Comprehensive technical analysis of Bitcoin BTCUSD
.1 Overall structural trend
•
(Trend
• Monthly frame (1)
Overall trend is bullish.
. Clear break of historical resistance levels above
.$72,500
. We are currently above the Premium area we have surpassed
Mid-channel 50%.
Bitcoin is trying to maintain its closes above
85,700 for continuing the bullish wave towards
Higher targets.
. Weekly frame (1)
. Clear bullish structure.
. Higher highs and higher lows formed
.and Higher Lows
•
Price is currently at a sensitive level
94,000 - Previous resistance.
. Positive crossover for moving averages (20) above
.(MA50
. No serious divergence indicators yet
Now.
• Daily frame (10)
. The market completed (Break of Structure (BOS
Bullish.
. The last bullish wave was strong but slowed down
Recently.
. Price is within a narrow sideways correction between
.$95,000
$92,700
2. Internal structure (Fractal Structure)
. Four-hour frame (4)
Between $93,700 and Consolidation Range
$95,300.
Recording a small temporary negative CoCH with
Probability of a slight corrective drop.
•
Price now stabilizes above the average support line
.$93,700
. Two-hour frame (2)
• Presence of active bullish Order Block between
$92,895 and $92,679 (strong current support).
. The market respects local demand areas below
.$93,000
. The short-term structure is Neutral leaning bullish
Provided that $92,600 is not broken
3 Liquidity map
(Mapping
. Important liquidity zones
Above (Buy Side Liquidity)
•
. (Untested highs above $95,400
Below (Sell Side Liquidity
•
. (Temporary institutional support) $92,700
Open gap: FVG (Fair Value
.92,700 and 93,000 between
Main support between 92,679: Order Blocks
992,895$.
4. Timeframe
(Confluence
. Confluence of frames 2 - 4 - 1
• All pointing to potential bullishness in the long term
Short provided that support of $92,700 is not lost.
The currently dominating frame: 4 + 10.
.5 Technical confluence - Gann - Elliott
(Fibonacci
. Fibonacci:
. Price is currently trading around levels
61.8-50 Fibonacci extensions from the last
Bullish wave.
Correction at $92,679 Fibo 0.618
• Elliott Waves:
. (Strong demand areas
Potentially within wave 3 or the beginning of
Wave 5 in the larger monthly and weekly structure.
•
Angles of time
Price moves above the time angle 45 which
Supports the idea of continuous bullishness.
.6 Momentum and sentiment
―
(Climax – Anti-Climax
RSI:
• On larger frames RSI above 55
•
(Supports the bullish trend).
On 1 and 2 there is slight momentum slowdown
But it hasn't reached dangerous divergence yet.
•
MFI:
. Positive cash flows, ongoing support for buyers
As long as above 50.
OBV:
. The bullish trendline support has not been broken yet, which
Means that buying momentum is still alive.
•
Upcoming movement scenarios
Bullish scenario (Currently the main scenario) B
Staying above $92,700 - enhances the chances
Bullish.
. Upcoming targets
$95,300 (Weak High
$97,000 (Psychological resistance).
98,300 Fibonacci extension 0.618
For the next wave.
•
Alternative bearish scenario
Break of $92,700 with strong bearish momentum candles.
Drop towards
• $90,300 as first support.
• $88,500 main support (buyer's defense area
Potential)
Summary of Bitcoin BTCUSD analysis
• The bullish trend is still intact structurally and temporally.
Alternative bearish scenario
• Breaking $92,700 with strong bearish momentum candles.
. Drop towards:
• $90,300 as first support.
• $88,500 main support (buyer's defense area
Potential)
•
Summary of Bitcoin BTCUSD analysis
. The bullish trend is still intact structurally and temporally.
Liquidity concentrated above $95,000.
• Main support $92,679 dominates
Short term.
• Breaking $95,300 will be a sign of strength
Additional and may open the door towards $98,000 and what
Above.
• Breaking $92,700 may lead to a drop
Deeper correction towards $90,000
$SOL FIS BMT NKN BONK PEPE FET SHIB
