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BTCUSDT.5S trade ideas

Bitcoin (BTC) technical and fundamental analysis📈 Technical analysis BTC/USDT During the corrective movement, the price of Bitcoin reached all three targets from our previous review: the Imbalance 4H zone, the Imbalance 1D zone, and the support level of 57,000. The recent downward wave in the price of BTC was driven by the reluctance of the US Federal Reserve to lower the key interest rate and the outflow of funds from US spot Bitcoin ETFs. Consequently, the price consolidated below the EMA 50 4H line and corrected to the 0.78 Fibonacci level. In the near future, we anticipate sideways movement with possible rebounds for a retest of the descending trendline resistance. In case of further correction, the next target for the price decline of BTC could be the Imbalance 4H zone at 53,000 - 56,000. Significant volume gaps exist at horizontal trading volume levels in this zone, which need to be filled by trading activity. Additionally, below this zone lie the trendline support, the dynamic support line EMA 200D, and the psychological level of 50,000. If they fail to hold against selling pressure, the price may decline to the next Imbalance 1D zone at 44,000 - 47,000. For the resumption of growth, Bitcoin's price needs to overcome the dynamic resistance line EMA 50 and consolidate above the descending trendline. In this scenario, the path will open for the price to retest the historical maximum in the area of the significant resistance block at 73,000 - 75,000. 📉 Bitcoin market global analysis Despite the recent decline, Bitcoin is still in an upward trend. It's worth reminding that BTC has demonstrated almost uninterrupted growth since 2023. Now, the market needs a correction at least to the 0.38 Fibonacci level, where Bitcoin's price can test the 200-day moving average. Historically, halving events increase investors' risk appetite and shift their focus to altcoins. This is evidenced by the fact that during the last halving, Bitcoin's dominance index reached 57% and then sharply declined. During this period, Bitcoin's price may remain in a sideways movement with high volatility for quite some time. After the completion of the correction, we expect a gradual resumption of growth, as seen during previous cycles after halving. Above the current all-time high, there are no more resistance levels based on historical data. Therefore, to determine growth targets, we will use trendlines, Fibonacci extension levels, and analysis of accumulation of large order blocks in exchange order books. We have a local ascending trendline, relevant since November 2023. Its test could occur around the 75,000 level, confirmed by a significant block of pending orders. Above, in the range of 80,000 - 90,000, lies the global trendline constructed based on the peaks of the two previous Bitcoin cycles. There lies the 1.38 Fibonacci extension level as well. The highest trendline is in the range of 1.61 - 1.78 Fibonacci levels, and its test could start from the 100,000 level. 💠 Analysis of zones and levels for making trading decisions Fear and Greed Index is currently in the neutral zone at 48. The total cryptocurrency market capitalization has fallen to $2.156 trillion, and Bitcoin's dominance index has decreased to 54.22. According to the analysis of accumulation of large order blocks in exchange order books, the demand and supply zones are located at the following levels: 🟢 Demand Zone: 48,000 - 56,000 🔴 Supply Zone: 70,000 - 80,000 Levels for long positions: 55,000 - major support block 52,000 - retest of the EMA 200D line and trendline 50,000 - psychological support level Levels for short positions: 70,000 - retest of the resistance trendline 75,000 - major resistance block 80,000 - major resistance block 📊 Fundamental analysis The fundamental reasons behind the current decline in Bitcoin are: - Reluctance of the US Federal Reserve to lower the key interest rate. - Outflow of funds from spot Bitcoin ETFs. - Selling pressure from Bitcoin miners. - The prison sentence of Changpeng Zhao, the founder of the largest cryptocurrency exchange Binance. On April 20, the long-awaited Bitcoin (BTC) halving occurred, resulting in a halving of the block reward and miners' incomes dropping to 14-month lows. Experts believe that the risk of miner capitulation is increasing along with the decline in the price of Bitcoin. If the price continues to fall over the next few days and the decline extends for several weeks, major miners may face the need to initiate large-scale sell-offs to hedge their risks. On May 1, the outflow from spot Bitcoin ETFs reached $563.8 million. The iShares Bitcoin Trust (IBIT) fund managed by the world's largest asset manager BlackRock lost $36.93 million. The outflow of funds for the previous trading day was the highest since January. While many experts view this as the beginning of a bear market, the key on-chain metrics indicate that it is simply a correction and the long-term outlook for the digital asset remains bullish. Long-term holders mostly anticipate further Bitcoin price growth. 