2024-06-10 bitcoin overview(Accumulation/TrenLine)The price recently pulled back from around 72k, which had been a strong resistance level. This is similar to how continuous buying activity at around 67k indicated an accumulation phase just before the price surge. Similarly, strong selling pressure was observed around 71-72k, and it appears a stop-hunting event occurred before the price dropped. The price is currently consolidating after hitting the previous trendline. I expect a minor rebound to the retracement zone (69.8-70.2k) followed by another drop, forming a typical downward wave. If the current trendline breaks downward, the first target would be around the previous accumulation zone of 67k. If it drops further, we might need to consider the 61-62k range. However, there's uncertainty about whether the trendline, if broken, will lead directly to the 61k area. because 61k is a quite distant price, there is doubt whether it will open up to this level. herefore, if we see support around 70.2k or 71k, along with additional buy signals, it might be better to abandon the bearish outlook and consider opening a long position aiming for a new all-time high.by pwm43671
BTC ATH. Point of Interest in terms of Supply and Demand.Let's see whether the first circle area will hold and create divergence on RSI for Daily. The RSI has divergence on both side but but currently is moving downward. Let see whether the FED on this Wednesday which the forecast saying it will be fairly good can give BTC a quick rally before the topping occurs. Bcus the Dollar is seen a bottom on weekly chart. That would be deadly for BTC rocket. It might do what people would call a correction. Then after that, would it start its bull run for this halving. Actually eventho this doesnt get along with other persepctive..I just wanna put it here as my record. To see whether I can read the chart or not.Longby Shelby26950
BTCUSDTBitcoin analysis Time frames of 1 hour and 4 hours Bitcoin has fallen in the 1-hour time frameShortby m0neyminer0
Bitcoin. Timeframe below 4 hoursIf the price falls below 69,000, I will open a sell position up to the zone of 49-51by coffeenetonline0
Will BTC revisit 65k? BTC once showed a strong rebound at 56k, seemed to continue its rise, and appeared poised to break out of the range high. However, it now seems as if this attempt has failed and is proving to be merely a retest of the resistance level. If we think step by step, when BTC breaches the upward trendline, the next logical target would be 65.5k. There is also a level at 63.9k slightly below, which is likely recognized by a downward trendline (green). Currently, it doesn't seem to be so fair to expect it to break through these levels in one go. However, if BTC revisits those levels, it would be no surprise that the low at 56ks is tried again.Shortby jackrabbitrage1
BTC longterm buycurrently th bitcoin price action is the correcting phase.Also trading below the real volume area.so what could we expect let the BTC crawl down more then we will buy it in cheap price.that is how smart money does.For more further continuation of bullish trend btc have to broken the channel with a great volume breakout.this is the plan .good luck ,do not change it without any good reasonLongby rasindu2003Updated 1
BTC SHORT m15Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Keep grinding ;)Shortby kmiarka0
What to expect in the coming daysHi, I'm back, finally, after a long time! After correctly guessing BTC's bottom at 15400$ back in 2022 and 2023, I've been watching its bullish upsurge in the recent months. At the moment, we're seeing BTC hovering around its previous cycle's ATH, but still unable to break it decisively. Last night we witnessed a 3% drop which also caused a 15% crash on all altcoins. Well, this is how bull cycles play out! Alts usually kept at bay, while BTC surging higher and higher; as long as BTC.D remains above 50%, the market's behavior is the same as last night. And honestly I can't see the dominance falling below 50% in the coming weeks, though there are signs that it's becoming weaker day after day. We will probably see the REAL alt-party when ETH breaks its previous ATH strongly enough, and this doesn't happen shortly. August can be an exciting month, though, just like October and December; mark those months as they will probably bring us 100k (and hopefully more) BTC as well as 6000 ETH. And this will NOT be the end of the party! 2025 can be a melting pot of excitement (the first half) and disappointment (the second half)! For the time being, I'd like to direct the attentions to the coming days. We'll possibly see another drop in BTC to 65k level and then one final push to the 72k strong resistance, tearing it apart for the 80k, hopefully of course! But I'm also making sure I'm having in mind the fact that being unable to break 72k can result in a crash to 60k and also less probably to 52k to gather the rich liquidities there; we'll probably need this fuel for 80k and 100k, hopefully not. This will nevertheless be the worst case scenario, and also disregarding any probable world war which might crash BTC to the 37k-42k level once again! Stay safe, M. B.by mehrdadbidgoli940
BTC/USDTdivide the volume of the allocated deposit into three parts Limit buy zone 0.618 - 30 % 0.786 - 30 % 1 - 30 % ------------------------------------------------- Take profit zone 0 - 30 % -0.18 , -0.27 - 30 % -0.618 - 30 %Longby potfew3450
