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Btcusdlong

Current BTC Trend Analysis and Trading RecommendationsThe daily candlestick chart of BTC shows a three - day consecutive bearish retracement, having fallen back to the vicinity of the starting point of the previous pinbar rebound and currently remaining in a recent low - level sideways consolidation zone. However, the 4 - hour trend is pressured by the middle band of the Bollinger Bands, staying within a downward channel and forming a rebound - retracement wave pattern. For short - term strategies, anticipate a further retracement first. Long positions should be initiated only after the support level is confirmed valid. This retracement represents a necessary consolidation phase before the bullish trend continues, and the current adjustment range does not pose a substantial threat of trend reversal to the overall uptrend. With the core upward trend intact and the direction remaining clear, BTC is expected to resume its upward momentum after a brief consolidation. The operational approach remains to go long on retracements. BTCUSD buy@103500-104000 tp:105500-106500 Investment itself is not the source of risk; it is only when investment behavior escapes rational control that risks lie in wait. In the trading process, always bear in mind that restraining impulsiveness is the primary criterion for success. I share trading signals daily, and all signals have been accurate without error for a full month. Regardless of your past profits or losses, with my assistance, you have the hope to achieve a breakthrough in your investment.
BITSTAMP:BTCUSDLong
by EvanField
Current BTC Trend Analysis and Trading RecommendationsToday's overall BTC market rebounded after hitting a low of 102,614 in the early trading session, with Bitcoin's price maintaining a slow upward trend throughout the day. The intraday high reached 105,912 but encountered resistance. As the weekend approaches, historical market data shows limited volatility during weekends, so range-bound fluctuations are expected for the weekend. From the current overall market rhythm, the price has rebounded slightly today after the previous decline. The hourly chart shows consecutive upward candles, though the price movement remains relatively slow. As time progresses, the price is expected to sustain an upward trend after pullbacks, and breaking through the short-term resistance level is only a matter of time. In terms of short-term structure and pattern, despite slight resistance and minor pullbacks, the downward momentum has weakened. We can still focus on long positions at lower levels, paying attention to the 106,000 resistance level. BTCUSD buy@104000-104500 tp:106000-107000 Investment itself is not the source of risk; it is only when investment behavior escapes rational control that risks lie in wait. In the trading process, always bear in mind that restraining impulsiveness is the primary criterion for success. I share trading signals daily, and all signals have been accurate without error for a full month. Regardless of your past profits or losses, with my assistance, you have the hope to achieve a breakthrough in your investment.
BITSTAMP:BTCUSDLong
by EvanField
Inverse Head and Shoulders Breakout Signals BullishThe chart under review presents a classic Inverse Head and Shoulders pattern, a reliable and widely recognized bullish reversal formation in technical analysis. This structure typically forms after a downtrend, indicating a potential shift in market sentiment from bearish to bullish. The pattern is composed of: Left Shoulder: A modest price decline followed by a temporary upward correction. Head: A deeper price decline forming the lowest point in the pattern. Right Shoulder: A higher low that mirrors the left shoulder, followed by another upward movement. The neckline, which acts as a critical resistance level, is clearly illustrated at approximately 106,840.37 USDT. A confirmed breakout above this neckline suggests the completion of the reversal pattern and validates the potential for a sustained bullish movement. 2. Breakout Confirmation The current price action confirms a successful breakout above the neckline, with the market currently trading around 107,586.58 USDT. This breakout is a key signal for bullish continuation, provided it is supported by increased volume and follow-through price action. From a technical standpoint, the breakout is reinforced by: A clean violation of neckline resistance Price consolidation near breakout zone before a strong upward thrust Higher lows preceding the breakout, indicative of growing buying pressure This confluence of technical signals strengthens the case for an upward price trajectory in the near term. 3. Projected Price Targets Upon confirmation of the Inverse Head and Shoulders breakout, target levels can be derived using the measured move technique. This involves projecting the vertical distance from the head to the neckline upward from the breakout point. Target 1 (Initial Resistance): 108,878.29 USDT – This level represents a potential short-term resistance where price may consolidate or retrace slightly before continuing. Target 2 (Measured Move Completion): 110,752.24 USDT – This is the ultimate price target derived from the height of the head-to-neckline structure. Reaching this level would represent the full realization of the reversal pattern. 