_Ram
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Follow me if you want knowledge ✨ More you learn, more you earn 🧠=💵
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The #HAEDAL Content Challenge officially comes to an end 🤝
Honestly, we received way more quality content than expected.
A lot of creators brought:
* educational threads
* creative takes
* market insights
* memes
* genuine ecosystem discussions
Initially, only 3 winners were planned… but due to the overall quality of the campaign, we decided to select 4 creators instead 👀
🏆 Winners:
@Azraciv23 - Link
@Neeeno - Link
@زرتاشہ گل - Link
@Jia Lilly - Link
Huge appreciation to everyone who participated and helped make this campaign feel organic and alive on Binance Square.
Also… we may distribute some $HAEDAL to additional participants later 👀
Follow me and join my chatrooms to not miss the next campaigns 🤝
Honestly, we received way more quality content than expected.
A lot of creators brought:
* educational threads
* creative takes
* market insights
* memes
* genuine ecosystem discussions
Initially, only 3 winners were planned… but due to the overall quality of the campaign, we decided to select 4 creators instead 👀
🏆 Winners:
@Azraciv23 - Link
@Neeeno - Link
@زرتاشہ گل - Link
@Jia Lilly - Link
Huge appreciation to everyone who participated and helped make this campaign feel organic and alive on Binance Square.
Also… we may distribute some $HAEDAL to additional participants later 👀
Follow me and join my chatrooms to not miss the next campaigns 🤝
_Ram
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🦦 #HAEDAL Content Challenge -
Are you built for this?
I’m launching a content challenge around Haedal - one of the strongest DeFi projects on SUI right now, backed by Hashed, OKX Ventures, Animoca and more.
🎯 Your mission :
Create an original post about Haedal on Binance Square using #HAEDAL
🏆 3 winning categories :
🥇 Best Educational Post
🎨 Best Creative / Meme Post
⚡ Best Engagement Post
📋 Rules :
✅ Follow @HaedalProtocol on Binance Square
✅ 1 original post (2nd post allowed for extra chance)
✅ Use #HAEDAL (uppercase)
✅ Drop your post link in the comments below 👇
❌ No copy-paste
❌ No AI spam
💰 Reward pool : $30 USDT
⏳ Deadline : Wednesday 11:59 PM utc
🏆 Winners announced : Friday
Only the best content wins. Show me what you’ve got. 🔥
Are you built for this?
I’m launching a content challenge around Haedal - one of the strongest DeFi projects on SUI right now, backed by Hashed, OKX Ventures, Animoca and more.
🎯 Your mission :
Create an original post about Haedal on Binance Square using #HAEDAL
🏆 3 winning categories :
🥇 Best Educational Post
🎨 Best Creative / Meme Post
⚡ Best Engagement Post
📋 Rules :
✅ Follow @HaedalProtocol on Binance Square
✅ 1 original post (2nd post allowed for extra chance)
✅ Use #HAEDAL (uppercase)
✅ Drop your post link in the comments below 👇
❌ No copy-paste
❌ No AI spam
💰 Reward pool : $30 USDT
⏳ Deadline : Wednesday 11:59 PM utc
🏆 Winners announced : Friday
Only the best content wins. Show me what you’ve got. 🔥
PINNED
Thank you #Binance and thank you to everyone who supported my journey.
I came to Square with nothing but passion and the desire to help others. This award shows that no matter where you start, your voice can shine if you share with purpose and honesty. I’m very grateful for this platform and for this community 🧡🧡🧡
#BinanceBlockchainWeek
I came to Square with nothing but passion and the desire to help others. This award shows that no matter where you start, your voice can shine if you share with purpose and honesty. I’m very grateful for this platform and for this community 🧡🧡🧡
#BinanceBlockchainWeek
🇺🇸🇮🇷 US-IRAN DEAL RUMORS COULD BE A MAJOR MACRO SIGNAL FOR MARKETS
According to several leaks and unofficial reports, Iran and the United States may have reached a preliminary framework agreement ; essentially a transition process toward a broader long-term deal.
