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BTC Bitcoin Technical Analysis and Trade Idea👉🔍 In this analysis of BTC Bitcoin, we examine higher time frame charts that show a bearish trend with a retracement into resistance. I anticipate a possible sell opportunity given that the market is overextended and trading into resistance. It’s crucial to understand that this is speculative and not a guaranteed forecast. Watching for specific price movements to confirm a buy or sell is essential, as explained in the video. This video offers a detailed look at the trend, market structure, and price action. Keep in mind, this content is for educational purposes only, and trading carries significant risk. Always use robust risk management strategies in your trading practices. 📈🔔
Short
by fxtraderanthony
Important Weekly Update on Bitcoin.BTC Update in Weekly Timeframe. Chart Analysis Date: June 27, 2024 Pair: BTC/USDT (Binance) Timeframe: 1W (Weekly) Current Price: $61,125.21 Analysis: BTC/USDT is maintaining the $60k to $61k support range, which is crucial for continuing the bullish trend. A breach below this range could lead to increased selling pressure and a potential test of lower support levels of $44k to $47.5k. Conversely, if BTC holds this support and bullish momentum resumes, we could see a move toward the channel's upper boundary, targeting prices near $100k within this year. Key Observations: ~ Current Support: $60k to $61k. ~ Lower Support: $44k to $47.5k. ~ Price target by 2024: $100k. Conclusion: BTC must maintain the $60k to $61k support range to continue its bullish trend. A failure to hold this range may lead to a deeper correction. Eventually, BTC will rally $100k soon. If you find this post interesting then like, share, and comment. Regards, Team Dexter. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. #BTC #cryptocurrency
Long
by Dexter_The_Trader
4
BTC 2week trading strategy May 27- June 10No-need to hurry to enter the market until current futures contract expiration date on the 30th of May (vertical orange line). Also summer is usually not the best period for breakouts due to holiday season. Best-case: BTC price breaks through 69650 intraday resistance level confirming continuation of a short-term trend which started on the 1st of may (short violet dotted line). This trend will continue going upwards to break ATH or at least it will be transformed into a range between 66450 and 70500 before breaking ATH. Base-case: There will be a deeper pull-back to 64500, as a consolidation before ATH break. Overall the decline will be temporary and not too deep to break the medium-term trend which started on the 11th of Sep 2023 (long violet dotted line). Worst-case: Deeper pull-back to the current key supoprt zone (green rectangle) which will confirm that short-term and medium-term trends are over and the longer consolidation will be needed to break ATH (similiar to summer 2023). Trading strategy: Stop-limit at 69650 for the best-case scenario. however entering the market with 1/3 of max risk per trade limiting exposure to the worst-case of price locking in medium-term range (56500-72500) preserving flexibility to make another entry for base-case in case of a deeper pull-back to 64800, or after ATH break-out at a higher price. in case of the worst-case confirmed, reconsider whether it's still reasonable to hold the trade stop-loss below 50000 for a black-swan event to protect deposit from margin call. It is highly unlikely that this stop-loss will be trigerred accidently for the coming two weeks.
INDEX:BTCUSDLong
by Cassandra299
2
BTC Bitcoin Technical Analysis and Trade Idea📊 When we examine the daily and 4-hour charts for BTC Bitcoin, it’s evident that BTC is currently in a strong bearish trend. The price has been consistently moving downward. I’m keeping an eye out for potential trade opportunities that align with a trend continuation strategy. In our video, we delve into essential aspects such as market structure, price action, and a specific strategy based on Fibonacci retracement levels. Here’s a brief overview of what we cover: 📈 1: Market Structure: We analyze how Bitcoin’s price is behaving within the broader market context. Understanding market structure helps us identify key levels and potential turning points. 📈 2: Trend Analysis: By examining price movements, we determine whether the prevailing trend is likely to continue or reverse. In this case, we’re focusing on continuation. 📈 3:Fibonacci Retracement: Fibonacci levels provide valuable support and resistance zones. We look for potential entry points based on these levels. Remember that the content in our video is purely educational. It’s essential to approach trading with caution and not consider it as financial advice. Always conduct your research and make informed decisions.
