Danswitch12306

The small pressure that just dropped this evening at $BTC could trigger a significant downturn, which is one of the signs of a deep bear market—its aim is to prevent anyone from finding a good entry point, meaning it typically won't retrace to a favorable level.
The support below is where the short positions take profit: Level one at 5w3 and level two at 4w9.
Be cautious in your trading; when you want to buy, focus more on spot rather than engaging in contracts.

$BTC 62780
If we don't close above this range by midnight tonight, we'll continue to see a bearish structure, aiming for target one at 5w3 and target two at 4w9.
If we close above that, we'll extend the recent consolidation structure, with the key bullish level adjusted from 7w6 to 66790. If we hold above that, we can shift our outlook to bullish.
Plan your trade, trade your plan.

$BTC Latest Wave Space
Taking it step by step, the new support on the right side is at 62400, cautiously bullish;
The resistance zone is in the red area above 64000, around 64840, if it gets close, go bearish, still watching the divergence line at 66790, if it breaks, it’s bullish trend ahead. With Thursday and Friday coming up and the end of the month fast approaching, there might be some pullback to shake out options.

$BTC 62780
If we don't close above this range by midnight tonight, we'll continue to see a bearish structure, aiming for target one at 5w3 and target two at 4w9.
If we close above that, we'll extend the recent consolidation structure, with the key bullish level adjusted from 7w6 to 66790. If we hold above that, we can shift our outlook to bullish.
Plan your trade, trade your plan.

At $BTC , the key level is 64190. If we break upwards, we’ll continue in this consolidation structure; if we dip down, we’re looking at a bearish trend continuing.
The US-Iran talks are probably still not fully priced in, and we need to be cautious about the ‘big bomb’ of tapering expectations lurking in the shadows.
Monday is usually the most chaotic trading point, and with the weekend news being so convoluted, I mentioned yesterday that we should wait for the structure to form. This morning's whipsaw likely forced a lot of positions into losses…
Tonight, we should see the first wave of capital making its move. Let’s wait for volatility to stabilize and the corrections to finish before reassessing the situation. Don’t jump in blindly.

$BTC needs to be watched... We need to see a new structure develop around here to keep our bullish outlook. Right now, we're grinding near some minor resistance.
Trade with caution, plan your moves.

$BTC US stocks are on a break these days, liquidity might tighten up, plus the current trend has already broken below the original support trendline.
Here are three scenarios depicted in the chart:
📈Chart 1: Key area at 63100, if it flips up without breaking down, quick recovery at 63100, but facing resistance at 64500;
📉Chart 2: If it flips up at 63100 but the highs and lows are gradually decreasing, there's a chance of a volume spike breaking down the low, leading to a continued downtrend;
📉Chart 3: If the highs and lows are gradually lowering, breaking down the low to grab liquidity and then a retracement, if it fails to rally above 63100, the downtrend continues, but with insufficient volume, it might stall around 61000, where you could consider shorting or going long in that vicinity.

Plan your trades, trade your plan.

$BTC Check the pressure situation, gotta be careful here.

$BTC divergence at 7w6 still holds. If you caught my short post earlier at 61000, then taking some profits at 67300 would definitely improve your mindset. Just take it slow.
I was aiming for a big bullish trend at 7w7, but it failed at 73500. Now I'm just taking it one trade at a time, trying to recover the losses from that trend.
Trade cautiously. Only consider going short if we hit 7w4; otherwise, just take profits on your longs. Set stop losses for shorts around 7w6, or keep an eye on the chart for bullish momentum and adjust your stop losses accordingly.

$BTC Let's see where this can go, the divergence point is at 76k. For the big trend to turn back above 80k, this rally needs to break through 76k to trigger the divergence; otherwise, we're looking at a drop down to 53k and 49k. The ideal entry for long or short plays in this rally is around 74k.
Take it trade by trade, especially with SpaceX going live on the 12th this week; it's still uncertain if the market has fully priced it in. Liquidity risk is still a factor. Keep an eye on the resonance between gold and BTC, both have clear pullback demands lately.
Spot trading is the way to go, not high-risk contracts. Be cautious, not gambling.
49k is a significant bottom in consensus terms, while gold is at 3800. If we break below these levels, there won't be any viable assets left in the market. So, focus on spot trading where you can.

$BTC The divergence is still around 76k, but keep an eye on the 67,300 area for potential exits.
The closer we get to 74k, the better the short positions look, so let's tread lightly.
The Middle East is a total mess right now; the anticipated impact of the Fed's pricing adjustments starting in June has been put on hold, and we might not be able to think about it until August or September. The situation between the US, Israel, and Iran is all about maintaining a balance of power, so let's be cautious and keep an eye on this Middle Eastern drama.
The Israeli side is trying to interfere with the agreements to limit Netanyahu's midterm elections;
On the US side, Trump is desperately looking to disengage from the Middle East quagmire before the midterms;
On the Iranian side, one faction is pushing for revenge, vowing to take Netanyahu's head; while another faction is playing good cop, bad cop with the US, manipulating oil prices for personal gain.
The reason this quagmire is so deep is that every move made by those involved just sinks them further...

$BTC The divergence is still around 76k, but keep an eye on the 67,300 area for potential exits.
The closer we get to 74k, the better the short positions look, so let's tread lightly.
The Middle East is a total mess right now; the anticipated impact of the Fed's pricing adjustments starting in June has been put on hold, and we might not be able to think about it until August or September. The situation between the US, Israel, and Iran is all about maintaining a balance of power, so let's be cautious and keep an eye on this Middle Eastern drama.
The Israeli side is trying to interfere with the agreements to limit Netanyahu's midterm elections;
On the US side, Trump is desperately looking to disengage from the Middle East quagmire before the midterms;
On the Iranian side, one faction is pushing for revenge, vowing to take Netanyahu's head; while another faction is playing good cop, bad cop with the US, manipulating oil prices for personal gain.
The reason this quagmire is so deep is that every move made by those involved just sinks them further...

$BTC Let's see where this can go, the divergence point is at 76k. For the big trend to turn back above 80k, this rally needs to break through 76k to trigger the divergence; otherwise, we're looking at a drop down to 53k and 49k. The ideal entry for long or short plays in this rally is around 74k.
Take it trade by trade, especially with SpaceX going live on the 12th this week; it's still uncertain if the market has fully priced it in. Liquidity risk is still a factor. Keep an eye on the resonance between gold and BTC, both have clear pullback demands lately.
Spot trading is the way to go, not high-risk contracts. Be cautious, not gambling.
49k is a significant bottom in consensus terms, while gold is at 3800. If we break below these levels, there won't be any viable assets left in the market. So, focus on spot trading where you can.

$BTC 66 is toast, this is the last defense zone for the bulls. If we break 61k again and then pull back a bit, we're probably heading straight for 53k and then 49k.
If that initial 70k was designed as the peak, a drop to 35k is totally on the table. But if we really get to that point, the decentralized nature of crypto might just be a thing of the past. After all, once the institutions finish scooping up those low-level tokens, the idea of 'decentralization' in crypto will be nearly impossible.

$币安人生 is lit 🤪, tonight the Chinese concept stocks are done for, going short is the way to go.