BTC Demand Reclaim – Early Bullish Reversal Structure FormingPrice has delivered a strong reaction from the key demand zone after an extended bearish move, indicating that liquidity below has been absorbed and buyers are stepping in with strength. The sharp rejection from lows suggests this is not just a minor bounce but a meaningful response from institutional demand.
Market structure on the lower timeframe is beginning to shift, with price attempting to form a higher low after breaking the sequence of lower highs. This is an early sign of a potential trend transition from bearish to bullish. However, confirmation is still dependent on price sustaining above this reclaimed support and continuing to print higher highs.
The descending trendline overhead remains a critical dynamic resistance. As long as price trades below it, upside remains cautious. A decisive breakout with strong momentum would signal a change of character (CHOCH) and validate bullish continuation, potentially driving price toward higher liquidity zones.
Volume and momentum behavior also support the bullish case, as the recent move up appears more impulsive compared to the prior decline. This suggests buyers are becoming more aggressive, while sellers are losing control near the bottom range.
Cryto
Bitcoin SupportCryptos are crashing like anything.
I’ve used XABCD pattern along with ABCD pattern to find the the support of Bitcoin using Harmonics.
I’m expecting 35-40% more shedding of Bitcoin and may find support at precisely10600-10300 USD.
Target from there shall be atleast 41500.
This analysis holds if it breaks 16400 on daily closing.
Bitcoin diamond/BTC bitcoin diamond is great for long, above the level of 4800 (after the decimal). however, the market is volatile and cryptocurrency is always unpredictable.
BLong
Bitcoin dead cat bouning caused 487 point crash.. This was my today's article title on steemit...
I just warned against it , That bitcoin Ascending channel breaks anytime if this happens at 61.8% Fibonacci level then it will start again downfall..
An this was the Title of that article....
Caution!!! caution !!!Bitcoin Dead cat Bouncing ?? will like to fall again from $7509.6 level ??
Apart form that .... few bitcoins facts....
1. Bitcoin just making a ascending channel just when it will break will take downfall again...
2. RSI JUST NOW 64.43 WHEN EVER IT WILL BREAK ASCENDING CHANNELS OR HIT RSI 69 LEVEL OR 70 IT WILL MIGHT HAVE REVERSE BACK AS SHOWN IN EARLIER JULY TRADING SESSION.... SO BIT COIN IS AGAIN APPROACHING INTO SUPPLY ZONE.
3.On August series 19th of august MACD crossed and makes support from 6261$ level and bounce back this level and now trading around 7367$ level as of now writing this article.. shows it can turn anytime down side after reaching 7509 level
as it is already started less height of positive histogram and some weakness.
4.Although The 100DMA still supporting but when it will start downfall again it will act as resistance ....
CONCLUSION - ANALYZING ALL THESE TECHNICAL DAT WE CAN CONCLUDE THAT BITCOIN MIGHT BE PULBACK IF THIS ASCENDING CHANNEL BROKE OR TOUCH GOLDEN FIB LEVEL 61.8% I.E 7509.6$
THIS IS MY OWN TECHNICAL ANALYSIS DON'T trade before sure that you have made your own analysis to....
Please don't for get to share your valuable feedback and some facts that might have overlooked...
Here is the Link that was written.....
steemit.com








