BITCOIN: Bearish! Sell From The -FVG!This analysis and trade idea is for Friday May 6, 2026.
BTCUSD Took an impulsive move down, and a long pullback followed.
In my opinion, there are indications that the pullback is ending, and a new impulsive move is starting!
Look for sells from the W -FVG, as it seems the LH is forming, and the next LL will follow.
TP target should be 60,000 or lower.
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Btcusdtforecast
Continue to short BTC: It will continue its downward trend!Although BTC has rebounded, the rebound is still insufficient. I believe that the current rebound strength may not be able to support a sustained BTC rally. Furthermore, it has yet to break through the current resistance zone of 76,000-78,000. Therefore, I believe that Bitcoin will continue its downward trend after the current rebound.
From the current structural perspective, although Bitcoin has rebounded slightly, it is still in a downward trend channel overall, with insufficient market sentiment and a lack of investor interest. Therefore, Bitcoin is unlikely to show any significant performance in the short term. As long as Bitcoin remains below 78,000, its rebound potential is limited, and it still needs to seek support and a bottom on the downside.
Short-term technical support levels: 75000-73000 / 70000-68000
Short-term technical resistance levels: 76000-78000 / 81000-83000
Therefore, in terms of short-term trading, I will still insist on shorting Bitcoin in the 76000-78000 range!
Sell Bitcoin: It is expected to decline and test 75000-73000Bitcoin twice touched the 80000 area and pulled back, forming a double top structure in the technical pattern, which acted as technical resistance to the current structure. The second time, during the rebound, it even failed to break through the 78000 area and did not return to the upward trend structure. Instead, it formed a clear symmetrical structure in the pattern. Based on the symmetrical structure, as long as Bitcoin remains below 77000, it may continue its downward trend and retest the area around 74500.
As Bitcoin continues its pullback, it may establish a new downtrend after breaking the uptrend. The primary resistance zone is currently located in the 76000-78000 area, while the primary support zone is located in the 75000-73000 area.
Short-term technical support levels: 75000-73000 / 70000-68000
Short-term technical resistance levels: 76000-78000 / 81000-83000
Therefore, in terms of short-term trading, I would consider shorting Bitcoin in the 76000-78000 range!
Buy Bitcoin: It will rebound after testing support!Bitcoin rebounded to around 71,000 but then fell back under pressure, and has now continued its decline to below 70,000. The bears are coming on strong! The bears are aggressive, but this may present another buying opportunity!
As can be clearly seen from the chart, after more than a month of repeated fluctuations, Bitcoin has built a solid bottom structure below, which has played an important supporting role. Although Bitcoin has fallen back, it's merely due to a lack of confidence after the market crash. It needs time to consolidate this support during the rebound to gain stronger momentum. Therefore, I believe the Bitcoin pullback may not be a risk, but rather a better buying opportunity.
Currently, the short-term bias is towards a rebound after testing the support area:
Short-term technical support: 67500-6500 / 63000-61000;
Short-term technical resistance: 71500-73500 / 76000-78000.
Therefore, in the short term, it's advisable to prioritize buying Bitcoin within the 67500-65500 support area.
BTCUSDT. A drop to 67,000 - 66,000 with potential for a reversalTechnical Analysis:
1️⃣СCI - unstable CCI near 0. Waiting, we need a drop below -100 and then a transition from below to above that level.
2️⃣RSI - between 30 and 50. Waiting. Another pullback to 30 is desirable, but a confirmed breakout of 50 by the time of the trade would also be fine.
3️⃣Levels:
🔸78.6% Fibonacci level h1 (=67,820) + second extension on h1 (=67,025) + a full set of h4 waves (=66,080) + increased volume 2 (=67,270) - roughly defines the potential reversal zone.
🔸Fib 161.8% h1 = 64350 will be relevant if the trade is cancelled.
4️⃣Larger TF (h4) - nothing but Fibo level so far.
5️⃣Price movement forecast - on the chart.
