BTC Consolidates Below 119,300 Over the Weekend💎 BTC WEEKEND PLAN UPDATE (26/07)
NOTABLE BTC NEWS
The cryptocurrency market is attempting to stabilize after a wave of sell-offs during Friday’s Asian session, when Bitcoin (BTC) dropped to an intraday low of $114,723. A recovery trend is gradually strengthening, with BTC trading at $115,868 at the time of writing, indicating that buying interest at lower levels may increase in upcoming sessions.
TECHNICAL ANALYSIS PERSPECTIVE
Symmetrical Triangle Pattern
BTC is currently fluctuating within a symmetrical triangle pattern, with converging upper and lower trendlines. This pattern typically signals a strong consolidation phase before a decisive breakout.
Scenario unfolded as planned:
• The price failed to break the resistance zone around $120,000 (previously forecasted as a likely failed breakout zone).
• BTC then dropped sharply to the support zone around $115,000, touching the lower trendline and the potential breakout zone.
• At this level, the price rebounded as expected, indicating strong buying pressure at support.
MA lines supporting the trend:
• The price is currently moving around the 200-day MA (red line), showing that the dynamic support is working effectively.
• The 50-day MA (yellow line) is acting as short-term resistance. If broken, it could support the recovery momentum.
Two potential upcoming scenarios:
🔼 If BTC breaks above the $119,500 – $120,000 zone with strong volume, it may continue to test higher levels around $123,000 – $125,000.
🔽 Conversely, if it faces strong rejection around $119K and turns downward, BTC may retest the support zone at $114,000 – $115,000 once again.
Stay tuned to the channel for the latest and continuous updates on XAUUSD, CURRENCIES, and BTC.
BTCUST trade ideas
BTC should have one more leg upAccording to Elliot waves BTC should have one more impulse leg up to complete final wave of this cycle. Both daily and weekly RSI charts show bearish divergence, suggesting momentum is weakening even as price attempts to climb. A drop below $110000 would invalidate the current wave count and suggest a shift in market structure.
. Need to watch out reactions at target levels 136-150.
Shark harmonic pattern
---
### 🦈 What Is the Shark Harmonic Pattern?
- **Discovered by**: Scott Carney in 2011
- **Foundation**: Combines **Fibonacci ratios** with **Elliott Wave Theory**
- **Purpose**: Identifies potential **trend reversals** using precise geometric price structures
- **Structure**: Five points labeled **O, X, A, B, C** (not the usual XABCD)
- **Key Feature**: Relies heavily on the **88.6% Fibonacci retracement** and **113% extension**
---
### 📐 Pattern Geometry & Ratios
| Leg | Description | Fibonacci Ratio Range |
|------------|--------------------------------------------------|-------------------------------|
| XA | Initial impulse leg | No specific ratio |
| AB | Extension beyond X | 113% to 161.8% of XA |
| BC | Completion leg | 88.6% to 113% of OX |
| | | 161.8% to 224% of AB |
- **Point B** must **exceed point X**, forming an **Extreme Harmonic Impulse Wave**
- **Point C** is the **Potential Reversal Zone (PRZ)**
---
### 🛒 Buy Setup (Bullish Shark)
1. **No fixed retracement for A**
2. **B extends 113%–161.8% of XA**
3. **C completes at**:
- 88.6%–113% of OX
- 161.8%–224% of AB
📍 **Entry**: Near point C
📍 **Stop Loss**: Below point C
📍 **Target**: Retracement levels of BC (e.g., 50%, 61.8%), or back to point A/B
---
### 📉 Sell Setup (Bearish Shark)
1. **No fixed retracement for A**
2. **B extends 113%–161.8% of XA**
3. **C completes at**:
- 88.6%–113% of OX
- 161.8%–224% of AB
📍 **Entry**: Near point C
📍 **Stop Loss**: Above point C
📍 **Target**: Retracement levels of BC, or back to point A/B
---
### 📊 Real Trade Example & Educational Resources
In the comment
Shark harmonic pattern Absolutely, Amedeo! Here's a detailed and visually engaging breakdown of the **Shark Harmonic Pattern**, including its structure, trading styles, and how it connects Fibonacci ratios with Elliott Wave Theory:
