SAPIEN on the H4 and H1 timeframes is showing bearish signals. The candle closes with a long wick, indicating strong selling pressure from the bears, causing a sharp price drop.
CLO on the H1 and H4 timeframes is still in a downtrend, with very strong selling pressure. The candle closed below the MA lines. The downtrend continues.
PIPPIN on the H4 timeframe has formed a clear bearish price pattern, testing the peak three times but failing each time. The strong selling pressure at the peak could trigger a domino effect, causing PIPPIN's price to fall to a deeper support zone.
JCT on the H1 timeframe is showing bullish signals. The candle closed above the moving averages, indicating strong buying pressure from bulls. An uptrend is likely to occur.
MERL on the H4 timeframe has given a bearish signal, with a pinbar candlestick closing with a long wick. Selling pressure is very strong, overwhelming the bulls.
Long BAS Entry: 0.0068 - 0.0072 SL: 0.0062 TP: 0.0077 - 0.0085 - 0.009
BAS on the H4 timeframe is showing maximum buying pressure from the bulls, with the price being pushed up continuously, regardless of any resistance from the bears.
I don’t believe the next Bitcoin bottom will be below $30,000
Some people are sharing this chart and claiming that $BTC will drop to $26,000 in October next year. If you say that Bitcoin’s bottom will form around October 2026, I can agree with that. However, I do not agree that BTC will fall below $30,000. The current Bitcoin cycle is not the same as previous ones. Falling out of the $50,000 price zone is already very difficult, let alone dropping to $30,000. If you keep waiting for BTC to reach $26,000, you may miss the last opportunity in your lifetime to buy Bitcoin at $60,000. Market cycles are only relative. Don’t rely too heavily on theory, because the future is shaped by how the market operates in the present. Buying Bitcoin is about accumulation, so don’t try to bargain too hard on price. $ETH #BTC☀
Both H1 and H4 timeframes for FHE show a bearish signal. Selling pressure from bears is overwhelmingly dominant, rendering all efforts by bulls futile. The downtrend will continue.