The reported terms would allegedly include a temporary easing period of around 60 days, partial sanction relief, reopening of the Strait of Hormuz, reduced pressure on maritime trade, and a progressive unfreezing of certain Iranian state assets. Some reports also mention a possible return of Iranian oil exports to global markets.
However, the most sensitive issue - the nuclear file - reportedly remains outside the current framework and could be negotiated later if this first phase succeeds.
If confirmed, this would represent a major macro development for global financial markets, especially energy markets, since oil indirectly impacts liquidity and risk sentiment across nearly every sector.
And theoretically, that could also become a positive signal for crypto markets by reinforcing a broader risk-on environment. 👀
For now, though, nothing has been officially confirmed by either Washington or Tehran, so the market is still reacting mostly to speculation and leaks. But overall, sentiment around the reports remains relatively optimistic.
$BTC $CL
According to several leaks and unofficial reports, Iran and the United States may have reached a preliminary framework agreement ; essentially a transition process toward a broader long-term deal.
The reported terms would allegedly include a temporary easing period of around 60 days, partial sanction relief, reopening of the Strait of Hormuz, reduced pressure on maritime trade, and a progressive unfreezing of certain Iranian state assets. Some reports also mention a possible return of Iranian oil exports to global markets.
However, the most sensitive issue - the nuclear file - reportedly remains outside the current framework and could be negotiated later if this first phase succeeds.
If confirmed, this would represent a major macro development for global financial markets, especially energy markets, since oil indirectly impacts liquidity and risk sentiment across nearly every sector.
And theoretically, that could also become a positive signal for crypto markets by reinforcing a broader risk-on environment. 👀
For now, though, nothing has been officially confirmed by either Washington or Tehran, so the market is still reacting mostly to speculation and leaks. But overall, sentiment around the reports remains relatively optimistic.
$BTC $CL
The Longer $BTC Resists Breakdown, the Weaker the Bull Trap Theory Gets
Every time Bitcoin drops, recovers quickly, and keeps resisting a deeper sell-off instead of printing long cascading red candles, the probability of a true bull trap decreases even more.
This is already the second weekly reaction.
The first bearish weekly candle was simply not aggressive enough to confirm a structural reversal, especially when compared to previous bearish consolidations where a single weekly candle erased almost the entire bullish expansion.
This time, the market behaved very differently. The first pullback barely damaged the broader bullish structure, and now the second weekly candle has strongly recovered, forming a long wick that increasingly resembles a hammer reversal pattern.
If this weekly close confirms within the next few hours, then a fully green continuation candle next week becomes a very plausible scenario in my opinion. 👀
Every time Bitcoin drops, recovers quickly, and keeps resisting a deeper sell-off instead of printing long cascading red candles, the probability of a true bull trap decreases even more.
This is already the second weekly reaction.
The first bearish weekly candle was simply not aggressive enough to confirm a structural reversal, especially when compared to previous bearish consolidations where a single weekly candle erased almost the entire bullish expansion.
This time, the market behaved very differently. The first pullback barely damaged the broader bullish structure, and now the second weekly candle has strongly recovered, forming a long wick that increasingly resembles a hammer reversal pattern.
If this weekly close confirms within the next few hours, then a fully green continuation candle next week becomes a very plausible scenario in my opinion. 👀
🚨 $BTC Weekly Close Could Change Market Sentiment 👀
Bitcoin continues holding above the $76K zone, currently trading around $76.5K, and if price closes the week around these levels, the weekly candle could print a hammer structure - a classic reversal signal on higher timeframes.
That scenario would reinforce the bullish setup and could support the possibility of another impulsive move next week, potentially sending BTC back toward the $83K–$85K region.
Of course, this remains a probability, not a certainty. Recent Bitcoin price action has been extremely volatile, with aggressive intraday drops and rapid recoveries becoming increasingly frequent.
