$BTC

Market Overview
- BTC is unfolding a classic Elliott Wave impulse, currently correcting in Wave 4.
- This correction has established strong support near the $94,500-$96,000 zone, aligning with the 38.2%-50% Fibonacci retracement of Wave 3.
- The Wave 5 target is projected at $115,000, based on Fibonacci extensions and historical price momentum.

Technical Analysis

1. Wave Count Breakdown:
- Wave 1: Initiation of bullish momentum with a strong breakout.
- Wave 2: Healthy retracement establishing a higher low.
- Wave 3: Extended bullish rally, peaked at $108,000, showing typical impulsive strength.
- Wave 4: Ongoing corrective phase, respecting key Fibonacci retracement levels.
- Wave 5 (Projected): Anticipated bullish rally toward $115,000, potentially extending to $118,000 under strong momentum.

2. Key Levels to Watch:
- Support Zones:
- $93,000-$94,000: Key demand zone where buying interest is evident.
- Break below $92,000 invalidates the bullish Elliott Wave structure.
- Resistance Levels:
- $108,000: Wave 4 high, pivotal for confirming a bullish breakout.
- $115,000: Projected Wave 5 target based on 1.618 Fibonacci extension of Wave 3.
- $118,000: Secondary extension level if bullish momentum sustains.

3. Fibonacci Analysis:
- Wave 4 Correction:
- Aligns with the 38.2%-50% retracement of Wave 3, a standard correction zone.
- Wave 5 Projection:
- Targets 1.618 Fibonacci extension of Wave 3, landing near $115,000.

4. Trendline Analysis:
- A rising trendline connecting Waves 1 and 3 provides structural support.
- Parallel projection supports the expected upward movement toward Wave 5.

Momentum and Indicators

1. RSI (14):
- Wave 4 correction shows RSI consolidating in the 40-50 zone, indicative of oversold conditions.
- A bullish crossover above 50-60 will confirm the start of Wave 5.

2. MACD (12, 26, 9):
- MACD histogram flattening during Wave 4 indicates diminishing bearish pressure.
- A bullish crossover on MACD lines will serve as a strong signal for Wave 5 initiation.

3. Volume Profile:
- Accumulation in the $93,000-$94,000 zone reflects strong institutional interest.
- Wave 5 should see a notable rise in volume as price approaches $108,000 and breaks out toward $115,000.

Trading Plan

1. Entry Points:
- Accumulate positions in the $94,500 - $96,000 support zone.
- Add on breakout confirmation above $108,000 for conservative entries.

2. Stop-Loss:
- Place below $92,000 to limit downside risk and invalidate the current wave structure.

3. Profit Targets:
- Primary Target: $115,000 (Wave 5 Fibonacci extension).
- Stretch Target: $118,000 if momentum sustains post-breakout.

4. Risk Management:
- Risk no more than 1%-2% of capital per trade.

Scenarios

1. Bullish Scenario:
- Price holds the $94,000-$96,000 zone and breaks above $108,000 with volume confirmation.
- Wave 5 achieves $115,000, with possible extensions to $118,000.

2. Bearish Scenario:
- Failure to hold $92,000 invalidates the current Elliott Wave structure.
- Price may retrace deeper, targeting the $88,000-$90,000 zone.

Pro Summary
BTC is setting up for an impulsive Wave 5 rally, with $115,000 as the primary target. A breakout above $108,000 will confirm the next leg of the bullish trend. Maintain a disciplined approach with stops below $92,000 and adjust positions as the price action unfolds. 🚀

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading cryptocurrencies involves significant risk, and you should do your own research or consult with a professional before making any investment decisions
#BinanceAlphaAlert #BTCNextMove #USUALBullRun #ElSalvadorBTCReserve #USJoblessClaimsFall

$BTC
The Bitcoin (BTC) market is currently trading at $97,643.14, reflecting a +0.55% daily change, as per the 4-hour chart from Binance. Here's a detailed breakdown of the situation and potential market scenarios:

1. Ascending Channel Pattern

The chart indicates that Bitcoin has been trading within an ascending channel since October, showcasing higher highs and higher lows. This pattern often signals bullish momentum, but a breakout or breakdown at the channel's boundaries could determine the next trend direction.

