The name has been unified from Mohammed Al-Mikhlafi, Crypto Lens to Crypto Lens 👁️🔍
This is a developmental step to create a unified identity that combines the name and content, and "Crypto Lens" will be the name that represents Mohammed Al-Mikhlafi in all that he provides in analysis and insights in the world of cryptocurrencies 🔍💎 Mohammed Al-Mikhlafi $ETH
This is not to scare anyone, but this is what the chart is saying right now. So what do you do? It’s better to exit half of your portfolio, and not be affected by any temporary rises and re-enter, but wait until Bitcoin reaches its targets and stabilizes.
Exit temporarily, and if clear trading opportunities appear, then enter them, as for investment it is appropriate when Bitcoin reaches the 104–100 areas.
We are not necessarily in a bearish trend, but we are watching the rebound areas with interest. This market is for everyone, and we may be right or wrong.
The target at 133 is still valid and is related to the current movement of Bitcoin. For now, it is preferable to be a trader, and if you hold investment coins, just lighten them.
🔹 Analysis is just a personal effort — your entry and exit is your responsibility $BTC
The currency is moving in a downward trend and attempted to break it but did not succeed, so the downward trend is still dominant.
The daily closing in this manner is considered negative.
There is a small symmetrical triangle, and the direction will be determined by the break.
Break upward → Rise.
Break downward → Drop.
And due to the continuation of the downward trend and the appearance of negative divergence (Bearish Divergence) on the MACD indicator, the greater probability is the break downward.
The trend shown on the chart has been extended since October 27 at the corrective peak, and it is originally a downward oscillating trend starting from the historical peak to the corrective peak.
During the downward movement, Bitcoin tried to break the trend 3 times but failed on each attempt, and then the death cross occurred, which many mocked, yet Bitcoin dropped nearly 17% immediately after.
Bitcoin moves exactly according to the latest update: The price was at 92–93, and the gap was targeted before entering a consolidation phase within the gap without the ability to exit it.
Now we need to:
🔹 Confirm the rise
Closing above the resistance area 93195 – 93808 To target the weekly gap between 96,000 – 99,000.
🔹 Ideal buying areas
Were between 90 – 87 and were excellent for accumulation.
The moving averages crossover was clear before breaking 3170, and it indeed gave us a quick correction as expected, but the positive thing is that it returned immediately and broke above the 3170 level, stabilizing the price above it.
Now we need confirmation of the upper target through a four-hour close above 3240 to ensure the upward momentum continues.
If you are thinking of entering, it is better to wait for a four-hour close above 3240 for a safe entry, with the stop below the last low formed on the same timeframe.
Bitcoin has reached a resistance range of 93,195 and closed above it, which is considered a positive close. However, the resistance extends between 93,195 – 93,808, and we have not seen a clear close above this area yet.
If it closes clearly above the resistance: It targets the weekly gap at 96,400 – 99,136 And that’s why you will find discussions about targets of 97 or 100; all of which fall within the gap.
However, if it does not close above the resistance: Any correction towards the gap below 90,180 – 87,645 is considered very natural, representing an excellent entry opportunity with a stop loss placed below the gap.
We continue to monitor… Either a close and a breakout, or a correction and continuation of the trend.
Closed with a positive closure on the monthly and weekly frames, but right after the closure, strong candles appeared that "punched the screen" 😂 and it wasn't just a correction… it was a rapid and clear drop. I was sleeping 😭 and every time I wake up I don't know why 😂 The level that was supposed to hold at 87 couldn't withstand at all, and with this, we can say that the idea of correction was completed ✅
As I mentioned to you earlier: On the weekly frame, there is a positive divergence (Bullish Divergence), but this is not enough to confirm the upward trend. We still need to form a clear bottom on the chart, as the current situation is just a downward candle followed by a small upward candle, and this does not activate the positive divergence with certainty.
During the next two to three weeks, we expect continued fluctuations until the bottom shape is completed. We also have important news on December 10 that may increase market movement.
In the end, we are not looking for a new peak; what we aspire to is a rebound towards levels of 100–102 thousand only, as the current Bitcoin cycle has ended.$BTC
The correction idea is still valid, just act on your stop $BTC
عدسة الكريبتو - Crypto Lens
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Bitcoin (BTC):
Activate the stop loss. The price reached 91,950 and I noticed the interaction at this level. There is currently negative divergence on the four-hour frame, so it is preferable to activate the stop loss for alternative currencies only.
If the price starts to correct, we monitor its interaction at the level of 87,700 at the order block area. $BTC The idea of correction is canceled if the level of 91,950 is breached.