View $BTC is just for fun
Already stl = entry.
This is a personal opinion and not investment advice.
All buy/sell decisions are not the responsibility of God of Wealth Crypto.
ThanTaiCrypto
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Quick update on Bitcoin
Bitcoin is ~ 101k8xx (down ~3% in the last 24 hours)
• Currently in a correction phase after the rise since the end of May.
📊 Technical Analysis
D1 Frame
• Trend: Currently in a short-term down wave.
• Near support:
• 100k: Psychological & technical threshold
• ~98k: Previous technical bottom from April
• Near resistance:
• 105-106.500 Old distribution zone
• ~112k: Peak at the end of May
W Frame
• Last week's candle: Large red candle, no clear reversal signal yet.
• Technical structure: In the accumulation phase after a strong rise.
If this week's candle closes above 103k, it may create a slight reversal setup for next week.
M Frame
• May: Closed with a red candle, unable to hold the 110k area as expected.
• June: Starting with selling pressure, but it is too early to conclude.
• Monthly scenarios:
• Increase: If it holds 100k and breaks 112k
• Decrease: If it breaks 98k, it will go back to 93k – 95k (there is still a GAP in the 90-91kxxx area)
News affecting BTC:
Positive: Trump Media proposes ETF, Circle IPO reinforces market confidence
• Negative: ETF capital inflow is slow, FED keeps interest rates high
Positive scenario:
• If it maintains the 100k mark → BTC could recover to 105-107k next week.
• If there is good news from the FED (may “pivot” sooner than expected), the price could rise to 115-120k
Negative scenario:
• If it loses the 98k mark → Will test back to 93k – 95k.
• Negative news from ETF, stablecoin, or US regulation could cause the market to drop significantly.
✅ Summary
• The market is undergoing a healthy correction after a hot rally.
• The 100k area is BTC's “death zone” at the moment.
• Prioritize defensive strategies, patiently observe price behavior in the 98k–100k area before buying back.
Crypto God of Wealth
Bitcoin is ~ 101k8xx (down ~3% in the last 24 hours)
• Currently in a correction phase after the rise since the end of May.
📊 Technical Analysis
D1 Frame
• Trend: Currently in a short-term down wave.
• Near support:
• 100k: Psychological & technical threshold
• ~98k: Previous technical bottom from April
• Near resistance:
• 105-106.500 Old distribution zone
• ~112k: Peak at the end of May
W Frame
• Last week's candle: Large red candle, no clear reversal signal yet.
• Technical structure: In the accumulation phase after a strong rise.
If this week's candle closes above 103k, it may create a slight reversal setup for next week.
M Frame
• May: Closed with a red candle, unable to hold the 110k area as expected.
• June: Starting with selling pressure, but it is too early to conclude.
• Monthly scenarios:
• Increase: If it holds 100k and breaks 112k
• Decrease: If it breaks 98k, it will go back to 93k – 95k (there is still a GAP in the 90-91kxxx area)
News affecting BTC:
Positive: Trump Media proposes ETF, Circle IPO reinforces market confidence
• Negative: ETF capital inflow is slow, FED keeps interest rates high
Positive scenario:
• If it maintains the 100k mark → BTC could recover to 105-107k next week.
• If there is good news from the FED (may “pivot” sooner than expected), the price could rise to 115-120k
Negative scenario:
• If it loses the 98k mark → Will test back to 93k – 95k.
• Negative news from ETF, stablecoin, or US regulation could cause the market to drop significantly.
✅ Summary
• The market is undergoing a healthy correction after a hot rally.
• The 100k area is BTC's “death zone” at the moment.
• Prioritize defensive strategies, patiently observe price behavior in the 98k–100k area before buying back.
Crypto God of Wealth
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
89,624.2
+1.59%
