120K is the Key.Morning folks,
Our last plan worked perfect - market re-tested 117K support and jumped out. If you have longs - you could keep it.
We consider now two alternative scenarios, although we think that this one with triangle is more probable, we do not exclude the H&S shape on 1H chart that could lead BTC down to 112-113K support area.
So, if you do not know how to deal with this - keep an eye on the 120K area and top of the right arm. Upside breakout will confirm H&S failure and triangle scenario. Otherwise, until market stands under 120K - consider H&S as a basic scenario, just for safety.
Take care, S.
BTCUSD.P trade ideas
Bitcoin (BTC/USD) 1H Technical Analysis – Breakout in ProgressBitcoin is showing bullish intent after breaking above a descending trendline resistance on the 1-hour chart. The breakout occurred with decent bullish momentum, suggesting buyers are regaining control in the short term.
📈 Chart Observations:
Descending Trendline Broken: Price has successfully broken above a well-respected descending trendline, which acted as resistance over the past few sessions. This breakout may signal a shift in short-term market structure.
Support Zone: The marked support zone around $115,000 continues to act as a critical demand area. Price has rebounded multiple times from this zone, reinforcing its significance.
Current Price Action: BTC is currently trading near $119,800, just under the round-level resistance of $120,000. A clean hourly close above this level could open room for further bullish continuation.
📊 Key Levels:
Resistance: $120,000 (Psychological level)
Immediate Support: $118,000
Major Support Zone: $115,000–$114,000
📉 Bearish Scenario:
If BTC fails to hold above the broken trendline and slips back below $118,000, a revisit of the support zone near $115,000 becomes likely. Bears may step in again if the price fails to sustain higher highs.
✅ Conclusion:
BTC is showing potential for a short-term bullish reversal after breaking out of its descending pattern. Traders should monitor for confirmation through price continuation above $120,000. However, a cautious approach is advised near resistance levels, and invalidation below $118,000 could favor sellers once again.
BTCUSD MMC Analysis - Breakout Confirmation + Reversal + TargetWelcome back to another deep-dive analysis powered by MMC (Mirror Market Concepts), where precision meets market psychology. In today’s BTCUSD setup, we’re observing a textbook confluence of structural breakouts, demand rejections, and liquidity zone engagements. Let’s break it down step by step.
📊 1. Market Context & Background
The market recently showed a prolonged bearish trendline structure, with lower highs compressing price into a wedge. The prior days have been consolidative, hinting at an accumulation phase. This forms the foundation for reversal setups we often identify in MMC-style analysis — where liquidity, not just structure, determines the next move.
🔍 2. Demand Zone Dominance – 2x Tap Confirmation
At the bottom of the chart, BTC created a strong 2x Demand Zone (117,250–118,000 area), a region where buyers aggressively stepped in. This zone had already been tested once, and the second tap confirmed demand strength — a key MMC signal.
This dual-tap created a spring effect, launching price upward and rejecting all downside liquidity grabs. It also showed clear absorption of sell-side volume.
📈 3. QFL Behavior + Break of Structure
We see a QFL (Quick Flip Liquidity) reaction just after price bounced from demand — this is a behavior unique to MMC models. Here, price flipped structure rapidly after breaking a local high near 118,500, suggesting aggressive buyer entry.
This QFL event served as the first warning for a major trend shift.
Right after that, we got a major BOS (Break of Structure) above 119,250, further confirming the bullish transition.
🪜 4. Trendline Breakout – Second Confirmation
The descending trendline — connecting several swing highs — was breached with strong bullish momentum. Importantly, this was the second confirmation breakout, not just a fakeout spike.
The breakout candle closed strongly above the trendline and above the SR channel zone (gray area), confirming trend reversal intent.
This aligns with MMC's multi-stage breakout logic, where price gives one trap, pulls back, and then breaks cleanly with intent.
🛡 5. Channel SR Interchange Zone (Support-Resistance Flip)
The gray horizontal SR Channel played a crucial role. Initially acting as resistance, it became support once the breakout was confirmed.
This interchange behavior — a principle where support turns into resistance or vice versa — is critical in MMC. Price flipping this zone and holding above is a strong continuation signal.
