Recently monitoring BTC's trend, the hourly chart is still oscillating within that wedge pattern. The current lows are gradually rising, but it hasn't broken through the previous highs, indicating no clear short-term direction yet. As long as the retest doesn't break the wedge bottom, new lows won't appear, and the downward trend cannot continue.



For friends looking to bottom fish, I suggest doing this: wait for BTC to break above the 95742 level of the wedge, preferably retest to confirm, then go long. This will increase certainty.

Looking upward, the previous high on the left (High 1 and High 2) and the new high on the right are both worth paying attention to. When reaching the levels of High 1 and High 2, reduce positions accordingly, and keep some core holdings to push for higher new highs. If the wedge breaks down, stop loss immediately.

After the hourly chart breaks through and stabilizes above 95742, the target range is 97078 to 97888. But as always—if 95742 isn't broken, all targets above are meaningless.

On the 4-hour chart, if it breaks below 94500, there are support levels at 93035 and 92042.

On the daily chart, BTC is still moving within a flag pattern, with the bottom support at 89199. As long as the daily chart doesn't break below this, the bullish trend remains. Be patient and wait for it to break upward out of the flag. The longer it consolidates within the flag, the higher the probability of an upward breakout.

There is also a critical point now— a potential head and shoulders top pattern has appeared on the 4-hour chart, though it hasn't fully formed yet. The right shoulder is roughly near the upper boundary of the 4-hour box at around 94492. Do not break below this level; once the right shoulder is broken, the head and shoulders top will be truly formed. At that point, BTC could revisit around 89000.

The only way to break the deadlock is if the 4-hour chart breaks the previous high and makes a new high, even if only by 1 dollar. This would invalidate the potential head and shoulders top.

The current situation is indeed very risky—it's a step to heaven, a step to hell, depending on how BTC chooses. If the head and shoulders top pattern is confirmed, the price around 89000 could be a good point for left-side long entries, but always use half your position, not all in. Key level: if the daily chart breaks below 89000, stop loss immediately.

Finally, remember to pay attention to volume changes; combining volume and price action will give a clearer picture.
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PumpStrategistvip
· 9h ago
Head and shoulders top—once confirmed, 89000 is a good left-side entry point, but only with half a position. Going all in is a typical retail mentality. --- If the key level at 95742 is not broken, all the targets above are illusions. Don’t deceive yourself. --- Volume is the key to this wave of market movement. I really admire your courage to go all-in just by looking at the candlestick chart. --- The longer the flag pattern consolidates, the higher the probability? That sounds comfortable, but the distribution of chips shows institutions are testing the bottom. Don’t be fooled by appearances. --- One step to heaven, one step to hell—indeed exciting. But I still recommend checking the 4-hour volume for signs of heat before making a decision. --- Support levels at 89199 and 89000—if they really fall, that’s an interesting point. But the risk hasn’t been fully released yet. --- This analysis has some substance, but the market sentiment indicator shows it’s a bit overheated. Be careful of chasing highs, or you might get trapped.
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MetaverseLandlordvip
· 9h ago
The head and shoulders top has really formed. If you bought at the 89,000 bottom, you wouldn't lose money, but I'm a coward and even half a position makes me scared...
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SerumSurfervip
· 9h ago
Wow, is the 95742 hurdle really that crucial? It feels like I'm constantly going back and forth over it every day.
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ruggedNotShruggedvip
· 9h ago
The head and shoulders pattern is really intimidating. We must hold the 89,000 level, or else something serious might happen.
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HalfIsEmptyvip
· 9h ago
95742 can't be broken, everything else is nonsense. Now it's just a matter of betting on the direction.
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HodlTheDoorvip
· 9h ago
If the head and shoulders pattern really forms, 89,000 will definitely go down. However, at that time, it would be a tough job to buy the dip with half a position.
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