$BTC
Bhutan's significant move of 367 BTC to Binance is sparking debates over governmental Bitcoin trading strategies. #watchout

$BTC Bitcoin is currently facing two significant resistance zones that could impact its upward momentum. The first major selling zone is around the $90,000 mark, which presents substantial selling pressure. However, an even stronger resistance level awaits at approximately $103,000, which I believe will be the heaviest hurdle for Bitcoin’s price to overcome.

As we approach these critical levels, it’s essential to remain cautious. It’s always wise to secure profits incrementally rather than holding out for an ideal peak. Overconfidence and greed can be detrimental, as we saw in 2021 when many held onto their assets too long, hoping for even higher returns, only to face sudden drops when the market turned. The key is to approach this rally strategically, taking profits along the way to protect gains and avoid potential losses if the market shifts unexpectedly.

#WillBTCBreak100KSoon

$BTC BTC has retraced to the 0.618 Fibonacci level, often referred to as the "golden pocket," following its recent bullish breakout. This level typically serves as strong support and could signal potential for a further upward move.
However, no clear bullish reversal pattern has emerged at this stage, suggesting that while there is potential, confirmation of a sustained upward trend is still needed.
#BTC☀

$BTC
Many are predicting the market will drop, but I see things differently. Yesterday, I highlighted a falling wedge pattern, and after breaking the $61,980 to $62,380 range, it confirmed a bullish trend. We hit $64,420 before pulling back to the same range, which is expected due to recent consolidation.

Despite talk of a decline, I remain confident in my analysis and believe we’ll see an uptrend soon. The current market signals are fake breakouts designed to trap traders, but buyers are active, and the bullish move is on the way.

Disclaimer: This is not financial advice; confirm trends before trading.

$BTC
I guess BTC longs are waiting at 61.6k

$BTC
This is possibly the first significant move where Bitcoin has fallen behind the rise in gold prices. However, this gap is unlikely to persist, and Bitcoin is expected to move closer to gold’s growth starting Monday, despite the negative impact of ETF selling on its progress.

Currently, Bitcoin is hovering above its daily and monthly support levels, completing the monthly correction phase within the second wave of the Elliott Wave theory (bearish wave). To initiate the upward third wave, the ongoing correction needs to be finalized, which could extend for more than three months. It is crucial to maintain the monthly support level throughout this period, so that Bitcoin can eventually navigate through the hourly, daily, and weekly timeframe and ABC corrections slowly. With the CME closed today and tomorrow, significant price movements are unlikely, but an intriguing Monday awaits.

Key Support: 55,200
Key Resistance: 62,000

$BTC
As observed on the 4-hour chart, Sundays typically show low volatility for Bitcoin. The daily chart indicates that the previously broken resistance at 59,700 is now reestablishing itself as support on the 4-hour timeframe. If Bitcoin can hold this support, it is likely to move toward higher levels starting tomorrow. However, it is important to note that the 55,000 level has a significant hidden gap, which could result in a sharp drop to 55,000 before potentially rebounding above 60,000.

Current support: 59,600
Current resistance: 62,000

$BTC
Bitcoin has lost its primary weekly support and is now hovering around the weekend support level of 59,800. It is highly likely that the 59,800 support will not hold, leading to a further decline towards the monthly support at 51,000. If the 59,800 level is breached, we can expect a sharp price drop.

Additionally, geopolitical tensions in the Middle East, including the potential for conflict in Lebanon, combined with a significant drop in the American stock market, are exerting extra pressure on the cryptocurrency market.

Contrary to the views of many analysts, I believe that from today until the end of August, the market will perform poorly, with the negative trend worsening around mid-month.

Original support: 59,800
Current resistance: 66,500

$BTC #BTC.USDT
Bitcoin has broken through its initial weekly support with ease and is now resting on the main weekly support. It's important to note that there is a final support level at 58,700, which may be easily tested if the 61,300 level is breached. Thus, 61,300 is the key support level to prevent further declines. This support is considered on a monthly basis.