🧠 6. Targeting & Forward Outlook
Price is now approaching the Mini Reversal Zone (119,750–120,250). This is a low-timeframe liquidity zone where short-term traders may take profits or where institutional orders may reverse temporarily.
Here are two potential scenarios:
Bullish Continuation: If price pulls back slightly and holds the channel SR as support, we may see a continued leg upward, breaking above 120,250.
Temporary Rejection: A sharp reaction from the Mini Reversal Zone could lead to a retracement into the Central Zone (~118,800), where buyers might reload.
📌 Key MMC Takeaways:
✅ 2x Demand Zone reaction confirmed bullish interest.
✅ QFL + BOS + Trendline Break = High-conviction reversal signal.
✅ SR Flip adds MMC-style structural layering.
✅ Price is now navigating final supply zones before expansion.
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Quantum Computing - Why BTC isn't the biggest worryYou’ve probably heard that quantum computing could break Bitcoin’s encryption—and that’s true. But here’s the thing: Bitcoin might not even be the biggest target.
The real risks? Financial systems, national security, healthcare, and even the internet itself. These areas rely on the same encryption methods that quantum computers could crack, and the fallout could be far worse than a Bitcoin hack.
Let’s break it down.
1️⃣ Financial Systems: A Global Crisis Waiting to Happen
Imagine if hackers could:
Drain bank accounts at will.
Manipulate stock markets.
Fake trillion-dollar transactions.
This isn’t just about stolen crypto—it’s about economic chaos. Banks, stock exchanges, and payment systems all depend on encryption. If quantum computers break it, we’re looking at a meltdown way bigger than Bitcoin’s $3 trillion market.
2️⃣ National Security & Internet Privacy: A Hacker’s Dream
Governments and militaries use encryption to:
Protect classified intelligence.
Secure communications between leaders.
Guard critical infrastructure (power grids, water supplies).
If quantum computers crack these codes, entire nations could be exposed to cyberwarfare. Your private data? At risk too—email, messaging, even your online banking could be decrypted years later.
3️⃣ Healthcare, Supply Chains & IoT: The Hidden Vulnerabilities
Medical records could be leaked, exposing sensitive health data.
Smart devices (like home security systems) could be hacked.
Supply chains might collapse if logistics networks are breached.
These systems weren’t built with quantum threats in mind—and upgrading them won’t be easy.
🔴 The Bigger Picture: A "Civilizational Upgrade"
Switching to quantum-resistant encryption is like rebuilding the internet’s foundation. It’s necessary, but messy. Some experts compare it to the Y2K bug—but way harder.
🔷 So, Is Bitcoin Safe?
Not entirely—about 25% of all Bitcoin could be stolen if quantum computers advance fast enough. But compared to the risks facing banks, governments, and hospitals? Bitcoin might be the least of our worries.
🔷 What’s Next?
Governments & companies are already working on fixes (like NIST’s post-quantum cryptography standards).
The transition will take years—and hackers might exploit weak spots along the way.
Staying informed is key. If you’re in tech, finance, or security, this affects you.
ℹ️ Want to Dive Deeper?
Deloitte’s take on quantum computing & Bitcoin
Forbes on quantum risks beyond crypto
🤷♂️ Bottom line?
Quantum computing is coming—and while Bitcoin has risks, the real danger lies in the systems we all depend on every day.
❔What do you think? Will we be ready in time? Let me know in the comments! 🚀
Mastering the Bollinger Bands- How to use it in trading?What is the Bollinger Bands
Bollinger Bands is a popular technical analysis tool developed by John Bollinger in the 1980s. It is designed to measure market volatility and provide signals for potential price reversals or trend continuations. The Bollinger Bands consist of three lines: a simple moving average in the middle, usually calculated over 20 periods, and two outer bands that are placed a set number of standard deviations above and below the moving average. These outer bands automatically adjust to market conditions, expanding and contracting based on price volatility. The indicator is widely used by traders to understand the relative highs and lows of a financial instrument in relation to recent price action.
What will be discussed?
- How does it work with the lower band and upper band?
- What does the narrowing mean?
- What does the widening mean?
- How to trade with the Bollingers Bands?