4. Key Support and Risk Levels Risk management is a critical component of any trading strategy. The following support levels should be closely monitored: 106,840.37 USDT (Neckline Support): Former resistance turned support. Holding above this level post-breakout is essential for sustaining bullish momentum. 105,997.09 USDT: Acts as a secondary support level and potential stop-loss region for conservative traders. If price fails to hold above the neckline and falls back below these levels, the breakout could be classified as a false breakout, warranting caution. 5. Strategic Implications for Traders This setup provides a favorable risk-to-reward ratio for long entries, particularly for traders seeking to capitalize on momentum-based patterns. An optimal trading approach could involve: Entry: Near the neckline breakout or on a minor retest of 106,840.37 USDT Stop-Loss: Below 105,997.09 USDT or under the right shoulder to account for volatility Take-Profit Zones: Partial profits near 108,878.29 USDT, with final target at 110,752.24 USDT 6. Final Remarks This chart illustrates a textbook example of a bullish reversal pattern in play. While the technical outlook is favorable, traders should remain cautious of potential invalidation scenarios, especially in highly volatile or news-driven markets. Confirmation through volume analysis and supportive macro/fundamental conditions can further enhance confidence in the bullish thesis. Overall, the current setup indicates a well-structured opportunity for upward price movement, with a clearly defined entry, risk, and reward framework. Let me know if you'd like this tailored for a trading journal, client report, or automated strategy setup
Long
by ZareeFxTradingAac
BTCUSD Approaching Support Trendline | Potential Bullish ContinuBitcoin (BTCUSD) is showing a potential bullish continuation pattern on the 15-minute chart. Price is currently near a rising trendline support, with a possible bounce forming. The projected move suggests a strong upside if the support holds. Key levels to monitor include the recent low around 104,773 and upside target near 107,000. The setup indicates a favorable risk-reward structure. This is a technical analysis perspective and intended for charting reference.
BITSTAMP:BTCUSDLong
by UAE_USA_GOLD_TRADERS
BTCUSD – Bullish Channel Support Bounce SetupBTCUSD is currently trading within a clearly defined ascending channel on the 15-minute chart. The price recently touched the lower boundary of the channel and is showing signs of a potential bullish bounce. This structure suggests that the pair may continue respecting the trend and head toward the upper boundary of the channel, offering a favorable risk-to-reward opportunity. The trade plan includes a long setup with stop-loss placed just below the channel support and a target near the upper resistance zone. Volume remains moderate, supporting gradual upward momentum. Technical Highlights: Pattern: Ascending Channel Key Support: Lower trendline Entry Zone: Near current support Target Zone: Around 106,500 Stop-Loss: Below recent swing low (around 104,185) This is a technical chart idea based on price action and structure. Please manage your risk accordingly.
BITSTAMP:BTCUSDLong
by UAE_USA_GOLD_TRADERS
1
TAOUSDT Forming Bullish FlagTAOUSDT is currently showcasing a classic bullish flag pattern, signaling the possibility of a strong continuation to the upside. This pattern typically forms after a sharp upward movement, followed by a period of consolidation in a descending channel. In TAO’s case, the recent price behavior indicates healthy consolidation with diminishing volatility, and volume remains steady—hinting at accumulation before a potential breakout. If confirmed, this setup could lead to a projected gain of 60% to 70%+ from the breakout zone. TAO (Tap Protocol) has been gaining attention in the blockchain and AI sectors due to its role in decentralized knowledge-sharing systems. The recent increase in investor interest is fueled by TAO’s integration into innovative use cases and partnerships that continue to evolve. As new narratives around decentralized AI and infrastructure gain traction, TAO appears to be well-positioned for both utility growth and speculative upside. This aligns with the observed price consolidation, forming a foundation for an impending move higher. Technically, the bullish flag structure is forming just above key support levels, with short-term moving averages acting as dynamic support. A breakout above the flag’s resistance trendline with strong volume confirmation would be a key bullish trigger. Traders and investors are watching this level closely, as the breakout could rapidly accelerate price toward previous highs, supported by solid market structure. Given the strong fundamentals, technical setup, and renewed attention from the trading community, TAOUSDT presents a compelling mid-term opportunity. This is one of the cleaner patterns on the charts right now, making it a favorable candidate for breakout traders seeking high-reward setups. ✅ Show your support by hitting the like button and ✅ Leaving a comment below! (What is You opinion about this Coin) Your feedback and engagement keep me inspired to share more insightful market analysis with you!
