🤓ANALYSIS BTC/USDT

Bitcoin continues to trade within the descending triangle, currently holding above a key horizontal demand zone.

✊The 200-day moving average is acting as resistance just above the triangle.

A breakout from this pattern could signal a bullish trend reversal.

However, if the price breaks below the demand zone and confirms the breakdown with a retest, it may lead to further downside in the market.

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BTC UPDATE:

BTC given move right from the harmonic demand zone also reclaimed the 57k level.

Now what's Next?

The 57k level will now act as the support for the BTC while the 58500 level will act as the resistance level for the BTC.

For the further bullish momentum of BTC it needs to flip the resistance levels.

As tonight we have a weekly closure volatility is expected

We need a closure above the 57k key level to then target the higher levels in the coming week if the closure is below it will not be a good sign

As things are not cleared it is advised to trade very cautiously and must use sl.

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BTC UPDATE:

BTC is currently respecting the 63k level which is a good sign.

The 65k level will now act as a resistance level after the 65k resistance level the next resistance level will be the 67k the EMA's are also aligning there as a resistance.

If BTC breaks the 63k support level the next support level will be the 62k level.

As we have a weekly closure tonight volatility is expected need a weekly closure at least above the 65k level to then target the higher levels in the coming days if the closure is below then it will no be a positive sign.

As the things are not cleared y#et trade cautiously and must use sl.

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BTC UPDATE:

BTC after breaking the 63366 level the 63k was our next strong support level and BTC respected it.

The 65k level will now act as a resistance level after the 65k resistance level the next resistance level will be the 67k the EMA's are also aligning there as a resistance.

If BTC breaks the 63k support level the next support level will be the 62k level.

We need a daily closure at least above the 65k level to then target the higher levels in the coming days if the closure is below then it will no be a good sign.

As the things are not cleared yet trade cautiously and must use sl.

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#FavoriToken #AirdropGuide #BinanceTournament #BTC UPDATE:

BTC given a wick till the 64k level as mentioned in the update yesterday that if 65k breaks the next support region will be the 64k level and the same thing happened.

The 67k level will still remain ac strong resistance as the EMA's are also aligning there as a resistance.

If BTC breaks the 64k support level the next support level will be the 63k level.

We need a daily closure at least above the 65k level to then target the higher levels in the coming days if the closure is below then it will no be a good sign.

As the things are not cleared yet trade cautiously and must use sl.

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$BTC

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Greeting Everyone,

Sol rejected from the upper rectangular resistance on daily

Currently approaching the daily demand zone sol has given rallies from this demand zone in the past the lower trendline is also acting as a support here.

If Sol didn't hold this daily demand zone then can reject further to the lower levels.

Thanks

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$SOL

#BTC UPDATE:

BTC is still in range the 65k level is acting as the support

While the 67k level is now acting as resistance

If BTC breaks the 65k support level the next support level will be the 64k level.

As we have a weekly closure for the bullish momentum of BTC it needs a closure at-least above the 66k level to then target the higher levels of 69 to 70k.

As today we have a weekly closure volatility is expected so trade cautiously and must use sl.

BitcoinEthereumTrading
$BTC

BTC UPDATE:

BTC is still in range the 65k level is acting as the support

While the 67k level is now acting as resistance

If BTC breaks the 65k support level the next support level will be the 64k level.

For the bullish momentum of BTC it needs a closure above the 67k level to then target the further level of 69 to 70k.

As the market condition is not cleared yet it is good to trade cautiously and must use sl.

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#FavoriToken #BinanceTournament $BTC

BTC UPDATE:

As mentioned in the previous update that if BTC break the support level of 69k the next support level will be the 66k level and the same thing happened after breaking the 69k level the BTC approached the 66k level.

Now what's Next ?

For BTC to give bullish move it need to hold the 66k support level if this level also breaks then the next support level for the BTC will be the 64k level.

The 69k level for the BTC will now act as strong resistance.

As the market condition is not cleared yet it is good to trade cautiously and must use sl.

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USDT.D UPDATE:

All eyes on USDT.D for now

USDT.D has currently reached the daily trendline resistance level a rejection from here will be a positive sign if incase USDT.D breakout from this trendline resistance level BTC and Alts will bleed more.

For the bullish momentum in BTC and alts a rejection is important if not market will remain choppy.

If incase USDT.D breakout from this trendline resistance level the next strong resistance region will be the 5.12% level.

