🔴 Warning: A possible “crash” incoming?! The key factor will be revealed at the end of this post
Bitcoin Market Update – 09/01/2025 👇
On the monthly timeframe, Bitcoin has surged ~647% from the wave bottom in January 2023 up to now. The long-term trend is still bullish. This current bull wave looks healthy, with strong upswings followed by short-term corrections.
However, here’s the factor I want to warn you about:
1️⃣ The Bitcoin monthly candle closed red this morning, almost engulfing the previous one, and more importantly, it just made a liquidity sweep at the top. History (see orange-marked zones) shows that whenever the monthly candle sweeps the high, a correction usually follows—sometimes small, sometimes very deep.
⚠️ Especially note October 2021: after Bitcoin swept the high, it went on to lose 70% of its value, dragging the whole market into a downtrend.
2️⃣ Looking at the current conditions: if the MACD on the monthly timeframe makes just one bearish cross, a downtrend could begin immediately.
Of course, timing, liquidity flow, and macro cycles all differ. Personally, I remain extremely bullish on the market long term. Corrections are necessary to set up the next massive wave.
No one can predict the future with certainty. But we can prepare defensive strategies for the worst-case scenarios.
🌱 Wishing everyone a green and refreshing new week ✅
Short-term trading strategies will be updated later today.
👉 Stay tuned everyone!
Bitcoin Market Update – 09/01/2025 👇
On the monthly timeframe, Bitcoin has surged ~647% from the wave bottom in January 2023 up to now. The long-term trend is still bullish. This current bull wave looks healthy, with strong upswings followed by short-term corrections.
However, here’s the factor I want to warn you about:
1️⃣ The Bitcoin monthly candle closed red this morning, almost engulfing the previous one, and more importantly, it just made a liquidity sweep at the top. History (see orange-marked zones) shows that whenever the monthly candle sweeps the high, a correction usually follows—sometimes small, sometimes very deep.
⚠️ Especially note October 2021: after Bitcoin swept the high, it went on to lose 70% of its value, dragging the whole market into a downtrend.
2️⃣ Looking at the current conditions: if the MACD on the monthly timeframe makes just one bearish cross, a downtrend could begin immediately.
Of course, timing, liquidity flow, and macro cycles all differ. Personally, I remain extremely bullish on the market long term. Corrections are necessary to set up the next massive wave.
No one can predict the future with certainty. But we can prepare defensive strategies for the worst-case scenarios.
🌱 Wishing everyone a green and refreshing new week ✅
Short-term trading strategies will be updated later today.
👉 Stay tuned everyone!
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.
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.