So for short-term traders and futures positions, risk management remains essential. 👀
Bitcoin continues holding above the $76K zone, currently trading around $76.5K, and if price closes the week around these levels, the weekly candle could print a hammer structure - a classic reversal signal on higher timeframes.
That scenario would reinforce the bullish setup and could support the possibility of another impulsive move next week, potentially sending BTC back toward the $83K–$85K region.
Of course, this remains a probability, not a certainty. Recent Bitcoin price action has been extremely volatile, with aggressive intraday drops and rapid recoveries becoming increasingly frequent.
So for short-term traders and futures positions, risk management remains essential. 👀
_Ram
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🚨If you’re scared of $BTC ’s violent moves this week, have you considered the possibility that all this volatility could simply end up forming a massive weekly hammer? 👀
Meaning… a weekly reversal candle before a strong bullish continuation next week.
Honestly, that’s still the sentiment I have right now. I remain optimistic on Bitcoin, and the latest rebound only reinforces that view even more.
Since BTC dropped toward the $60K region months ago, the market has repeatedly shown strong support absorption during violent pullbacks. And I still think there’s a realistic possibility that price repeats a similar structure again before the real bullish acceleration resumes.
When you zoom out from the entire move starting around $65K up to current levels, bullish momentum still dominates overall. That’s why, in my opinion, the bull trap theory is still far from confirmed. Bears are simply not showing full structural control yet.
So if you’re a trader or investor, at least keep this scenario in mind before becoming overly emotional about short-term volatility. 👀
Meaning… a weekly reversal candle before a strong bullish continuation next week.
Honestly, that’s still the sentiment I have right now. I remain optimistic on Bitcoin, and the latest rebound only reinforces that view even more.
Since BTC dropped toward the $60K region months ago, the market has repeatedly shown strong support absorption during violent pullbacks. And I still think there’s a realistic possibility that price repeats a similar structure again before the real bullish acceleration resumes.
When you zoom out from the entire move starting around $65K up to current levels, bullish momentum still dominates overall. That’s why, in my opinion, the bull trap theory is still far from confirmed. Bears are simply not showing full structural control yet.
So if you’re a trader or investor, at least keep this scenario in mind before becoming overly emotional about short-term volatility. 👀
🚨If you’re scared of $BTC ’s violent moves this week, have you considered the possibility that all this volatility could simply end up forming a massive weekly hammer? 👀
Meaning… a weekly reversal candle before a strong bullish continuation next week.
Honestly, that’s still the sentiment I have right now. I remain optimistic on Bitcoin, and the latest rebound only reinforces that view even more.
Since BTC dropped toward the $60K region months ago, the market has repeatedly shown strong support absorption during violent pullbacks. And I still think there’s a realistic possibility that price repeats a similar structure again before the real bullish acceleration resumes.
When you zoom out from the entire move starting around $65K up to current levels, bullish momentum still dominates overall. That’s why, in my opinion, the bull trap theory is still far from confirmed. Bears are simply not showing full structural control yet.
So if you’re a trader or investor, at least keep this scenario in mind before becoming overly emotional about short-term volatility. 👀
Meaning… a weekly reversal candle before a strong bullish continuation next week.
Honestly, that’s still the sentiment I have right now. I remain optimistic on Bitcoin, and the latest rebound only reinforces that view even more.
Since BTC dropped toward the $60K region months ago, the market has repeatedly shown strong support absorption during violent pullbacks. And I still think there’s a realistic possibility that price repeats a similar structure again before the real bullish acceleration resumes.
When you zoom out from the entire move starting around $65K up to current levels, bullish momentum still dominates overall. That’s why, in my opinion, the bull trap theory is still far from confirmed. Bears are simply not showing full structural control yet.
So if you’re a trader or investor, at least keep this scenario in mind before becoming overly emotional about short-term volatility. 👀
Participating in the Haedal Pizza Day Giveaway 🍕🦦 hosted by @Eternel insatisfait
Huge respect to the creators pushing this initiative and bringing more fun and creativity into the ecosystem. I just dropped my own Haedal-themed pizza entry, and I definitely encourage you gyus to join the movement and participate too
How much out of 10 do you rate my submission, haha?