Entry, stop, take:
🔸Entry: Buy. Upward breakout of the 2nd level (=67,270)
🔸Stop: Preliminary stop loss behind the full set of h4 waves (=66,080)
🔸Take: TP based on the 1st volume (=70,640)
🔸Risk/Reward: 2.78, a fairly risky trade
🔸Implementation: Within a week
Cancellation
🔸Sharp move down after reaching the full set of h4 waves (=66,080)
Fundamental:
1️⃣Fear & Greed Index: 8–12 (Extreme fear) → 🟢 Positive for BTC.
Potential reversal.
2️⃣BTC Dominance: 58.2–58.8% → ⚪ Neutral.
Capital favors BTC over altcoins (Altcoin Season Index 35/100). For BTC, this is more of a confirmation of demand.
3️⃣ Funding Rate: negative → 🟢 Positive for BTC.
4️⃣ Open Interest: $102–107B + negative funding → ⚪ Neutral with a downward trend. Rising OI with negative funding = new shorts, no longs.
5️⃣ Liquidations (March 22): $299M, 85% longs → ⚪ Neutral. Buyers have been dumped - there is potential for an upward move, we are waiting for a trigger.
6️⃣ ETF Flows: +$1.17B (March 9-17) → reversal -$130M/-$90M (March 18-19) → ⚪ Neutral. Inflows and outflows pretty equal.
7️⃣ Exchange Net Flow: ~47,700 BTC outflow per week → 🟢 Positive for BTC.
Accumulation.
8️⃣MVRV: ~1.50 (market price $68K / realized price $45,200) → ⚪ Neutral. The market is not overheated and there are no sell-offs in sight.
9️⃣ Whale Inflow Ratio: ~0.62 (declining from a peak of 0.85 at the end of February; normal 0.35–0.55) → ⚪ Neutral. Potentially a local bottom is near.
🔟 Top Holders: accumulation has slowed, whales are waiting for clarity → ⚪ Neutral
1️⃣1️⃣ Geopolitics: ultimatum on Iran → 🔴minus for BTC. The most important minus: risky instruments under pressure. Traders are shifting to oil and gas.
Conclusion: 👈🏻 Neutral forecast for now due to geopolitics.
BTCUSD Liquidity Grab → Bullish Reversal SetupPrice was moving inside a rising channel → bullish structure intact
Recent breakdown below channel → liquidity sweep + potential trap
Sharp drop suggests sell-side liquidity taken
Current Setup: Buy the Reversal
Price tapped a strong demand zone (~69K)
Showing signs of stabilization / accumulation
Your marked zone = discount area for longs
Trade Plan
Buy Entry:
Around 69,300 – 69,800
Stop Loss:
Below 67,800 (below liquidity sweep low)
Take Profit:
75,000 – 75,200 (previous highs / premium zone)
Confluence Factors
Liquidity grab below previous lows
Break of channel = stop hunt, not full reversal (yet)
Potential CHoCH forming on lower timeframe
Strong imbalance left above → price likely to rebalance
Projection (Matches Your Path)
Short consolidation / fake downside
Strong impulsive move upward
Targeting buy-side liquidity above highs
Important Note
If price:
Breaks and holds below 67.8K → bullish idea invalid
Fails to show bullish structure → expect continuation lower
Bitcoin Facing Rejection at Key Resistance Overall Structure
Price was moving inside a rising channel (bullish trend).
It broke down from the channel, which often signals trend exhaustion or reversal.
After the breakout, price formed a tight consolidation (yellow box) → typical distribution / pause before move.
📉 Your Trade Idea (Short Setup)
Entry
Around 75,500 – 75,600
This is:
Previous support turned resistance
Near the breakdown retest zone
Stop Loss
Around 77,300
Above:
Recent swing high
Liquidity zone (where shorts would get invalidated)
Target
Around 69,900
This aligns with:
Prior structure support
Measured move from the channel breakdown
BTCUSDT. Another attempt to break the flat out. Return to 67400Technical Analysis:
1️⃣СCI - above +100, needs a downward crossover to confirm the trade.
