Bitcoin has officially failed its current 60-day cycle by breaking below the previous cycle low on June 5th, touching $100,000. This marks a key structural shift that traders should not ignore.
📉 What’s Next? Likely Scenario:
The highest probability setup now is a relief rally toward the Stoch RSI highs on the 1-Day and 3-Day timeframes, followed by a move downward into the 60-day cycle low, projected to form between late July and early August. This aligns with a potential retest of the Value Area Low from April, a key support zone to watch.
📈 Upside Target:
If we do see bullish continuation in the short term, the main upside target is $105,000. This level is significant as it clusters three Weekly Point of Control (POC) levels from May and June, making it a high-liquidity magnet for price. Historically, Bitcoin tends to gravitate toward these levels when several align closely.
💼 Current Positioning:
I’m currently long BTC and ETH, and I’m watching closely for Stoch RSI to top out on the 1-Day and 3-Day timeframes. I’ll look to reduce or exit those positions as we approach those cycle peaks.
🔔 Pro Tip: Price often seeks out stacked POC levels. If you’re a volume profile trader, keep $105K on your radar.
📌 P.S. For access to my custom indicators and deeper cycle analysis, check the description in my profile.
📉 What’s Next? Likely Scenario:
The highest probability setup now is a relief rally toward the Stoch RSI highs on the 1-Day and 3-Day timeframes, followed by a move downward into the 60-day cycle low, projected to form between late July and early August. This aligns with a potential retest of the Value Area Low from April, a key support zone to watch.
📈 Upside Target:
If we do see bullish continuation in the short term, the main upside target is $105,000. This level is significant as it clusters three Weekly Point of Control (POC) levels from May and June, making it a high-liquidity magnet for price. Historically, Bitcoin tends to gravitate toward these levels when several align closely.
💼 Current Positioning:
I’m currently long BTC and ETH, and I’m watching closely for Stoch RSI to top out on the 1-Day and 3-Day timeframes. I’ll look to reduce or exit those positions as we approach those cycle peaks.
🔔 Pro Tip: Price often seeks out stacked POC levels. If you’re a volume profile trader, keep $105K on your radar.
📌 P.S. For access to my custom indicators and deeper cycle analysis, check the description in my profile.
FREE Newsletter with Bitcoin Cycle Analysis
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
FREE Newsletter with Bitcoin Cycle Analysis
strategymaster.substack.com
strategymaster.substack.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.