Long
by Alpha-GoldFX
1
SOLVUSDT Forming a Bullish waveSOLVUSDT is showing a strong bullish wave pattern after an extended downtrend, suggesting that it may have completed its accumulation phase. The chart clearly illustrates a double-wave reversal formation with higher lows, pointing toward a bullish continuation. The recent breakout candle combined with solid trading volume indicates renewed market interest and a possible start of a major uptrend. Based on the structure, a potential move of 90% to 100% from current levels seems realistic, as highlighted in the price projection zone. Solv Protocol, the project behind SOLV, has been making strides in the decentralized financial instrument space, particularly around tokenized vouchers and structured assets. With increasing on-chain activity and protocol developments, investor sentiment appears to be turning positive again. SOLV’s listing on major exchanges like Binance further supports the legitimacy and growing traction of the token. As crypto markets rotate capital into emerging sectors, tokens like SOLV are gaining more visibility. From a technical perspective, SOLVUSDT has broken out from a significant descending channel, forming a base with strong upward momentum. Each retracement is being bought up quickly, confirming bullish strength. If the price holds above key support zones, the upside continuation may play out rapidly as traders and algorithms begin to follow the breakout signal. With bullish market structure, increasing investor attention, and favorable tokenomics, SOLVUSDT looks poised for a powerful upward run. This is one of the more promising setups for traders looking to ride a fresh wave with high risk-reward potential. ✅ Show your support by hitting the like button and ✅ Leaving a comment below! (What is You opinion about this Coin) Your feedback and engagement keep me inspired to share more insightful market analysis with you!
Long
by Alpha-GoldFX
Bitcoin is nearing a critical breakout zone at $86,000Bitcoin is nearing a critical breakout zone at $86,000. If this level breaks with strong momentum, we could see a rapid bullish continuation toward the major resistance area around $105,000. The ascending channel remains intact, and aggressive buying near support points to a strong upside setup. From a fundamental view, Bitcoin is gaining strength as global uncertainty rises. The latest escalation of trade tariffs has disrupted traditional markets, pushing more investors toward alternative assets like Bitcoin. Historically, Bitcoin has performed strongly during times of economic instability. Tightening monetary policies worldwide are fueling recession fears, making Bitcoin even more attractive as a hedge — the new "digital gold." With institutional interest growing, Bitcoin is well-positioned for a significant capital inflow. Stay ready — the next big move is close! 🚀
Long
by megvipofficial
BTC/USD – Double Top Breakdown Signals Bearish Wave- 4H chart. 🧨 🔍 Chart Analysis: 🟢 Recent Price Action: Bitcoin formed a double top pattern near the Recent All-Time High (ATH) 📈 — a strong bearish signal 🔔. A trendline break occurred right after the second peak, confirming potential weakness ⚠️. 🟠 Supply Zone: Price re-entered a previous supply zone (resistance area) and failed to hold above it 🧱 — indicating sellers are active again. 🔵 EMA 70 (Blue Line): The price has dropped below the 70 EMA, signaling momentum shift from bullish to bearish 📉. 🔴 STOP LOSS ZONE: Positioned above 110,555 🚫 — risk level for this short setup if bulls reclaim control. 🟡 Bearish Pathway (Expected Move): Price may retest the broken zone 🔁. Followed by a sharp drop to the 1st support near $101,503 🎯. Confirmed by large bearish volume spikes 📊. 💥 Trade Idea: Entry: Near 106,000 (on retest of supply zone). Stop Loss: Above 110,555 🔺. Target: $101,500 🎯. Risk/Reward Ratio: 🔥 Favorable setup for swing short sellers! 📛 Pattern Breakdown: ⚠️ Double Top = Reversal Signal. 🔻 Trendline Break = Shift in Market Structure. 🧊 Supply Zone Rejection = Bearish Confirmation.
