🚀📈 Bitcoin Rally Gains Steam with Strong Support in Place 💪🧠
Hello Traders,
After a period of geopolitical tension and heavy volatility, the charts are finally giving us a breath of calm. 🕊️ BTC/USD on the 15-minute chart has formed a solid base of support between 106,153 and 105,962. This area has now held up well and is acting as a launchpad for potential upside continuation.
🔍 Technically speaking, we’re observing:
Price holding above the 0.5 Fib retracement
A short-term breakout structure forming higher highs
Key interim resistance at 109,801
Long-term resistance to watch at 113,800 and the crucial macro test at 114,598
With Bitcoin dominance sitting at 65%, it's clear: this is Bitcoin’s moment. Altcoins are lagging, and BTC is leading the charge.
⚖️ The broader narrative is also shifting. The Fed's dovish tone adds to market stability, and in times of peace, Bitcoin thrives. But the key level to monitor remains 109K. A breakout above that sets us up for a major move.
Let's keep an eye on this structure. A failure to hold the 105K zone would shift the outlook, but for now, all systems are GO 🚦.
🕊️ Remember, in both trading and life—hate divides, love unites. Choose to be part of the solution.
One Love,
The FXPROFESSOR 💙
Disclosure: I am happy to be part of the Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Awesome broker, where the trader really comes first! 🌟🤝📈
Hello Traders,
After a period of geopolitical tension and heavy volatility, the charts are finally giving us a breath of calm. 🕊️ BTC/USD on the 15-minute chart has formed a solid base of support between 106,153 and 105,962. This area has now held up well and is acting as a launchpad for potential upside continuation.
🔍 Technically speaking, we’re observing:
Price holding above the 0.5 Fib retracement
A short-term breakout structure forming higher highs
Key interim resistance at 109,801
Long-term resistance to watch at 113,800 and the crucial macro test at 114,598
With Bitcoin dominance sitting at 65%, it's clear: this is Bitcoin’s moment. Altcoins are lagging, and BTC is leading the charge.
⚖️ The broader narrative is also shifting. The Fed's dovish tone adds to market stability, and in times of peace, Bitcoin thrives. But the key level to monitor remains 109K. A breakout above that sets us up for a major move.
Let's keep an eye on this structure. A failure to hold the 105K zone would shift the outlook, but for now, all systems are GO 🚦.
🕊️ Remember, in both trading and life—hate divides, love unites. Choose to be part of the solution.
One Love,
The FXPROFESSOR 💙
Disclosure: I am happy to be part of the Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Awesome broker, where the trader really comes first! 🌟🤝📈
📣 Telegram: t.me/fxprofessor88
🌍 Subscribe via web at fxprofessor.com
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.