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#BTC UPDATE:

BTC flip the 70k which was acting as resistance

Now the 70k level for BTC will act as the support

BTC has currently approached the rectangular resistance which is also the supply zone for the BTC now for the BTC to give further bullish momentum it needs to flip this rectangular resistance.

In case BTC didn't respect the 70k support level then the next strong support level for the BTC will be the 69k level.

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BTC UPDATE:

Btc had a breakout from the trendline resistance on 4hr currently at the retest.

The 70k level for BTC is still acting as strong resistance for BTC for the further bullish of BTC it needs to flip the resistance region marked in the chart.

The 67k level for BTC will still act as support region the EMA's are also aligning here.

Now for the BTC to give further bullish move it needs a daily closure above 70k level.

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Greeting Everyone,

After running the Poll for 24hr most of our members were interested in the analysis of SOL. Here is the detailed analysis of SOL.

Sol given move right from the demand zone mentioned on daily + also had a successful breakout and is pumped.

If we look it on hourly it is facing trendline resistance and has also reached the strong EMA resistance now for the further bullish momentum of SOL it needs a to flip this resistance level.

Thanks

BitcoinEthereumTrading
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BTC UPDATE:

BTC is currently at the strong support level of 67k daily 21 EMA is also aligning as a support here.

The 70k level for the BTC is still acting as a strong resistance rejected from there multiple times.

If BTC breaks the 67k support level the next strong support for BTC will be the 66k level.

As we have a monthly closure tonight volatility is expected.

A closure above the 66k level for the BTC will be a positive sign in case the closure is below then we may see a move to the lower levels in the coming month.
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Trade cautiously and must use SL.

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Tommorow is the Biggest Event of the Month after CPI

What's Coming?

- US GDP
- Jobless claims

And the reaction will be Most strange

Let me Explain.

Till Now in this market
*Bad data is a good News*

But tomorrow GDP outcome, traders should judge by, GOOD DATA BEING GOOD NEWS

AND jobless claims data as BAD DATA AS GOOD NEWS.

Didn't understood?

Yes, BAD Data is a good news but why GDP In opposite?

Because Rate cuts are coming!

Hence if GDP data if comes as bad data,

*We will have rate cuts + lower gdp = liquidity trap and hence we will start to price in deflation*

Deflation is more serious than inflation and more dangerous .

Hence GDP should come high and there should be more jobless tommorow, this is the validation of the bullish contination.

Both are at 5:30PM

Hence, today's movement is volatile for this event tommorow and hence NO CLEAR TREND it is.

So avoid futures from now till the Event Dust settles off.

Hence, we turn Neutral and have risk very managed.

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#BTC UPDATE:

BTC after rejecting from the 70k strong resistance level rejected to the strong support level of the 66k level.

BTC given a heathy correction to the 66k support where we also had a strong daily 21 EMA support as-well level.

BTC after grabbing the liquidity from the 66k level given a reversal.

Now the next strong resistance level for the BTC will be the 70k level

For the further bullish momentum of BTC it needs a to flip this strong resistance level of 70k.

The 66k level will still act as strong support level for BTC.

As we have a weekly closure today so volatility is expected a closure above the 66k level will be a positive sign if the closure is below then it will be not be good.
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#BTC UPDATE:

BTC after rejecting from the 70k strong resistance level rejected to the strong support level of the 66k level.

BTC given a heathy correction to the 66k support where we also had a strong daily 21 EMA support as-well level.

BTC after grabbing the liquidity from the 66k level given a reversal.

Now the next strong resistance level for the BTC will be the 70k level

For the further bullish momentum of BTC it needs a to flip this strong resistance level of 70k.

The 66k level will still act as strong support level for BTC.

As we have a weekly closure tomorrow so volatility is expected a closure above the 66k level will be a positive sign if the closure is below then it will be not good.
(Please support us by donating in return for our efforts. Thankyou)

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SOL Analysis:

Sol given move right from the demand zone mentioned on daily + also had a successful breakout and is pumped.

If we look it on hourly it is facing trendline resistance and has also reached the strong EMA resistance now for the further bullish momentum of SOL it needs a to flip this resistance level.
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Greeting Everyone,

After running the Poll for 24hr most of our members were interested in the analysis of ETH. Here is the detailed analysis of ETH.

ETH given move right from the demand zone mentioned on daily + also had a successful breakout and is pumped.

If we look it on hourly it is trading in a range the upper rectangular region is acting as resistance for the further bullish momentum of ETH it needs a to flip this resistance level.
(Please support us by donating in return for our efforts. Thankyou)
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Thanks

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$ETH