#BTC
This move looks fragile
While price bounced off the 60k level, open interest declined, indicating that this move is being driven more by short covering rather than aggressive perp buying.
At the same time, spot CVD is up, supporting the move, but not enough for a sustainable recovery.
Overall, this rally isn’t backed by aggressive buying on either side of the market and is unlikely to last long.
This move looks fragile
While price bounced off the 60k level, open interest declined, indicating that this move is being driven more by short covering rather than aggressive perp buying.
At the same time, spot CVD is up, supporting the move, but not enough for a sustainable recovery.
Overall, this rally isn’t backed by aggressive buying on either side of the market and is unlikely to last long.
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Forwarded from Crypto Tech Premium
🟢 #WLD/USDT
Exchange: Binance
Entry Targets:
BUY NOW
0.34
TP1: 0.36
TP2: 0.38
TP3: 0.40
TP4: 0.55
▫️Stoploss:
0.25
Posted By: Crypto Tech & Signals
Exchange: Binance
Entry Targets:
BUY NOW
0.34
TP1: 0.36
TP2: 0.38
TP3: 0.40
TP4: 0.55
▫️Stoploss:
0.25
Posted By: Crypto Tech & Signals
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#BTC
We have reclaimed 65950, which brings the red scenario back into play.
Ideally, we want to see a sweep of the previous day’s high followed by a rejection back towards the downside.
However, an extension towards 68.2k is not out of the picture. Given the amount of liquidity sitting around that area, a push higher remains a valid possibility.
However, if we get rejection and the breakout fails again, market will likely remain weak below this area and may continue further to the downside.
The Weekly Bearish Continuation Level at 65,750 is the key area to watch on the revisit. If the market breaks out to the upside with strong confirmation, we could see a bullish recovery move from here.
We have reclaimed 65950, which brings the red scenario back into play.
Ideally, we want to see a sweep of the previous day’s high followed by a rejection back towards the downside.
However, an extension towards 68.2k is not out of the picture. Given the amount of liquidity sitting around that area, a push higher remains a valid possibility.
However, if we get rejection and the breakout fails again, market will likely remain weak below this area and may continue further to the downside.
The Weekly Bearish Continuation Level at 65,750 is the key area to watch on the revisit. If the market breaks out to the upside with strong confirmation, we could see a bullish recovery move from here.
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#BTC
We're seeing price continue above the marked resistance at $63.7k.
For bearish thesis to play out, we need to stay below the trendline support. We are expecting price to extend slightly higher toward my short entry around $64.7k.
Right now, we need to break back below 64,250 for continuation towards the downside. The longer we hold above this level, the higher the chances are that we see acceptance back inside the bear flag.
That would open room for a deeper retest of the 65.7k region. If we break above it, then 67k-68k will be the next area of interest.
We're seeing price continue above the marked resistance at $63.7k.
For bearish thesis to play out, we need to stay below the trendline support. We are expecting price to extend slightly higher toward my short entry around $64.7k.
Right now, we need to break back below 64,250 for continuation towards the downside. The longer we hold above this level, the higher the chances are that we see acceptance back inside the bear flag.
That would open room for a deeper retest of the 65.7k region. If we break above it, then 67k-68k will be the next area of interest.
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#BTC | Update (4H)
This move to the downside doesn't look finished just yet. We are currently trading below the weekly open. For continuation to the downside, it's important that we reject the weekly open on a revisit if we get one. On the other hand, reclaiming the weekly open would be another confirmation that a higher low is likely in place.
Right now, we are ranging around the previous weekly low after sweeping it. These types of ranges at a major low/high usually suggest that momentum hasn't fully exhausted yet, as these ranges are formed when we fail to get enough momentum needed for price to reverse.
Therefore, as long as we remain below the weekly open, continuation to the downside remains the higher probability scenario heading into the monthly close.
This move to the downside doesn't look finished just yet. We are currently trading below the weekly open. For continuation to the downside, it's important that we reject the weekly open on a revisit if we get one. On the other hand, reclaiming the weekly open would be another confirmation that a higher low is likely in place.
Right now, we are ranging around the previous weekly low after sweeping it. These types of ranges at a major low/high usually suggest that momentum hasn't fully exhausted yet, as these ranges are formed when we fail to get enough momentum needed for price to reverse.
Therefore, as long as we remain below the weekly open, continuation to the downside remains the higher probability scenario heading into the monthly close.
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#ETH
Ethereum breakout around the corner, and we’ve seen some nice reactions from altcoins as well.
It feels like the market has become slightly overheated in the short term.
Right now, ETH need to break above 1950$ for continuation towards the upside. The longer we hold above this level, the higher the chances are that we see acceptance back inside the bullish trend.
Ethereum breakout around the corner, and we’ve seen some nice reactions from altcoins as well.
It feels like the market has become slightly overheated in the short term.
Right now, ETH need to break above 1950$ for continuation towards the upside. The longer we hold above this level, the higher the chances are that we see acceptance back inside the bullish trend.
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$BTC
If price pushes above 66k, a large number of low-leverage short positions will get liquidated.
Below us, on the other hand, there aren’t nearly as many long liquidations, making the upside the more attractive target.
The only significant cluster below sits just under 58k, which could get swept after the upside liquidity has been cleared.
If price pushes above 66k, a large number of low-leverage short positions will get liquidated.
Below us, on the other hand, there aren’t nearly as many long liquidations, making the upside the more attractive target.
The only significant cluster below sits just under 58k, which could get swept after the upside liquidity has been cleared.
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#Bitcoin
The last 3 times Bitcoin ended both May and June in the red, July bounced back with an average return of 18%.
If history gives us a similar move this month, $BTC could be heading toward the $70K range.
The last 3 times Bitcoin ended both May and June in the red, July bounced back with an average return of 18%.
If history gives us a similar move this month, $BTC could be heading toward the $70K range.
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Bitcoin Fear and Greed Index is 27 - Fear
Current price: $63,739
Current price: $63,739
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#Bitcoin
JULY HAS PLAYED THE SAME ROLE IN EVERY BITCOIN BEAR MARKET.
2018.
2022.
Now 2026.
Each time, Bitcoin found relief in July.
Then weakness returned in the months that followed.
The calendar isn't a trading strategy.
But history has a habit of rhyming.
JULY HAS PLAYED THE SAME ROLE IN EVERY BITCOIN BEAR MARKET.
2018.
2022.
Now 2026.
Each time, Bitcoin found relief in July.
Then weakness returned in the months that followed.
The calendar isn't a trading strategy.
But history has a habit of rhyming.
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