BINANCE:BTCUSDShort
by KingProTrader
2
BTC/USD Potential Bullish Reversal – Falling Wedge Breakout WatcBitcoin is showing signs of a potential reversal on the 15-minute timeframe. A Falling Wedge pattern is forming, often seen as a possible early signal for upside continuation. 📌 Technical Overview: Price is currently testing the wedge resistance. If price breaks out and retests the wedge, it could lead to a continuation toward the 108,995–109,199 zone. Strong horizontal support seen around 104,636. Bullish price action forming higher lows. 📈 Breakout Confirmation: A clear breakout and retest of the descending trendline could initiate momentum toward the upper resistance zone. 🟢 Target Area: 108,995–109,199 🔴 Support Level: 104,636 ⚠️ Invalidation: Below 104,300 zone 🔎 Always observe price action and volume confirmation before making decisions. Use proper risk management.
BITSTAMP:BTCUSDLong
by UAE_USA_GOLD_TRADERS
1
BTC/USD Long-Term Channel Targeting 120,721 – 136,849Bitcoin continues to trade within a well-defined ascending channel on the weekly timeframe. After a healthy corrective phase, price action is rebounding strongly off the channel’s lower boundary, aligning with the ongoing long-term bullish trend. 🔹 Wave Structure and Fibonacci Extensions: The corrective structure suggests a completed ABC pattern, with the current move potentially initiating a new bullish impulse. Key Fibonacci extension levels: 161.8% at 120,721 200% at 130,246 224% at 136,849 These levels correspond to the upper channel boundary, providing potential long-term upside targets. 🔹 Oscillator Confirmation: The DTOsc indicator is rebounding from oversold territory, suggesting renewed bullish momentum. 📌 Trade Idea: Long-term bias: Bullish, targeting upper Fibonacci levels within the channel Invalidation: A weekly close below the channel’s lower boundary (~85,000) would challenge this scenario This chart supports a patient, long-term bullish view for BTC/USD, with significant upside targets over the coming months.
EIGHTCAP:BTCUSDLong
by Mohammad_Mirdehghan
Bitcoin is expected to rise in a volatile upward trend.The Bitcoin market has demonstrated extremely eye-catching performance, with prices strongly breaking through key resistance levels and hitting new all-time highs. It has successfully surged past the $110,000 threshold, and Bitcoin's total market capitalization has exceeded $2.1 trillion, rising to the fifth position in the global asset market capitalization ranking, trailing only gold, Microsoft, NVIDIA, and Apple. Since May, Bitcoin has accumulated a nearly 16% gain, with a year-to-date (YTD) increase of approximately 17%, significantly outperforming U.S. equities and gold. Most analysts believe that if Bitcoin can effectively breach the $109,000 resistance level, it is expected to test the $120,000-$150,000 range within this year. Institutions such as JPMorgan Chase and Standard Chartered Bank have provided target price forecasts of $120,000-$150,000, primarily based on factors including the current upward trend of Bitcoin, capital inflows, and market sentiment. In the market, there are no absolutes, and neither upward nor downward trends are set in stone. Therefore, the ability to judge the balance between market gains and losses is your key to success. Let money become our loyal servant.
