With BTC sliding to 93.7K and ETH getting absolutely slaughtered, meantime Solana is selling into green support, the big question is—when does this end? The temperature on BTC is still holding around 74, so if BTC pushes back above 100K, the bull market could stay alive. But with ETH taking such serious beating, it raises the question—is ETH done? Could Solana be ready to take over? Meanwhile, Trump’s presence in the market and his TRUMP coin fuelling speculation it's shaking things up All eyes on BTC now. Can Butters lead the charge, or is more pain ahead? Goodluck friends :)
OANDA:GBPNZD is approaching a critical resistance zone that has previously attracted strong selling interest, making it a key level to watch. If rejection signals appear, such as bearish engulfing candles or increased selling volume, I anticipate a move toward 2.19900. However, if the resistance fails to hold, it may open the door for further upside. This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in. Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments. Best of luck , TrendDiva
The price perfectly fulfilled my last idea. It hit the target level. The February candle opened with a significant gap. Typically, when a gap occurs, the price tends to fill that gap, and this time may be no exception. If FX:EURUSD does fill the gap, it could present an opportunity to short the market. Given that the market opened near the previous month's low, I believe it may consolidate above that level before moving lower or filling the gap and then continuing its downward movement. It seems likely that the price will form a range zone during this time. I expect the market to at least retest the previous monthly low and the area below it. My goal is support zone around 1.01300 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ??
Bitcoin manages to sell off, as analysed from the previous analysis. However within the 4hr and 1hr timeframes, a bullish pullback will be dominant as a way of erasing the bearish pressure. Within the D and W frames, the crypto is still ranging. As of now price action may oscillate between 106k and 91k.
Bitcoin is trading below the EMA50 and EMA200 on the four-hour timeframe and is trading in its descending channel. Bitcoin’s upward correction and its placement in the supply zone will allow us to resell it. It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and capital management in the cryptocurrency market will be more important. If the downward trend continues, we can buy in the demand range. In the past trading week, spot Bitcoin ETFs saw an inflow of $560 million, though this represents a significant decline compared to the previous two weeks. Meanwhile, as of January 31, 2025, U.S. spot Ethereum ETFs recorded a minor outflow of $45 million, though this decline was not particularly drastic. At the same time, Standard Chartered Bank has advised investors in a new research note to view Bitcoin’s drop below $100,000 and the over 6% single-day decline in the crypto market as a buying opportunity. Jeff Kendrick, Head of Digital Asset Research at Standard Chartered, stated: “Hope is not a strategy.” He further explained: “When hope disappears, digital asset prices tend to fall by 10% to 20%.” Despite recent market volatility, Standard Chartered remains optimistic about Bitcoin’s price trajectory in 2025. The bank’s research suggests that growing institutional interest could accelerate Bitcoin’s potential surge to $200,000 by the end of the year. Last week, Donald Trump fulfilled two key promises to the crypto industry: 1. Granting clemency to Ross Ulbricht, the founder of Silk Road, who is regarded as a symbolic figure among Bitcoin and libertarian communities. 2.Signing an executive order on cryptocurrencies, which aims to enhance regulatory transparency for digital assets, promote stablecoins, prevent the debanking of the crypto sector, and ban the creation of a Central Bank Digital Currency (CBDC). In parallel, Jeff Kendrick of Standard Chartered also warned investors to pay close attention to altcoins, referring to cryptocurrencies other than Bitcoin that are expected to experience significant growth in the coming year. He stated: “As soon as we enter the second phase, in my view, the altcoin season will begin.” Kendrick further noted that institutional flows will primarily drive Bitcoin and Ethereum investments, partially offsetting the rotation into altcoins. Responding to the growing interest in Bitcoin and Solana, MetaMask is planning to expand beyond Ethereum. The company is currently working on integrating Bitcoin functionality while simultaneously exploring decentralized finance (DeFi) opportunities across multiple blockchain ecosystems. Meanwhile, Texas Lieutenant Governor Dan Patrick has identified the establishment of a state Bitcoin reserve as a top priority for 2025. Texas, already a pioneer in adopting Bitcoin at the state level, continues on this path despite challenges at the national level. If the proposal is approved, Texas will become the first U.S. state to hold Bitcoin as a financial reserve on its balance sheet, a move that could accelerate Bitcoin adoption within the U.S. financial system.
1. Recent Price Action Current Price: $97,123 Recent High: $102,014 Recent Low: $90,000 Price Movement: Bitcoin has experienced significant volatility, recently dropping below $100,000, which has raised concerns among traders. The price has fluctuated between $90,000 and $102,000, indicating a potential consolidation phase. 2. Key Technical Indicators Moving Averages:50-day MA: $98,500 (currently acting as resistance) 200-day MA: $85,000 (providing long-term support) Relative Strength Index (RSI): Currently at 52, indicating a neutral stance but leaning slightly bullish. MACD: The MACD line is approaching the signal line, suggesting a potential bullish crossover if the price holds above $97,000. 3. Volume Analysis Average Volume: Approximately 10 million BTC traded daily. Recent Volume: A notable increase in volume was observed during the recent price drop, indicating strong selling pressure. Volume Patterns: The correlation between price and volume suggests that the recent drop was supported by high selling volume, which may indicate a bearish sentiment. 4. Support and Resistance Levels Support Levels:Primary Support: $93,000 (recent low) Secondary Support: $90,000 (psychological level) Resistance Levels:Primary Resistance: $102,000 (recent high) Secondary Resistance: $106,000 (key overhead area) 5. Breakout/Breakdown Points Breakout Point: A close above $102,000 with strong volume could signal a bullish breakout, targeting $106,000 and potentially $110,000. Breakdown Point: A close below $93,000 could indicate a bearish breakdown, targeting $90,000 and potentially $87,000. 6. Anomalies and Divergences Divergence: There is a bearish divergence noted between price and RSI, as the price has made lower highs while RSI has not confirmed this trend, suggesting potential weakness in the current uptrend. 7. Risk and Reward Scenarios Long Position: Entry Point: $102,500 (breakout confirmation) Stop-Loss: $100,000 (below recent support) Target Price: $106,000 (first target) Risk/Reward Ratio: 1:2 (risking $2,500 to gain $3,500) Short Position: Entry Point: $92,500 (breakdown confirmation) Stop-Loss: $94,500 (above recent resistance) Target Price: $90,000 (first target) Risk/Reward Ratio: 1:2 (risking $2,000 to gain $2,500) Bitcoin is currently in a critical phase, with potential for both bullish and bearish movements. Traders should closely monitor the key support and resistance levels, as well as volume trends, to make informed decisions. The analysis indicates that a breakout above $102,000 could lead to further gains, while a breakdown below $93,000 could signal a deeper correction. Always adhere to risk management principles and adjust stop-loss levels as necessary to protect capital.
SELL 1.47000 | STOP 1.48200 | TAKE 1.45600 | Correction moving from high level.
Monthly CLS, Key Level OB midpoint, Build up candle you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. https://www.tradingview.com/x/aVeVgSeN/ CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. https://www.tradingview.com/x/C4QY64nH/ Good luck and I hope this educational post helps to become better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Cardano has dipped way below what we thought it would, which wiped out a lot of traders for sure. Now we see a potential to recover towards the upper CME gap so eyes on that now! More in-depth info is in the video—enjoy! Swallow Team
I think bitcoin will bounce up to $97000 before continuing down to $86500 This the scalp long to $97000 before the short