Short
by fxtraderanthony
7
Whale Moves and Market Optimism: Potential Surge to $100,000Bitcoin continues to capture investors' attention with its price changes and large movements. Every rise and fall sparks more questions about its future and how it might affect the global economy. Recently, Bitcoin was traded at a price of $65,715, experiencing a small increase of about 1% in the last 24 hours, which sparked some cautious optimism among cryptocurrency enthusiasts around the world. This new confidence has been bolstered by the activity of major whales and long-term positive predictions. Some see this as an irreplaceable opportunity, while others warn against the danger of drifting behind illusions. Bitcoin seems to be at a key point that could be a good chance to buy, based on current conditions and optimistic market predictions. The rise in activity from big investors and their large purchases of Bitcoin show they believe in the currency's future, which could signal positive market trends. Also, over 70% of all open Bitcoin positions on Binance are bullish. A well-known crypto whale recently made headlines by buying 6,070 Bitcoin, worth about $395 million. This marks the whale's first major purchase in over 18 months. Renowned for strategic trading, this investor had previously acquired 41,000 Bitcoin during the 2022 market dip at an average price of $19,000 each. In a smart move, the whale sold 37,000 Bitcoin during the market upturn in 2023 and 2024 for an average price of $46,800 each, earning a total of $1.74 billion and over $1 billion in profit. This recent purchase reflects the whale's renewed optimism in Bitcoin’s future, suggesting potential significant price increases ahead. Due to recent activity and positive market predictions, Bitcoin seems to stand at an attractive buying point. The current support at the 100-day Exponential Moving Average and the lower edge of an ascending triangle pattern signals potential rises. It is expected that a bounce from these levels could soon push the Bitcoin price to $72,000, paving the way for a potential rise to $100,000 in the long term. I expect the Bitcoin price to rise by 30% in July, potentially exceeding $85,000, although current technical indicators lean towards a bearish trend. Therefore, if you are considering investing in Bitcoin, now might be a good time to consider buying, especially if you can handle volatility and have a long-term perspective. It is advisable to regularly reevaluate positions and take advantage of any significant price movements to reap profits or adjust strategies.
COINBASE:BTCUSD
by bbitar
Cautious Investment Strategies Amid Bitcoin Market VolatilityGiven the recent drop of Bitcoin below the $65,000 level, Bitcoin is currently experiencing downward pressure, with the price nearing critical support levels. In my view, these fluctuations suggest that the market may not be suitable for investors with a low risk tolerance. First Support Level: $63,000 – This level is an important point to monitor market reactions. If stabilization occurs at this level, buying interest that can be leveraged may appear. Should the price break through this first support and reach $60,000, the market should be carefully evaluated for entry as this area might be a potential turning point for recovery. This means that a gradual buying strategy can be implemented starting at $63,000 and increased if the price approaches $60,000, thereby enhancing the average entry price and reducing risks in the event of a sudden decline. Before buying, the anticipated risks should be identified and evaluated, and the market's readiness to receive lower price levels should be considered. External considerations such as economic developments, policy updates, and geopolitical conditions can significantly impact the market. These factors should be taken into account before making a purchase decision. Current analyses suggest a cautious approach to investing in Bitcoin. Investments should be carefully considered, focusing on support levels and using a gradual buying strategy to improve the average purchase price and minimize exposure to high volatility. If you prefer to avoid high risks, it may be wise to wait until the market shows stronger signs of stability and recovery.
COINBASE:BTCUSD
by bbitar
BTC Bitcoin Technical Analysis and Trade Idea👉 In this technical analysis and trade idea for BTC Bitcoin, we delve into the higher time frame charts which currently suggest a bearish outlook for BTC. Despite this, the price action hints at a potential reversal. It is crucial to understand that this is speculative and not a definitive prediction. We need to observe specific price movements to confirm a true reversal. The video covers an in-depth analysis of the trend, market structure, and price action. Please remember, this content is intended for educational purposes and trading involves substantial risk. Always prioritize robust risk management strategies in your trading decisions.
by fxtraderanthony
Crucial Week for BTC: Economic Data and Rate ImpactsAs Bitcoin enters a crucial week, macroeconomic events and Federal Reserve interest rate decisions play a significant role in determining Bitcoin's price trajectory. With a strong support level maintained at $66,000, there is an opportunity to buy if prices continue above this level. The Federal Reserve's conservative forecasts reduce the likelihood of a rapid interest rate cut, necessitating caution but providing a buying opportunity at strong support. Bitcoin's behavior in the near term is likely to be influenced by its ability to maintain the $66,000 level. A continuous break below this level could lead to further sell-offs, while maintaining it could attract buying interest, especially if macroeconomic factors remain favorable. Given the current levels and potential volatility, it is best to closely monitor price movements, especially how they behave around the $66,000 support and the $72,548 resistance. If you are looking for entry points, consider buying near the $66,000 support level if other signals align (such as a bullish RSI divergence or increased buying volume). The RSI is around 42, which is below the neutral 50 but above the oversold threshold of 30. This indicates that the market is not in a significantly oversold state, and there is potential for an upward move if investor sentiment improves. Setting a stop loss slightly below $66,000 could help minimize risks in case of a breakdown. Profit-taking near the resistance levels ($69,446 and $72,548) can be considered, or holding part of the position if the price breaks above these levels with strong trading volume. Recent Consumer Price Index (CPI) and Producer Price Index (PPI) data support high-risk assets like Bitcoin, showing a continued inflationary trend which may delay the Federal Reserve from making drastic interest rate decisions. Given the volatility of digital currencies, make sure to hedge your portfolio and diversify your investments to reduce risks. This week could be crucial for the future of Bitcoin's price and the digital markets in general.