🌐 Upcoming Events in the Global Economy We expect increased volatility in both stock and cryptocurrency markets on the following dates: ➤ May 9th, 3:30 PM - US Unemployment Data. ➤ May 15th - US Consumer Price Index (CPI). ➤ June 12th, 9:00 PM - New Decision on Federal Reserve Interest Rates. ➤ July 31st, 9:00 PM - New Decision on Federal Reserve Interest Rates. 📈 Statistics of signals from our AI trading indicator: Our trading indicator, as always in advance, predicted the current price action and gave the most profitable entry points into positions with minimal risk. Thanks to the latest updates, maximum take profit levels have already been taken, and the price movement according to the latest signals on the spot was: BTC +10.46% ETH +12.71% SOL +14.82% In addition, I would like to share the forecast of the latest Bitcoin price action by our AI, which not only indicates the direction, but also builds the trajectory of further price movement:
by TradeINEX
BITCOIN BROKE THE TIGHTENING BEARISH MOMENTUM WHAT'S NEXT?HELLO TRADERS. As you already know those who followed my previous post about Bitcoin remember that I said if it breaks 63440 to the upside a Bullish trend might start, well thanks to the news events here it is. On 4HR chart given in this one you can see price has broken the bearish trendline along with 1st Daily Horizontal Support that I marked and is being headed for the second one, my big idea about this breakout is let's wait for a nice sweet time consolidation on 4HR after that breakout or retest of the 1st Horizontal Support when one of these things happens and we see another breakout to the upside then we trade bullish momentum until it reaches weekly supply zone or worse a reversal happens
Long
by vipulchauhan763
2
Bitcoin Update on 15.05.2024Bitcoin Update on 15.05.2024 A.O.A And Good Morning To All Brother and Sisters! Today Is Important Day. CPI number Day. And Bring a Lot Of Volatility. And Maybe The Right Day To Complete our Retracement. Take In Mind All Arrows. These are The Main Resistance and Supports. Retracement Level On Weekly TF is 54613. If We Touch This Level then We Have Finally The Direction After Reversal Confirmations. Today I Suggest Again To Sit Back And Wait Closing Daily Candle. Because CPI Number Bring a Lot Of Volatility. Wish You All Very Nice Day.
by MoonTradingForecast
Look at the big pictures. Ready for a big short to USD 34500 Liquidation again at USD 34,500 before bitcoin's astronomical increase would be a realistic approach. Liquidation of large amounts of long positions is required before this increase. I think this return will occur with a reverse SHS formation. It is necessary to see the big picture. **Disclaimer for Crypto Trading:** Trading cryptocurrencies carries inherent risks, and it's important to understand the following: Cryptocurrency markets are highly speculative and can be subject to extreme volatility. Prices can fluctuate significantly within short periods, leading to substantial gains or losses. Investing in cryptocurrencies involves the risk of total loss of capital. Unlike traditional assets, cryptocurrencies are not backed by any tangible assets or central authority, making them inherently risky. Regulatory uncertainty and market manipulation are additional risks associated with cryptocurrency trading. Regulatory changes or negative news can have a significant impact on prices. This analysis is for informational purposes only and should not be construed as financial advice. It's crucial to conduct thorough research and consult with a qualified financial advisor before making any investment decisions in the cryptocurrency markets. By using this analysis, you acknowledge and accept the risks associated with cryptocurrency trading and agree to trade at your own discretion. The author of this analysis shall not be held responsible for any losses incurred as a result of using the information provided.
