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⚠️Bitcoin Weekly Technical Analysis 🚨 📊Chart Overview: 💵Bitcoin is currently showing a strong upward trajectory after forming a New Box Pattern. Here's the breakdown: 📊Entry Zone: The ideal entry point was in the $65,000–$70,000 zone, where consolidation and accumulation took place. 📊Target Levels📈 📈Target 1 (TG1): $108,350 – The next immediate resistance zone. 📈Target 2 (TG2): $126,879 – A potential mid-term target if the bullish momentum continues. 📈Target 3 (TG3): $147,400 – A long-term projection for significant gains. 🔴Support Zone: 💵The $90,500–$93,000 area serves as a critical support level, which needs to hold to maintain the bullish trend. 🔼🔼 Observations: ✅Bitcoin has successfully broken out of its previous consolidation phase. ✅A pullback to the $90,500 region could provide a re-entry opportunity for those who missed the initial rally. 📌 Action Plan: ✅Monitor Bitcoin's movement near TG1. A break above TG1 could signal further upside momentum toward TG2 and TG3. Stay cautious of any rejections near resistance zones. #OnChainLendingSurge
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$ARK analysis: Support Area: $0.388-$0.437 Resistance Area: $0.625-$0.67 Price is currently testing the resistance area; we will see how it reacts. This is a no-trade zone, so it is better to wait for a better opportunity.
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Support Area: $290-$297 $AAVE has broken out of the symmetric triangle pattern downward, and the price has now reached the lower support area. You can consider opening a long position at this support level with a stop loss in place, as we may see a bounce from here. #CryptoMarketDip
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$RENDER analysis: Support Area: $6.60-$7.00 Resistance Area: $9.90-$10.55 Price is slowly approaching the resistance area; let's see how it reacts. This is not a trade zone, so it's better to wait for a good opportunity. #BinanceMegadropSolv
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$NEXO analysis: Resistance Area: $1.48-$1.56 Price is now approaching the resistance area; let's see how it reacts there. We will only open new long positions after a break above the resistance area.
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