π BTC β WEDGE CONSOLIDATION & RECOVERY
BTC is currently testing the lower boundary of a descending wedge pattern, struggling to maintain momentum after failing to sustain levels near $85,000. Price is now interacting with the primary support trendline, seeking a decisive bounce to confirm a base. If this support holds, we anticipate a rotation toward the upper resistance line. Failure to defend this floor would invalidate the bullish setup and likely trigger a retest of lower demand zones. π
π FACT - ETF inflows hit $1.08B over the last 3 days, providing potential structural support.
β οΈ FACT - BTC price retreats from $85k as broader AI-sector volatility impacts market risk appetite.
π Key Levels
π§ Resistance: $86,000
π‘οΈ Support: $82,300
ββββββ
πMore analysis, useful tools & all my reports
BTC is currently testing the lower boundary of a descending wedge pattern, struggling to maintain momentum after failing to sustain levels near $85,000. Price is now interacting with the primary support trendline, seeking a decisive bounce to confirm a base. If this support holds, we anticipate a rotation toward the upper resistance line. Failure to defend this floor would invalidate the bullish setup and likely trigger a retest of lower demand zones. π
π FACT - ETF inflows hit $1.08B over the last 3 days, providing potential structural support.
β οΈ FACT - BTC price retreats from $85k as broader AI-sector volatility impacts market risk appetite.
π Key Levels
π§ Resistance: $86,000
π‘οΈ Support: $82,300
ββββββ
πMore analysis, useful tools & all my reports
β Entry: MARKET PRICE
π― TP: 2523.65
π SL: 2356.69
Apply Proper Risk Management
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π΄ LONG $HYPE/USDT | Cross 50X
β Entry: MARKET PRICE
π― TP: 82.488
π SL: 77.016
Apply Proper Risk Management
β Entry: MARKET PRICE
π― TP: 82.488
π SL: 77.016
Apply Proper Risk Management
π΄ LONG $BTC/USDT | Cross 50X
β Entry: MARKET PRICE
π― TP: 84788.9
π SL: 80321.7
Apply Proper Risk Management
β Entry: MARKET PRICE
π― TP: 84788.9
π SL: 80321.7
Apply Proper Risk Management
πΈπ¦Saudi Arabia has the price it wanted, but not the barrels.Its central bank holds about $ 480bn in foreign assets, SAMA data shows.Its cash flow is weaker. It has run budget deficits in most years since 2014 and the current account has slipped into the red too.This yearβs deficit is now forecast at SAR 245bn, or 4.9% of GDP, against a SAR 165bn target, the finance ministry says.The IMF now expects the economy to shrink 3.3% this year.Bloomberg Economics puts the fiscal breakeven at about $94β96 a barrel. Brent is at $112, but Riyadh canβt pump enough to cash in.
β Entry: MARKET PRICE
π― TP: OPEN
π SL: 7.547
Apply Proper Risk Management
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https://etherscan.io/tx/0x42738e4165742910efd3d79dc6daa451e607c721c3450a35a1b57aa18f64285a
https://etherscan.io/tx/0xeec6d3b6c6cf52c8af631c18709f027912ecd81f335d8cb1c3ac0805f0c2d96c
Congrats to all participants as we continue to grow our capital gradually.
https://etherscan.io/tx/0xeec6d3b6c6cf52c8af631c18709f027912ecd81f335d8cb1c3ac0805f0c2d96c
Congrats to all participants as we continue to grow our capital gradually.
π1
ETH UpdateEthereum is sitting at a critical point after the sharp drop from the $2,700 zone. The $2,370 area has acted as support several times, but buyers have yet to produce a convincing bounce.Here's what I'm watching:- $2,370: Immediate support. A clean breakdown below this level could expose the $2,300 zone.- $2,525β$2,550: Resistance. ETH needs to reclaim this area to show signs of recovery.- $2,630: A stronger resistance zone to watch if buyers manage to push the price higher.My view: ETH is still under pressure, and I don't want to assume this support will hold just because price has bounced from it before. A breakdown would be a warning sign, while a reclaim of $2,550 could improve the short-term outlook. Until then, I'm watching how ETH reacts around $2,370.DYOR.