🚀📈 Bitcoin Rally Gains Steam with Strong Support in Place 💪🧠
Hello Traders,
After a period of geopolitical tension and heavy volatility, the charts are finally giving us a breath of calm. 🕊️ BTC/USD on the 15-minute chart has formed a solid base of support between 106,153 and 105,962. This area has now held up well and is acting as a launchpad for potential upside continuation.
🔍 Technically speaking, we’re observing:
Price holding above the 0.5 Fib retracement
A short-term breakout structure forming higher highs
Key interim resistance at 109,801
Long-term resistance to watch at 113,800 and the crucial macro test at 114,598
With Bitcoin dominance sitting at 65%, it's clear: this is Bitcoin’s moment. Altcoins are lagging, and BTC is leading the charge.
⚖️ The broader narrative is also shifting. The Fed's dovish tone adds to market stability, and in times of peace, Bitcoin thrives. But the key level to monitor remains 109K. A breakout above that sets us up for a major move.
Let's keep an eye on this structure. A failure to hold the 105K zone would shift the outlook, but for now, all systems are GO 🚦.
🕊️ Remember, in both trading and life—hate divides, love unites. Choose to be part of the solution.
One Love,
The FXPROFESSOR 💙
Disclosure: I am happy to be part of the Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Awesome broker, where the trader really comes first! 🌟🤝📈
Hello Traders,
After a period of geopolitical tension and heavy volatility, the charts are finally giving us a breath of calm. 🕊️ BTC/USD on the 15-minute chart has formed a solid base of support between 106,153 and 105,962. This area has now held up well and is acting as a launchpad for potential upside continuation.
🔍 Technically speaking, we’re observing:
Price holding above the 0.5 Fib retracement
A short-term breakout structure forming higher highs
Key interim resistance at 109,801
Long-term resistance to watch at 113,800 and the crucial macro test at 114,598
With Bitcoin dominance sitting at 65%, it's clear: this is Bitcoin’s moment. Altcoins are lagging, and BTC is leading the charge.
⚖️ The broader narrative is also shifting. The Fed's dovish tone adds to market stability, and in times of peace, Bitcoin thrives. But the key level to monitor remains 109K. A breakout above that sets us up for a major move.
Let's keep an eye on this structure. A failure to hold the 105K zone would shift the outlook, but for now, all systems are GO 🚦.
🕊️ Remember, in both trading and life—hate divides, love unites. Choose to be part of the solution.
One Love,
The FXPROFESSOR 💙
Disclosure: I am happy to be part of the Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Awesome broker, where the trader really comes first! 🌟🤝📈
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🐾 TOP DOGS TEAM is LIVE! 🚀 Join the $6M KCGI 2025 battle — Signals, Charts & Coaching included.
💰 Min: $100 | 🎯 Register by July 23
🔗 fxprofessor.com/top-dogs-team
📣 Telegram: t.me/fxprofessor88
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💰 Min: $100 | 🎯 Register by July 23
🔗 fxprofessor.com/top-dogs-team
📣 Telegram: t.me/fxprofessor88
🌍 fxprofessor.com
Related publications
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.