💎 BTC PLAN UPDATE FOR THE BEGINNING OF THE WEEK (07/07)
NOTABLE BITCOIN NEWS: Focus on 4 key points today
1. Elon Musk – “America Party” to Support Bitcoin
Elon Musk has confirmed that his newly formed political party, the “America Party,” will support Bitcoin, stating that “fiat is hopeless.”
2. Cup-and-Handle Pattern Analysis: Targeting $230K
According to technical analysis by Cointelegraph, BTC is forming a “cup and handle” pattern on the monthly chart, which could lead to a target peak of $230,000 if a breakout continues.
3. BTC Price Holds Steady Around $109K Amid “Crypto Week” and Trade Tensions
Bitcoin is currently trading around $109,000, influenced by “Crypto Week” and concerns over U.S. tariffs.
4. Institutional Inflows Increase, But Market Demand Weakens
According to CoinDesk, institutional investors are still buying BTC, but not enough to offset declining demand in the spot market, negatively affecting short-term market sentiment.
⸻
TECHNICAL ANALYSIS PERSPECTIVE
The short-term trend remains bullish. However, the steep slope of the trend indicates buying pressure is still being contested and unstable.
BTC remains stuck at Fibonacci levels—pay close attention to the resistance zones at 112K and 115K. If these two resistance levels are broken, investors may get the answer to whether BTC can approach the 120K level.
In the short term, both gold and BTC are moving sideways, indicating that market liquidity and investor capital are unstable and being divided across multiple portfolios.
==> This analysis is for reference only. Wishing all investors successful trading!
NOTABLE BITCOIN NEWS: Focus on 4 key points today
1. Elon Musk – “America Party” to Support Bitcoin
Elon Musk has confirmed that his newly formed political party, the “America Party,” will support Bitcoin, stating that “fiat is hopeless.”
2. Cup-and-Handle Pattern Analysis: Targeting $230K
According to technical analysis by Cointelegraph, BTC is forming a “cup and handle” pattern on the monthly chart, which could lead to a target peak of $230,000 if a breakout continues.
3. BTC Price Holds Steady Around $109K Amid “Crypto Week” and Trade Tensions
Bitcoin is currently trading around $109,000, influenced by “Crypto Week” and concerns over U.S. tariffs.
4. Institutional Inflows Increase, But Market Demand Weakens
According to CoinDesk, institutional investors are still buying BTC, but not enough to offset declining demand in the spot market, negatively affecting short-term market sentiment.
⸻
TECHNICAL ANALYSIS PERSPECTIVE
The short-term trend remains bullish. However, the steep slope of the trend indicates buying pressure is still being contested and unstable.
BTC remains stuck at Fibonacci levels—pay close attention to the resistance zones at 112K and 115K. If these two resistance levels are broken, investors may get the answer to whether BTC can approach the 120K level.
In the short term, both gold and BTC are moving sideways, indicating that market liquidity and investor capital are unstable and being divided across multiple portfolios.
==> This analysis is for reference only. Wishing all investors successful trading!
Dear My Friends,
NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
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NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+1mFSljRaI5RlNjg1
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.
Dear My Friends,
NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+1mFSljRaI5RlNjg1
NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+1mFSljRaI5RlNjg1
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.