Bitcoin 5-day double Fibonacci blueprintBitcoin 5-day double Fibonacci blueprint, the main short-term target price is at the green and white Fibonacci price levels below, and the main long-term target is at the green and white Fibonacci price levels above. Both rises and falls are in this chart. Instead of looking at a single direction, the green and white line prices are used according to different market conditions.by ZhongBenCong0012
BTC Market Update 6th JuneMarket Update 📊: Bullish Crypto and Extremely Bullish ETH Ethereum (ETH) is projected to reach $6,000 by the end of the year or possibly sooner. ETH ETF Trade: - ETFs have the potential to accumulate over 1 million ETH. - Currently, 3.3% of ETH’s circulating supply is held in investment vehicles globally. Trend Analysis: - ETH investment vehicle flows have been declining steadily since November 2021. - This decline mirrored Bitcoin (BTC) flows until the U.S. spot ETF hype began. - Investment flows have remained stagnant for the past 2.5 years. - A significant trend shift is anticipated following the launch of U.S. spot ETH ETFs. Forecast for U.S. Spot ETFs: - Expected Net Inflows: $4 billion in the first five months. - Basis of Estimate: - Relative global ETH AUM market share compared to BTC: 28%. - Comparison between CME’s ETH Open Interest (OI) and BTC: ETH currently at 23%. - Benchmarking against cumulative spot BTC ETF inflows of $13.8 billion. Projected Inflows: - Estimated Net ETH Inflows: $3.1 billion to $4.8 billion. - Equivalent to: 750,000 to 1,000,000 ETH. - Represents: 0.65-0.85% of ETH’s circulating supply. Market Dynamics and Outlook Estimated inflows of $4 billion to ETH and approximately $3 billion of sell-side pressure in BTC (due to Mt. Gox releases) favor ETH/BTC strength over the summer. While ETH/BTC has been on a linear downtrend for the past two years, the imminent positive catalyst for ETH and corresponding negative catalyst for BTC suggest a potential breakout. Periods of ETH outperformance tend to be short-lived but very strong. In 2021, ETH's significant outperformance against BTC occurred in a seven-week period from late March to mid-May. Given the current setup, ETH is positioned for summer strength. With the ETH/BTC ratio at 0.054, taking a long position on ETH versus BTC is considered advantageous. Longby aliramadann0
Daily BTC Review❌ Market liquidations in the last 24 hours, CoinGlass: ~149K traders, totaling ~$416M — ~85% long positions and ~15% short positions. Despite my expectations, sellers managed to show strength and bounce down from the resistance zone. However, this pressure towards 72K might not be over. ❗️Yes, there is a bounce, but the downward movement needs confirmation. To do this, we need to break below 67K, where the Fibonacci retracement zone is located. 📈Therefore, we might see another test of the resistance zone around 72K. If we fail to break through again, the next bounce will likely lead to a definite fall within the range. We saw something similar happen last March.by Anikeev_Pavel3
BTCUSDT:For almost 70 to 90 days, we are moving in a trendless space In fact, we are suffering from low volume space and it is getting less, so Bolrani is not for now Digital currency is affected by world news For forex, for example, it may suffer at the beginning of the week and then even fall based on the dollar index candle The candlestick dollar index fell and bitcoin also fell. For a long time, bitcoin was not affected by the index, but now it is affected because its volume is small and the box is suffering. Maybe we want to go to 50,000 bitcoins But reject Bitcoin, we have been working with it for two months That means we don't have that strong momentum But there is a trend We didn't go above 72400 to see attractive moves from it The US dollar index had support for a long time, the method was stuck For example, gold really has no meaning in a long position next week On Sunday afternoon, we will probably see a very sharp downward movement from Bitcoin But today, my range market does not sit at the foot of the chart I look at Bitcoin more, I don't have an entry trigger for each other, let's stay without a position, nothing will happen, because I don't like to have a stop-alki. Bitcoin should either close above 72400 or get rejected in the week, which is currently in the middle.by Armitaryan1
Bearish Divergencethis looks like a bearish divergence to me and a potential double top on the 4h chart. if you don't like it, it's your problem, but don't say i didn't warn ya.by SforShiraz2
Short Setup to take out Range lows?Looking forward to entering a short here (blue box) which would bring us down to at least the second blue box and therefore take out the range lows liquidity (fat white lines)Shortby xSamu_TA0
BTC ShortThis is my opinion. The price is getting up and the volume is getting lower. I think it is good to short until 50k. DYOR Shortby lewbei96Updated 4
BTCUSDT-4Hover 300 milion dollar in long position liquidated in 24hours ago beacuse the market was crashed,my idea is the bearish trend is going to countinue for grab more liquidity to form new ATH in midterm.(to the moon..)Longby kmb_trader0
Btc trading rangeI think btc is in a trading range and at least for now it wont continue its upward move, dont forget money management Shortby healerh180
Watching breakout here on #BTC missed my entry at 65k never wicked over weekend, being patient now for the breakout, see if we get the entry & it runs for the new range highs Longby BromadicUpdated 0
BTC PriceTrading in the upward trajectory, Bitcoin price structure favours the further potential up move toward the $75K. Longby TheCoinRepublic0