#BITCOIN is fine, Don't panic!Bitcoin continues to trade within a descending channel, with the current weekly candle showing a 7.17% drop, rejecting near the $65,000 resistance level.
The price has entered a Weekly Fair Value Gap (FVG) between $60,000 and $62,500, where we might see some buying support.
(FVG sare levels of liquidity gaps which the MMs eventually take before continuing the uptrend)
Explained more in my previous BTC/USDT Chart
However, a break below the invalidation level at $57,466.09 could lead to further downside towards the channel support.
Bulls need to HOLD the FVG to initiate a bullish breakout.
Invalidation Level:
An invalidation point is marked around $57,466.09. If the price breaks below this level, the bullish scenario becomes invalid, and further downside action is likely to follow.
There's also 200 MA support around the $59.8k level.
This is an important level to keep an eye on!
I think we will see a relief soon!
NOTE:-
Stop panicking! When the market pumps, everyone wants a dip, but when the dip comes, fear takes over. This is often a sign you're taking on more risk than you can afford.
Stay calm and focus on Altcoins, which often bounce hard after corrections. While Crypto Twitter was expecting a green October, the market makers threw in a surprise to start the month.
Expect a few days of downtrend and consolidation, followed by daily green candles.
That’s my view, not financial advice!
Let me know your thoughts in the comment section and do hit the like button sp it reaches more souls who need to read this!
Thank you
#PEACE
BTCUSDTPERP
#BTC Next Resistance Zone📊#BTC Next Resistance Zone🔥
🧠From a structural perspective, we had a good rebound after reaching the support zone, and the short-term resistance zone is 62277-62939. There is usually a pullback when we first get here, and if we want to reverse the downtrend, we still need to build a long structure on the hourly level.
Let’s see 👀
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BINANCE:BTCUSDT.P
Bitcoin (BTCUSDT) Short Trade Setup: Key Levels and TargetsThis chart shows a short trade setup for Bitcoin (BTC/USDT) with clearly marked Entry, Stop Loss (SL), and multiple Take Profit (TP) levels by using the Risological swing trading indicator.
Here’s an analysis of the current situation:
Entry: The short trade entry was triggered at 64354.7 USDT.
Stop Loss (SL): The stop loss is placed at 65437.3 USDT, which is slightly above the resistance level to limit potential losses if the price reverses upward.
Take Profit (TP) Levels:
TP1: The first target is 63016.5 USDT.
TP2: The second target is 60851.1 USDT, and the price has already hit this level.
TP3: The third target is set at 58685.8 USDT.
TP4: The final target is 57347.6 USDT.
Current Price Action:
After entry, Bitcoin has experienced a downward move as expected, already hitting TP2.
The market is showing some consolidation, which may indicate a temporary pause before continuing its downward momentum.
Trade Management :
If the price breaks below TP2 again, the short trade could potentially hit TP3 and TP4, providing an opportunity for more significant gains.
If there’s a reversal, traders should be cautious and manage the trade accordingly, potentially moving the stop loss to breakeven to lock in profits.
This short setup appears to be progressing well, and if the bearish momentum continues, it may hit the lower take profit levels soon.
#BTC rebound has been achieved📊#BTC rebound has been achieved✔️
🧠From a structural perspective, we rebounded as expected after reaching the yellow support zone. A good response is the winning rate. Whether you can make big profits depends on whether the market can give you a chance. Of course, moving the stop loss up to expect more in a low-risk or risk-free way is an essential trading skill in the trading process.
⚠️But from the perspective of the correction cycle, the correction cycle here is getting larger, which means that the upward trend at the previous 4-hour level may end, so we need to be alert to the possibility of further adjustments. The next stage support area is 61589 -61945
Let’s see 👀
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$BTC is poised to reach $115,000 in the next 9 months! Read WHY!You're aiming for $200k and beyond, but let’s keep it simple and realistic. If BTC hits $115k, altcoins could surge by 20x or even 50x! You just need to play it smart.