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How does it work with the lower band and upper band?
The upper band and the lower band serve as dynamic levels of resistance and support. When the price of an asset touches or exceeds the upper band, it may be considered overbought, suggesting that a reversal or pullback could be near. Conversely, when the price approaches or breaks below the lower band, the asset may be viewed as oversold, indicating a potential rebound. These bands do not generate definitive buy or sell signals on their own but instead help traders assess market conditions. The interaction of price with the upper and lower bands often provides visual cues about the momentum and direction of the market, allowing for more informed decision-making.
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What does the narrowing mean?
The narrowing of the Bollinger Bands occurs when the price becomes less volatile over time. This contraction indicates a period of consolidation or low market activity, where the price is trading in a tighter range. Narrowing bands are often interpreted as a signal that a significant price movement may be coming soon, as low volatility tends to precede high volatility. This phase is sometimes referred to as the "squeeze," and traders closely monitor it to anticipate breakout opportunities. The direction of the breakout, whether upward or downward, is not predicted by the narrowing itself but usually follows shortly after the bands have contracted.
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What does the widening mean?
The widening of the Bollinger Bands reflects increasing market volatility. When the price starts to move rapidly either up or down, the bands spread further apart to accommodate this movement. This expansion typically confirms that a new trend is underway or that a breakout has occurred. The wider the bands become, the greater the degree of price fluctuation. During these times, traders may observe stronger momentum in the market, and the continuation of the move may be supported by the growing distance between the bands. However, extremely wide bands may also suggest that a reversal could be nearing, as the market can become overstretched in either direction.
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How to trade with the Bollinger Bands?
Trading with Bollinger Bands involves using the bands to identify entry and exit points based on the behavior of price in relation to the upper and lower bands. One common approach is to buy when the price touches or breaks below the lower band and shows signs of bouncing back, and to sell when the price reaches or moves above the upper band and begins to retreat. Another strategy involves waiting for the bands to narrow significantly and then entering a trade in the direction of the breakout that follows. Traders often use Bollinger Bands in combination with other indicators such as RSI, MACD, or volume to confirm signals and reduce the risk of false breakouts. It is important to remember that Bollinger Bands are not predictive on their own but are most effective when used as part of a broader technical analysis framework.
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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BTC - Capitulation. Now Time For A Bounce?Whenever there is a big impulsive rally, dumb money will come rushing in to buy.
And thus we can somewhat expect the market maker to print a shakeout for them to exit at best price and dumb money to carry the bags at worst price.
...
In this area we have multiple charts providing the liquidity zones for the shakeouts:
The upside shakeout (long wick) printed on TOTAL through ATH:
...
Before I make the next point, lets see the design of the chart bots 10 years ago in 2015.
Notice that the high and low of the trading range is set by the impulsive high then initial slump:
That sets the trading range.
Once set; the chart bots then print a liquidity sweeping slightly higher high...
Which slumps back to liquidity sweep the lows of the trading range.
From there the next wave up begins.
...
Now notice in these charts from the last 2 days, that the trading range was similar to that of 2015.
But once the range was set; rather than printing a simple slightly higher high, the more evolved chart bots printed a wild impulsive move up to draw in buyers.
This then became a very impulsive smackdown.
...
Although going on a wild journey, the price is effectively similar to the pattern of 2015; liquidity sweep at the highs and now it is below the low.
Notice on these 2 charts from the last two days that the support that Bitcoin has hit today was the obvious trading range low - similar to 2015.
And so the question is now; whether it will also be a liquidity sweep at the lows and a bounce will follow?
Notice on the chart, there was a big smackdown and then we have had another fast smackdown (arrow) to take price beneath the lows.
This looks very much like a fear test - where the chart bots try to sell you another immediate capitulation, but yet the price holds in the zone of higher liquidity below support.
Wyckoff would call these 2 lows SC Selling CLimax and ST Secondary Test.
The selling climax completes the real bearish wave down.
Secondary Test is the probe into higher liquidity which is a fear test to scare longs away.
...
So if we consider that history may not repeat, but it does rhyme then there will likely be a bounce in this area - as the market maker gets best price for their short positions while dumb money panic sell their long positions at a loss.