It's highly probable that we will first see a move back to the 65,500 resistance. If rejected there, Bitcoin may continue towards completing the monthly correction.

Main Support: 61,300
Current Resistance: 66,600
$BTC

$BTC
BTC has touched the daily 200 EMA before during a bull run. Many people think we're in a bear market again. Here's how it looked in 2016 and 2017. Imagine selling at those times.

$BTC
The DXY chart indicates potential signs of an impending bearish trend. Should this materialize, it could result in a significant uptrend for cryptos such as Bitcoin, Ethereum, and Solana. Historically, a weakening dollar has often led to an increase in the value of these digital assets, potentially creating favorable market conditions. $SOL $ETH

$BTC
Bitcoin has officially lost its main weekly support at 64,000 and has settled on a shaky weekly support at 62,300. After a long time, it touched the resistance of 60,500, quickly returning to 61,000. This suggests a potential monthly correction, where Bitcoin may gradually move toward monthly support, find support there, and then witness an upward return, potentially reaching a new all-time high.

Importantly, the Smart Money indicator is now at 95%, indicating a suitable buying position. The last time this indicator was at this level was when Bitcoin was in the 15-16 thousand range, which preceded a tremendous growth to above 70,000.

Current support: 60,500
Current resistance: 64,600

$BTC
The analysis of the proprietary Bitcoin blockchain reveals that miners are starting to capitulate. The sooner this miner capitulation occurs, the sooner we can resume the bull run. Stay in the game.

With the recent decrease in Bitcoin's price and network hash rate, many miners are giving up. Following the recent halving, mining costs have risen while rewards have fallen, leading numerous miners to shut down their rigs. The Hash Ribbons index has issued a capitulation signal for miners. According to data from IntoTheBlock, Bitcoin miners have sold over 30,000 bitcoins (approximately $2 billion) since June, marking the fastest sale in more than a year.

In the last two days, Bitcoin has hovered near the critical weekly support level of $64,000, indicating its importance. While $63,500 served as weekend support, $64,000 has prompted a stronger price rebound. As the CME remains closed today and tomorrow, the weekly candle close above $64,000 could signal a price rise. However, a sudden drop to $62,000 followed by a rebound above $64,000 is also possible.

Key support: $64,000
Current resistance: $68,000

$BTC
#BITCOIN #longpositions
The risk-to-reward ratio for Bitcoin's rise in the 4-hour timeframe is highly positive.

$BTC
Today, global markets have opened, and the CME chart shows a small gap around the 66,000 level. The price is pulling back to this area, which aligns with the daily trend and the first weekly support.

Key Support: 66,000
Current Resistance: 68,500

$ETH
It appears that ETH is experiencing a promising rebound. If the daily candle closes near the current price, we could see the formation of a morning star pattern, indicating a potential bullish reversal.

$BTC
Bitcoin's price drop below $68,000 caused losses to over 75,000 traders.

Bitcoin failed to reach $70,500 and fell by more than $2,000 in an hour, dragging the entire cryptocurrency market down by $80 billion. Daily liquidated trading positions totaled around $170 million, affecting over 75,000 traders. After nearing $70,000, Bitcoin dropped to $67,500, its lowest since June 3.

Bitcoin broke the daily support of $68,800 and is approaching the weekly support at $66,000, where it may rebound. Tether's analysis suggests a potential drop.

Key support: $66,000
Current resistance: $70,200

$BTC
Bitcoin failed to break the 4-hour resistance yesterday, leading to another daily correction and liquidating over $400 million. This was influenced by 3 negative news items: the USA job rate report and new restrictions from the European Central Bank on crypto, along with an alert from the USA watchdog on holding crypto.

Currently, Bitcoin is at the daily support level of 68,800, which is the last support. We expect it to return to 70,200 soon, but it will fluctuate in this range until the end of the daily correction. After completing the daily correction, it may break down and continue moving.

Key support: 68,800
Current resistance: 70,200

$ETH $SOL