increase in USDT.D% , which could cause a decrease in the price of Bitcoin .
I expect Bitcoin to at least move towards filling the CME Gap($118,600-$117,425) AFTER breaking the Support lines .
Cumulative Short Liquidation Leverage: $126,000-$124,367
Cumulative Long Liquidation Leverage: $118,000-$117,400
Note: Stop Loss(SL): $126,123
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; 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.
Bitcoin Near $125K Resistance — Is the Rally Over?Bitcoin ( BINANCE:BTCUSDT ) increased to $120,000 after breaking resistances , as I expected in my previous idea .
Bitcoin has already managed to break the Resistance zone($121,000-$119,000) and is moving near the Potential Reversal Zone(PRZ) .
According to Elliott Wave theory , Bitcoin is completing the 5th major impulse wave . In my opinion, this is the last bullish wave of Bitcoin, and after that we should wait for the main correction of Bitcoin . Do you agree with me that it is time to run and take profit!?
To get a better view of the main waves , I suggest you look at the idea below .
Also, since Bitcoin is correlated with the S&P500 Index ( SP:SPX ) and since I also foresee the possibility of a correction in the S&P500 Index, it is also possible to expect a decrease in the price of Bitcoin based on the S&P500 Index analysis .
I expect Bitcoin to start declining after entering the Cumulative Short Liquidation Leverage($125,000-$122,580) and Potential Reversal Zone(PRZ) and at least fill the CME Gap($119,100-$117,425) .
Note: There are heavy sell orders around $125,000.
Cumulative Long Liquidation Leverage: $120,866-$119,442
Cumulative Long Liquidation Leverage: $117,743-$115,452
What is your opinion on Bitcoin and its trend? Can it see $130,000, or will a main correction begin?
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 2-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; 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.
Bitcoin Btc usdt Daily analysis
Time frame daily
As you can see byc is moving up and down in the green tunnel
My last target (yellow rectangle) is touched and byc couldn't break the upper side of tunnel
Now, my target is 120.000 $ ( red rectangle)
If this time , btc can break the green uptrend line as resistance line , my next target is 145.000$,
👉👉Important notice 👈👈
Here is not suitable Time for entry the long or short position because btc is in the middle of the tunnel
Bitcoin Bounces Back — Is $120K the Next Stop?!Bitcoin ( BINANCE:BTCUSDT ) reacted well to the 50_SMA(Daily) and the Heavy Support zone($112,000-$105,800 and started to rise again.
The question is, can Bitcoin reach $120,000 again and even create a new All-Time High(ATH)!?
In terms of Elliott Wave theory , it seems that Bitcoin has managed to complete the main wave 4 in the descending channel . To confirm the end of the main wave 4 , we must wait for the upper line of the descending channel to break. The structure of the main wave 4 is a Zigzag Correction(ABC/5-3-5) .
I expect Bitcoin to trend higher in the coming hours and attack the resistance area and the upper line of the descending channel(First Target: $117,490) .
Do you think Bitcoin's main correction has begun, or does Bitcoin still have a chance to create a new ATH?
Second target: $119,991
Cumulative Long Liquidation Leverage: $113,526-$112,591
Note: Stop Loss: $111,070
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 2-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; 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.
Smart Money Watching This Line — Are You?Bitcoin is holding strong above a key trendline that has acted as dynamic support since March. Every time price touched this line, buyers stepped in, and once again, it’s doing its job.
What was once resistance has now flipped into solid support. The recent pullback seems healthy, and the price is trying to bounce from the trendline area again.
As long as CRYPTOCAP:BTC respects this structure, the bullish momentum remains intact. If it holds, we could see another leg up from here.
DYOR, NFA
Thanks for reading!
White House Crypto Report Incoming: Will BTC Pump from Support? One of the important news for Bitcoin ( BINANCE:BTCUSDT ) that was released today was that " White House confirms first Bitcoin and crypto report will be released TOMORROW ". Bitcoin is likely to rise with the release of the White House report .
What do you think? At least a temporary pump may be in store for Bitcoin.
Bitcoin fell to the Support zone($116,900-$115,730) and filled the New CME Gap( $119,500-$118,295) as I expected in the previous idea .
Bitcoin is currently moving near the Support zone($116,900-$115,730) , Cumulative Long Liquidation Leverage($116,828-$115,710) and Potential Reversal Zone(PRZ) .
I expect Bitcoin to rise from the Support zone($116,900-$115,730) to at least $118,680(First Taregt) .
Second target: Upper line of the descending channel
Note: Stop Loss: $114,680 = Worst Stop Loss(SL)
CME Gap: $115,060-$114,947
Cumulative Short Liquidation Leverage: $118,827-$118,298
Cumulative Short Liquidation Leverage: $120,144-$119,200
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; 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.
Bitcoin Correction Maturing – Long Setup Brewing!Bitcoin ( BINANCE:BTCUSDT ) has fallen by more than -4% over the past day.
Let's take a look at the reasons for the decline.
One of the key reasons behind Bitcoin’s decline in the past 24 hours ( July 25 ) could be the reduced likelihood of Jerome Powell being replaced as Chair of the Federal Reserve.
In recent days, market participants were speculating that Donald Trump might replace Powell — a scenario that was considered bullish for risk assets like Bitcoin. However, recent reports of a meeting between Trump and Powell, and signs that Powell might not be dismissed, have weakened this fundamental narrative.
This meeting may signal a truce or reduced tension between Trump’s team and Powell , which could imply a continuation of current Fed policies. That’s bad news for Bitcoin, as it removes a potential psychological tailwind from the market and dampens speculative sentiment.