#HAEDAL #SUI
Huge respect to the creators pushing this initiative and bringing more fun and creativity into the ecosystem. I just dropped my own Haedal-themed pizza entry, and I definitely encourage you gyus to join the movement and participate too
How much out of 10 do you rate my submission, haha?
#HAEDAL #SUI
Eternel insatisfait
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La pizza 🍕 day avec Haedal, ça se fête.
Joyeux Bitcoin Pizza Day à tous !
Aujourd’hui, je m’associe à Haedal pour vous proposer un concours sympa à l’occasion de cette fête !
Comment participer :
🚩 Partagez votre « photo de pizza Haedal » (photo réelle ou illustration IA) dans une nouvelle publication avec le hashtag #HAEDAL.
🚩 Aimez cette publication et répondez ci-dessous en ajoutant le lien vers votre publication sur la pizza !
Nous sélectionnerons les 5 participants les plus créatifs, qui recevront chacun 10 $ !
⏰ Date limite : 23 mai, 23 h 59 UTC
J'ai hâte de découvrir votre créativité !
Mais surtout, j'espère que vous dégusterez une délicieuse pizza avec vos proches aujourd'hui. Joyeuse Journée de la pizza ! 💕
Important : Pour l'image, les photos réelles ou les illustrations générées par IA sont toutes les deux les bienvenues, mais elle DOIT impérativement comporter les empruntes Haedal plus d'autres éléments de votre choix! 🦦
#Haedal
#HAEDAL
#PizzaDay
Joyeux Bitcoin Pizza Day à tous !
Aujourd’hui, je m’associe à Haedal pour vous proposer un concours sympa à l’occasion de cette fête !
Comment participer :
🚩 Partagez votre « photo de pizza Haedal » (photo réelle ou illustration IA) dans une nouvelle publication avec le hashtag #HAEDAL.
🚩 Aimez cette publication et répondez ci-dessous en ajoutant le lien vers votre publication sur la pizza !
Nous sélectionnerons les 5 participants les plus créatifs, qui recevront chacun 10 $ !
⏰ Date limite : 23 mai, 23 h 59 UTC
J'ai hâte de découvrir votre créativité !
Mais surtout, j'espère que vous dégusterez une délicieuse pizza avec vos proches aujourd'hui. Joyeuse Journée de la pizza ! 💕
Important : Pour l'image, les photos réelles ou les illustrations générées par IA sont toutes les deux les bienvenues, mais elle DOIT impérativement comporter les empruntes Haedal plus d'autres éléments de votre choix! 🦦
#Haedal
#HAEDAL
#PizzaDay
$BTC is back above $77,0000
The same support that pushed BTC back up from $60k, $62.5k, $63k and even around $67k… just held the price again after the drop toward $74k.
What’s interesting is that every rebound from this rising support has historically led to a new local ATH since the bear market bottom.
If this structure continues to hold, another push above $83k could happen sooner than most expect. Maybe next week !
The same support that pushed BTC back up from $60k, $62.5k, $63k and even around $67k… just held the price again after the drop toward $74k.
What’s interesting is that every rebound from this rising support has historically led to a new local ATH since the bear market bottom.
If this structure continues to hold, another push above $83k could happen sooner than most expect. Maybe next week !
Happy belated bitcoin pizza day everyone 🍕
Pineapple free, Pizza! Yeah 😂
Btw, with the current short-term correction on bitcoin, don’t forget how far this ecosystem has already come. from buying pizzas with $BTC years ago to becoming one of the biggest financial revolutions in the world today… the journey has been insane.
markets go up, markets go down, volatility is part of crypto. but moments like bitcoin pizza day remind us why many of us got into this space in the first place. innovation, freedom, community and long-term vision.