2️⃣RSI - in the 70 zone. Could go higher. A trade requires a downward breakout of 70 or some movement around 70 and a decline.
3️⃣VPVR zones - 73770, 70668, 68950, and 67180
4️⃣Fib - a 38% pullback on h4, coinciding with the end of a upward waves set on h1. Entry is possible from here, see below.
5️⃣Moving Average Crossovers/Breakthroughs - entering at the crossover of the price and 50 EMA - earlier is dangerous. The crossover of the price and 200 EMA will likely occur on increased volume - the first potential stop zone.
6️⃣Elder TF (h4) - an important Fibonacci level at 74560. The 200 EMA has been broken from bottom to top. Today will show whether this is a consolidation.
Entry, Stop, Take Profit:
🔸Entry: Sell on a breakout of 71950 + a downward price crossover of the 50 EMA. So, we're waiting for now.
🔸Stop: Preliminary 38.2% Fibonacci h4 = 74560. Moving stop order at entry point after the 200 EMA is reached.
🔸Take Profit: TP = 62510. There's a chance the trade won't reach this level and will be stopped by one of the higher-volume levels.
🔸Risk/Reward: 3.7 for the final take profit, but could be lower depending on the chart configuration at the time of entry.
🔸Execution: within a week (possibly longer)
Cancellation
🔸If we break over 74,560, the further growth is quite likely. Perhaps not straight to 79,000, but it's possible. If there's no return below 74,560, the trade will need to be reconsidered. Waiting for now.
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What do you think about the future price of Bitcoin? Leave your opinion in the comments.
PS. Do you find a detailed fundamental analysis in the idea posts helpfull, like there were last week? Please let me know in the comments.
BTCUSDT. Forming 50% Fibonacci retracement targeting 69800Fundamentals:
1️⃣ Macro and correlation with risk assets. The Fear Index is at 12 – extreme fear (roughly the same as November 2022). BTC's correlation with the S&P 500 has risen to 0.74 – this year's high. This means BTC is acting like a risk asset: when the S&P falls by 1%, BTC loses an average of ~0.74%. A weak labor market report is putting pressure on stocks, and BTC is following suit. A negative for BTC.
2️⃣ Geopolitics: Oil has rise above $100 thoroughly. The oil-driven pressure on Bitcoin looks like: oil rises → inflation expectations rise → Fed postpones rate cut → less liquidity → risky assets (including BTC) come under pressure. However, the US is a net oil exporter, and CoinDesk analysts note that this partially softens the blow to BTC compared to past oil shocks. A negative for BTC, but with caveats.
3️⃣ Fed rates. The rate is 3.5-3.75%, unchanged. Expectations for a 25 bps cut on March 17-18 are at about 45%. High rates = expensive money = negative for crypto. But today the Fed is in a bit of a bind: rising oil prices could trigger higher inflation, which would favor a rate hike. A poor labor report, on the other hand, would favor a rate cut. The situation is uncertain for risky assets.
4️⃣ Regulatory environment. The US Treasury published a 32-page report to Congress (under the GENIUS Act), in which it recognized the legitimacy of crypto mixers for the first time. Now they're not all being blanketly labeled as enemies of the world. Specifically for Bitcoin, this is a neutral signal, but overall, the regulatory trend is moderately positive. A slight positive.
5️⃣ ETF flows. Inflows have reversed and are positive for the second week in a row – a total of +$1.47 billion over two weeks, breaking five weeks of outflows. For the week of March 3-7, they increased by $683 million, with $461 million coming in a single day (March 4). The BlackRock IBIT ETF is the main driver. However, on March 6, amid a price decline, outflows of $228 million were recorded. Overall, the positive for BTC-price.