---
### 🦈 What Is the Shark Harmonic Pattern?
- **Discovered by**: Scott Carney in 2011
- **Foundation**: Combines **Fibonacci ratios** with **Elliott Wave Theory**
- **Purpose**: Identifies potential **trend reversals** using precise geometric price structures
- **Structure**: Five points labeled **O, X, A, B, C** (not the usual XABCD)
- **Key Feature**: Relies heavily on the **88.6% Fibonacci retracement** and **113% extension**
---
### 📐 Pattern Geometry & Ratios
| Leg | Description | Fibonacci Ratio Range |
|------------|--------------------------------------------------|-------------------------------|
| XA | Initial impulse leg | No specific ratio |
| AB | Extension beyond X | 113% to 161.8% of XA |
| BC | Completion leg | 88.6% to 113% of OX |
| | | 161.8% to 224% of AB |
- **Point B** must **exceed point X**, forming an **Extreme Harmonic Impulse Wave**
- **Point C** is the **Potential Reversal Zone (PRZ)**
---
### 🛒 Buy Setup (Bullish Shark)
1. **No fixed retracement for A**
2. **B extends 113%–161.8% of XA**
3. **C completes at**:
- 88.6%–113% of OX
- 161.8%–224% of AB
📍 **Entry**: Near point C
📍 **Stop Loss**: Below point C
📍 **Target**: Retracement levels of BC (e.g., 50%, 61.8%), or back to point A/B
---
### 📉 Sell Setup (Bearish Shark)
1. **No fixed retracement for A**
2. **B extends 113%–161.8% of XA**
3. **C completes at**:
- 88.6%–113% of OX
- 161.8%–224% of AB
📍 **Entry**: Near point C
📍 **Stop Loss**: Above point C
📍 **Target**: Retracement levels of BC, or back to point A/B
---
### 📊 Real Trade Example & Educational Resources are in the comment
BTC /USDT : Getting support from FVG BTC Support from FVG - Bullish & Bearish Scenarios:
Bullish Scenario:
BTC is holding support from the FVG. As long as BTC stays above this zone, the market remains bullish. A bounce here could lead to further upside.
Bearish Scenario:
If BTC breaks below the FVG, it signals a potential downtrend. A breakdown may lead to more pain and further declines in the market.
Tips:
1. Wait for Confirmation: Look for a clear candle close above/below FVG for validation.
2. Risk Management: Set stops near the FVG to manage potential losses.
3. Monitor Volume: Strong volume during support retests increases bullish potential.
4. Stay Flexible: Be prepared for a market shift if BTC breaks the FVG support.
BTC Reloading for Breakout — Watching for 1H MSS Flip
BTC has bounced from local support (green zone) and is challenging the descending trendline.
The price is now testing the red resistance zone and the upper boundary of the 1H MSS (market structure shift) box.
Scenario A (Bullish):
— If BTC cleanly breaks the trendline and flips the 1H MSS box into support (with a strong close above), this is a trigger for a scalp long.
— Target for the move is the upper green box/previous high area near $122,000.
Scenario B (Bearish/Invalidation):
— If price is rejected at the red resistance and falls back below the green support box, risk of deeper pullback toward $116,000 increases.
BTC has shown resilience by quickly reclaiming support after a sweep lower, indicating strong demand. The market looks to be reloading for another push, with liquidity building up just below resistance. The setup favors a breakout if NY Open brings momentum. The flip of the 1H MSS box would confirm bullish intent. However, caution if the breakout fails — structure remains choppy and a failed breakout can trap late buyers.
BTC Retested and Ready for the Next Leg Up?This CRYPTOCAP:BTC weekly chart shows a clean pattern of breakout → retest → rally.
The 50 EMA has been acting like a strong dynamic support throughout the uptrend, keeping the structure intact. Every time price broke out of a consolidation or resistance zone, it came back, retested it, and then continued moving higher.
Most recently, BTC broke above a key resistance, pulled back to retest it, and now it looks like the breakout has held. This is a classic bullish continuation setup, and historically, it’s led to strong follow-through moves.
As long as BTC stays above the 50 EMA and holds support, the bullish structure remains intact.
Thanks for reading! Stay sharp and trade safe.
BTC update - July 25 2025After hitting 123,000 zone, Bitcoin has started a downward correction. For the past ten days BTC was mainly showing sideways movement until it crossed below the important support zone of 115,000.
