Bitcoin (BTC/USDT) Analysis:
1. Bullish Trend: Bitcoin has indeed bounced from the yellow zone between 62,377.7 and 59,586.4, which was a strong support area playing a crucial role in keeping the price above key levels. This bounce strongly suggests that the market has likely seen its final significant drop, with an 80% probability that this is the last bottom before a continued bullish trend.
2. Upside Momentum: The current trend shows clear bullish momentum after this strong bounce, indicating that the market is entering a new phase of upward movement. Technical indicators support this scenario, with the Stochastic RSI showing a bullish crossover, which further supports the continuation of this trend.
3. Price Gap at 65,000: There is an important price gap around the 65,000 level, which could be the first target for the current upward move. The market tends to fill price gaps, increasing the likelihood of reaching this level in the short term.
4. High Short Liquidations: With significant short liquidations expected around the 70,000 and 73,000 levels, this could accelerate price movements toward these levels. These liquidations will increase buying pressure due to forced short covering, further supporting the possibility of strong upward movement.
5. Upcoming Resistance Levels:
• 65,000: The first resistance level at the price gap, which could act as the first stop for the bullish move.
• 70,061.9: A major resistance level where some minor corrections could occur.
• 73,844.9: The previous high, which represents the final target for the current bullish wave. Breaking this level could lead to even faster upward acceleration.
6. Strategy:
• Buying on Dips: With ongoing bullish momentum, the best opportunities may lie in buying on any minor pullbacks or corrections.
• Monitor Liquidations at 70,000 and 73,000: If the expected short liquidations are triggered at these levels, this could result in a rapid price movement upwards.
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