#BTC Update π
Bitcoin has now lost its trendline support, confirming short-term weakness as price continues to trade lower.
With $64.4k no longer holding, BTC is currently hovering near $63.5k. Here's the scenario we're watching:
πΉ Retest: A short-term bounce toward the broken trendline around $64.4k.
πΉ Liquidity Sweep: A move into the $62.0k β $62.5k demand area to collect remaining downside liquidity.
πΉ Recovery: If buyers step in, BTC could rally toward the $66.5k β $67.2k supply zone.
For now, patience is key.
Allow the market to complete its liquidity sweep before looking for long opportunities.
Crypto international
Bitcoin has now lost its trendline support, confirming short-term weakness as price continues to trade lower.
With $64.4k no longer holding, BTC is currently hovering near $63.5k. Here's the scenario we're watching:
πΉ Retest: A short-term bounce toward the broken trendline around $64.4k.
πΉ Liquidity Sweep: A move into the $62.0k β $62.5k demand area to collect remaining downside liquidity.
πΉ Recovery: If buyers step in, BTC could rally toward the $66.5k β $67.2k supply zone.
For now, patience is key.
Allow the market to complete its liquidity sweep before looking for long opportunities.
Crypto international
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π LONG
πENTRY : 0.137 - 0.133
πTARGETS : 0.15 - 0.17- 0.20
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ETHUSD (1D) Chart Analysis: By CFT
* Breakout: Price has broken above a long-term red downtrend line that held resistance for several months.
* Key Support Zone: Highlighted in red around $1,800 β $1,850 (current price: $1,868.0).
* Current Structure: Price is performing a classic breakout & retestβchecking if the broken trendline and horizontal zone will act as new support.
* Projected Path: If support holds, the chart projects a pullback/retest followed by a rally toward $2,300+.
* Invalidation: A breakdown back below $1,800 would mark this as a fakeout, risking a fall toward $1,550.
Note: Not Financial Advice, Structure Read Only.
* Breakout: Price has broken above a long-term red downtrend line that held resistance for several months.
* Key Support Zone: Highlighted in red around $1,800 β $1,850 (current price: $1,868.0).
* Current Structure: Price is performing a classic breakout & retestβchecking if the broken trendline and horizontal zone will act as new support.
* Projected Path: If support holds, the chart projects a pullback/retest followed by a rally toward $2,300+.
* Invalidation: A breakdown back below $1,800 would mark this as a fakeout, risking a fall toward $1,550.
Note: Not Financial Advice, Structure Read Only.
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Trading pair: ARBUSDT
π― Chart analysis:
The price of ARB is poised to begin an upward move after testing the $0.13 level.
π Entry:
A long position can be opened near the $0.13 level.
βοΈ Main Target:
Liquidity is present at the previous high of $0.20.
The price of ARB is poised to begin an upward move after testing the $0.13 level.
A long position can be opened near the $0.13 level.
Liquidity is present at the previous high of $0.20.
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