#Bitcoin is currently sitting at a resistance zone!🚨
Price is at a key confluence where previous rejections occurred, making a short-term pullback increasingly likely.
If price retraces, I'll be watching the 0.236 Fibonacci level closely.
That area isn't important just because of the Fibonacci level - it also lines up with a potential retest of the upper trendline of the "inside" broken descending channel, while at the same time coinciding with the lower support trendline of the larger ascending channel.
When multiple technical levels converge like this, they often create a high-probability support zone where buyers step back in.
If that confluence holds, I'll be looking for a long entry.
#Crypto
hyperliquid:native PRICE IS AT IMPORTANT LEVEL!🚨
Price is testing the top of the descending channel once again.
If the price rejects at the channel resistance but successfully defends the 0.618 Fib support, it would keep the bullish structure intact and increase the probability of a successful breakout on a future retest.
Hold the 0.618 Fib as support → Higher probability of a breakout with $57.50 as the next target (50 SMA + 0.5 Fib).
Lose 0.618 Fib → Expect another flush toward $51.
#Crypto
ethereum:native surged after softer than expected CPI data!🚀🚀🚀
#Ethereum broke out above the key horizontal resistance level, confirming a bullish breakout on the daily chart.📈
The price is now testing the next major Fibonacci resistance (0.382). Given the recent jump, a short-term pullback wouldn't be surprising.📉
If a pullback occurs, all eyes will be on the previous resistance level, which should now act as support.👀
A successful retest and support confirmation would validate the breakout and increase the probability of another leg higher toward the next resistance zone.🚀
#Trading
bitcoin:native AT IMPORTANT LEVEL OF THIS CYCLE!!! 🚨🚨
Bitcoin is sitting at a major resistance zone, where two key technical factors are converging:👇
1. 0.5 Fibonacci retracement
2. Long-term channel resistance
✅50-Month SMA providing support just below price.✅
A confirmed monthly close above this area could shift momentum back in favor of the bulls. 🚀
A rejection, however, would strengthen the case for another move lower. 📉
The next monthly candle could define Bitcoin's next major trend. 📈
#CryptoMarket #Trading
Топ 5 на най-интересните криптовалути, които да следите сега, преди големия хайп: Президентът на Ел Салвадор ще се срещне с Путин през 2025 г. https://t.co/lszEzEhXbz
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Прогнозира се, че цената на Dogecoin ще достигне $1 до 2025 г., докато PropiChain се стреми към по-безопасна възвръщаемост от 30,000% https://t.co/hG2Z8vLHtd