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Bitcoin in China: Estimates put China national Bitcoin holdings at approximately 194,000 $BTC This refers to estimated national holdings, not individual investors. 📊
Those with a risk-taking mindset might consider a short entry at 119.26 with a tight 1% margin, provided the 119.59 level holds. Alternatively, a breakout at 118.59 would confirm a major or definitive short position.
If the price breaks above the 119.59 level, conservative traders could consider entering new long positions. Mark my words—SOL is set for a sharp decline; the market is currently controlled by major players, and the trend is our best friend.
#BTC $BTC has been stuck in the same area for 11 days and 20 hours now. Despite several attempts to move higher, price still hasn’t shown a clear direction. The longer this range continues, the more important the eventual breakout becomes.
One thought keeps crossing my mind, did BTC actually intend to break out of the range, or did it merely lure in breakout buyers before reversing course? BTC had risen nearly 5% since the start of the month. At the time, the move looked quite convincing. Breaking above the range highs, an influx of buyers, building momentum—it all suggested that a breakout might finally be on the cards. But then came that sudden, aggressive sell-off. And that’s where things get interesting. Many who went long upon seeing the breakout likely assumed that holding above the range highs would trigger a continuation. But the market didn't play out that way. The price slipped back below the range highs, putting the positions of those who entered late under pressure. A failed breakout isn't just about chart patterns; psychology plays a major role, too. One group of traders goes long on the breakout. If the price subsequently falls back below that breakout level, the very same area shifts from being support to a zone of pressure. Some hold their positions, some exit at their stop-loss, and others panic and bail out early. So, my focus has shifted elsewhere now. $85K. If BTC closes below this level, it would be more logical to view this entire attempt as a failed breakout. That brings the old range back into the picture—and with the range comes the focus on the range lows. This is where I want to exercise some patience. Because, rather than going long in the middle of the range, I find the prospect of a deviation below the lows more compelling. Specifically, if BTC sweeps liquidity below the $80K–$82K zone and then reclaims it, I’ll look for a swing long setup. However, I’m not married to this idea. If bearish momentum truly breaks the $80K–$82K zone and buyers fail to show a meaningful response, I see no reason to force a long position. In that scenario, I’ll shift my focus lower, to the $77K–$75K area. Interestingly, while everyone usually looks for confirmation during a breakout, the real opportunity sometimes emerges only after a breakout fails. It is not yet clear if that is exactly what BTC is doing right now. It might just hover within the range again, or perhaps sweep the lows before moving back up. Alternatively, the bearish move could go a bit deeper this time. That is why, for me, reacting to the market is more important than making predictions right now. I am closely watching three things: how the price closes below $85K, how buyers behave in the $80K–$82K zone, and whether BTC can quickly reclaim the level if it drops below the range lows. After all, when the market convinces everyone to look in one direction, it is worth pausing to consider: are we truly witnessing a trend, or are we just seeing a play for liquidity? $BTC #BitcoinParesGainsAfterRallyTo$86.5K
SEC says more crypto regulatory proposals are coming.
This could be an important development for the market. New proposals may bring more clarity around how crypto assets and related platforms are regulated in the U.S.
TLM is finally pushing above the descending trendline on the 4H chart. The breakout is looking interesting, but I’d still want to see some confirmation and acceptance above the level. If momentum holds, the next area on the chart comes near $0.0045.
$RECALL GIVE ME GOLD CANDLE SPOT BUY 🟢 TARGET : 0.06+ 🟢🚀
$RECALL is holding the $0.045–$0.048 zone nicely, and price is now pushing around the upper side of the range. If buyers can keep this structure intact, I’m watching the move toward $0.060 first, with the chart showing a bigger upside area around $0.068. Still watching how price reacts here.
One thing that caught my eye is that Citigroup has once again raised its 12-month price target for Bitcoin. They have increased the figure from the previous $82,000 to $113,000. The target for Ethereum has also been raised to $3,028.
What I find interesting is that they are attributing this shift to factors like institutional demand, fund inflows into Bitcoin ETFs, and the recovery of the crypto market. However, it is important to keep in mind that the $113,000 figure is not a guaranteed outcome; it is simply Citigroup's current market estimate.
In short, while the target has indeed been raised, the ultimate question remains: how will the market actually perform?
Yes, Republicans in the US Senate have indeed introduced a new crypto tax bill, dubbed the ADAPT Act. Senator Steve Daines introduced it.
The bill calls for several major changes — such as tax breaks for purchases made with stablecoins, tax breaks for network fees under $10, and clear tax rules for mining and staking income. But it’s worth remembering that this is just a proposed bill. It would need to pass both the Senate and the House and be signed by the president to become law.
$AVAX 🟢🟢 AVAX is starting to look pretty interesting on the higher timeframe.
What caught my attention is that the bearish structure has already been invalidated, and price has also managed to reclaim an important resistance level. We broke above the highs of this roughly 4-month accumulation range, came back to retest that area, and now price is bouncing from it.
So for me, the next thing to watch is pretty simple: can AVAX actually hold above the grey zone and build acceptance there?
If that happens, I think the structure opens the door for a move toward $14.8. Still, I’d rather see that confirmation first than get ahead of the move.
#BTC 👇👇👇 Something about BTC’s Q3 performance caught my attention.
It’s reportedly shaping up to be the second-strongest Q3 in Bitcoin’s history. The last time we saw a Q3 this strong was back in 2017, and what happened afterward is obviously hard to ignore. Q4 went on to deliver a massive rally. But I don’t want to treat history like a guarantee. Markets love to rhyme, but they don’t always repeat.
Still, Q4 has historically been one of Bitcoin’s stronger quarters, and with this kind of Q3 behind us, I’m definitely watching closely to see whether the seasonal pattern shows up again.
BTC is trading inside a falling wedge, and honestly, this setup is getting interesting. The bullish case is pretty simple: if price breaks above the wedge and then successfully retests the breakout zone, that could open the door for a much stronger move higher.