Not advice
[BITCOIN] - Where is Potential TOP (ATH) of the Bull Cycle?Many people wondering where is the potential TOP of the current Bitcoin Bull Run? Besides setting a Fibo Retracement, we can take a look at the past. The current situation on CRYPTOCAP:BTC chart reminds me of what we've seen in the end of 2024, here is why:
Big ascending channel, price perfectly moves inside without breaking borders
Descending consolidation inside the bull flag
Strong breakout and pump towards the resistance of the channel
👉 According to this pattern, the target for the current Bitcoin upward move should be located in the $140,000 zone. Keep this in mind when planning your trades.
Bitcoin – Rejection Confirms Trap, Next Stop: $107kBitcoin attempted to take out the swing high around 110.5k but failed to clear the previous all-time high, resulting in a sharp rejection. This failure marks a significant turning point, suggesting a lack of bullish momentum at premium levels. The rejection came after a sweep of equal highs within a well-defined resistance zone, indicating a potential liquidity grab.
Highs Swept, But No Breakout
After dropping into support around the 107.5k region, price managed to push up and form a new swing high, but once again met heavy selling pressure after sweeping the prior equal highs. That sweep and the subsequent rejection give this structure the character of a classic liquidity trap, where smart money runs the highs only to reverse.
Weak Lows Below
The support zone has now been tapped multiple times, and the most recent low is structurally weak. It failed to produce a higher high, which makes it vulnerable to a clean stop hunt. Given this context, these lows are likely to be targeted next, as price seeks out sell-side liquidity resting beneath.
Expected Path Forward
I’m expecting further downside to unfold from here. The rejection from resistance, paired with the weak internal structure, suggests Bitcoin will take out the weak lows near 107.5k. Once those lows are swept, I expect a bullish reaction from the same demand zone, setting up a potential long opportunity back into the 109k–110k area. The plan is to look for signs of a reversal after the sweep, such as a 5M market structure shift or a fair value gap entry setup.
Liquidity Map and Trade Plan
The current price action is best viewed through the lens of liquidity. The highs were engineered to trap breakout buyers and then rejected. Now, the weak lows offer the next logical draw on liquidity. My focus is on short-term downside targeting that 107.2k–107.5k support region, followed by a potential bullish reversal setup once that liquidity is cleared.
Conclusion
This is a clean example of a failed breakout, followed by engineered liquidity moves in both directions. As long as price respects the current structure, my bias remains short into the weak lows, followed by a high-probability long setup once those lows are swept and the market shifts.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Bitcoin - Blue Skies, Retest Before $125k?Bitcoin has pushed into blue skies after breaking through a major resistance zone around 110,000 USD. The breakout was sharp and impulsive, pushing price well into uncharted territory above 117,000. At these levels, traditional resistance becomes harder to pinpoint, and the market often behaves irrationally, so caution is warranted. With all-time highs being challenged, any small retracement must be handled with precision.
Support and Retest Zones
The previous resistance zone between 109,000 and 111,000 has now turned into a potential support area. This level acted as a ceiling for weeks and was finally broken with strong momentum. Price already had a minor retest on the breakout candle, which offers a bullish sign of acceptance. However, a deeper retest of this same zone remains a valid possibility, especially if short-term profit-taking intensifies.
Trendline Confluence
Alongside the horizontal support, we have an ascending trendline that has guided price from the June lows. This trendline now intersects with the 111,000–113,000 area, offering a secondary potential bounce level. If Bitcoin holds the trendline, a shallower correction could be enough to reset before another rally. But if we break below it, the horizontal support remains the final stronghold before deeper downside risks emerge.
Short-Term Scenarios
There are two likely short-term paths here. Either Bitcoin continues higher without a deep pullback, targeting 120,000–125,000 directly, or we see one more sweep into the 111,000 area before the trend resumes. The first scenario would trap sidelined traders, forcing late entries at higher levels. The second would provide a clean retest of structure, fueling a healthier, more sustainable breakout.
Price Target and Expectations
Assuming the retest scenario plays out cleanly and price confirms support at either the trendline or the former resistance zone, upside targets sit around 120,000 as the next psychological barrier, with 125,000 as a likely extension. These are natural magnet levels in a trending environment, especially with momentum still intact from the previous breakout.