Now, let’s break down this simple chart!
Liquidity acts like a magnet! When a big green candle prints, it’s likely that, after a few more candles, the price will move to capture the liquidity from that same candle. Bitcoin has been following this pattern for the past 7 months, inching forward slowly, bit by bit. This is exactly how the whales are accumulating!
The August monthly candle closed at $58,963, and the current candle is set to close in about 4 hours, likely above the August close, forming a beautiful hammer pattern. This is a strong bullish signal!
When you’re unsure about what’s coming or just making wild guesses, remember—this is simply TA based on Price Action. No fancy indicators, just the facts.
Speaking of indicators, the RSI is currently around 63.13, and in every bull run, it eventually climbs up to 92, entering the overbought zone.
So stay strong and stop crying over 10-20% dips in altcoins.
If you can’t handle these corrections, you don’t deserve the 10x gains either.
Keeping it simple, the next 6 months are going to be amazing. Now is the time to position yourself in solid Altcoins and BTC.
After every halving, there's typically a 5 to 6-month consolidation phase, which you can clearly observe on the charts. We’re following the same pattern right now! Things are heating up, but you might not notice if you're only focused on 15-minute candles. Zoom out, and everything will become much clearer for you to understand.
I hope you get some light from my charts, If you do please hit that like button and share this chart with your crypto friends.
Thank you
#PEACE
#BTC Bullish Wolf Wave📊#BTC Bullish Wolf Wave📈
🧠From a structural perspective, we have made corrections according to the double top short structure. At present, all the goals of this structure have been achieved, and we have also reached the yellow support zone, so we need to be alert to the occurrence of a rebound.
➡️From the perspective of wave theory, we may form a bullish wolf wave here. Generally, the appearance of this wave model means that the trend is coming to an end, so we can also look forward to the occurrence of wave 5.
Let’s see 👀
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BINANCE:BTCUSDT.P
Fear swallows opportunity.It is very difficult to enter a long position in the section where the rising and adjusting harmonics are identified.
However, if you remove fear and greed from the current section, it can provide a very good profit opportunity.
The rising 5-wave that has been built over a long period of time is stronger than the short-term adjustment patterns.
I plan to give up high leverage and seek profit opportunities with stable leverage.
#BTC Double Top Bearish Structure📊#BTC Double Top Bearish Structure📉
🧠From a structural point of view, we have built a bearish double top structure near the resistance line, but because the main trend is bullish and has not yet reached the heaviest resistance area, we will be bullish and will not easily go short before reaching the heaviest resistance area.
➡️If we make a correction according to the double top bearish structure, the target area of this structure overlaps with the yellow support area, and the overlapping part is regarded as a valid support area. It is reasonable to try some long orders here.
⚠️If an extreme market occurs, then you can pay attention to the next support around 63800
Let's see👀
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#BTC Next Strong Resistance Zone📊#BTC Next Strong Resistance Zone🔥
🧠After we break above the blue resistance zone, the blue resistance zone turns into support zone. From a structural point of view, the target zone for the long structure built in the support zone is 67261-68781, combined with the small long structure, the heaviest resistance zone is 67261-67666.
➡️If we go straight up from the current price, there should be a good reaction to the first arrival of this area.
➡️If we go down as expected, then the price can consider participating in some new long trades when it returns to the support zone again.
Let's see👀
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BINANCE:BTCUSDT.P
#BTC breaks through the complex consolidation phase📊#BTC breaks through the complex consolidation phase📈
🧠We are consolidating back and forth between the blue resistance zone and the yellow support zone, indicating that the divergence here is very large. After a long period of consolidation, we have digested the selling pressure here, and now we have chosen to break upward. But it is very close to the next resistance area of 65175-65600, so it is unreasonable to chase the increase. If we can return to the yellow support area again, we can consider participating in some long transactions.
