📉 Bitcoin Weekly Candle Watch: Holding $59K or Heading to $54.8K/$44K?"
As we approach the end of the week, I would like to provide an update on my previous post regarding Bitcoin (BTC) from a few days ago. As anticipated, Bitcoin has declined to approximately $59,000. It will be particularly interesting to observe how today’s daily candle closes, as well as the crucial weekly candle close in two days.
Currently, we are trading just above the support trend line, which is positioned at $59,000. If this level is not maintained from both the daily and weekly perspectives, there is a possibility that the price may continue to decrease. I have prepared price targets in anticipation of such a scenario. The first target is around $54,800, and if this level is not held, the next critical point for BTC is $44,000.
I successfully entered a long position just above the $59,000 mark, which is currently up over 240% and continues to grow. 📈 What are your thoughts? Do you believe we can maintain this key support level and push back towards resistance, or are we more likely to test the lower levels indicated in the chart? I would appreciate your insights. 💬 $BTC
📉 Bitcoin Weekly Candle Watch: Holding $59K or Heading to $54.8K/$44K?"
As we approach the end of the week, I would like to provide an update on my previous post regarding Bitcoin (BTC) from a few days ago. As anticipated, Bitcoin has declined to approximately $59,000. It will be particularly interesting to observe how today’s daily candle closes, as well as the crucial weekly candle close in two days.
Currently, we are trading just above the support trend line, which is positioned at $59,000. If this level is not maintained from both the daily and weekly perspectives, there is a possibility that the price may continue to decrease. I have prepared price targets in anticipation of such a scenario. The first target is around $54,800, and if this level is not held, the next critical point for BTC is $44,000.
I successfully entered a long position just above the $59,000 mark, which is currently up over 240% and continues to grow. 📈 What are your thoughts? Do you believe we can maintain this key support level and push back towards resistance, or are we more likely to test the lower levels indicated in the chart? I would appreciate your insights. 💬 $BTC
Bitcoin June Alert: Testing $65,500 Support – Rebound or Drop to $59K? 📉🚀
The cryptocurrency market has entered June with significant volatility, making it an opportune time to provide an update on Bitcoin (BTC) and its current support and resistance levels. 📈
Examining $BTC from the daily candle timeframe, it is crucial to note that since Bitcoin fell below $77,000, the monthly candle close for May also closed unfavourably below this threshold. This development is concerning. 📉
Currently, the price is testing a key support level at $65,500. If a higher timeframe candle close occurs above this level, there is optimism that the price will rebound from this point. 🚀
However, if the price closes below this support level in a higher timeframe candle, the next level of interest is approximately $59,000. Detailed targets and price levels can be observed in the accompanying charts. 📊
Bitcoin June Alert: Testing $65,500 Support – Rebound or Drop to $59K? 📉🚀
The cryptocurrency market has entered June with significant volatility, making it an opportune time to provide an update on Bitcoin (BTC) and its current support and resistance levels. 📈
Examining $BTC from the daily candle timeframe, it is crucial to note that since Bitcoin fell below $77,000, the monthly candle close for May also closed unfavourably below this threshold. This development is concerning. 📉
Currently, the price is testing a key support level at $65,500. If a higher timeframe candle close occurs above this level, there is optimism that the price will rebound from this point. 🚀
However, if the price closes below this support level in a higher timeframe candle, the next level of interest is approximately $59,000. Detailed targets and price levels can be observed in the accompanying charts. 📊
Bitcoin June Alert: Testing $65,500 Support – Rebound or Drop to $59K? 📉🚀
The cryptocurrency market has entered June with significant volatility, making it an opportune time to provide an update on Bitcoin (BTC) and its current support and resistance levels. 📈
Examining $BTC from the daily candle timeframe, it is crucial to note that since Bitcoin fell below $77,000, the monthly candle close for May also closed unfavourably below this threshold. This development is concerning. 📉
Currently, the price is testing a key support level at $65,500. If a higher timeframe candle close occurs above this level, there is optimism that the price will rebound from this point. 🚀
However, if the price closes below this support level in a higher timeframe candle, the next level of interest is approximately $59,000. Detailed targets and price levels can be observed in the accompanying charts. 📊
As Friday comes to fruition, we see the markets have been extremely volatile this last week, especially for crude oil. 📈
I jumped into a quick long position this morning with a leverage position currently up over 63%. On my $CL chart, it is currently just trading below one level of resistance at $89.4. 💰
I do believe if we can have a strong four-hour candle close above this level, then I believe we can hit the resistance trend line shown in the chart provided around $91. 📊
Also, if we are unable to break above this current level and we keep failing to break resistance, then we are most likely going to be heading to test support levels. 📉
What do you think? Let me know your thoughts! 🤔 $uso #oil
The UEX era is HERE and I'm already winning across every market.
