Will Bitcoin Break the Heavy Support Zone!?

5天前

Happy New Year 2025! May this year bring you health, happiness, and financial success🎉.

Let's make it a year of growth and prosperity together!

First, let's take a look at the reasons for Bitcoin's decline these days:

1-Profit-Taking: Long-term investors are selling after 2024's gains.

2-Federal Reserve Policy: Slower rate cuts in 2025 have dampened optimism.

3-Macroeconomic Concerns: Inflation risks and high-interest rates affect sentiment.

4-Institutional Activity: Reduced MicroStrategy purchases and Bitcoin ETF outflows show declining institutional interest.

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Now, let's take a look at the Bitcoin(BTCUSDT) chart from the point of view of Technical Analysis:

Bitcoin is currently moving in a Heavy Support zone($95,000-$90,870) and is trying to break this zone. Also, the most important Resistance for Bitcoin, in my opinion, right now is the 50_SMA(Daily) and in the next step $98,100.

In addition, with the closing of the monthly candle, we can also see the Shooting Star Candlestick Reversal Pattern.

After breaking the Uptrend lines, I expect Bitcoin to fall at least to the width of the Ascending Channel(broken) and Potential Reversal Zone(PRZ)[$90,550-$89,440].

Cumulative Short Liquidation Leverage: $97,686-$96,380

Cumulative Long Liquidation Leverage: $91,446-$90,000

⚠️Note: If Bitcoin breaks the Resistance lines and Resistance zone($96,620-$95,500), we can hope for a further increase in Bitcoin.⚠️


🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏

Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.

🔔Be sure to follow the updated ideas.🔔

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.

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4天前

交易开始

As Bitcoin approaches the 50_SMA(Daily), the Resistance zone($96,620-$95,500) and Cumulative Short Liquidation Leverage($97,686-$96,380) seem to be a good situation to open a Short Position.

⚠️If Bitcoin crosses $97,880, we should expect a further increase.

⚠️The risk of this Short position is a little higher, so please pay more attention to capital management

3天前

注释

Still, my short position is alive. my Stop Loss is 97843 USDT

3天前

交易结束：到达止损

Stop Loss was touched.

Bitcoin may rise to $99,000 to $10,000.

But my opinion is that Bitcoin will start to correct again.