Is the bull market over ? | Price action analysis 📉 We've seen a 5%+ drop in Bitcoin's price, and some are panicking, wondering if this is the start of a downward rally. In today's video, we put the price action in perspective and plan our next trades. 📊💡21:56by Trade-Journal113
A Disaster Is Coming : Bitcoin Going To 54000 $Hello everyone As shown, Bitcoin is making a regular flat wave which headings to (53000 - 55000) $. Thanksby Struggle_Man1
BTC - Daily TR phaseIn the daily timeframe, Bitcoin is navigating within a defined trading range, characterized by a descending channel with a gentle slope. This pattern suggests a period of consolidation following the substantial bullish momentum observed earlier in the year. The channel's boundaries are formed by resistance around the $73,000 level and support near $60,000. The gradual decline of the channel reflects a controlled correction rather than a sharp drop, which can often indicate a healthier retracement phase within a larger bullish trend. Observing recent price action, Bitcoin has encountered resistance twice within this descending channel, failing to break through the $72,000 zone. Each attempt has resulted in a pullback, highlighting the strength of the resistance level. The current price action suggests a possible decline towards the support zone at the lower boundary of the channel. Despite these pullbacks, there is a possibility that Bitcoin may find support above the lower end of the channel, potentially around $60,000 to $62,000. This would reflect buyers stepping in at higher levels, indicating underlying bullish sentiment even within the corrective phase. The behavior within this channel is critical for anticipating the next move. If Bitcoin finds support higher than the channel's bottom, it could set up for a bullish breakout in the future, targeting a move back towards and potentially above the resistance zone. Conversely, a failure to hold these higher support levels might lead to a test of the channel's lower boundary, necessitating a closer watch on the $60,000 support area for potential buying opportunities. Overall, the descending channel should be monitored for signs of consolidation, accumulation, and possible reversal, which could provide clues to the next major move for Bitcoin.by Sober_Trading446
$BTC #Bitcoin Trading IdeaBTC/USD (Bitcoin) and everything else STINKS! “Who crashed the party?”. Now I see a probability of retesting the bottom of this ascending triangle pattern (Golden Zone) because this ascending trendline was broken.by planfomo7
Bitcoin is ready to Fly ... or not?Bitcoin has reached the lower bondaries of the uptrend channel and it's rejecting it. If no negative news is released in the comming days, it is ready to go at least to the upper boundaries of the channel. We might see as a result a new all time high. On the other hand, if the trendline is broken, we might see a retracement to 64,500 price level which is the FVG shown on the chart. by Eliebf13223
BTC 4HHello traders hope you are enjoying our Analysis. Now we are here again with a new trading opportunity ,we will discuss today about BTCUSDT smart money concept analysis: Don't get caught in whale traps. What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the authorShortby IQgroupsUpdated 2
Bitcoin New Update Next Best Current Support Is Between ($64500 - $66600) BreakDown Will Lead A Flash Crash Till $60K With A Possible Wick Holding The Support Can Test The ATH($73777) Again Till Then, Make Sure To Use Proper StopLoss Bitcoin (Update) Next Best Current Support Is Between ($64500 - $66600) BreakDown Will Lead A Flash Crash Till $60K With A Possible Wick Holding The Support Can Test The ATH($73777) Again Till Then, Make Sure To Use Proper StopLossby OfficialCryptoTraders3
A Pool back and then btc at 78k Firstly, I'm still bullish. However, Right now we have btc at 70k. according to analysis price need a pool back and then we can consider a buy order until 76k to78k. Longby hamed-bUpdated 224
BtcHello friends, after a long time, I want to have an update on the status of Bitcoin. According to the price chart, the upward trend is growing on a line, and now we can consider two scenarios. One scenario for the price growth from here to 83 thousand dollars and a scenario to correct the price, which is dangerous in case of failure, we will have a correction up to 60 thousand dollars. With proper capital management, you can earn profit.by vahidzamani675
Sell BitcoinBitcoin has made another lower high, there's an opportunity to sell with a stop just above the last highShortby gon08Updated 1
BTC tradingGm... Today I will play the green zones on CRYPTOCAP:BTC , devided with levels where to take PP's or close... #trading #bitcoinLongby PA_Koala_C4
Chart Pattern Analysis Of Bitcoin After K1 break down the uptrend line, K2 tested it under low volume, It seems that the demand disappeared. If K3 test the uptrend for a second time under low volume and even close below K2, The risk for long-term holders will increase, It will be a good place to decrease long positions along the uptrend line, And stop loss set at the neck line. Sell-69500/Stop-70500/Target-62000Shortby nothingchangehereUpdated 4
Lets go baby72k is very strong resistance for last 3 month BTC could not break 72k if we break it with strong move we going to moon and nothing cant stop BTC as long as BTC is above 60k this idea can happenLongby BTCisgod113