Long
by Ashbur
BTC/USD: Structural Breakout of Curved Resistance – Eyes on $116Technical Overview: Bitcoin (BTC) has successfully completed a significant technical breakout after months of accumulation and resistance interaction. The chart highlights a precise market structure where price has moved from a phase of consolidation into a confirmed bullish breakout, with a clearly defined target and invalidation level. 1. SR Interchange Zone (Support-turned-Resistance): From May to October 2024, BTC price action was trapped in a sideways range, marked by an extended accumulation phase between approximately $60,000 to $73,000. This zone acted as a historical resistance level during the downtrend, but was later flipped into support, forming a classic SR Interchange — a foundational concept in market structure analysis. This area provided a strong base from which BTC launched its late 2024 rally. 2. Consolidation Below Curved Resistance (Dec 2024 – Apr 2025): Following a steep bullish impulse, BTC entered a multi-month consolidation phase, forming a rounded top pattern — shown on the chart as the Black Mind Curve Resistance. This curved resistance represented a psychological and structural ceiling, suppressing bullish momentum and trapping liquidity. Price action was tightly compressed under this dynamic resistance curve, with multiple failed breakout attempts. This period was marked by range-bound volatility and low directional commitment — classic behavior during a re-accumulation phase. 3. Breakout of Black Mind Curve Resistance (May 2025): A major technical event occurred as BTC broke decisively above the Black Mind Curve Resistance, accompanied by a surge in bullish momentum. This move not only invalidated the prior rounding top structure but also confirmed a trend continuation breakout. The breakout was clean, with strong follow-through volume and a higher high structure above the Major Horizontal Resistance Zone (~$105,000–$109,000) — now confirmed as flipped support. 4. Bullish Continuation & Price Target: Following the breakout, BTC has established a higher low and continued its upward trajectory toward the marked target zone at $116,065. This zone coincides with: Previous untested supply levels Technical Fibonacci extension (1.272–1.618 zone) Measured move from the curve structure base With current momentum and structure intact, BTC remains bullishly biased until it either reaches the target zone or breaks below the invalidation level. 5. Invalidation & Risk Management: A close below $102,005 — the defined SI (Support-Invalidation) level — would be considered structurally bearish. This level represents: The most recent higher low Base of the breakout structure Re-entry into previous consolidation range A breakdown below this level would invalidate the bullish thesis and may open the door for a deeper pullback toward $95,000 or even $88,000. ✅ Conclusion: The breakout of the Black Mind Curve Resistance marks a significant technical shift in Bitcoin’s trend. With momentum in favor of the bulls and market structure supporting higher prices, BTC appears poised to test the $116,000 target zone in the short to mid-term — barring a breakdown below key support. 📌 Key Levels Recap: Level Type Price Target Zone $116,065 Current Price $110,902 Support / Invalidation (SI) $102,005 📈 Strategy Outlook: Bias: Bullish Entry Area: Retest of $107,000–$109,000 (if offered) Target: $116,065 Stop-Loss: Below $102,005 (structural invalidation) 💬 Stay focused on structure, not emotions. The best trades are born from patience, not prediction. Let me know if you'd like a summary version for use on social media or a custom signature block for your TradingView profile.
CRYPTO:BTCUSDLong
by GoldMasterTrades
BTC - Short term playsAnalysis of today's BTC trend: • Daily timeframe: Closed with a small bearish candle yesterday, showing a single bearish-bullish pattern. The price is consolidating at high levels, failing to sustain the breakout after news-driven highs, indicating a short-term range-bound oscillation. • Hourly chart: The resistance at the high of 107,000 area (double top resistance), and the support at the low of 102,000 area (double bottom support), with an obvious range-bound pattern. Short-term contract trading strategy: 1. Short position: Short at 105,800, stop loss at 106,300, target at 104,500. 2. Long position: Long at 104,500, stop loss at 104,000, target at 106,000. In the market, there are no absolutes, and neither upward nor downward trends are set in stone. Therefore, the ability to judge the balance between market gains and losses is your key to success. Let money become our loyal servant.
Long
by Ashbur
Bitcoin (BTC/USDT) - Support Trendline & Zone Price Test - DailyBitcoin (BTC/USDT) price recently rejected down from $107000 on May 19th, 2025. The yellow Support Trendline below is currently being tested ($103000 price level). Several candle body closes below the Support Trendline could signal weakness in the daily price trend (potential rising wedge pattern). The April inverse head-and-shoulders price pattern and targets have been completed (+12% and +24%). note: Breaking news, government law changes, corporate announcements, and crypto crime could affect the Bitcoin price and charts.
