$BTC Key Technical Observations on Bitcoin’s Current Trend
1、Weekly View: Undeniably bearish. Eyes on $53K as the next major support zone.
2、Daily Structure: Consolidating within a downtrend. Currently trading inside the range of the Feb 5th crash candle.
3、The Flip: To turn bullish on the daily, we must break the downtrend line or flip the range high into support.
4、Current Status: Is the recent break above resistance a fakeout or a backtest? I’m staying patient and waiting for confirmation before the next move.
$BTC Analysis: Weak Rally & Bearish Outlook
Resistance: $72K ,Tested 4 days, failed to break
Pattern: Lower highs + 4H Contracting Triangle
Range: Daily consolidation persists. Failure at 72K = Support retest.
Strategy: Take profit on longs. Look for short entries at higher level
Warning: Rebound Exhaustion. Time to TP or Short.
$BTC: Hitting a wall at 72k.
$ETH: Resistance at 2,100 high.
4H Chart: Failed to break previous highs. Strategy: Take profits on longs; look for short entries at highs.
Warning: Rebound Exhaustion. Time to TP or Short.
$BTC: Hitting a wall at 72k.
$ETH: Resistance at 2,100 high.
4H Chart: Failed to break previous highs. Strategy: Take profits on longs; look for short entries at highs.
Simple Profit-Taking Tip: Sacrificing One Big BarOn 1H or 2H charts for $BTC / $ETH:
Find the latest significant big candle.
Hold your position as long as it’s not engulfed.
Set your stop-profit at the candle's low. This keeps you in the trend while protecting your gains.
I’ve decided to stop mentioning stop-loss settings to avoid misleading anyone. Trading is a unique, personal art. We are each the masters of our own results. Direction is everything.
Predicting the right direction is the ultimate goal of technical analysis.
Yesterday’s call was right, but that pre-launch "deep squat" (the needle dip) was brutal. If I had stuck to my own strict SL, I’d be out of the game.
Both $BTC and $ETH double bottom setups have arrived! Catching a long play in this sideways market and betting on new local highs. If the move fails, I’ll exit at BE (break-even) or hit the SL. Accept the outcome, but protect the capital at all costs!
Pro Tip: Don't FOMO! If you're not in a position, wait for a healthy retracement before entering.
Final Reminder:we are still navigating a bear market structure. No full reversal yet. Stay disciplined—set your stop-losses and protect your capital!
Still Bullish on $BTC $ETH! Rebound in Progress
Got hit by a nasty "pin" drop yesterday, but the bulls are still in control! ETH is leading the charge today with a much stronger bounce.
BTC & ETH are testing the 1H resistance levels.
Both $BTC and $ETH double bottom setups have arrived! Catching a long play in this sideways market and betting on new local highs. If the move fails, I’ll exit at BE (break-even) or hit the SL. Accept the outcome, but protect the capital at all costs!
$BTC BTC Potential Long Setup
BTC is on its 4th day of pullback after a fakeout, hitting the 50% retracement level. Finding support here with a bounce on the 1H chart. Looking for a small double-bottom play on the hourly.
$ETH Potential Long SetupETH is tracking BTC’s sideways action but remains relatively weaker. Expecting ETH to follow if BTC bounces. Looking for a minor double bottom on the 1H timeframe.
Entry: Near 1930
SL: 1920
$ETH Potential Long SetupETH is tracking BTC’s sideways action but remains relatively weaker. Expecting ETH to follow if BTC bounces. Looking for a minor double bottom on the 1H timeframe.
Entry: Near 1930
SL: 1920
Buy Zone: Near 66,600, SL: 66,000. Target: A move to stabilize and break 74,000. If rejected at 72,000–74,000, expect a return to the consolidation range. Flexible TP.
$BTC BTC Potential Long Setup
BTC is on its 4th day of pullback after a fakeout, hitting the 50% retracement level. Finding support here with a bounce on the 1H chart. Looking for a small double-bottom play on the hourly.
$BTC Rules for Trading the Range
1、Macro is King: Bearish trend? Don't fight it. Short the bounce. 📉
2、Short High: Position your entries at the range resistance for the best R/R (Risk/Reward).
3、Double Check: Wait for a Double Top or a Lower High to confirm the resistance is holding.
4、Watch the Wicks: Rejection signals (long upper wicks) and fakeouts are your entry triggers. 🕯️
5、Long the Lows: Only buy the dip at the previous low after a confirmed retest.
6、Stay Out of the Middle: The mid-range is "No Man's Land." Chasing price here is a guaranteed way to get slapped by the market.