As a result:
Over $500 million in liquidations(Long Positions) occurred
Weak inflows into Bitcoin ETFs
A stronger U.S. Dollar Index ( TVC:DXY )
And declining Gold( OANDA:XAUUSD ) prices over the past two days
all added additional selling pressure on BTC. Now let's take a look at Bitcoin's conditions on the 4-hour time frame .
Bitcoin currently appears to have broken the Support zone($116,900-$115,730) , Support lines , 100_SMA(4-hour TF) , and the lower line of the Symmetrical Triangle Pattern with a bearish Marubozu candle .
Note : In general, trading was difficult when Bitcoin was inside a symmetrical triangle (about 10 days).
It also seems that the pullback to these zones has ended and Bitcoin is waiting for the next decline .
In terms of Elliott Wave theory , Bitcoin appears to be completing microwave 5 of microwave C of major wave 4 . There is a possibility that main wave 4 will create a descending channel and complete at the bottom of the descending channel (at Potential Reversal Zone(PRZ) ).
I expect Bitcoin to start rising again after completing the CME Gap($115,060-$114,947) from Cumulative Long Liquidation Leverage($114,480-$114,000) or Cumulative Long Liquidation Leverage($113,284-$112,603) near the PRZ and Heavy Support zone($111,980-$105,820) .
Cumulative Short Liquidation Leverage: $117,904-$116,665
Cumulative Short Liquidation Leverage: $121,046-$119,761
Do you think Bitcoin has entered a major correction, or does it still have a chance to create a new ATH?
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; 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.
Powell’s Comments Could Decide BTC’s Fate: New ATH or Rejection!Bitcoin ( BINANCE:BTCUSDT ) has attacked the Support zone($116,900-$115,730) several times over the past week but failed to break through, meaning that buyers are still hoping for a BTC increase or even a new All-Time High(ATH) .
Bitcoin has reached a Resistance zone($119,530-$118,270) again and is trying to break the upper lines of the Symmetrical Triangle Pattern . The Cumulative Short Liquidation Leverage($117,255-$116,675) is important and includes high sell orders , so if Bitcoin can break the Resistance zone($119,530-$118,270) and the Resistance lines with high momentum , we can hope for a continuation of the upward trend.
Whether or not the Resistance zone($119,530-$118,270) and the Resistance lines break could depend on the tone of Jerome Powell’s speech today .
Jerome Powell will speak at the opening of the “ Integrated Review of the Capital Framework for Large Banks ” — the final major appearance before the Federal Reserve enters its pre-meeting blackout period.
Market Expectations:
The speech is officially about regulatory frameworks (like Basel III), but traders are watching closely for any hints regarding interest rate policy. Even indirect comments could move risk assets like BTC.
Rate Cut Signals?
With political pressure mounting (including criticism from Trump ) and markets pricing in a potential cut later this year, Powell may adopt a cautious, data-dependent tone emphasizing flexibility in decision-making.
--------------------
In terms of Elliott Wave theory , it seems that the wave structure of the main wave 4 correction is over. The main wave 4 has a Zigzag Correction(ABC/5-3-5) , so that the microwave B of the main wave 4 has a Double Three Correction(WXY) . Of course, the breakdown of the Resistance zone($119,530-$118,270) and Resistance lines can confirm the end of the main wave 4 .
Also, there is a possibility that the 5th wave will be a truncated wave because the momentum of the main wave 3 is high , and Bitcoin may NOT create a new ATH and the main wave 5 will complete below the main wave 3.
I expect Bitcoin to rise to at least the Resistance zone($121,000-$120,070) AFTER breaking the Resistance zone($119,530-$118,270) and Resistance lines .
Second Target: $121,620
Third Target: $123,820
Note: Stop Loss(SL)= $117,450
CME Gap: $115,060-$114,947
Cumulative Long Liquidation Leverage: $117,429-$116,878
Cumulative Long Liquidation Leverage: $116,053-$115,411
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; 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.
Bitcoin Technical Setup: Support Holds, Eyes on $118,600Bitcoin ( BINANCE:BTCUSDT ) moved as I expected in the previous ideas and finally completed the CME Gap($117,255-$116,675) in the last hours of the week. ( First Idea _ Second Idea )
Before starting today's analysis, it is important to note that trading volume is generally low on Saturday and Sunday , and we may not see a big move and Bitcoin will move in the range of $121,000 to $115,000 ( in the best case scenario and if no special news comes ).
Bitcoin is currently trading near the Support zone($116,900-$115,730) , Cumulative Long Liquidation Leverage($116,881-$115,468) , Potential Reversal Zone(PRZ) , and Support lines .
According to Elliott Wave theory , Bitcoin had a temporary pump after the " GENIUS stablecoin bill clears House and heads to Trump's desk " news, but then started to fall again, confirming the end of the Zigzag Correction(ABC/5-3-5) . Now we have to wait for the next 5 down waves or the corrective waves will be complicated .
I expect Bitcoin to rebound from the existing supports and rise to at least $118,600 . The second target could be the Resistance lines .
Do you think Bitcoin will fill the CME Gap($115,060-$114,947) in this price drop?
Cumulative Short Liquidation Leverage: $121,519-$119,941
Do you think Bitcoin can create a new ATH again?
Note: Stop Loss(SL)= $114,700
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 15-minute time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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BITCOIN NEXT TARGET 1205001. Professional & Direct:
BTC Long in Play – Eyes on 120,500 🔥
Momentum building strong. Stay in the trend — next target: 120.5K.
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2. TradingView Style (Engaging):
Bitcoin Bulls Gaining Strength 🚀
Long position active. Targeting next major level at $120,500 — hold tight!
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3. VIP Signal Tone:
BTC BUY Signal Active ✅
We’re riding the wave to $120,500. Strong confirmation on higher timeframes.