by NoFomoCharts
BTCUSD - Bullish Breakout from Falling Wedge Pattern | Target Bitcoin has broken out of a Falling Wedge Pattern on the daily timeframe, signaling a bullish reversal that aligns with the broader market sentiment. Let’s examine this setup in detail, from pattern recognition to key support/resistance levels and trade planning. 🧠 Pattern Analysis – Falling Wedge Formation The chart displays a textbook Falling Wedge, which is a bullish chart pattern that typically forms after a downtrend. It’s characterized by converging trendlines sloping downward, showing a slowdown in bearish momentum and a potential reversal point. Formation Period: This wedge developed over a multi-week period (Feb–April 2025). Structure: Each swing high and swing low forms lower highs and lower lows inside the wedge. Breakout Confirmation: Price has decisively broken above the upper trendline of the wedge, validating a potential bullish continuation. 👉 Falling Wedge patterns are often seen near the end of a corrective move and suggest accumulation before a rally. 🔎 Key Technical Zones 🔸 Resistance Zone (~$103K–$105K) This area has historically acted as a strong resistance zone. Price is currently consolidating just below this region, indicating a possible breakout retest or a temporary pause before the next leg up. 🔸 Trendline Support A new rising trendline has emerged post-breakout, acting as dynamic support. Price has respected this trendline multiple times, forming higher highs and higher lows — a strong bullish signal. 🔸 SR Interchange Zone (~ GETTEX:92K –$94K) Previously acted as resistance; now flipped to support. This makes it a critical level where bulls may defend positions, and a good place for a stop-loss. 🔸 Support Zone (~$75K–$78K) Major historical support area where the wedge bottom formed. Buyers stepped in aggressively in this zone during the final leg of the wedge. 🎯 Trade Plan This setup offers a clearly defined risk-reward profile based on breakout trading principles. 📌 Entry Idea: Current consolidation near resistance offers two entry strategies: Aggressive Entry: Near current price, anticipating breakout continuation. Conservative Entry: On a confirmed breakout above $105K or a pullback to trendline support around GETTEX:98K –$100K. ✅ Target: $112,116 Measured by projecting the height of the wedge from the breakout point. Also aligns with a previous key structural high, adding confluence to the target. ⛔ Stop Loss: $93,294 Strategically placed just below the SR interchange zone and rising trendline. Protects against potential fakeouts or trendline breaks. 📉 Risk Management Risk/Reward Ratio: ~2:1 or higher depending on entry point. Always use proper position sizing. Be prepared to cut the trade if price closes below trendline and SR zone on high volume. 🔮 Outlook and Strategy This breakout suggests Bitcoin may be entering a renewed bullish phase. If macro conditions remain favorable and price sustains above key support zones, we could see continuation toward the $112K region. However, it’s important to monitor: Volume: Watch for rising volume on any breakout above the resistance zone. Market Sentiment: External factors (e.g., news, ETF flows, regulatory updates) may influence the move. Trendline behavior: A break and close below the rising support line may invalidate the setup. 💬 Final Thoughts This is a technically clean setup combining a bullish pattern breakout, supportive structure (trendline & SR zones), and a logical target based on classical charting. If Bitcoin maintains current momentum, traders may see significant upside in the coming weeks.
CRYPTO:BTCUSDLong
by GoldMasterTrades
BTC | New ATH Incoming | + 135% ??A very interesting fractal from 2021 lead to a 135% increase - and a new all time high. Bitcoin has been following similar patterns to the bullish twin-peaks in 2021. After a multi-month correction, the price proceeded to increase another 135% over the next few months. Some weeks fast, and some weeks sideways. Is it possible that BTC follows a similar pattern - and increase another 135%, all the way to 170k? Hec, I'd even be happy with just a 100% ! That would lead us up to around 149k, which can also be considered a phycological resistance zone. While you're here! Check out this post on PEPE: _________________ BINANCE:BTCUSDT
Long
by Crypto-Check-
1