Let’s see 👀
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BINANCE:BTCUSDT.P
Bitcoin Roadmap!!!==>>Short term!!!Bitcoin is moving in the Resistance zone($64,140-$63,820) near 200_SMA(Daily) , and it seems that Bitcoin failed to break 200_SMA(Daily) for the second time .
According to the Elliott wave theory in the 15-minute time frame , Bitcoin seems to have finished main wave 3 ( extended wave ) and is completing main wave 4 . One of the signs is the completion of the main wave 4, the support line break .
I expect Bitcoin to fall at least to the Potential Reversal Zone(PRZ) . If the 1&4 hour candle closes below $63,000 , I expect Bitcoin to break even with the Support zone($62,720-$62,350) and the lower line of the ascending channel .
⚠️ Note: If Bitcoin can break above the Resistance zone($64,140-$63,820) this time, I expect Bitcoin to rise to at least $65,400 and even higher. ⚠️
Bitcoin Analyze (BTCUSDT), 15-minute frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Could Bitcoin Remain Under $65K by the End of September?BTC technical analysis update
BTC is facing strong resistance at FWB:65K , with the price being rejected multiple times at this level. We can expect a small correction or a sideways move below FWB:65K resistance before a potential breakout. Bitcoin may move sideways or bearish before October begins, but a strong bullish rally is expected in October, as the month has historically been positive for Bitcoin.
Bitcoin Analysis==>>Bull Trap==>>Short termBitcoin is moving near the Resistance zone($64,140-$63,820) and 200_SMA(Daily) .
I expect Bitcoin to at least drop to the Support zone($62,720-$62,350) after it passes a Bull Trap. And if the Support zone($62,720-$62,350) breaks, we should wait for Bitcoin to attack the lower line of the ascending channel .
Note: If Bitcoin breaks the Resistance zone($64,140-$63,820), we can expect more pump to the next Resistance zone($66,130-$64,900)
Bitcoin Analyze (BTCUSDT), 15-minute frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
#BTC Potential Double Top Structure📊#BTC Potential Double Top Structure📉
🧠The rebound in the support area has been achieved, and it began to fall back after testing the resistance area of 63800-64000 again. Our long orders yesterday were set to risk-free after reducing holdings by 50% in this resistance area, but were eventually swept away.
From a structural perspective, if we can fall below the inflection point of 62688, it means that the double-top bearish structure is established, which means that we have the opportunity to go near the neckline buying zone. Therefore, the short order we obtained in the resistance zone has locked in the main profit, and then we will look forward to this possibility happening. 📉
Let’s see 👀
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BINANCE:BTCUSDT.P
Btc Full UpdateBtc did very well inthe month September as well But now it is below the bog cluster of resistance. I am expecting rejection from this area then straight dump to 61.5K. If price holds this then its good otherwise it can come down more towards 58K which is my swing long idea.
In simple words Short from 65.5K and long from 58K.
Bitcoin's Healthy Uptrend Faces Critical Test—Is It Time to Sell
Bitcoin's recent rally has followed a well-defined and healthy uptrend, with the trendline offering strong support. This suggests a sustainable bullish momentum. However, for this healthy trend to continue, Bitcoin will soon need to retest its trendline support.
Should the test confirm strength in the trendline, the next significant resistance level is projected to be near 68K. On the other hand, if the trendline is breached, we can expect a short-term downside move towards the 60K-59K range, which marks the previous high during the first trendline test, and it should be treated as a potential support zone.
Given this outlook, the prudent trading approach for Bitcoin at this stage is to adopt a sell strategy, anticipating a short-term correction.
#BTC resistance zone turns into support zone📊#BTC resistance zone turns into support zone✔️
🧠We finally chose to break upward, and our short order was swept away after setting breakeven. The breakthrough of the resistance area means that this area will transform into a support area. Now we are testing this area again. There is a probability of rebounding from here. I am eager to break through the inflection point of 65175.
Let’s see 👀
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BINANCE:BTCUSDT.P