6️⃣ Hashrate and miners behavior. The network hashrate is 1.007 ZH/s, at historical highs. However, large public miners are selling BTC en masse and switching to AI infrastructure: Core Scientific dropped BTC from 2,537 to 630 coins ($175 million in sales), Riot Platforms is selling its entire monthly output and liquidating ~1,100 BTC from its balance sheet, and Bitfarms has reduced its reserves from 3,301 to 1,827 BTC. Miners' sales are a negative for the price in a moment.
7️⃣On-chain metrics. There's a thing called MVRV Z-score. It's currently at 1.8 for BTC. It shows the ratio of market capitalization to the weighted average purchase price of all coins. A value of 1.8 is in the fair value zone, meaning BTC is not overbought (euphoria begins above 7), but also not at the bottom (below 0). This adds neutrality to the situation.
👉🏻 Conclusion 👈🏻: BTCUSDT is under pressure in the short term due to oil price problems caused by politics, extreme fear (12), high correlation with the stock market (0.74), and miners are actively selling BTC. On the positive side, the reversal of ETF inflows (+$1.47 billion in 2 weeks), the easing of the regulatory stance, the historically bullish signal from the Fear Index (below 20), and a stable hashrate are all positive for the price. Key events so far: either a de-escalation of the US/Iran trade (could happen at any moment) and/or the FOMC meeting on March 17-18. Plus, important news on Wednesday (CPI) and Friday (PCE, JOLTS, GDP).
Technical Analysis:
1️⃣СCI - has reached the +100 area, but there is no support from the RSI. A move above +100 is likely.
2️⃣RSI - in the 50-60 zone. Uncertainty, but I expect a move to 70 from above.
3️⃣VPVR zones - increased volumes at 71350, 63800, and the 67000-67900 range, where the price may hold and which will become an obstacle on the way down.
4️⃣Fib - important pullbacks at 38% and 50% - coincide with the potential development of the first wave up as the pullback develops.
5️⃣Moving Average Crossovers/Breakthroughs - technically, there is a crossover of the 50 and 200 EMAs, but a pullback should occur now: the price will break above the 200 (green on the chart) and then fall below it again, confirming a downward move.
6️⃣Larger TF (h4) - CCI at -100, potential for an uptrend, 50 EMA as support for a downtrend, volume distribution confirms the current BTC level as important.
Entry, Stop, Take Profit:
🔸Entry: Sell when the price breaks through 68250 (approximately) from top to bottom. We're waiting for now.
🔸Stop: Preliminary 50% Fibonacci retracement = 69830
🔸Take Profit: TP = 63800
🔸Risk/Reward: 2.89, but could be lower depending on the chart configuration at the time of entry.
🔸Execution: within a week.
Cancelation
🔸If the price move higher above 69830, we'll need to reconsider the trade. Waiting for now.
Coinranger|BTCUSDT. Flat with downward pressure🔥News
🔹18:00 UTC+3 - US Manufacturing PMI
🔹The Middle East and Persia are in focus. Any escalation will send prices lower.
🔥BTC
🔹It fell, came back, and seems to be about to fall again. What's next:
1️⃣ The dynamic level of 67770 above.
2️⃣ Below there are 65880, 64950, 63470 - a full set of waves, 60765 and 58690 - extensions of the set.
Until there's progress in the settlement process (if any in the near future), cryptocurrencies will likely be pressed by a heavy moving average on h1 (green line on the screenshot).
You can see live updates of forecast in the Minds section, so subscribe.
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Coinranger|BTCUSDT. The end of pullback and trend continuation🔥News
🔹16:30 UTC+3 - US unemployment claims. We can ignore it unless it overperforms a forecast.
🔥BTC
🔹Overall, Bitcoin is experiencing a pullback. But there are only m15 waves have passed in the old direction.So, what's next:
1️⃣ The 70600 level remains above. There's a chance of reaching it.
