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Bitcoin Breaks Heavy Resistance Zone— But Can It Hold?

Bitcoin( $BTC USDT ) started to rise yesterday as the S&P 500 Index(SPX500) opened and it seems like it can break the Heavy Resistance zone($95,950-$88,500) this time, but there are still concerns from a technical analysis, so please stay tuned for this analysis.

Bitcoin is moving near the Resistance zone($100,200-$97,700) and has broken through the Heavy Resistance zone($95,950-$88,500) with good momentum.

In terms of Elliott wave theory, it seems that Bitcoin has completed microwave 3 near the Resistance zone($100,200-$97,700) and we should wait for the completion of microwave 4. The microwave 4 can be considered a pullback to the Heavy Resistance zone($95,950-$88,500).

I expect Bitcoin to drop to at least $96,000 and is likely to touch the Support zone($95,760-$95,200) and start rising again, since microwave 3 was with high momentum, it is possible that microwave 5 will even be truncated. The targets I have indicated on the chart can be the target of a long position.

If you are looking for a Bitcoin reversal, you can focus on the Time Reversal Zone(TRZ). The next major pivot will likely be within this time zone.

It seems reasonable to open a Long position near the Support zone($95,760-$95,200), and it can give us a good Risk-To-Reward. What do you think?
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My concerns for Bitcoin's continued bullish trend:

Because Bitcoin's correlation with US stock market indices, especially the SPX500, is higher than in previous weeks, my analysis is that there is a re-correction in the SPX500 index, which could prevent Bitcoin from continuing its upward trend.

The Ascending Broadening Wedge pattern is likely to complete, which could cause Bitcoin to fall further if the lower lines of this pattern are broken.

If tensions between Pakistan and India increase, it could prevent Bitcoin from growing further.
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Also, Today, the Federal Funds Rate is scheduled to be announced.

Let’s take a look at how this decision — along with Powell’s speech — might impact Bitcoin. Be cautious with your positions during the announcement and Powell’s remarks, as markets may become volatile.

Holding the rate steady is a signal of monetary policy stability, which could give risk assets like Bitcoin some breathing room in the short term.

Given recent U.S. economic data, markets are mainly focused on Powell’s tone during the press conference. If he adopts a dovish stance (hinting at potential rate cuts), this could support Bitcoin’s upward momentum.

However, if Powell emphasizes that rates will remain elevated for an extended period, we might see a temporary wave of selling pressure in the market.

Stay alert and manage your risk wisely — high-impact events like this can lead to sharp moves in crypto.
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Cumulative Short Liquidation Leverage: $98,511-$97,774

Cumulative Long Liquidation Leverage: $95,966-$95,550

Note: If Bitcoin falls below $94,400, we can expect further declines.

Please respect each other's ideas and express them politely if you agree or disagree.

Bitcoin Analyze ( $BTC /USDT), 2-hour time frame.

Be sure to follow the updated ideas.

Do not forget to put a Stop loss for your positions (For every position you want to open).

#MyFirstSquarePost #PizzaDay #TrumpTariffe #Trumptarifs

The latest viral topic surrounding Binance involves a significant $2 billion investment deal with a UAE-backed firm, MGX, facilitated through a stablecoin launched by Donald Trump's family. This development has sparked widespread discussion in the crypto community.(New York Post)

🇦🇪 Trump-Linked Stablecoin Powers $2B Binance Investment

At the TOKEN2049 conference in Dubai, it was announced that MGX, an investment firm backed by the UAE government, plans to acquire a $2 billion minority stake in Binance. This investment will be made using USD1, a stablecoin introduced by World Liberty Financial, a crypto company co-founded by members of the Trump family. The stablecoin is pegged to the U.S. dollar and backed by U.S. Treasuries and cash equivalents .(New York Post, WIRED, Reuters)

This arrangement has raised ethical concerns, especially given Binance's previous legal issues in the U.S. and the Trump family's significant involvement in the crypto firm facilitating the deal .(WIRED)

🚀 Trending Meme Coins on Binance

Binance has recently listed several meme coins that have garnered significant attention:(BeInCrypto)

Neiro (NEIRO): Inspired by the late Dogecoin mascot, Kabosu, Neiro aims to continue the legacy of dog-themed cryptocurrencies. Its listing on Binance led to a substantial price increase, highlighting the so-called "Binance effect" .(KEYRING PRO, CoinMarketCap)

Turbo (TURBO): Billed as the first AI-created meme coin, Turbo was developed using ChatGPT with a modest budget. Its unique origin story has attracted a dedicated community and significant trading activity .(KEYRING PRO)

Baby Doge Coin (BABYDOGE): A spin-off of Dogecoin, Baby Doge focuses on animal welfare initiatives. The community recently burned over 40 trillion tokens to reduce supply, which has positively impacted its price and popularity .(CoinMarketCap, Crypto Charcha)

Additionally, Simon’s Cat (CAT) experienced a 65% price surge following Binance's launch of perpetual contracts for the token, demonstrating the platform's influence on meme coin valuations .(CryptoPotato)

📈 Market Snapshot

As of now, the prices of major cryptocurrencies are:

Stock market information for BNB (BNB)

BNB is a crypto in the CRYPTO market.

The price is 597.27 USD currently with a change of -1.29 USD (-0.00%) from the previous close.

The intraday high is 599.69 USD and the intraday low is 593.48 USD.

Stock market information for Bitcoin (BTC)

Bitcoin is a crypto in the CRYPTO market.

The price is 94324.0 USD currently with a change of 121.00 USD (0.00%) from the previous close.

The intraday high is 95118.0 USD and the intraday low is 93587.0 USD.

Stock market information for Ethereum (ETH)

Ethereum is a crypto in the CRYPTO market.

The price is 1765.16 USD currently with a change of -43.50 USD (-0.02%) from the previous close.

The intraday high is 1828.22 USD and the intraday low is 1757.58 USD.

These figures indicate a mixed market, with Bitcoin showing a slight increase, while Ethereum and BNB have experienced minor declines.

For investors and enthusiasts in Khulna and beyond, these developments underscore the dynamic nature of the cryptocurrency market. Staying informed about such trends is crucial for making educated investment decisions.

New York Post

Reuters

WSJ