enjoy your weekend, take care of yourselves, and don’t let short-term candles steal your peace ❤️
#BinancePizza
@Binance @Binance_Angels
Pineapple free, Pizza! Yeah 😂
Btw, with the current short-term correction on bitcoin, don’t forget how far this ecosystem has already come. from buying pizzas with $BTC years ago to becoming one of the biggest financial revolutions in the world today… the journey has been insane.
markets go up, markets go down, volatility is part of crypto. but moments like bitcoin pizza day remind us why many of us got into this space in the first place. innovation, freedom, community and long-term vision.
enjoy your weekend, take care of yourselves, and don’t let short-term candles steal your peace ❤️
#BinancePizza
@Binance @Binance_Angels
Many altcoins tokens stayed green today despite another violent intraday drop on $BTC 👀
The biggest attention clearly came from $GENIUS , whose explosive +50% rally appears to have been largely triggered by its Binance Spot listing.
That listing likely attracted massive spot volume and speculative flows, amplifying the move throughout the day.
And honestly, this behavior is becoming more common recently. Violent BTC moves are no longer something unusual in the current market environment.
With market maturity, major assets still react strongly to Bitcoin, but many altcoins are starting getting familiarized unless BTC triggers a truly major structural move.
$NEAR
The biggest attention clearly came from $GENIUS , whose explosive +50% rally appears to have been largely triggered by its Binance Spot listing.
That listing likely attracted massive spot volume and speculative flows, amplifying the move throughout the day.
And honestly, this behavior is becoming more common recently. Violent BTC moves are no longer something unusual in the current market environment.
With market maturity, major assets still react strongly to Bitcoin, but many altcoins are starting getting familiarized unless BTC triggers a truly major structural move.
$NEAR
$HYPE a franchi un nouveau record historique, dépassant les 62 $ avec plus de 20 % de hausse en seulement 24 heures.
Une explosion alimentée par :
> L’accumulation massive de baleine
> Des flux records dans les ETFs spot HYPE
Ce qui implique que les marchés sont en train de reprice fortement le token HYPE, que les gros acteurs (baleines + ETFs) montrent une conviction très forte, ce qui renforce le narrative et peut attirer de nouveaux capitaux institutionnels et retail.
Le momentum haussier est puissant et pourrait se poursuivre tant que les flux restent positifs.
Le sentiment autour de HYPE n’a jamais été aussi fort.
Et toi, tu es comment par rapport à HYPE? Bullish? Bearish?
Une explosion alimentée par :
> L’accumulation massive de baleine
> Des flux records dans les ETFs spot HYPE
Ce qui implique que les marchés sont en train de reprice fortement le token HYPE, que les gros acteurs (baleines + ETFs) montrent une conviction très forte, ce qui renforce le narrative et peut attirer de nouveaux capitaux institutionnels et retail.
Le momentum haussier est puissant et pourrait se poursuivre tant que les flux restent positifs.
Le sentiment autour de HYPE n’a jamais été aussi fort.
Et toi, tu es comment par rapport à HYPE? Bullish? Bearish?
$BTC
Dire que le mouvement actuel du Bitcoin est un bull trap, c’est le comparer à ce qui s’est produit entre fin octobre et mi-janvier. Et honnêtement, les deux structures sont très différentes. 👀
À cette période-là, dès que l’élan haussier s’est essoufflé, les baisses se sont directement enchaînées en cascade. La première semaine baissière avait pratiquement effacé toute la hausse créée par l’ambiance bullish, puis les semaines suivantes ont envoyé le prix vers de nouveaux plus bas très rapidement.
Ce n’est pas du tout ce qu’on observe actuellement.
Le mouvement haussier actuel a démarré autour des $65K pour pousser Bitcoin jusqu’aux $83K. Pourtant, la première semaine de baisse n’a presque pas détruit la structure haussière. Le prix n’est même pas passé sous les $76K. 👀
Et maintenant, même durant cette deuxième semaine baissière - qui n’est pas encore clôturée - le marché continue de montrer une forte résistance à la baisse. La bougie weekly actuelle ne reflète pas une vraie accélération bearish massive. Au contraire, elle laisse encore beaucoup de place à une possible reprise haussière.