2️⃣ We have changes below: 66500, 65050, 63800, 62100, and 58800 - all the levels are the parts of potential dawnward move
The active upward movement is over for now, but sudden price spikes are possible until at least one h1 wave passes along the old trend.
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Coinranger|BTCUSDT. Moving downward to 60,000🔥News
🔹No major news today. Overall, we're looking toward the US-Iran rhetoric.
🔥BTC
🔹BTC has formed something between a triangle and a flag. And now we have:
1️⃣ The dynamic level 67300 above (it will decline to 66300). The same as almost a week ago.
2️⃣ h1 waves below: 63200 (a pullback is likely after that level), 61200, 60100, and 58200 (this is the second set of downward waves).
So far, nothing positive can reverse the price, but geopolitics could continue to exert pressure. A downward move is the priority. Pullbacks to dynamic levels are possible.
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Coinranger|BTCUSDT. Uncertainty at 67200🔥News
🔹US unemployment data will be released at 16:30 UTC+3. It will be important if the actual numbers differs significantly from the forecast.
🔥BTC
🔹There are some changes on levels:
1️⃣ The dynamic level above is 68300. There is some possibility of a sharp upward move to 72000, but there is no news background yet.
2️⃣ 65100 and 64000 below are relevant. Downward movement still has a priority.
Selling trades should be making cautionly today, although the priority for a downward move remains, there is a possibility of sharp price surges upward.
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Coinranger|BTCUSDT. Continued decline🔥News
🔹Unemployment data at 16:30 UTC+3
🔥BTC
🔹Some additional information on previous days' levels:
1️⃣ Dynamic 69200 above.
2️⃣ Below, we've reached 67300, heading to 65100, then 64000.
Be careful at 16:30 UTC+3. Increased volatility is possible.
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Coinranger|BTCUSDT. Moving to H16 aim level🔥News
🔹JOLTS employment report at 18:00 UTC+3
🔥BTC
🔹Still moving within Monday's forecast. Let's see what's on the screens:
1️⃣ Dynamic levels above are 72600 and its potential extension to 75300.
2️⃣ 68470 remains actual below. Anything could happen when it gets there.
For now, I'm waiting for the H16 level to be reached.
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Coinranger|BTCUSDT. Reversal or continued decline?🔥News
🔹Today, the US votes on the government budget.
🔹US manufacturing PMI at 18:00 UTC+3.
🔥BTC
🔹A mega-drop to 74600. What's next:
1️⃣ Above there is the level at 79500, but it's dynamic. And until there's some kind of movement stop, there's nothing more to say. Keep an eye on your moving averages.
2️⃣ Below, a full set of waves with extensions on the h4 timeframe has already been completed. A reversal attempt could occur around the current level. There are 72900 and 71050 a bit lower on the hourly timeframe – a complete set of three consecutive downward sets.
I wouldn't do anything for now. It's best to wait for one of the above scenarios to play out.
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GBTC is hinting a major bottom soon on BTC!AMEX:GBTC
– Elliott Wave Update (1H Chart)
The decline from the Wave B high continues to follow a clean 5-wave impulse. Current price action suggests we are inside Wave (iv) before the final flush.
🧩 Structure so far:
🔻 Wave (i)
• Initial sharp drop
• Set the tone for the entire downtrend
🔻 Wave (ii)
• Reactive bounce into the mid-channel
• Perfect retracement behaviour for an impulse
🔻 Wave (iii)
• Long, persistent decline
• Strongest momentum segment
• Clean subdivisions visible on lower timeframes
🔵 Wave (iv) now forming:
• Grinding upward inside the corrective channel
• Should remain below upper channel resistance
• Likely forming a flat / zigzag corrective before rollover
🔻 Wave (v) expected next:
• Final leg down to complete C
• Target = lower channel + 60–62 region
• Completion of the larger corrective cycle
🟢 After Wave C completes:
• Expect a medium-term trend reversal
• First target = reclaiming broken channel lines
• Bigger target = recovery toward prior structure above 90+
📌 Summary:
Wave (iv) = corrective bounce.
