🎄 Hope everyone had a wonderful holiday and Christmas season! 🎄 As we step into 2025, let's analyze the BTCUSD market with a macro lens, integrating technical levels that could shape the next moves. 🚀
🌟 Current Market Context Bitcoin remains in a bull market, and the structure suggests that higher prices are likely in the medium-to-long term. However, short-term corrections may still occur, offering opportunities for strategic entries. Here's my roadmap for the weeks ahead:
📊 Key Levels to Watch Local Range High & Low (White lines):
These define the immediate support and resistance levels for BTC. A breakdown toward the Local Range Low (~$92,000) could present a buy opportunity, especially if we see strength. Monthly VWAP (Green line):
The level at $93,100 aligns with a potential long setup if BTC retraces to this zone. A confluence of strength here could mark the start of the next leg upward. November VAL (Purple line):
This level holds significance due to high November volume, the second-largest after March's explosive candle. I expect these levels to act as strong support in the medium term, particularly around $86,500. Weekly Level ($104,700) & Daily NPOC ($105,300) (Yellow lines):
These are potential zones for short-term pullbacks on smaller timeframes. I’ll monitor these closely for any rejection signs. CME Gap (Blue line):
With a gap at $77,900, BTC has an underlying magnet. While unlikely in a strong bull market, gaps hold significance for longer-term setups. 🐝 Harmonic Pattern in Play A bullish harmonic pattern is developing in the local range. The pattern supports the thesis for a temporary bullish bounce and aligns with my macro view for higher BTC prices.
🛠 Strategy & Plan Short-Term (Hours to Days):
Watch for strength around $93,100 (Monthly VWAP) for a long entry. Immediate targets: $99,600 (Local Range High) and $104,700 (Weekly Resistance). Medium-Term (Weeks to Months):
Respect the November VAL (~$86,500) for any potential deeper correction. The overall structure supports continuation to $104,700+, with potential to fill higher targets beyond $110,000. 🧠 The Bigger Picture Markets remain dynamic, and as always, new information changes everything. None of us have a crystal ball, but respecting key levels and trading with a plan allows us to adapt to the market's rhythm. 📈
🌐 A Quick Shoutout I've also added my project website Sawlana.com and the official Twitter (@SawlanaOfficial) to this post. This is my way of sharing the journey of SWA, a 100% fair-launch meme coin running on the Solana blockchain. 🚀 Feel free to explore if you're curious about the future of memes in crypto. 😉
Let’s make 2025 an amazing year for trading and innovation! 💪
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