Fire🔥in Playground

#bitcoin | Fiat Currencies is Shitcoins | The world system is a big ponzi scheme!

[James @JamesEastonUK]

Keep calm my brothers.

You are going to win so hard.

[Sminston With 👁 @sminston_with]

Massive uptick in ISM Manufacturing PMI.

July = 55.6

I'm literally shaking.

[Adam Livingston @AdamBLiv]

🔥BITCOIN AND MSTR TO MOON🔥

Median 12-month Bitcoin return whenever we've seen ISM PMI break out above 55 is +554%.

This would IMPLY a Bitcoin price of $417,160.

Is this going to happen? IDK. I'm not predicting it. But you can't ignore this bullish signal.

What would this mean for MSTR?

If they never bought another Bitcoin over 12 months, they never issued another preferred share, and they sold MSTR to pay the dividends, and the mNAV stays at 1.04x like it is today...

...it's $756.50 per MSTR share.

WOW!

[Killa @KillaXBT]

$BTC

Pretty textbook short squeeze.

Leverage has been completely flushed out, while funding remains low.

Looks like a lot of people got caught on the wrong side of this LTF move higher.

[Jesse Olson @JesseOlson]

$BTC macro bottom continues to trend near October.

Once orange line crosses dark blue line, then we are within a couple of weeks.

Orange box is the same target as 2022.

Eight more weeks?

[Titan @Washigorira]

#Bitcoin

Every bear market has an expiration date

[Quinten @QuintenFrancois]

Isn't it hilarious that bitcoin:native literally pumped on the news of Strategy selling more Bitcoin?

[Doctor Orderflow @DoctorOrderflow]

$BTC
A good example of spot overpowering futures.

The breakdown towards lower $62k brought in fresh shorts (OI up while perps CVD sold). Instead of continuation, spot buyers absorbed the pressure and triggered a squeeze.

Now price is pressing into the descending trendline around $64.2k.

[CryptoQuant.com @cryptoquant_com]

Bitcoin is in an Accumulation Zone, But Bottom Has Not Yet Been Confirmed

“Historically, such zones have appeared during the late stages of bear markets. This improves the long-term risk-reward profile, but it does not mean a local bottom has already formed.” – By @AxelAdlerJr

[Jesse Olson @JesseOlson]

$BTC is getting closer to finding a bottom but not yet.

Wipe nearly $10B in leverage -> Saylor sells again -> Price forms bottom -> Next bull run

This would be a wild grand finale. 🍿

[Daan Crypto Trades @DaanCrypto]

$BTC Moving up to the upper part of its trend line. Now trading back at the Weekly 200MA level which it has chopped around for a while now.

For another larger leg to occur, you'd need to see a proper breakout of the falling wedge. Not just a wick above.

[Rekt Capital @rektcapital]

#BTC

Bitcoin is once again downside deviating below the 200-week SMA (orange)

This deviation comes after price formed a brand new multi-week Lower High (black)

$BTC #Crypto #Bitcoin

[G a a h @gaah_im]

It is extremely rare for price to approach the Operating Cost, currently around ~$49k.

- An interesting point: During the previous bear market (2022), Operating Cost band was in $12k–$10k range and was never reached ⚠️

[Michaël van de Poppe @CryptoMichNL]

#Bitcoin continues to hold above the crucial 21-Day and 50-Day MA's.

This is a strong signal for the markets to be betting on the long side of this asset, however, it's still a little fragile.

I'd much prefer to see a strong move to $66,000-67,000 over the next 1-3 days to see a continuous bid coming in.

Wednesday: FOMC meeting, usually a risk-off appetite prior to the event and then a risk-on appetite after.

If $67,000 breaks, the path towards $73,000-75,000 seems imminent.

[Daan Crypto Trades @DaanCrypto]

$BTC These levels are still all you need.

The level to break for the bulls is that local high from June/July at ~$67K. From there you can start targeting
the daily 200MA/EMA coming in around the $72K-$73K area.

On the downside, the high timeframe support to hold is that $60K range low.

[Rekt Capital @rektcapital]

#BTC

The new Weekly Close is in and here is what we've learned:

- Bitcoin Weekly Closed below the February/March lows, still technically treating them as resistnace

- Price Weekly Closed at a slight Lower High which is still worth monitoring as a potentially sign of strengthening resistance at ~$66k (blue)

- The volume was able to overturn seller-dominance into buyer dominance, though no breakout on volume and the buy-side volume is still technically in decline dating back to early June

February/March lows are still the ceiling as we slowly head into August

$BTC #Crypto #Bitcoin

[“Coosh” Alemzadeh @AlemzadehC]

Not as much time as you think

[glassnode @glassnode]

bitcoin:native rebounded from $64K to $65.1K but remains range-bound. Softer leverage, ETF outflows and muted on-chain activity signal cautious consolidation despite resilient holders.

Read this week’s Market Pulse👇
https://t.co/vPX5jr8h74

[Titan @Washigorira]

#Bitcoin

BTC tested the weekly market structure but failed to close above it.

That's the key level to reclaim : $65,730.

[Daan Crypto Trades @DaanCrypto]

$BTC Big liquidity cluster above $67K is the main one to watch.

We have FOMC on wednesday so if we see something dovish I think that level could be up for grabs easily.

On the downside, the ~$60K region below all the marginally higher lows is the one to watch.

Anything in between will just be more chop like we've been seeing the past 2 weeks.