Bitcoin (BTCUSD) has been on a slow rebound following the 1W MA100 (red trend-line) test and is close to forming a 4H Golden Cross for the first time in more than 2 months. However a similar rebound attempt in December 2021, at the start of the BTC's previous Bear Cycle, after also dropping by -39.50% from the top (against todays -36.20%), falled to form a 4H Golden Cross the 'last minute' and the market resumed the bearish trend towards a new Low, completing a -50.34% total decline So far the 1D RSI is similar to December 2021 but there is one key difference. Now Bitcoin has already tested its 1W MA100 (and rebounding) while on the previous Bear Cycle it only came close to it in February 2022.So will that favor and support the market for a little while and make that 4H Golden Cross or the 1D RSI and -36.20%identical drop fractal will push it lower? In the first case, the market will look for a 1D MA200 (black trend-line) test around $105k which is what happened in March 2022, while in the second for a-47,.30% total drop around S67000
One thing is for sure, if Bulls want to see some relief for some time, they have to defend that 4H Golden Cross. Which scenario do you think will prevail?Feel free to let us know in the comments section below! $BTC
⚠️ FOMC VOLATILITY ALERT: Bitcoin open interest just dropped sharply as traders aggressively de-risk ahead of FOMC! Leverage positions flushing out — expect wild BTC volatility in the next sessions. 🚨
ETH has successfully bounced from the lower Bollinger Band (2,742 area) and reclaimed the mid-band (3,035). This is a strong bullish reversal signal on the daily timeframe.
Currently, ETH is pulling back slightly after touching the upper Bollinger Band (3,327) — which is a normal correction before a continuation move.
✔ Why this is a BIG Profit Spot Setup?
1️⃣ Daily trend turning bullish Price is now above the mid-band → momentum shifting upward.
2️⃣ Strong higher-low structure From 2,620 → 2,900 → now 3,180, showing buyers are in full control.