Short
by ysfknnn
1
long-term bullish trend can be expected.Since the beginning of 2023, the Bitcoin price has witnessed strong buying pressure and the price has surged by 270%. It recorded an all-time high of $73,808 on March 14, 2024, and underwent a correction phase. The price has been defending the major support level of $61,000 from the beginning of March. In the first week of May, the asset price slipped below the major support level but buyers were strong enough and lifted the price over the $61,000 hurdle. At press time, the Bitcoin price traded at $60,957.00 with an intraday gain of 0.13%. The market capitalization is $1.19 Trillion and the fully diluted market cap is $1.27 Trillion. The 24-hour trading volume is $26.12 Billion and according to the volume, it ranks 2nd in the cryptocurrency market. Bitcoin price has been defending the major support level of $61,0000 and trading at the same level at the time of writing. The buying trend has halted near the $70,000 hurdle and declined by forming lower lows and lower highs. BTC price has formed a bearish candlestick pattern at the falling trendline. Suppose the sellers show interest and the price starts trading below the major support level of $61,000, selling pressure can be seen and melt to the 200-day EMA. If the asset price fails to defend the 200-day EAM, most of the investors may prefer to book profit which may lead to a strong selling pressure. On the other hand, if the Bitcoin crypto price triggers a breakout from the trendline and sustains then the buyers may show interest and may gain bullish momentum. Assuming this buying momentum is supported by the trading volume, buyers may eye for a new all-time high, and a long-term bullish trend can be expected. Based on the chart structure, the major support level is $61,000 and another support level would be $52,000. If the price gains bullish momentum then it could be interrupted near the $71,000 hurdle and another resistance level would be $80,000.
Long
by Yash_Jain_1309
An Analysis of Bitcoin: Unveiling the Macroscopic TrendsIn the vast landscape of financial markets, Bitcoin stands as a beacon of innovation and volatility. Its journey from obscurity to mainstream recognition has been nothing short of remarkable, captivating the attention of investors, speculators, and analysts alike. Delving into the depths of its price action, we embark on an analysis that transcends the minutiae of daily fluctuations, focusing instead on the broader canvas of macroscopic trends. Bitcoin, the pioneering cryptocurrency, operates within a decentralized framework, free from the shackles of traditional financial institutions. This inherent autonomy infuses Bitcoin with a unique character, prone to wild swings and meteoric rises. Understanding its movements demands a blend of technical prowess, market sentiment analysis, and a keen eye for broader economic trends. At the heart of our analysis lies the examination of larger time frames, where the ebbs and flows of Bitcoin's price action reveal profound insights. Zooming out from the noise of hourly or daily charts, we discern the formation of significant patterns and trends that span weeks, months, or even years. Employing technical analysis tools such as moving averages, trend lines, and Fibonacci retracements, we chart the trajectory of Bitcoin's price movements. Through this lens, we identify key support and resistance levels that serve as pillars in the edifice of price discovery. These levels, when breached, often herald significant shifts in market sentiment, triggering cascading effects across the cryptocurrency landscape. Accompanying our technical analysis is a thorough examination of fundamental factors that influence Bitcoin's valuation. From regulatory developments and institutional adoption to macroeconomic trends and geopolitical tensions, a multitude of variables can sway the market sentiment towards or against Bitcoin. Crucially, risk management remains paramount in any analysis of Bitcoin or indeed any financial instrument. While the allure of potential gains may be enticing, prudent investors always consider the downside. Setting stop-loss orders and defining clear profit targets mitigate the inherent risks associated with trading or investing in Bitcoin. It is imperative to recognize that this analysis serves as a guide rather than a guarantee. The dynamic nature of financial markets ensures that no prediction is infallible. Therefore, it is prudent to consult with a qualified financial advisor before embarking on any trading or investment strategy. In conclusion, the analysis of Bitcoin in the larger time frame unveils a tapestry of trends and patterns that shape its trajectory. By blending technical analysis with an understanding of fundamental drivers and a disciplined approach to risk management, investors can navigate the tumultuous waters of cryptocurrency markets with greater confidence. However, prudent caution and professional guidance are indispensable companions on this journey of discovery.
by Sanil1912