As I expected in the previous idea, Bitcoin(
BTCUSDT) started its decline, reaching the full target.
Over the last day, Bitcoin has dropped by over -4%. One of the main reasons behind this decline has been a significant outflow of capital from U.S. spot Bitcoin ETFs—over $2.26 billion withdrawn in the last two weeks, marking the largest weekly outflow since January. Additionally, rising yields on U.S. treasuries and global bonds have pushed capital toward lower-risk assets like oil(
USDBRO), reducing demand for riskier assets like Bitcoin.
Currently, Bitcoin has entered a heavy support zone($76,000-$72,760) and is moving near a Cumulative Short Liquidation Leverage($76,200-$75,400).
From Elliott Wave Theory, it seems Bitcoin is completing microwave 4 of the main wave 5, meaning another small drop might still be ahead.
Also, with Middle East tensions in the background, any developments in that region—like renewed military conflict between Iran and the U.S.—could shift market direction. Keep an eye on geopolitical news and manage your capital accordingly.
I expect that Bitcoin might attempt a rise after entering the Potential Reversal Zone(PRZ)[$73,920-$73,300] and Cumulative Long Liquidation Leverage($73,980-$73,170) near the lower line of the descending channel. However, for now, it seems we should still anticipate further declines due to the current positioning.
Cumulative Short Liquidation Leverage: $77,660-$76,990
CME gap: $84,560-$83,215
CME gap: $79,165-$78,945
What’s your view on Bitcoin? Can it break the heavy support zone($76,000-$72,760) or not?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌Bitcoin Analysis (BTCUSDT), 4-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥 If you find it helpful, please BOOST this post and share it with your friends.
BTCUSDT) started its decline, reaching the full target.Over the last day, Bitcoin has dropped by over -4%. One of the main reasons behind this decline has been a significant outflow of capital from U.S. spot Bitcoin ETFs—over $2.26 billion withdrawn in the last two weeks, marking the largest weekly outflow since January. Additionally, rising yields on U.S. treasuries and global bonds have pushed capital toward lower-risk assets like oil(
USDBRO), reducing demand for riskier assets like Bitcoin.Currently, Bitcoin has entered a heavy support zone($76,000-$72,760) and is moving near a Cumulative Short Liquidation Leverage($76,200-$75,400).
From Elliott Wave Theory, it seems Bitcoin is completing microwave 4 of the main wave 5, meaning another small drop might still be ahead.
Also, with Middle East tensions in the background, any developments in that region—like renewed military conflict between Iran and the U.S.—could shift market direction. Keep an eye on geopolitical news and manage your capital accordingly.
I expect that Bitcoin might attempt a rise after entering the Potential Reversal Zone(PRZ)[$73,920-$73,300] and Cumulative Long Liquidation Leverage($73,980-$73,170) near the lower line of the descending channel. However, for now, it seems we should still anticipate further declines due to the current positioning.
Cumulative Short Liquidation Leverage: $77,660-$76,990
CME gap: $84,560-$83,215
CME gap: $79,165-$78,945
What’s your view on Bitcoin? Can it break the heavy support zone($76,000-$72,760) or not?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌Bitcoin Analysis (BTCUSDT), 4-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥 If you find it helpful, please BOOST this post and share it with your friends.
Nota
Trump announced that a draft memorandum of understanding with Iran has been largely negotiated and is being finalized and will be announced soon.BTC was pumped because of 👆
Trade ativo
Bitcoin reacted yesterday to news of a potential agreement between Iran and the U.S., published by Trump. However, the rise came with low volume, partly because weekends generally have lower trading volume.
Currently, Bitcoin seems to have broken the upper line of its descending channel, but due to low volume, we might still see a correction. This correction could align with Fibonacci levels as potential targets.
Also, the USDT.D% situation looks like it could resume its upward trend, which could cause prices to decline in the cryptocurrency market, especially Bitcoin.
In the past 2-3 months, financial markets have been heavily influenced by Middle East tensions and Iran-U.S.-Israel conflicts. Any news can rapidly change market trends. Thus, while technical tools guide us, we must stay alert to fundamental news.
Cumulative Long Liquidation Leverage($76,440-$76,050)
Cumulative Long Liquidation Leverage($75,320-$74,630)
Cumulative Short Liquidation Leverage($78,730-$77,580)
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As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
🚀 Up to 75% Trading Fee Rebates Across 20+ Exchanges:
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.