Over the past couple of hours, Bitcoin(
BTCUSDT) has surprised many traders—including myself—with its sharp movements. The potential reason behind this could be an anticipated interest rate cut tomorrow. However, the recent JOLTS Job Openings did not fully align with that expectation.
With our technical analysis tools, we can delve deeper into Bitcoin’s next moves. The key question is whether Bitcoin will maintain its recent bullish momentum or if a reversal is imminent.
It’s important to note that in the next 24 to 48 hours, we may see increased volatility in the financial markets, particularly in crypto. Therefore, it’s wise to practice good risk management—or even consider staying on the sidelines until the market settles.
At the moment, Bitcoin has managed to break through resistance lines, but the volume of this breakout hasn’t been particularly high. Bitcoin is also near a resistance zone($94,850-$93,000), monthly pivot points, and significant levels of Cumulative Short Liquidation Leverage($98,260-$94,600), all of which add to the complexity.
High sell orders: $96,000-$94,800
From a classical technical standpoint, there’s potential for a bearish flag pattern forming. As long as Bitcoin remains below $100,000, this scenario remains plausible.
From an Elliott Wave perspective, it seems that the main Wave B has completed, and we’re likely looking at a ZigZag correction(ABC/5-3-5). This correction might complete either at the resistance zone($94,850-$93,000) or near the daily 50_SMA(Daily).
Considering that the S&P 500 index(
SPX) is also showing a bearish trend, it’s more likely that Bitcoin’s main corrective Wave C will complete within these resistance levels.
Also, the USDT.D%(USDT.D) remains a crucial factor. Until it hits around 5.49%, the overall crypto market is likely to remain bearish.
In conclusion, I expect that Bitcoin will continue its downward movement, potentially testing $89,000 and even dropping below $85,000. This could represent a significant bearish phase for Bitcoin.
What are your thoughts? Do you think Bitcoin will maintain this bullish momentum, or are we headed for more downside?
Cumulative Long Liquidation Leverage: $89,430-$88,750
Cumulative Long Liquidation Leverage: $83,900-$82,400
First Target: $90,300
Second Target: $87,503
Stop Loss(SL): $100,020(Worst)
Points may shift as the market evolves
💡 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) has surprised many traders—including myself—with its sharp movements. The potential reason behind this could be an anticipated interest rate cut tomorrow. However, the recent JOLTS Job Openings did not fully align with that expectation.With our technical analysis tools, we can delve deeper into Bitcoin’s next moves. The key question is whether Bitcoin will maintain its recent bullish momentum or if a reversal is imminent.
It’s important to note that in the next 24 to 48 hours, we may see increased volatility in the financial markets, particularly in crypto. Therefore, it’s wise to practice good risk management—or even consider staying on the sidelines until the market settles.
At the moment, Bitcoin has managed to break through resistance lines, but the volume of this breakout hasn’t been particularly high. Bitcoin is also near a resistance zone($94,850-$93,000), monthly pivot points, and significant levels of Cumulative Short Liquidation Leverage($98,260-$94,600), all of which add to the complexity.
High sell orders: $96,000-$94,800
From a classical technical standpoint, there’s potential for a bearish flag pattern forming. As long as Bitcoin remains below $100,000, this scenario remains plausible.
From an Elliott Wave perspective, it seems that the main Wave B has completed, and we’re likely looking at a ZigZag correction(ABC/5-3-5). This correction might complete either at the resistance zone($94,850-$93,000) or near the daily 50_SMA(Daily).
Considering that the S&P 500 index(
SPX) is also showing a bearish trend, it’s more likely that Bitcoin’s main corrective Wave C will complete within these resistance levels.Also, the USDT.D%(
USDT.D) remains a crucial factor. Until it hits around 5.49%, the overall crypto market is likely to remain bearish.In conclusion, I expect that Bitcoin will continue its downward movement, potentially testing $89,000 and even dropping below $85,000. This could represent a significant bearish phase for Bitcoin.
What are your thoughts? Do you think Bitcoin will maintain this bullish momentum, or are we headed for more downside?
Cumulative Long Liquidation Leverage: $89,430-$88,750
Cumulative Long Liquidation Leverage: $83,900-$82,400
First Target: $90,300
Second Target: $87,503
Stop Loss(SL): $100,020(Worst)
Points may shift as the market evolves
💡 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.
交易進行
Trade was activated in the resistance zone($94,850-$93,000), and I transferred the Stop loss to Entry point=Risk Free.註釋
Less than 30 minutes left until the release of the Federal Funds Rate.Volatility may continue until the FOMC Press Conference.
交易結束：目標達成
Target Done(trailing stop)註釋
Bitcoin gave us two opportunities to profit from this analysis.
As I mentioned in the analysis, this resistance zone($94,850-$93,000) is very important, and breaking above it is difficult for Bitcoin.
Bitcoin attacked this zone three times but failed to break through, and at the same time, each high was lower than the previous one.
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🚀 Up to 75% Trading Fee Rebates Across 20+ Exchanges:
🤖 t.me/Protrader365bot
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🎁 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
相關出版品
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。