📈 $ETH Perp Long 91x → +105%
🛢️$USO Commodity 500x → +316%
🥇 $XAU Gold 500x → +100%
Crypto. Oil. Gold. One exchange. One account. This is what @Bitget UEX was built for.
The future of trading doesn't pick favorites it trades everything 💎
The UEX era is HERE and I'm already winning across every market.
📈 $ETH Perp Long 91x → +105%
🛢️$USO Commodity 500x → +316%
🥇 $XAU Gold 500x → +100%
Crypto. Oil. Gold. One exchange. One account. This is what @Bitget UEX was built for.
The future of trading doesn't pick favorites it trades everything 💎
So as Friday comes to an end, let’s reassess Bitcoin’s current levels and how things have managed to play out over the last couple of days. 📈
Since the last post, we can see that BTC slowly made its way up towards that upper target we highlighted in the previous post at around $81,600. 🚀 However, from the daily candle perspective, it has rejected this zone and is currently trading just below $80,000. 📉
Now, we do have an important key level currently sitting around $78,000. 🔑 The question will be how the weekly candle is going to close in the next couple of days. 🕰️
What do you think? Can $BTC push back and test that resistance level above at $81,600, or are we more likely to come down and test that support level? 🤔 Let me know your thoughts! 💬
Bitcoin has kicked the week off with a bang 🚀, breaking above $80,000 after successfully holding support at $78,000 from the four-hour candle perspective.
At the moment, I’m noticing some resistance forming around $80,500, with potential targets higher if momentum continues 📈. Support remains around $78,000, which will be the key level to watch if there’s any pullback.
The big question is whether bitcoin:native can keep up this momentum for the rest of the week, or if this is just a quick fake-out above $80,000 🤔. Only time will tell if this is the real deal!
⚠️ Disclaimer: This is not financial advice. Please do your own research before making any investment decisions. Cryptocurrency is volatile and high risk!
Sometimes, it’s good to step away from trading and truly savour the beautiful moments life has to offer. 🌊☀️
Sitting by the #beach, watching the crystal-clear water gently lap the shore on a perfect sunny day, while enjoying a relaxed breakfast. 🍳 These simple pleasures feel priceless. 🏖️
I know I won’t be able to do this once I’m back in London. 🙌
Crude oil plummeted below $100 today, experiencing extreme volatility. 📉 Consequently, I’ve updated my analysis and levels. I’ll be closely monitoring this week’s developments. 📅
We’ve observed a drop and a test of a support trend line approximately at $94. 📊 While it briefly fell below this level, the price managed to close above it in a four-hour candle. 🕒 Additionally, there’s a resistance trend line above around $102, currently trading between these levels. 📈
With targets set above and below, you can refer to the provided chart. 📁 At the moment, the market appears somewhat indecisive, so it’ll be intriguing to see how it unfolds over the next few days. 🤔
What are your thoughts? I’d love to hear your insights. 💬 $USO #oil #IranWar
Bitcoin has kicked the week off with a bang 🚀, breaking above $80,000 after successfully holding support at $78,000 from the four-hour candle perspective.
At the moment, I’m noticing some resistance forming around $80,500, with potential targets higher if momentum continues 📈. Support remains around $78,000, which will be the key level to watch if there’s any pullback.
The big question is whether bitcoin:native can keep up this momentum for the rest of the week, or if this is just a quick fake-out above $80,000 🤔. Only time will tell if this is the real deal!
⚠️ Disclaimer: This is not financial advice. Please do your own research before making any investment decisions. Cryptocurrency is volatile and high risk!