As shown on BTC's chart (on the left), we can expect BTC to continue dropping towards 113,000 zone where there's a midterm trendline and also a fib level. Whether weak or strong, an upward reaction is expected when BTC reaches down there.
BTC CME chart (on the right) also shows there is an unfilled gap located in the 114,380 - 115,635 zone which is most probably going to get filled soon. please note that at the moment BTC CME futures price is about 1,000 dollars more than that of BTC so it is probably safe to assume that 114,000 level on CME Futures chart is equivalent to 113,000 level on BTC's chart.
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BTC- New ATH?BTCUSDT – Potential Reversal from CME Gap Support
Bitcoin is currently trading around a key demand zone aligned with a CME gap between ~$115,272 and $114,000. Price recently swept local lows with increased volatility and is showing signs of absorption just above the 0.382 Fibonacci retracement ($113,660), which adds confluence to the area.
If BTC continues to hold above this zone and shows volume confirmation, I expect a strong bullish reaction. This move could initiate a rally toward the previous high and potentially lead to a breakout to new all-time highs (ATH), as outlined in the red projected path.
Key levels- LQ, Fibbo 0.382, CME gap - futures
BTCUSDT 6H#BTC is currently working on filling the CME Gap between $115,635 – $114,060 in the Futures chart, as previously mentioned. On the 6H spot chart, a falling wedge has formed, and there's a high probability of a retest of the wedge’s support line.
This support line lies within the support zone at $114,723 – $114,159, and the 6H SMA100 adds another layer of confluence. A dip into this zone is normal and not a cause for concern.
📌 In case of a bounce and breakout above the wedge resistance, the next upside targets are:
🎯 $119,505
🎯 $120,805
🎯 $122,461
However, if the support zone breaks, the potential downside targets will be:
🔻 $112,021
🔻 $108,977
📉 According to the liquidity map, there’s a cluster of liquidity around $114,000, and a brief wick below it is likely. Be cautious with your entries and exits.
⚠️ As always, use a tight stop-loss and apply proper risk management.
BTC/USDT Analysis. Range Breakout
Hello everyone! This is the daily analysis from a trader-analyst at CryptoRobotics.
Yesterday, Bitcoin bounced off a local sell zone on the 15-minute timeframe (previously mentioned), but a full-fledged bullish move did not follow. Instead, the less likely scenario played out — we broke the range to the downside and tested an important buy zone around ~$115,000 (zone of initiating volumes). Almost immediately, anomalies appeared in the cluster search near this level, and we quickly saw an initial rebound.
At the moment, a retest of ~$115,300 is likely. If buyers show proper reaction there, we could resume an upward move toward the $117,600–$119,200 area (accumulated volumes). To continue the long scenario toward the ATH, we need to consolidate within this area or break through it without a strong seller response — which is less likely.
A short scenario becomes possible if there is no buyer reaction around ~$115,300. In that case, a decline toward the next major support zone is expected.
Buy Zone:
$110,000–$107,000 (accumulated volumes)
Sell Zone:
$117,600–$119,200 (accumulated volumes)
This publication is not financial advice.
BTC dropping like a brick....bound to happen sooner or laterHard drops follow big spikes. Happens every time, just look back in time. But this time it's different? Maybe to some extent, but as long as there are short term profit takers and insane volatility this trend will continue. Only 2 cents is to not SHORT SELL. You will only contribute to the potential squeeze and will lose money. If you're up now, your priority should be to retain value and sell before it goes down to it's next support level which is under 100k! Maybe it does or not, but the dips do happen and with automated trading bots it could hit more aggressively and faster. If anything, but the dip when there's sufficient support. Best of luck!
BTCusdt — Descending Triangle. Preparing for a BTC Breakdown?OKX:BTCUSDT chart (4H) shows a well-defined descending triangle.
Price is being compressed under a descending trendline, and volume is steadily declining — a typical signal of an upcoming strong move.
📉 Downside target: $106,100 – $101,700
🔺 Invalidation: breakout above $119,876
📊 Key levels:
Resistance: $117000 / $113,500
Support: $110,694 / $107,723 / $106,108 / $101,712
⚠️ Pay attention — breakout is likely soon.
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