Wave (v) = final drop → then macro reversal likely. ⚡
I am overall bullish on CRYPTOCAP:BTC after this drop. Please check my
BTC update here.
Coinranger|BTCUSDT. Potential reversal to 90930🔹Fed rates at 22:00 UTC+ 3, FOMC press conference at 22:30 UTC+ 3. We can fly on this news.
🔹US earnings season is in full swing.
🔥BTC
🔹Still holding towards 89840:
1️⃣ The main upper level has been clarified at 89840. Above that are 90930 and 92930, but these are just worth keeping in mind for now. This is a complete set of upside waves.
2️⃣ Below, the important 88,500 level is actual and 85,000 and 84,700 lower are still relevant.
Until the rate issue, bitcoin may be trading in a micro-flat of 89,840 - 88,500. There's a chance afterward of a move higher to 90,930.
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Coinranger| BTCUSDT. Continuing decline to 85,000🔥News
🔹No important news today. Only an old data on american market will be released, which is usually considered preliminary.
🔥BTC
🔹Fell down last night and broke through previous peak. Current levels:
1️⃣ The levels above can only be calculated tentatively. 88,500 is the first level for the end of the pullback.
2️⃣ The levels below - 85,000 and 84,700 - almost coincident potential ends of the downward sets of waves on h1 and h4.
Without news, we could either continue the decline, or make a pullback, and then, for example, fall further.
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Coinranger| BTCUSDT. Flat at 90500 - 87550?🔥News
🔹The WEF continues. Preliminary US manufacturing and services PMI data will issue at 17:45 (UTC+3) - no sharp movements expected.
🔥BTC
🔹Staying within yesterday's levels:
1️⃣ The levels above are the same: 91800 and 92855.
2️⃣ Below, 87550 remains actual.
The situation remains unclear. A pullback is still possible - we're currently seeing a triangle forming in the second wave. Potential flat ranges are 90500 - 87550.
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Coinranger| BTCUSDT: Uncertainty after the drop🔥News
🔹The International Economic Forum continues. Trump's speech is at 16:30 (UTC+3)
🔥BTC
🔹We've clearly followed the forecast. Now:
1️⃣ It's still hard to say for sure about the levels above. Preliminary figures are 91600 and 92855. But we could fall into a flat for a while.
2️⃣ The price may reach 87550 before continuing the pullback. I haven't marked any lower levels yet, because we're unlikely to go there without a pullback.
The priority is a pullback; reaching the lower level is also possible.
Coinranger| BTCUSDT. Pullback to 93720 and continued decline🔥News
🔹The International Economic Forum in Davos begins today and will continue all week. America is closed for M. Luther King Day. No other significant news.
🔥BTC
🔹Finally fell to the target levels last night. New:
1️⃣ I've only calculated potential pullback levels so far above: 94590 and 93720. These are all pullbacks on the H1 timeframe. They are the most likely in the near future.
2️⃣ Below we have H1 target levels: 91970, 89500, and 87600. Between them, there are intermediate levels on the M15: 90970 and 89500.
For now, the pullback is the priority; the most likely level is 93720.
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Coinranger| BTCUSDT. Is growing still actual?🔥News
🔹No important news today. Potentially, Trump could start doing something in Iran. And, as we remember, in such cases, crypto can go down very fast.
🔥BTC
🔹However, yesterday it broke through 96,700 and even went a little higher:
1️⃣ Today's levels above: 98,900, and that's a bit too much. There are a couple of lower timeframe levels: 97,860 and 98,300. But today, both Trump and the pending US crypto laws are against crypto growing.
2️⃣ Levels below, a bit updated: 94,770, 93,460, 92,450
The downside move remains the priority. Glassnode data isn't talking about an influx of new capital, but about a short squeeze. This is a dangerous and fragile situation for such powerful growth.






