Conclusion
Bitcoin is currently in price discovery, which means the structure must guide our expectations. A retest of either the trendline or former resistance could provide the next best entry. As long as we hold above the green support zone, the bullish structure remains intact, and higher targets remain in sight.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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BTC/USDStill the most likely scenario. I believe we're near peak positive sentiment.
As I stated prior:
"I've been calling for a crash for a while.
The closer to the top you are, the more hatred that you'll get for calling one.
It's a difficult position being contrary to the crowd. I think that's why Peter denied Jesus.
In any case, positive sentiment must end and as overdue as it is, I'm expecting a bang, after a final wave of FOMO."
Shorting Isn’t the Problem. Being a Psycho Bear Is.😵💫🪓 Shorting Isn’t the Problem. Being a Psycho Bear Is. 🔻📉
Hollywood is never wrong:
The genius from The Big Short is the psycho from American Psycho .
Same actor (C. Bale) — two sides of the same trader.
🎭 I made this chart because I see this often on TradingView:
People who prefer to short. Hoping for collapse.
Even Rooting for war. To Celebrating blood short profit.
Perma-bears who hate seeing price go up because they missed the trade.
Let’s be real — that’s not trading.
That’s emotional self-destruction masked as 'strategy'.
We just saw over $1B in shorts liquidated as Bitcoin ripped through $118K.
And still — some refuse to let go of their bias.
This chart says it all:
🔹 The "Smart Bear" — does research, uses structure, trades what’s real.
🔻 The "Psycho Bear" — needs things to collapse, just to feel right.
💔 And here’s the truth I want to share with you today:
If you catch yourself unable to celebrate others making money ,
If you feel angry when price pumps and you missed it,
If you’re wishing for collapse or chaos just so you feel seen...
Something’s off. That’s not trading. That’s pain talking.
Buying is more than just a trade — it’s hope , it’s optimism , it’s love .
Being bullish is an act of belief in the future.
And yes — we sometimes need to short. We do it with clarity.
But I’m a bull who sometimes must go short. Not a bear who wants the world to burn.
“We go long. We go short. But we never go blind.”
📉 Don’t let bitterness guide your charts.
📈 Let discipline, structure — and a bit of heart — guide you instead.
One Love,
The FXPROFESSOR 💙
⚠️ Disclosure:
Disclosure: I am happy to be part of the Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Awesome broker, where the trader really comes first! 🌟🤝📈
Key Insights: Financial Markets Transformation by 2030For years, this page has been my space to share in-depth market research and personal insights into key financial trends. This post reflects my perspective — a strategic outlook on where I believe the digital finance industry is heading.
The financial world is evolving at an unprecedented pace, and it's easy to overlook subtle shifts. But the undeniable fact is that we are now standing at the intersection of three powerful industries — financial markets, blockchain, and artificial intelligence. We are positioned at the cutting edge of technology, where innovation is not a future concept but a present reality.
This post serves as a reference point for future trends and a guide to understanding the transformative forces shaping financial markets by 2030. These are not just facts, but my vision of the opportunities and challenges ahead in this rapidly converging digital ecosystem. Staying ahead today means more than following the market — it means recognizing that we are part of a technological shift redefining the core of global finance.
📈 1. Electronic Trading Evolution
Full transition from traditional trading floors to AI-driven digital platforms.
Integration of blockchain and smart contracts ensures transparency, automation, and risk reduction.
Real-time data analytics democratizes market access and enhances strategic decision-making.
🤖 2. Algorithmic Trading Growth
Accelerated by AI, machine learning, and big data analytics.
High-frequency trading (HFT) boosts efficiency but introduces new volatility factors.
Adaptive algorithms dynamically adjust strategies in real time.
Strong focus on regulatory compliance and ethical standards.
🔗 3. Tokenization of Real World Assets (RWA)
Transforming asset management with projected growth to $18.9 trillion by 2033. (now 18.85B)
Enhances liquidity, accessibility, and transparency via blockchain.
Institutional adoption is driving mainstream acceptance.
Evolving regulations (DLT Act, MiCA) support secure tokenized ecosystems.
