First, the good news is that we have a higher low and a strong recovery in place. The current candle has a long lower wick and is already trading green, at the top of the session.
The second good news is how far down the retrace went. Last time Bitcoin bottomed around $100,300, this time the bottom happened at $102,660. This is an early signal of course because the week is not yet over. It can happen that prices move higher today and tomorrow they move back down, crash on Sunday and we get a bearish close. But, looking at short-term price action and other altcoins, also the volume—notice the volume—we can say that the retrace is over and we are set to experience immediately additional growth.
The volume is the most revealing signal right now.
The drop had no volume compared to today. Today's session has more volume than the last three red-days combined.
Another signal to consider is the amount of over-leveraged gamblers that were liquidated, a total of 1 billion dollars. When this much greed is removed from the market, there is no need for lower prices.
I will call it early, the retrace is over. Time to go bullish again.
Thanks a lot for your continued support.
I will show you several more altcoins that are also looking ready to grow.
Namaste.
The second good news is how far down the retrace went. Last time Bitcoin bottomed around $100,300, this time the bottom happened at $102,660. This is an early signal of course because the week is not yet over. It can happen that prices move higher today and tomorrow they move back down, crash on Sunday and we get a bearish close. But, looking at short-term price action and other altcoins, also the volume—notice the volume—we can say that the retrace is over and we are set to experience immediately additional growth.
The volume is the most revealing signal right now.
The drop had no volume compared to today. Today's session has more volume than the last three red-days combined.
Another signal to consider is the amount of over-leveraged gamblers that were liquidated, a total of 1 billion dollars. When this much greed is removed from the market, there is no need for lower prices.
I will call it early, the retrace is over. Time to go bullish again.
Thanks a lot for your continued support.
I will show you several more altcoins that are also looking ready to grow.
Namaste.
Trade active
To get a better grasp of the situation, and how it will affect the Cryptocurrency market, consider Bitcoin on the longer weekly timeframe, it should give an idea. 
The fact that the price remains so strong and so stable it is a very good sign, but it all revolves around $100,000 and $110,000. In-between signals a consolidation phase.
—Altcoins
Ethereum is also good to consider; what one does, the rest follows. It is good to see how it is trading above EMA34 and MA200 on the weekly timeframe, I am talking about the bigger picture.
XRP is bullish as well long-term. MA200 is almost invisible on the chart. This means the market can easily continue growing. These are some of the top altcoins.
You will agree when you see this 1,2,3,4,5 sequence on DOGEUSDT weekly.
Namaste.
Note
Bitcoin Cash (weekly) is bullish now and looking better every day. Bitcoin Cash is one of the big projects and all the big projects move in unison, we can take this as a bullish signal for Bitcoin. 
Revencoin is producing a bullish continuation, remember this one?
The fact that there is a follow through pretty much confirms a major bullish wave in the making. I am thinking only 6 days from now and we will be seeing major bullish action across the altcoins market. Of course, this is bullish for Bitcoin.
Bottoms
When the market hits bottom, there is no other place for prices to move but upward. Many altcoins are hitting bottom and this is bullish, a trend-reversal is approaching. The 2025 bull market is likely to extend into 2026.
See some examples below:
Bullish altcoins support a bullish continuation on Bitcoin...
Finally, ETHBTC activated the same price support from 6 years ago, 2019. This is a major bullish signal for the Cryptocurrency market.
Namaste.
Trade closed: target reached
Bitcoin Weekly: Bullish & Bearish Scenarios (BULLS WIN!)This is the definitive analysis based on the weekly timeframe. Depending on how the weekly session closes the market trend will be defined. Bitcoin is both bearish and bullish. Let me explain.
» If Bitcoin can move and close weekly above $110,000, market conditions are considered bullish and we can expect higher prices.
» If Bitcoin moves and closes weekly below $100,000, market conditions are considered bearish and we can expect lower prices.
» Any trading between $100,000 and $110,000 can be considered consolidation. Since the main move is an advance starting 7-April, the consolidation has a bullish bias; makes sense?
It is a bullish bias but a bullish continuation is not confirmed. Bitcoin peaked the 19-May week, a new all-time high. Then it produced a lower high this week. This implies bearish potential and bearish pressure.
» If this week closes above last weeks high, around $107,000, we can say the bulls are gaining ground.
» If this week closes at the open or lower, say $105,000 or lower, then the bears are gaining the upper-hand a lower low becomes more likely.
It has not been decided, anything goes. Anything can happen because Bitcoin will not die, trading won't end if prices move below 100K. This would simply lead to a bounce and a recovery later down the road.
It also works in reverse, if Bitcoin moves higher, nothing happens, the market will continue to be and exist, it will continue to grow and evolve.
Right now we are mixed, this is a decision point. The action is determined by the price, depending on what prices we get we can know what comes next. Since the week is yet to close, we remain in doubt but the bearish bias has the upper-hand short-term.
Short-term bearish potential is strong based on the ath, triple-top and lower high.
Mid-term the market is in a bullish trend facing resistance. The wave from 7-April through present day.
Retraces and corrections are normal.
Long-term Bitcoin is bullish, because it has been growing since November 2022.
Thank you for reading.
👉 If you would like to see an update when the week closes hit boost!
Namaste.
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