2. Key Levels to Watch

Support Levels: The lower boundary of the ascending channel near $95,000 serves as the immediate support. A breakdown below this level could push BTC toward the $90,000-$92,000 range.

Resistance Levels: On the upside, Bitcoin faces psychological resistance at $100,000. A breakout above this level could trigger a rally toward $110,000 or beyond.

3. Volume Analysis

The 24-hour volume shows robust trading activity, with 53.7k BTC traded, equivalent to a USDT value of $5.32 billion. This signifies active participation from traders, especially at critical levels.

4. Market Sentiment

The sharp pullback from the upper channel boundary suggests caution among buyers at higher levels. However, the bounce at support levels indicates buyers are still active, preventing a steep decline.

5. Potential Scenarios

Bullish Scenario: If BTC holds above the lower channel boundary and breaks past $100,000, we may witness renewed bullish momentum, attracting further institutional interest.

Bearish Scenario: A break below $95,000 could invalidate the ascending channel, potentially triggering a correction toward $90,000.

6. Trading Strategy

For Long Positions: Wait for a confirmed breakout above $100,000 with increased volume. Set a stop-loss around $95,000 to manage risk.

For Short Positions: Look for a confirmed breakdown below $95,000. Target the $90,000 level, with a stop-loss at $98,000.
#USUALBullRun
#BTCNextMove
#USUALTradingOpen
---#USJoblessClaimsFall
#BinanceAlphaAlert
Conclusion

The Bitcoin market is at a pivotal point, trading near critical levels within the ascending channel. While the current structure favors bulls, the market's response to the $95,000-$100,000 range will shape the mid-term trend. Stay updated and manage your trades carefully during these volatile times.

Bitcoin (BTC) has recently experienced a decline, dropping below the $100,000 mark after reaching an all-time high earlier this month. Several factors contribute to this downturn:

Federal Reserve's Monetary Policy

The Federal Reserve's recent decision to cut interest rates by 25 basis points has introduced uncertainty into financial markets. Although rate cuts can sometimes stimulate investment in riskier assets like cryptocurrencies, the Fed's cautious approach and indications of fewer rate cuts in 2025 have led to market volatility. This uncertainty has prompted some investors to liquidate their Bitcoin holdings, contributing to the price decline.

Profit-Taking by Long-Term Holders

Bitcoin's surge to nearly $100,000 presented a lucrative opportunity for long-term investors to realize significant profits. Data indicates that holders who acquired Bitcoin at approximately $57,900 have been selling to capitalize on gains exceeding 60%. This increased selling pressure has created a psychological resistance around the $100,000 level, hindering further price appreciation.

Market Sentiment and 'Sell-the-News' Behavior

The anticipation of favorable regulatory changes under the incoming Trump administration initially boosted Bitcoin's price. However, following the actual policy announcements, a 'sell-the-news' sentiment emerged, leading investors to offload their holdings after the anticipated event occurred. This behavior has contributed to the recent price decline.

Technical Market Factors

Analysts have observed that Bitcoin's price has broken a head-and-shoulders pattern, a technical indicator often associated with a bearish trend. This pattern suggests the possibility of further declines, with the next support level around $99,000. To invalidate this bearish outlook, Bitcoin would need to rise above $105,000.