🏦 4. Institutional Adoption & Regulatory Frameworks
Digitalization of fixed income markets and exponential growth in institutional DeFi participation.
Key drivers: compliance, custody solutions, and advanced infrastructure.
Global regulatory harmonization and smart contract-based compliance automation are reshaping governance.
💳 5. Embedded Finance & Smart Connectivity
Embedded finance market to hit $7.2 trillion by 2030.
Seamless integration of financial services into everyday platforms (e-commerce, mobility, etc.).
AI, blockchain, and IoT power real-time, personalized financial ecosystems.
Smart contracts reduce operational friction and enhance user experience.
🛡 6. Financial Crime Risk Management
Market expected to reach $30.28 billion by 2030.
AI-driven threat detection and anomaly monitoring strengthen AML compliance.
Blockchain ensures data integrity and automates cross-border regulatory adherence.
Global collaboration (FATF, EU AML) fortifies defenses against evolving financial crimes.
🌍 7. Consumer Behavior & Financial Inclusion
Digital banking bridges the gap for underbanked populations, especially in emerging markets.
Mobile solutions like M-Pesa revolutionize access to financial services.
Biometrics, microfinance, and AI-powered engagement tools foster inclusive economic participation.
🚀 Conclusion
By 2030, financial markets will be defined by technology-driven efficiency, regulatory adaptability, and inclusive growth.
Success will favor those who embrace innovation, leverage automation, and engage in cross-sector collaboration.
The future belongs to agile stakeholders navigating a landscape shaped by AI, blockchain, tokenization, and smart finance connectivity.
Best regards, EXCAVO
_____________________
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Bitcoin Rally Losing Steam?Bitcoin might be approaching a Turning Point . Here’s what I’m seeing on the weekly chart:
Price is moving inside an ascending Fibonacci channel.
It’s getting close to the 1.60 (160%) extension level, which has acted as a reversal zone before.
At the same time, the RSI is showing a clear negative divergence, suggesting that momentum is weakening.
These signs combined could mean we’re not far from a significant correction.
Nothing is confirmed yet, but it’s a setup worth keeping an eye on.
BITCOIN's PUMPs are Getting LARGER this Bull Market...However, it may take a bit longer to realize those expansionary moves.
If Bitcoin adheres to the established cycle pattern, we can anticipate a minimum surge of 103% that should carry us into the fourth quarter of this year.
Consolidation ----> Fake breakdown ----> then expansion.
Are you ready?
Bitcoin: celebrating new ATHCrypto enthusiasts are celebrating the latest achievement of BTC. The coin managed to reach another all time highest level during the previous week, at the level of $118,5K. Although BTC was struggling during the previous period to sustain the higher grounds, testing on several occasions the resistance level at $108K, the buying orders prevailed on Wednesday, bringing the skyrocket levels on Thursday and Friday. Crypto market significantly gained from the BTC move, as majority of other crypto coins gained in value, surging significantly total crypto market capitalization.
With the latest strong moves, the RSI reached a clear overbought market side, touching the level of 73. The indicator is closing the week at the level of 70, still continuing to move within the overbought market side. The MA50 is turning again toward the upside, leaving the MA200 aside. There is no indication of a potential cross in the coming period.
Charts are pointing to a potential for a short reversal of BTC price in the coming week. Such a move could be treated as “normal” in terms of how the market is functioning. A strong push toward the upside will make traders close their positions in order to take profits, which will shortly push the price toward downside. Where that level could be, at this moment, is hard to predict based on technical analysis, because BTC is currently moving in an uncharted territory.
BTCUSD bullish scenario will it go ATH 1,30,000+BTCUSD is currently in A bullish trend and it took the first support at 115900 which 0,5 fib and next at 117500 which 0.618 fib, the price is likely to go up target can be around 1,25000 and then to 1,30,000( weekly chart shows this target). Price should not fall below 115500,in this case it may further go down and take support around 1,10,000-1,12,000.
