Afridiyam_cyrypto

📌 - Bitcoin Analysis

4H Timeframe

Unexpectedly, price broke through the resistance zone I marked and has continued to move along its bullish channel.

Now, with new level, the FVG is the next support level for BTC.

I'm not going to say where the local top will be as it'll be too much of a gamble, but one thing is for sure, that FVG is the closest support level for now.

#BTC

📌 - Bitcoin Analysis

4H Timeframe

Still with the same roadmap as yesterday.

Price is currently facing the resistance zone i highlighted and it still fails to break through it.

Not much to say or do, other than to see how things play out from here.

#BTC

Gold - Analysis

Technical wise, gold is looking quite bearish.

It is not only rejecting its fibonacci 0,618 ratio, but there is also a bearish divergence forming right now.

Gold has been sensitive to conflicts and move in contrast, so there's a big chance gold is pricing in something that is yet to happen.

#XAU

📌 - Bitcoin Analysis

4H Timeframe

New price levels now, going back to the old bullish channel that is still holding on.

In my experience, bullish channel never sustain for too long or too far, because the market itself is not efficient and rarely moves according the traditional theories.

So, i think a breakdown is just around the corner, possibly from the current level, as it is retesting a resistance zone as well.

#BTC

🔖 This is very interesting and unusual.

Despite Iran initially rejecting participation, we have news of JD Vance coming to Pakistan.

It’s possible they’ve convinced Iran to enter a second round of negotiations.

I’d say the next 1–2 days are very crucial for the markets as the ceasefire deadline approaches.

#BTC

📌 - Bitcoin Analysis

4H Timeframe

And poof, down it goes.

Bitcoin formed it's local top last night, playing out the bearish divergence against the Stochastic.

The timing is just right, with the new information that the Hormuz strait is being closed by Iran again.

From here, although price have reached the support zone, it's yet to show any bullish strength.

So, i think it's going to form a tiny retest and head lower again to the FVG.

#BTC

$ETH - Next Target

Ethereum is also moving very strong and has broke through its closest resistance level.

The next target, which aligns with not only fibonacci ratios, but also previous major low level sitting at around $2600-ish.

With the current impulsive trend it's in, that area should be reached easily.

#ETH

Bitcoin - What's Next?

Now, with a higher high and previous key levels being broken through, the structure has now changed.

The previous resistance zone has now turned into support.

However, a bearish divergence against the stochastic seems to be forming, so a local top might be just around the corner.

#BTC

And there we go.

💵 A solid +6% move straight to a higher higher.

Just as i outlined in previous daily updates.

Stay tuned for more free outlooks!

#BTC

📌 - Bitcoin Analysis

12H Timeframe

Bitcoin is still moving within its bullish channel.

The key thing that i want to highlight is how price matched the previous major top back in mid March.

It's hard to say whether price is going to climb higher sustainably or reverse back down from here.

To keep things simple, as long as price stays within both the bullish channel and resistance zone, the bias remains bullish.

#BTC

📌 - Bitcoin Analysis

4H Timeframe

The channel i mentioned in the last daily update turns out to be a rising wedge pattern.

That bearish pattern has played out, which breaks the short-term bullish trend.

Now, price is retesting back into its resistance zone, which is also where golden fibonacci ratios are lining up as well as a resistance.

There's a big chance price will head lower from here.

#BTC

The ceasefire talks have COLLAPSED.

JD Vance has returned to the U.S. after 20+ hours of talks.

This means the Strait of Hormuz remains a major issue, and oil will rise higher sooner.

Iran won’t open the Strait of Hormuz, and the U.S. may be forced to take action.

Monday is going to be catastrophic for markets, judging by the current conditions.

I’d say it’s a good time to fill your car tank.

#BTC

📌 - Bitcoin Analysis

12H Timeframe

A new perspective on BTC.

Price has been climbing higher slowly, candle by candle. Although it seems like a bearish rising wedge pattern that could top any moment, this case seems to be the one where it just keeps on climbing higher and the wedge actually acts just as a bullish funnel.

Unless its proven otherwise, price should head a bit higher into the red resistance zone.

#BTC

📈 $BTC DAILY UPDATE

4H Timeframe

Price is moving higher just as i expected.

However, it's looking quite weak, reflected by only candle wicks forming the higher high not strong body candles.

On top of that, there is a bearish divergence that has formed with price going higher, yet the Stochastic is trending lower.

So, it's hard for me to say, i believe price would climb higher, just slowly, yet at the same the risk for a local top to form, as shown by the bearish divergence, is big as well.

#BTC

📈 $BTC DAILY UPDATE

12H Timeframe

BTC is continuing the US-Iran ceasefire rally by respecting its latest bullish FVG, which is a marker of the bullish trend still going strong.

From here, price should head on a bit higher with the next resistance sitting at $73K.

The broader trend remains bearish, as we are in a bear market, but for now, things are looking very bullish short-term.

#BTC

📈 $BTC DAILY UPDATE

12H Timeframe

After the US-Iran ceasefire news yesterday, Bitcoin and global assets pumped very strongly.

However, BTC is actually leading the rally at +5%, ahead of S&P 500 (+2.54%) and Gold (+2%).

Before this rally, my mid-term and short-term bias was both bearish.

Now, i will look at it objectively and say that the short-term bias has flipped to bullish, highlight: short-term.

As price respected the last FVG, there's a big chance this one will get respected as well and head on higher.

#BTC

📈 $BTC DAILY UPDATE

12H Timeframe

Like i said, don't get too excited just yet.

Bitcoin has rejected from the bearish trendline i marked and the Stochastic has confirmed the local top with a death cross as well.

However, price is sitting at a massive bullish FVG, purple rectangle, so i expect some bullish reaction around the current region.

I'll be honest, it's almost impossible for me to guess where things are going next.

But, one thing i do know, the trend is still bearish, and this is just months-long bearish consolidation, waiting for the right time to head lower.

#BTC

💡 $BNB - Trade Idea

This confirms the trade idea i gave yesterday.

Up close, we can see that BNB is testing a bearish trendline, one that has marked multiple local tops previously.

On top of that, there's a hidden bearish divergence forming, with the Stochastic at an overbought level.

This would make a great entry area.

#bnb

📈 $BTC DAILY UPDATE

12H Timeframe

Unexpectedly, Bitcoin pumped straight through the minor bearish FVG that i marked in previous daily updates.

However, i wouldn't get excited just yet. There are 2 things that still concerns me:

- Monday pump. It's a well-known event in which Bitcoin tends to pump in the first day of the week only to die out not long after.
- Technical resistance. Price is still sitting below the bearish trendline. This level has previously signalled a local top and it seems no different as well this time.

So, unless those two are cleared, my bias remains bearish.

#BTC

📈 $BTC DAILY UPDATE

4H Timeframe

Not much to say, as price has barely moved since my previous daily updates.

To be expected, as it is the weekend and trading activities from financial institutions aren't run.

I have reminded previously as well that this FVG that price is in is quite massive and it might take a while.

But nonetheless, the bias remains bearish.

#BTC