This asset has relatively low correlation with Bitcoin and remains in an uptrend. A long position is considered upon a test and buyer reaction in the $1.2-$1.12 zone , with an initial target of $1.4.
Only up and up. We have reached a suitable place for correction, on a daily time frame. I think there is a pretty good opportunity for Selling from this level.
The setup never triggered today and also confirmed why I passed on the trade yesterday. the odds of taking positions when the Nasdaq is on a sell signal are not good.
Bitcoin (BTC/USDT) – Bullish Momentum Building Towards $92,325 ? Overview Bitcoin (BTC) continues its strong bullish trend, breaking through key resistance levels and maintaining a steady upward trajectory. The market sentiment remains optimistic, fueled by institutional demand, ETF inflows, and macroeconomic conditions favoring risk-on assets. Currently, BTC is trading around , with a strong technical setup indicating a potential rally toward the next major resistance at $94,325. Technical Analysis 1. Price Action & Trend Analysis • Bitcoin has been forming higher highs and higher lows, confirming a sustained uptrend. • The 50-day EMA is providing strong dynamic support, with price consistently bouncing off this level. 2. Key Resistance & Support Levels • Support Levels: o $81,000 – Major support (previous resistance turned support) o $78,000 – Strong demand zone (historical accumulation area) • Resistance Levels: o $82,500 – Short-term resistance o $88,000 – Psychological level o $94,325 – Target level based on Fibonacci extension and previous price structure 3. Indicators & Momentum ✅ RSI (Relative Strength Index): Hovering around 65-70, suggesting strong momentum without being overbought. ✅ MACD (Moving Average Convergence Divergence): Bullish crossover above the signal line, confirming buying strength. ✅ Volume: Increasing volume on up-moves, indicating institutional accumulation. Fundamental Analysis ? Bitcoin ETF Inflows: Growing institutional demand through Bitcoin ETFs is adding significant buying pressure. ? Federal Reserve Rate Outlook: A potential shift towards rate cuts may lead to increased liquidity, favoring BTC’s upward movement. ? Global Adoption: Recent regulatory clarity and increasing corporate adoption continue to support Bitcoin’s long-term bullish case. Conclusion Bitcoin remains in a strong bullish uptrend, with technical and fundamental factors aligning for a move toward $94,325. Traders should watch for healthy pullbacks and higher low formations as potential entry points. As long as BTC holds above key support levels, the long-term uptrend remains intact. Short-Term Target: $82,800 Mid-Term Target: $88,000 Long-Term Target: $92,325
Contrary to expectations and the defense of the local low, buying pressure failed to resume fully, leading to a decline. Currently, we are approaching the buyer's zone at $84,400-$82,900 (accumulated volumes)—monitoring the reaction at this level is crucial. From a wave analysis perspective, the local uptrend has been broken, and short positions are now the priority. A sell zone has formed above the current price at $86,000-$87,200, where we anticipate a continuation of the downward movement. Another short entry point would be a false breakout of the local high at $88,800. Sell Zones: $86,000-$87,200 (absorption of buyer's market aggression) $95,000-$96,700 (accumulated volumes) $97,500-$98,400 (pushing volumes) $107,000–$109,000 (volume anomalies) Buy Zones: $84,400-$82,900 (accumulated volumes) $77,000-$73,000 (volume anomalies, pushing volumes)
Inflation is hot in the United States, dollar will strengthen. UK likely to weaken in the days ahead... Now's the time to sell. Trust me...
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