In summary, Bitcoin's recent decline is influenced by a combination of macroeconomic factors, profit-taking by long-term investors, market sentiment shifts, and technical indicators. As always, the cryptocurrency market remains highly volatile, and investors should exercise caution and conduct thorough research before making investment decisions.
#BinanceAlphaAlert #BTCNextMove #USUALBullRun #MarketCorrectionBuyOrHODL? $BTC $ETH $XRP

The crypto market has seen a severe decline and Bitcoin, Ethereum, and XRP price have been among the most affected assets.
In the last 24 hours, there has been an increase in sell-offs and liquidations. This is due to several economic and market conditions.
Bitcoin, Ethereum, and XRP Price See Significant Losses
Bitcoin price fell by 7.2% and traded between $106,500 and $98,800 on CoinMarketCap. Similar to Bitcoin, Ethereum fell by 9% and was trading at just above $3,500.
XRP was the biggest loser among the largest cryptocurrencies, down 19% to $2.2 from $2.6.
Similar to other Cryptocurrencies, Solana (SOL) also faced the heat and slid under $200, erasing almost 12% of its value.
Combined, these losses caused over $800 million in liquidations in one day, as per the data from CoinGlass.
Hawkish Federal Reserve Sparks Investor Concerns, Bitcoin Price Recovers
According to analyst Ali Martinez, the Federal Reserve’s policy change has become one of the main reasons for the crypto market crash.

After the latest FOMC meeting, the Fed Chair Jerome H. Powell stated that the board has decided to cut the interest rate by 25 basis points to 4.25–4.5%.

Although the rate cut was as expected, Powell’s remarks on the “higher-for-longer” inflation path affected the market negatively.

The central bank shifted its inflation forecast for 2025 from 2.1% to 2.5%. This indicates a slower pace of rate cuts in the next year.

Concerns arising from the unpredictable inflation and monetary policy forced investors to avoid any investment risks, including cryptocurrencies.
#BTCNextMove

The FOMC just dropped a bombshell: The Fed cannot hold Bitcoin, and no changes are planned to make it possible! ❌

Here’s my detailed breakdown of today’s FOMC meeting and its implications. Buckle up, we could see turbulence ahead, with BTC potentially dipping below $60k. 🧵👇

🔑 Key Takeaways from Today’s Meeting:

1️⃣ GOOD NEWS: The Fed cut interest rates by 25 bps ✅

This makes investments in high-growth assets like crypto more attractive.

Remember 2021? Similar rate cuts ignited a legendary bull run. 🚀

2️⃣ BAD NEWS: Powell’s statement:

The Fed cannot legally hold Bitcoin under current regulations.

No legislative changes are in the pipeline to alter this. ❌

🤔 What Does This Mean? Let’s Break It Down:

1️⃣ Rate Cuts:

Lower interest rates = more capital flowing into high-growth assets like crypto.

Historically, this has fueled bullish momentum in Bitcoin and beyond.

2️⃣ Bitcoin Reserve Block:

Powell confirmed that the Fed, as an independent body, cannot hold BTC without Congressional action.

Could Congress change this? Potentially—with strong leadership and advocacy.

🌍 Why the U.S. Should Consider a BTC Reserve:

📉 Declining Dollar Dominance: The U.S. dollar is losing its grip as the global reserve currency.

📈 Mounting National Debt: Bitcoin could be a hedge against economic instability.

🔗 Digital Economy Leadership: Securing a position in Bitcoin could future-proof the U.S. economy.

📉 Market Reaction:

Powell’s remarks caused a $277M liquidation wave, shaking out weak hands. 🌊

This correction mirrors earlier cycles: pump → consolidation → breakout → correction (~20%).

🛠️ My Strategy:

Spot Positions: Holding firm 💎🙌

Viewing this dip as a healthy correction and a setup for higher highs.

My target: $90k BTC in the near future, leading to new all-time highs.

⚡ Final Thoughts:

This is likely just another shakeout before the next major upside move. 🔥
Stay calm, stay focused, and trust the process. 🌟

💬 What’s your take on today’s events? Are you buying the dip or staying on the sidelines? Let’s discuss below! 👇
#BTCNextMove #BinanceAlphaAlert $BTC