The latest Bitcoin analysis strategyThe price has rebounded above the 0.786 Fibonacci retracement support level at $102,400. The EMA trend indicators show upward divergence, with the EMA15 fast trend line continuing to act as support and extending higher, expected to provide underlying support for the candlesticks near $101,000. A bullish channel has formed on the Bollinger Bands, but the price is 受阻 (resisted) at the upper band pressure level of $106,300, increasing the probability of short-term sideways trading. Candlestick patterns indicate the price has consistently traded at the top of the EMA trend indicators, with bullish momentum starting to contract and top-side pressure showing a clear downward shift. The MACD has continuously reduced trading volume while approaching the zero line, with DIF and DEA converging, signaling that a top divergence pattern has spread to the medium-term trend. During the Bollinger Bands' sideways phase, the upper band resistance is at $105,200, and the lower band support is at $101,800. The latest U.S. inflation data came in below expectations, strengthening market expectations for Federal Reserve rate cuts—a factor typically boosting risk asset performance. Additionally, the initial progress in U.S.-China trade negotiations, where both sides agreed to reduce tariffs, has improved geopolitical conditions and provided further support for Bitcoin. you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
COINBASE:BTCUSDLong
by HilaryBloomer
BTC Bullish Pennant Breakout – Eyeing $107K TargetBitcoin (BTC/USD) has recently demonstrated strong bullish structure following an extended consolidation phase. The current price action suggests a textbook bullish pennant breakout, which often indicates trend continuation in strong markets. This technical setup follows a period of accumulation and consolidation between March and April, with a well-defined pennant formation leading into the breakout in early May. Technical Analysis: Historical Context & Structure: From mid-February to March, BTC experienced significant downward pressure, eventually finding major support in the $76,000–$78,000 zone, which is clearly outlined on the chart as a key support level. This support zone initiated a reversal, forming the base of a new bullish leg that marked the beginning of the next trending phase. Consolidation Phase – The Ellipse Region: The price action within the elliptical region (mid-March to late April) reflects accumulation behavior, with multiple rejections on both upper and lower bounds, indicating balance between buyers and sellers. This phase formed a foundational structure, setting up the stage for a breakout pattern. Pennant Formation (Late April – Early May): The price sharply rallied in late April, breaking out of the consolidation and moving into a tight triangular pennant pattern — a classic continuation formation. This bullish pennant features converging trendlines, lower volume, and diminishing volatility as price consolidates — all typical characteristics. Breakout and Retest: The breakout from the pennant occurred on high momentum with strong bullish candles. Post-breakout, the price approached the resistance zone (~$103,000–$105,000) and is currently attempting to establish support at this level. This retest adds validity to the breakout and opens the door for further upside continuation. Trade Parameters: Entry Zone: Breakout above the pennant (~$99,000–$100,000), confirmed by momentum. Resistance Zone: $103,000–$105,000 (currently being retested). Target (Measured Move): Using the height of the pennant pole (~$20,000 move from $80K to $100K), the projected target lies near $107,307, aligning with horizontal resistance. Stop Loss: Set at $93,344, just below the pennant’s lower boundary. This level also aligns with recent structural support and invalidation of the pattern. Risk/Reward Ratio: Approx. 1:2.5+, offering a favorable setup assuming trend continuation. Additional Notes: Volume: Although not shown, breakouts from pennants are ideally confirmed by an increase in volume, indicating market conviction. Volume confirmation is highly recommended for trade confirmation. Market Context: This setup aligns with broader bullish sentiment in the crypto space and may be reinforced by macroeconomic or ETF-related developments. However, risk management remains key, especially around psychological levels and news-driven volatility. Conclusion : Bitcoin is currently in a strong technical position. The breakout from the bullish pennant pattern following prolonged consolidation signals continuation of the prevailing uptrend. Traders should watch for sustained price action above $103K for confirmation. A pullback or retest toward this level can present re-entry opportunities before a potential move toward $107K. Tight risk management is advised with stops below $93K.
BITSTAMP:BTCUSDLong
by GoldMasterTrades
Bitcoin is expected to maintain its upward trend throughout nextAgainst the backdrop of an unstable global macro and geopolitical environment, the resilience of Bitcoin will continue to be tested. The escalating geopolitical tensions between India and Pakistan pose a risk of evolving into a full-scale conflict. Meanwhile, the Federal Reserve finds itself in a dilemma between employment and inflation and has no immediate intention of cutting interest rates. Although the Trump administration's tough rhetoric on tariffs has somewhat softened, the market is still awaiting a clear direction for its trade policy. Based on these factors, it is expected that Bitcoin is likely to continue to fluctuate within the range of $70,000 to $109,000 in the coming two months. you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
COINBASE:BTCUSDLong
by HilaryBloomer