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Summary:
We think BTC will likely fluctuate within the 9k – 10.5k range this coming week. The fundamentals are looking more bullish compared to last week. From the technical analysis perspective, we believe we are at key support, with a 0.4-0.5k bear trap zone beneath.
Key Fundamentals:
1. Smart money action:
We are now seeing pickups in the on-chain smart money actions. With on-chain vol finding support and stabilizing, we are bullish for the long term.
2. Miner action:
Both hash rate and difficulty are recovering, and miner capitulation is ending. With miner capitulation historically marking market bottoms, this is a bullish long-term sign.
3. Overall Market Sentiment:
Overall market sentiment is quite rational right now with not much bias.
4. Seller Group Only Market Sentiment:
Selling in profit and in bull trend. We picked up alerts of decreasing selling pressure a few days ago, and this is bullish for the short term.
5. Margin Market Actions
We have a potential for short squeeze. This is bullish for the short term.
6. SPX impact:
See the ideas linked at the bottom.
Key Technicals:
1. Strong support at trendline crossover
2. Target: 10.5k for this week
3. Wave developments:
We’ll likely keep on developing wave4 this week, fluctuating between 9k – 10.5k.
4. Oscillators at key support
What’s your view on the week ahead? Do you agree or disagree? All thoughts and critics are welcomed!
Summary:
We think BTC will likely fluctuate within the 9k – 10.5k range this coming week. The fundamentals are looking more bullish compared to last week. From the technical analysis perspective, we believe we are at key support, with a 0.4-0.5k bear trap zone beneath.
Key Fundamentals:
1. Smart money action:
We are now seeing pickups in the on-chain smart money actions. With on-chain vol finding support and stabilizing, we are bullish for the long term.
2. Miner action:
Both hash rate and difficulty are recovering, and miner capitulation is ending. With miner capitulation historically marking market bottoms, this is a bullish long-term sign.
3. Overall Market Sentiment:
Overall market sentiment is quite rational right now with not much bias.
4. Seller Group Only Market Sentiment:
Selling in profit and in bull trend. We picked up alerts of decreasing selling pressure a few days ago, and this is bullish for the short term.
5. Margin Market Actions
We have a potential for short squeeze. This is bullish for the short term.
6. SPX impact:
See the ideas linked at the bottom.
Key Technicals:
1. Strong support at trendline crossover
2. Target: 10.5k for this week
3. Wave developments:
We’ll likely keep on developing wave4 this week, fluctuating between 9k – 10.5k.
4. Oscillators at key support
What’s your view on the week ahead? Do you agree or disagree? All thoughts and critics are welcomed!
Commentaire:
This is how we tie TA and FA together!
Commentaire:
Another drop likely in the short-term. We are still bullish for the long-term and accumulating whenever we can. Check out the details below:
Commentaire:
BTC is so far moving as planned. Currently, it's at a critical moment. The 2D RSI needs to move above its MAs for a continued BTC bull trend.
Commentaire:
BTC remains in a bullish trend and we are currently at a level of great risk-reward setup.
See the update below from both fundamental and the technical perspectives.
See the update below from both fundamental and the technical perspectives.
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