Aujourd’hui encore, la bougie journalière repasse dans le vert.
Un vrai bull trap donne généralement un énorme espoir haussier avant de replonger brutalement dans une continuation baissière agressive. Or actuellement, Bitcoin absorbe plutôt bien les mouvements baissiers au lieu de s’effondrer.
Donc personnellement, je ne pense toujours pas que le mouvement actuel soit un bull trap.
Dire que le mouvement actuel du Bitcoin est un bull trap, c’est le comparer à ce qui s’est produit entre fin octobre et mi-janvier. Et honnêtement, les deux structures sont très différentes. 👀
À cette période-là, dès que l’élan haussier s’est essoufflé, les baisses se sont directement enchaînées en cascade. La première semaine baissière avait pratiquement effacé toute la hausse créée par l’ambiance bullish, puis les semaines suivantes ont envoyé le prix vers de nouveaux plus bas très rapidement.
Ce n’est pas du tout ce qu’on observe actuellement.
Le mouvement haussier actuel a démarré autour des $65K pour pousser Bitcoin jusqu’aux $83K. Pourtant, la première semaine de baisse n’a presque pas détruit la structure haussière. Le prix n’est même pas passé sous les $76K. 👀
Et maintenant, même durant cette deuxième semaine baissière - qui n’est pas encore clôturée - le marché continue de montrer une forte résistance à la baisse. La bougie weekly actuelle ne reflète pas une vraie accélération bearish massive. Au contraire, elle laisse encore beaucoup de place à une possible reprise haussière.
Aujourd’hui encore, la bougie journalière repasse dans le vert.
Un vrai bull trap donne généralement un énorme espoir haussier avant de replonger brutalement dans une continuation baissière agressive. Or actuellement, Bitcoin absorbe plutôt bien les mouvements baissiers au lieu de s’effondrer.
Donc personnellement, je ne pense toujours pas que le mouvement actuel soit un bull trap.
Optimism or pessimism about an asset’s price action should never become fanaticism.
When you analyze a token or share an opinion on the market, your bullishness or bearishness should not come first. It should be the result of a logical process, not the starting point.
For example, if I say I’m optimistic about Bitcoin, it’s because of specific reasons, specific observations, specific thoughts about the evolution of the market structure.
But the moment you open the chart already convinced that price must go in one direction before even analyzing… close the chart and restart.
Because at that point, you’re no longer trying to analyze the market.
You’re just trying to defend an opinion you already decided to believe.
$BTC
When you analyze a token or share an opinion on the market, your bullishness or bearishness should not come first. It should be the result of a logical process, not the starting point.
For example, if I say I’m optimistic about Bitcoin, it’s because of specific reasons, specific observations, specific thoughts about the evolution of the market structure.
But the moment you open the chart already convinced that price must go in one direction before even analyzing… close the chart and restart.
Because at that point, you’re no longer trying to analyze the market.
You’re just trying to defend an opinion you already decided to believe.
$BTC
It’s funny sometimes reading opinions today that are still heavily attached to the way people invested during previous crypto cycles, especially from the older eras of the market. 👀
People need to understand that crypto is still a very young ecosystem. A lot of things are still being built, changing, evolving.
You can’t always compare it directly to stocks or commodities markets where theories have been tested for decades across multiple economic environments.
In crypto, many strategies and theories established from previous cycles are still based on limited historical data. And honestly, some of them are already reacting differently today.
Last cycle, for example, many investors said they barely even “felt” the bullrun on altcoins.
BTC made ATHs. Some major assets like BNB or SOL also performed strongly. But many theories people treated almost like absolute truths didn’t fully play out the same way.
Take the famous “liquidity rotation” theory during bullruns.
Did we really get a clean altseason like previous cycles? Not really.
Liquidity became extremely fragmented. Thousands of tokens launch every day. Memecoin attention rotates in minutes. Capital no longer flows the same way it used to years ago.