COINBASE:BTCUSD
by bbitar
BTC Rejects $70K: Recovery Fails Following Fed AnnouncementBitcoin witnessed a strong rise above the $68,500 resistance area. It tested the $70,000 level, but after the Fed announced the interest rate hold at 5.5%, a strong bearish reaction was observed. Bitcoin started a new decline from the $70,000 resistance zone, and the price is now trading below $68,550 and the 100-hour simple moving average (SMA). Uptrend Line and Support: There is an uptrend line forming with support at $67,500 on the hourly chart of the BTC/USD pair. The price is facing resistance near the $68,250 level. This means there is sufficient buying pressure to prevent the price from dropping further. This level is considered a strong support based on previous price movements. Resistance Levels: The price is struggling to rise above the $68,250 level. This level acts as a barrier to upward price movement. Therefore, the first major resistance can be at $68,550, as this level is a key resistance point where the price is expected to face more difficulty in breaking through. Fibonacci Level: The 50% Fibonacci retracement level is used to identify potential support and resistance levels after a significant price move. In this case, the 50% Fibonacci retracement of the drop from the $69,969 high to the $67,148 low indicates that the $68,550 level represents half of the downward move between the high and the low, making it an important resistance level. Next Important Resistance: The next key resistance could be at $69,200, a level where the price might face strong selling pressure, making it harder for the price to rise. This level is an important resistance point to watch. A clear move above this resistance could push the price towards $70,000, a significant psychological level where investors might expect increased selling pressure. Further gains could drive Bitcoin towards the $71,200 resistance, which could act as a temporary stop or barrier to upward price movement. If this resistance is broken, it indicates that the market has sufficient strength to continue rising. Trading Recommendations: Buying Opportunity: If Bitcoin succeeds in rising above the $68,550 level, buying positions can be opened with targets at $69,200 and $70,000. As mentioned, the $70,000 level is a major psychological barrier and strong resistance in the market. It is crucial to place stop-loss orders below $68,000 to manage risk. Selling Opportunity: If the price fails to stay above the $67,200 support level and drops below it, this indicates weak buying pressure and increased selling pressure. In this case, the price could drop to $67,000, a nearby support level that might see some temporary stability. If the downtrend continues, the next target would be $66,000, a major support level that could offer a buying opportunity or other trading decisions. Investors should always keep an eye on global economic events and any statements from the Federal Reserve, as they significantly influence price movements. Relying on both technical and fundamental analysis is essential for making wise investment decisions in the volatile cryptocurrency market.
COINBASE:BTCUSD
by bbitar
$BTC TOWARDS $65,000 ?👨🏻‍💻 CRYPTOCAP:BTC UPDATE (Continue) 🔹#BTC is forming a rising wedge, which is a bearish pattern. 🔹If it follows this pattern, we can expect a price drop. 🔹The next immediate support for Bitcoin is at $67,000. 🔹Since it's the weekend, the market will be slow. 🔹Tomorrow is the weekly candle closing, and we can expect the closing to be green. - - - - - - - - - - - - - - - - - - - - - - Follow #CryptoEase and Share it With Your Crypto Mate 😉 BINANCE:BTCUSDT
BITSTAMP:BTCUSDLong
by CRIPTOEASE
BTC Bitcoin Technical Analysis and Trade Idea - Where To Next?In thist video, we present a concise analysis of BTC Bitcoin. After recent bullish momentum, the asset has become overextended trading into resistance, and we are now seeing a significant retrace into support. Our primary objective is to pinpoint an appropriate buy entry point within this critical support zone, assuming that price action aligns with our analysis from the video. As always, the video offers valuable insights into trade entry points, trend analysis, market structure, and price action. It’s important to note that this content serves an educational purpose and should not be interpreted as financial advice. 📈🚀📊
Long
by fxtraderanthony
5