Ualifi Araújo
--
Bullish
Analysis $BTC 08/05/2025
#BTC , truly extraordinary... a good performance after some very turbulent weeks, anyway I think we are going too fast, and a pullback here is necessary to adjust the indicators.
I believe we still need to go back to $98K to have some certainty about the movement above it, so some movement similar to what I drew in yellow line on the chart should be formed so that we have a good continuation and put us in a position to break $105K.
Most must be thinking that it was better to go up just above $105k, but I don't think that's the best, since this stretched movement didn't work out last time and we fell quickly afterward, anyway, I believe our focus should be on the price action at $105K, with or without retesting that region of $98K which is now illustrated by the gray band and no longer blue, especially because I think that now some type of support is forming there, even not seeing YET large holders going there, it should happen soon.
What facilitated the price moving above $101,500 was precisely the large liquidations, but keeping the prices so high (the way it has risen) will require a lot of strength from BUYERS in sight and it seems to me that the PERPs are leading from here, we need to improve that.
Overall, we broke $98K before the weekend as I expected and we don't need much here, just to cool off a bit above $98,500 to attack $105K.
IF YOU ARE NOT IN, DO NOT TRY TO BOARD A MOVING TRAIN, WAIT FOR IT TO STOP AND BOARD, DO NOT FALL INTO FOMO, THIS WAS JUST A SMALL RISE BEFORE THE BIG ONE TO COME, STAY SANE!
The same thought:
"...we will probably establish the new support level, which we will use to attack $98K and then $105K.
In my opinion, the market bottom was last month and there is no more time to go there again (MY THOUGHT)."
$105k
I am extremely optimistic about Altcoins!
#BTC , truly extraordinary... a good performance after some very turbulent weeks, anyway I think we are going too fast, and a pullback here is necessary to adjust the indicators.
I believe we still need to go back to $98K to have some certainty about the movement above it, so some movement similar to what I drew in yellow line on the chart should be formed so that we have a good continuation and put us in a position to break $105K.
Most must be thinking that it was better to go up just above $105k, but I don't think that's the best, since this stretched movement didn't work out last time and we fell quickly afterward, anyway, I believe our focus should be on the price action at $105K, with or without retesting that region of $98K which is now illustrated by the gray band and no longer blue, especially because I think that now some type of support is forming there, even not seeing YET large holders going there, it should happen soon.
What facilitated the price moving above $101,500 was precisely the large liquidations, but keeping the prices so high (the way it has risen) will require a lot of strength from BUYERS in sight and it seems to me that the PERPs are leading from here, we need to improve that.
Overall, we broke $98K before the weekend as I expected and we don't need much here, just to cool off a bit above $98,500 to attack $105K.
IF YOU ARE NOT IN, DO NOT TRY TO BOARD A MOVING TRAIN, WAIT FOR IT TO STOP AND BOARD, DO NOT FALL INTO FOMO, THIS WAS JUST A SMALL RISE BEFORE THE BIG ONE TO COME, STAY SANE!
The same thought:
"...we will probably establish the new support level, which we will use to attack $98K and then $105K.
In my opinion, the market bottom was last month and there is no more time to go there again (MY THOUGHT)."
$105k
I am extremely optimistic about Altcoins!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
103,906.82
+1.09%