ElRealMengueche

$BTC (1-hr): mini-rally after extreme oversold conditions hanging by a thread

Quick update, on Friday night I wrote that we're probably due for a few days of 'relief', meaning a small bounce higher, temporary because the main trend is down and accelerating.

Bitcoin did cool off over the weekend indeed, quickly reaching $64,250 on Sunday, yesterday it tried to break through but showed weakness and now we have a double top, which is usually a signal of a possible trend ending (a local one in this case).

What's important is that during the second attempt to reclaim that $64k area (the ATH from the previous bull market, an important level) volumes were already fading, that's another sign of weakness.

To finally risk saying that this mini-rally is over, I need to see a breakdown from the local range (orange box) to the downside, meaning the $62.2k level is on watch.

The target of a breakdown from the orange range (and from this double top) is $60.4k - $60.6k, and at that point the chances of continuation lower become very high.

The main support is obviously the round $60k level where the 200 MA on the weekly chart is located.

The 200 MA on the weekly chart is the most important moving average in technical analysis, institutions use it widely and Charlie Munger used to say that long-term buying of strong assets at the 200 WMA is a good long-term investing strategy.

The problem is that institutions are not interested in mass buying Bitcoin at this level right now, which can be seen in the attached chart showing continued capital outflows from ETFs.

That's why I'm not rushing into a second averaging entry at this level, I already did it once, according to plan, and now I'm moving my orders one level lower, slightly above $57,000.

Alright, ending this post because it looks like the breakdown might already be starting.

It's going to get interesting. It's going to be fun.

👽💙

#BTC🔥🔥🔥🔥🔥 #XRPUSDT🚨 #WLD🔥🔥🔥 #SolanaUSTD I felt it, check out the scent of 80k in the air...82k...76k...and 90k

🤣😂 I tell you that today my priority is as a content creator and to participate in the CreatorPad campaign and educate about these projects. Honestly, I still haven't bought the token because my financial capacity is focused 100% on my recurring plan in $BTC and $BNB and PAXG which is the digital gold currency. My greatest investment today is the time I dedicate to ensure that we all grow together! 👍😉

Oh my God, I have lost all my salary for 3 months, the market didn't give me a single breath 😭 $THE

I’m leaning bullish from here on $BTC .
Feels like there’s still room for price to push — at least toward the $73K area.

If you’re not already in a long… honestly, this might still be a spot worth trying.

Not financial advice obviously — just how I’m reading the tape right now.
Market still looks like it wants higher.

Trading Plan (Long)

Entry: $72,300 – $71,600
SL: $70,500
TP: $73,300, $73,800, $74,070

Long $BTC 👇

#ETH🔥🔥🔥🔥🔥🔥 #bnb #SolanaStrong Get ready for a Sol 140+ Bnb 930+ and ethereum 3.250 +, they are heavily loaded, soon they will spike in a blink that you won't see coming 🚀🚀🚀🚀

Do I close or hold on? How much more can it rise? I am already at the limit of my savings

Now Time To SHORT market 🔴 As I told 94k is heavy supply zone That will target from 90k
now target hit Close LONGs

COIN $BTC

Entry I already take from 94,331$
TP it's upto you
SL update soon

REASONS :
1) If BTC give H4 structure shift then still we see retracement if didn't so still we go down

2) If market break Mid Range then it come down to retrace mid of macro lower range and if didn't break mid range so still down

TP would be easily 93k to 92k 🔴 Trailing SL is upto you

For those who believe it is bullish, it is not; it exited our bullish channel on the daily and the target will be the same width as our previous channel.

$BTC is not bullish, it is just a normal retracement; BTC, after dropping 40 thousand dollars at some point, has to recover, but this year is a downtrend, take note of my words.