Technical Structure: [View on H4] 🔴 Global: Bearish 📉 [Forming a Bearish Flag] 🟡 Weekly: Neutral Zone (Kumo + Several Key Levels) 🟡 Monthly: Continuing Correction Phase 📉
Macroeconomic Background: Bond yields decrease → Capital flows into risk assets → Benefit for cryptocurrencies ✅
Silver's record high ✅📈 Gold's record high ✅📈 BTC ? 📈
My opinion: Short-term FUD is likely nearing exhaustion. BTC has entered the oversold zone on the weekly chart (Ichimoku), while maintaining critical support zones. The bond market + strong neutrality on the weekly chart suggest we are preparing for a rebound towards easing the situation.📈
Key levels for re-verification: We have not yet re-verified the broken support zone that turned into resistance: • 98,000 - 100,500🎯 • Or even 103,500 🔴
My scenario: 📈 Rebound towards the zone $100K (retest within the bear flag structure)
→ Then confirmation of the next downward move towards 70,000 - 71,000 📉
This zone 70,000 - 71,000 = healthy correction within a broader bullish cycle, not a trend reversal. 📉
Be patient. Structure is more important than emotions. In such complex and neutral areas, experience matters.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Great, thank you very much for the information. Greetings of prosperity from Indonesia.
View OriginalReply0
Mamono_T
· 47m ago
All coins are red, like Christmas hats or New Year's gifts
View OriginalReply0
View More
TwinTulips
· 1h ago
$BTC Quite the year. Only to probably close within a ~5% proximity of the yearly open.
We saw a horrible start with the Februari to April flush, followed by a sharp rally during the Summer.
Only to give it all back again.
Definition of an indecisive market.
🟢 #BTC - EXPECTED REBOUND IN THE $100K ZONE📈
Technical Structure: [View on H4]
🔴 Global: Bearish 📉 [Forming a Bearish Flag]
🟡 Weekly: Neutral Zone (Kumo + Several Key Levels)
🟡 Monthly: Continuing Correction Phase 📉
Macroeconomic Background:
Bond yields decrease → Capital flows into risk assets → Benefit for cryptocurrencies ✅
Silver's record high ✅📈
Gold's record high ✅📈
BTC ? 📈
My opinion:
Short-term FUD is likely nearing exhaustion. BTC has entered the oversold zone on the weekly chart (Ichimoku), while maintaining critical support zones. The bond market + strong neutrality on the weekly chart suggest we are preparing for a rebound towards easing the situation.📈
Key levels for re-verification:
We have not yet re-verified the broken support zone that turned into resistance:
• 98,000 - 100,500🎯
• Or even 103,500 🔴
My scenario:
📈 Rebound towards the zone $100K (retest within the bear flag structure)
→ Then confirmation of the next downward move towards 70,000 - 71,000 📉
This zone 70,000 - 71,000 = healthy correction within a broader bullish cycle, not a trend reversal. 📉
Be patient. Structure is more important than emotions.
In such complex and neutral areas, experience matters.
⚠️ This is not financial advice - DYOR.
#btc