SELL BTCUSD for bullish divergence trend reversal STOP LOSS: 120SELL BTCUSD for bullish divergence trend reversal STOP LOSS: 120,246
Regular Bearish Divergence
In case of Regular Bearish Divergence:
* The Indicator shows Lower Highs
* Actual Market Price shows Higher Highs
We can see a strong divergence on the MACD already and There is a strong trend reversal on the daily time frame chart.....
The daily time frame is showing strength of trend reversal from this level resistance so we are looking for the trend reversal and correction push from here .....
TAKE PROFIT: take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with........trading with the trend, patient and good risk management is the key to success here...
Chart Analysis: BTCUSD Consolidating at Key Support LevelIn this 1-hour BTCUSD chart, we observe that price is currently respecting a key support zone between $117,500 and $118,000, which has held strongly over the past few sessions. This region has acted as a strong demand zone, with visible buying pressure every time the price dips into it. The chart clearly shows multiple rejections from this zone, indicating that smart money participants are accumulating here.
We also see the Bollinger Bands (20 SMA) tightening around the price. This narrowing of the bands signifies low volatility and a potential expansion move. Such squeezes are often followed by impulsive breakouts or breakdowns, and traders should be alert for a decisive candle close above or below the range to confirm direction.
🧠 Market Structure & Technical Insights:
Support Holding: Price is consolidating above a major support level at $117,500–$118,000, which has been tested multiple times but not broken.
Accumulation Phase: The sideways structure after a previous impulsive move suggests that price is possibly in a re-accumulation phase before another leg up.
Liquidity Above Range: There's a visible liquidity pool above recent highs (~$118,600–$119,000), which could be targeted if bulls take control.
Volatility Squeeze: Bollinger Bands are compressing, showing signs of accumulation. Such patterns typically lead to a breakout move, especially if paired with volume.
Candle Behavior: Long wicks from below the support show aggressive buying interest, rejecting lower prices. This is a bullish signal.
🎯 Potential Scenarios:
1. Bullish Breakout:
If BTCUSD breaks and closes above the mini resistance near $118,600–$119,000, we may see a quick move toward $120,500 and $122,000.
A breakout backed by volume and momentum would confirm strength and trend continuation.
2. Bearish Breakdown:
A break below $117,500 with a strong bearish candle and increased volume would invalidate the bullish bias and may open the downside toward $116,000 and possibly $114,500.
This would indicate failure to hold support, transitioning into a distribution phase.
3. Range-Bound:
Until we get a clear break in either direction, price may continue to range between $117,500 and $118,600. Best approach is to remain patient and wait for breakout confirmation.
📚 Educational Note:
This is a textbook setup for many smart money traders—a compression near a strong support level with low volatility. Such patterns reflect market indecision, but also the potential energy build-up for a significant move. Traders should focus on risk management and confirmation instead of predicting direction blindly.
✅ Key Levels to Watch:
Support: $117,500
Resistance: $118,600 – $119,000
Breakout Target: $120,500 – $122,000
Breakdown Target: $116,000 – $114,500
Bitcoin Dips On High VolumeThe Bitcoin daily chart paints a nuanced picture following Tuesday’s pullback – which came on the highest volume day since the $74K bottom in mid‑April, specifically on Coinbase. But notably, that surge in volume was primarily driven by selling, not buying – a key detail that shifts the tone of the candle.
Despite the aggressive downward move, price found support around $116,000 and recovered into the close, finishing the day above $117,000. However, the heavy sell volume behind that move suggests it wasn’t just a casual dip – it was real distribution.
That said, bulls showed resilience on Wednesday, pushing price back toward $119,000 and defending the key $116,000–$118,000 zone. If Bitcoin can maintain this level and digest the selloff without rolling over, it may absorb the supply and build a base for continuation.
But traders should stay cautious – high‑volume sell days near local highs can sometimes mark short‑term tops or signal a shift in momentum. The $112,000 breakout zone remains the critical downside level to watch if the current range fails.
BTC #1-hour Bitcoin (BTC/USD) chartThis 1-hour Bitcoin (BTC/USD) chart shows a bearish setup following a breakdown from a rising channel. Price is currently testing a support zone around $117,000. A potential continuation move is projected down toward the $113,000–$114,000 area, where a reversal is anticipated. The red arrow indicates the expected bearish move, supported by prior structure and trend shift.
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