Key Takeaways and Comprehensive Analysis 1. Bullish Momentum • The overall trend remains upward, with a potential target between $109k and $110k. • BTC is currently testing critical resistance near $105k–$106k, which aligns with key levels on multiple indicators and price dynamics. 2. Short-term Correction Risk • On shorter timeframes (2H/4H), RSI is approaching overbought levels, and ISPD indicators show signs of high satisfaction among investors. • A pullback to $100k–$101k (support from Auto AVWAP and EMA21) remains possible before the next leg higher. 3. No Imminent Supply Shock • While exchange balances appear to be dropping, this is mainly due to significant BTC migrating to ETF custody wallets. • The combined BTC supply in exchanges and ETFs has remained stable at around 3 million coins, suggesting no immediate scarcity driving this rally. 4. Upside Targets • Resistance: • $105k–$106k (major pivot). • $109k–$110k (next target, supported by structural analysis). • $114k–$115k (possible extension if momentum accelerates). • Support: • $101k–$103k (EMA21 and intraday key support). • $99k–$100k (psychological level and VWAP). 5. Trading Scenarios • Scenario 1 – Pullback Buy: • If BTC retraces to $100k–$101k, this could provide a strong entry point for traders aiming for the $109k–$110k target. • Scenario 2 – Breakout Entry: • A confirmed break above $106k (with a 4H or Daily close) would signal continuation, with targets at $109k and beyond. 6. On-Chain Confirmation • Metrics show steady capital inflows, with the Realized Cap increasing by 2.1x from the previous cycle’s low. • Long-term holders have distributed approximately 1.2 million BTC since December 2023, absorbed by new buyers at higher price levels. 7. Final Perspective • BTC remains in a strong bullish phase. The key inflection point at $105k–$106k will determine whether the next leg higher is immediate or preceded by a short pullback. • A breakout above $106k opens the door to $109k–$110k, with further upside possible if market momentum continues to build. • Traders can watch for entries on dips or breakout confirmations, with the current macro and technical environment favoring long positions.
compound a legendary project which to me it is totally undervalued when you will see this graphics with dates and lines, what would you say in the comments. i want you to give me your opinions. lets go
Possible scenario on brent after liquidity sweep. Daily continuation.
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Vergleich Gold, Silber, Platin, Palladium Wie sollte man in Edelmetalle investieren?
Hello traders! ‼️ This is my perspective on GOLD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. I want price to make a retracement price to fill the imbalance and then to reject from bullish OB. Like, comment and subscribe to be in touch with my content!
With the dxy showing bearish momentum whilst AUD dollar showing some strength, it would be a good idea to buy AUDUSD off this trendline.
Ethereum (ETH/USDT) 4H Analysis: Breakout Toward $4,000? Key Observations: 1. Potential Double Bottom Formation: ETH appears to be forming a double bottom near the $3,000 support level, indicating a potential bullish reversal. 2. 200 EMA Resistance: The 200 EMA ($3,324) is acting as resistance. A clear breakout above this level could confirm bullish momentum. 3. RSI Indicates Momentum Shift: The Relative Strength Index (RSI) is at 56.85, trending upward, suggesting increasing buying pressure but not yet overbought. 4. Potential Scenarios: Bullish Breakout: If ETH breaks and holds above $3,324, the next target could be around $4,000. Rejection & Retest: If ETH faces rejection at $3,324, it may retest $3,000 before another attempt higher. Conclusion: ETH is showing bullish potential, especially if it clears $3,324 resistance. A confirmed breakout could trigger a strong rally toward $3,800-$4,000. Traders should watch for volume confirmation to validate the move.
Alphabet's (Google) expected Q4 2024 metrics include: Google Properties revenue at $63.43B (+10.9% YoY), Google Cloud at $12.14B (+32.1%), YouTube ads at $10.16B (+10.4%), and Google Search & Other at $53.18B (+10.7%). Total revenue is forecasted at $81.38B (+12.5% YoY).
AR is looking for support. Today's green candle is cute but the Arweave structure has much to work on before a choch is confirmed. There are weak signs of bullish div however the current price is bouncing at a decent horizontal support.