Of Echo BubblesAn Echo Bubble is not a concept familiar to traditional finance traders. In Crypto, the concept was popularised by the famous trader known as GCR. It's the idea that a mini-bubble 'echoes' a previous big bubble in a subsequent time period. In 2019, Crypto markets saw a short-lived echo bubble that followed the 2017 rally. Given how immense the 2021 market grew, many traders anticipated a significant Echo Bubble. Many expected an echo bubble in 2024, and the real market boom cycle in 2025. Few however anticipated that a Bitcoin All-Time-High would be reached in the process. Many experienced traders who still suffered from bear market blues ended up on the sidelines of this rally. Many of these experienced traders continue to predict a pullback. Altcoins, including Ethereum, have still seen little momentum. Volumes remain well below 2021/22 levels. The consensus among crypto natives is that this is a 'boring' bull market so far. Yet, memecoins have continued to attract enormous market interest. Bitcoin displays surprising strength by continuing to push towards the $70k price level, even in the absence of new market catalysts. On the technical side, new narratives continue to build with restaking, zero-knowledge rollups, new Data Availability layers, and Smart Wallets all being touted as major new developments. Taking a step back, the macro picture may hold some clues. This week, the Federal Reserve’s policy committee, known as the Federal Open Market Committee (FOMC), decided to keep interest rates steady at 5.25% to 5.50%. This decision comes amid continuous inflation concerns, but the latest figures show signs of easing. Market hopes for possible rate cuts later in the year are high. The dollar becomes more expensive with higher interest rates, which causes investors to shy away from risky assets such as Bitcoin and Ethereum. Lower rates on the other hand drive more capital towards risk-on assets. Bitcoin and Ethereum both soared by around 4% after the latest inflation report. Traditional markets have also responded to this announcement, with the S&P 500 index and Nasdaq Composite index both rising by around 1% and 2% respectively on the news. Maybe markets as a whole see something that some experienced traders are currently missing: the setup is turning increasingly bullish. One way or another, the Federal Reserve will sooner or later lower rates. With elections looming, both major political parties in the US are becoming more open-minded about crypto. Particularly Republican candidate Donald Trump has stood out with much pro-crypto commentary over the last weeks. He is also the frontrunner for now. The Ethereum Spot ETF is also on track for a September launch. Clearly, the 'risks' seem to be leaning towards the up-side. If markets can look strong on the current low volumes, it will be interesting to see what can happen when things really start to move.Longby Coinrule1
Will BTC hold up for collection?Hello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As we can see, the price remains at the upper limit of the downtrend channel Let's start by determining the support line and as you can see, the first support on which the price is based is $66,150, if the support is broken, the next support is $62,510, then at $59,824, and then the fourth very strong support at the lower border of the channel at $56,532 . Looking the other way, there is significant resistance at $68,248, and then just above the downtrend channel, there is a strong resistance zone from $72,012 to $74,000. There is a visible downward trend on the RSI indicator, and each rebound gives room for another price drop, while on the STOCH indicator we remain at the lower limit, which should help maintain the price.by cryptodailyuk6
Bull flag to weekly resistanceBull flag breakout up to weekly resistance for Bitcoin. Longby jayrome9771
BTC LONG I will open long signal, if BTC show any sign of strong rejection from this area Take profits from everyone MIL:1K move, SL -1k from current price.Longby Professional-analyst2
BTC TF long ideaBTC price, if it doesn't break out of the FIBO 38.2% support level, the price has a chance to go up for another swing.Longby KhunlopTrader3
BTC DAILY: Inflation rates, CPI and FOMC todayBitcoin cleared nearest liquidity pool under ~66155 and closed above that level which might be a swing failure - bullish pattern. But too early to confirm that. Target for that bounce is May VAH zone + year VWAP VAH around 69.2k (for the wicks). These are conservative targets that assume rejection and pull back to 67600 at least with further consolidation. Today CPI and Inflation rates at 12.30 UTC and FOMC at 18 UTC time. That always cause extra volatility. As I wrote before, there was no correlation with global markets in this crypto dump. Stocks actually performed pretty well yesterday. And Dollar Index so far follows the drawn path I've shared two days ago. So I don't see any sufficient bearish pressure on BTC outside of crypto world. Bullish scenario comes into play if BTC find acceptance above year VWAP VAH. Nearest liquidity pools: above - 68256 / 68840 / 70400 / 72240 below - 66905 / 65760 / 64233 / 59960 Lines on the chart: 🔸73881 - ATH 🔸71363 - March close 🔸70393 - last W VAH 🔸69667 - week close 🔸68540 - last week close 🔸67577 - May close 🔸66239 - week close 🔸64025 - last April week close Trend: D ▶️ W 🔼 M 🔼 🤑 F&G: 72 < 74 < 72 < 75 < 72by WiseAnalyzeUpdated 3
#btcusdtIf btc break the support at $66199 , btc next target is $60000 But Btc might be bounce back from $66199 by DAY111
ICT Long setup BTCUSDT👋Hello Traders, Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Long setup in BTCUSDT for Swing trade. Please refer to the details Stop loss, FVG(Buy Zone),open for take profit. For more ideas, you are welcome to visit our profile in tradingview. Since an important news about USD is coming, so small lot then small risk! Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!Longby ICT_Trader_SB2
Bitcoin Possible Bullish MovementLiquidity grabbed on the previous low, bullish momentum in play, price heading to support, hopefully price bounces on the the support for bullish move. Note: Risk Management very IMPORTANTLongby habinelUpdated 5