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BTC/USDT Analysis – Consolidation After Sharp Sell-OffOverview: - Bitcoin has experienced significant volatility, with a sharp decline from recent highs near $103,000 followed by a partial recovery. Currently, the price is consolidating below the $98,000 resistance level, signaling indecision in the market. Key Levels to Watch: - Resistance: - Immediate resistance at $98,000. - A stronger supply zone is visible around $100,000. - Support: - Key support levels lie at $95,000 and $92,000, where buyers have shown strong interest during the recent dip. Market Structure: - Trend: - Short-term: Bearish due to the sharp sell-off and rejection near resistance. - Medium-term: Neutral to slightly bullish, as the higher lows from prior sessions remain intact. - Candlestick Patterns: - The long lower wicks during the dip indicate buyer absorption near $92,000–$95,000. - Recent candles show consolidation, suggesting market indecision ahead of a potential breakout. Potential Scenarios: - Bullish Case: - A breakout above $98,000 with strong volume could lead to a retest of $100,000, with potential upside toward $103,000. - Bearish Case: - Failure to reclaim $98,000 could result in a retest of $95,000 and $92,000. A breakdown below $92,000 might accelerate selling pressure, targeting $90,000 and lower levels. Trading Strategy: - For Long Positions: - Entry: On a confirmed breakout above $98,000. - Stop-Loss: Below $95,000. - Targets: $100,000 and $103,000. - For Short Positions: - Entry: On rejection at $98,000 or $100,000. - Stop-Loss: Above $100,000. - Targets: $95,000, $92,000, and $90,000. Conclusion: - BTC/USDT is at a critical juncture. A decisive move beyond $98,000 or below $92,000 will likely define the next major trend. Traders should exercise caution and ensure proper risk management given the current volatility.
by EliteTradersChoudharyJI
1
#BTC/USDT Bulls Gather Momentum: A Potential Price Surge AheadThe #BTC/USDT pair has recently undergone a significant event, testing a key trend line and subsequently bouncing from it. This bounce has coincided with the formation of a bullish divergence, indicating a potential trend reversal and the beginning of a bullish phase for Bitcoin. The current price action suggests that #Bitcoin is now poised to retest three critical resistance levels at $62600, $67200, and $71000. If these levels are successfully breached, it could pave the way for a move towards the $85,000 target. The successful breakout above these resistance levels would confirm the strength of the bullish momentum and could attract further buying interest from traders and investors. However, it's important to monitor the price action closely, as failure to break above these levels could lead to a continuation of the current consolidation phase.
BINANCE:BTCUSD.PLong
by crypto_vulture_signals
BTC/USDT 4h analysis and setup {NEXT BIG MOVES PREDICTED}Hello Traders👋 Today i have made a post on BTC/USDT 4h I hope you find this post helpful and informative👍 The targets and stoploss would be given in the charts or they would be according to pivot points Thank You —DISCLAIMER— I am not a SEBI registered financial advisor Please consider your consultant's advise a must , all the setups posted here will be considered as informative and educational post I shall not be responsible for your profits and losses
by profitpujari
BTC/USDT hourly chart analysisHello Traders👋 Today i have made a post on BTC/USDT hourly timeframe I hope you find this post helpful and informative👍 The targets and stoploss would be given in the charts or they would be according to pivot points Thank You —DISCLAIMER— I am not a SEBI registered financial advisor Please consider your consultant's advise a must , all the setups posted here will be considered as informative and helpful post I shall not be responsible for your profits and losses
by profitpujari
Bitcoin (BTC/USDT) Symmetrical Triangle Analysis: Next Move?Bitcoin (BTC/USDT) 4H Chart Analysis Key Observations: 1. Symmetrical Triangle Pattern: The chart shows a symmetrical triangle formation, characterized by converging trendlines. This pattern typically signals a breakout, but the direction (up or down) depends on market momentum. 2. Current Price Action: BTC is trading around $102,979.98 at the time of the chart. It is above the 200 EMA ($100,003.64), indicating bullish strength. The price recently bounced off support and is moving towards resistance. 3. Support and Resistance Levels: Support: Around $97,785.55 (blue line). Resistance: Around $109,636.60 (blue line). 4. Potential Scenarios: Bullish Breakout: If BTC breaks above the upper trendline, it may rally towards $109,636.60 or higher. A confirmed breakout could push BTC to $112,500+. Bearish Breakdown: If BTC rejects at resistance and breaks downward, it could retest the $100,000 level or lower. A breakdown could target $97,785.55 or even $95,000. Final Thoughts: Watch for a breakout or breakdown from the triangle pattern. Volume is crucial—a high-volume breakout confirms strength, while low volume can indicate a fakeout. If BTC stays above $100,000 (200 EMA support), the bullish bias remains intact.
by MrStellanSight