That’s why I think crypto investors need to stay flexible. 👀
If your entire strategy depends on theories that are not directly tied to actual market fundamentals, then you should always leave room for updates, adjustments, and new discoveries.
The market evolves.
The structure evolves.
The participants evolve.
And honestly, I still remain optimistic on Bitcoin. I’ve said it for weeks already: I still think we are at the beginning of a new bullrun.
The next ATH will eventually settle the debate.
$BTC $ETH $BNB
People need to understand that crypto is still a very young ecosystem. A lot of things are still being built, changing, evolving.
You can’t always compare it directly to stocks or commodities markets where theories have been tested for decades across multiple economic environments.
In crypto, many strategies and theories established from previous cycles are still based on limited historical data. And honestly, some of them are already reacting differently today.
Last cycle, for example, many investors said they barely even “felt” the bullrun on altcoins.
BTC made ATHs. Some major assets like BNB or SOL also performed strongly. But many theories people treated almost like absolute truths didn’t fully play out the same way.
Take the famous “liquidity rotation” theory during bullruns.
Did we really get a clean altseason like previous cycles? Not really.
Liquidity became extremely fragmented. Thousands of tokens launch every day. Memecoin attention rotates in minutes. Capital no longer flows the same way it used to years ago.
That’s why I think crypto investors need to stay flexible. 👀
If your entire strategy depends on theories that are not directly tied to actual market fundamentals, then you should always leave room for updates, adjustments, and new discoveries.
The market evolves.
The structure evolves.
The participants evolve.
And honestly, I still remain optimistic on Bitcoin. I’ve said it for weeks already: I still think we are at the beginning of a new bullrun.
The next ATH will eventually settle the debate.
$BTC $ETH $BNB
$BTC
Although many expected a very aggressive bullish acceleration after the breakout above the $75k neckline, it’s important to note that the setup has not been invalidated at all. On the contrary, price action continues to respect the core logic of the double bottom structure.
In classical technical analysis, when a double bottom confirms its neckline breakout, the first theoretical target is usually estimated using the depth of the pattern itself. And when you compare that with Bitcoin’s current structure, price has already respected - and even slightly exceeded - that projected move.
So the expectation of an explosive continuation mostly comes from optimism.
Because fundamentally, a double bottom mainly suggests two things:
> an impulsive move after the neckline breakout
> and a broader trend reversal structure
Meaning that after confirmation, the market is expected to progressively transition into a structure dominated by bullish momentum, while also not revisiting the two bottoms formed by the pattern. (Trend reversal)
And that still appears to be the case right now. 👀
From experience, the neckline of a confirmed double bottom often becomes a very strong support zone. And currently, Bitcoin price action seems to be reacting exactly like that around the $75K area, with downside momentum gradually exhausting near the neckline.
For now, I still think there’s a strong probability that BTC holds above the $73K zone before attempting another bullish acceleration.
Although many expected a very aggressive bullish acceleration after the breakout above the $75k neckline, it’s important to note that the setup has not been invalidated at all. On the contrary, price action continues to respect the core logic of the double bottom structure.
In classical technical analysis, when a double bottom confirms its neckline breakout, the first theoretical target is usually estimated using the depth of the pattern itself. And when you compare that with Bitcoin’s current structure, price has already respected - and even slightly exceeded - that projected move.
So the expectation of an explosive continuation mostly comes from optimism.
Because fundamentally, a double bottom mainly suggests two things:
> an impulsive move after the neckline breakout
> and a broader trend reversal structure
Meaning that after confirmation, the market is expected to progressively transition into a structure dominated by bullish momentum, while also not revisiting the two bottoms formed by the pattern. (Trend reversal)
And that still appears to be the case right now. 👀
From experience, the neckline of a confirmed double bottom often becomes a very strong support zone. And currently, Bitcoin price action seems to be reacting exactly like that around the $75K area, with downside momentum gradually exhausting near the neckline.
For now, I still think there’s a strong probability that BTC holds above the $73K zone before attempting another bullish acceleration.
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