$NEAR is showing a striking multi phase structure on the weekly chart. After the 2021–2022 expansion and deep reset, price built a long accumulation base before launching the next major cycle in 2024. The current structure resembles another compression phase rather than a confirmed macro breakdown.
The key level is the $3.0–$3.2 range low. Price has spent months consolidating around this zone, creating a clear mini cycle inside the larger macro structure. As long as this base holds, the market can continue developing the next expansion leg instead of invalidating the broader cycle.
The technical roadmap becomes interesting above $4.5–$5.0. A sustained breakout from this resistance area would shift momentum back toward the $7.0–$7.2 0.25 level, which acts as the first major macro trigger. Reclaiming it could open the path toward the $11.8–$12 mid range.
Beyond that, the chart projects a much larger continuation structure toward the $20–$21 range high. The critical sequence is simple: defend the base → reclaim $5 → break $7.2 → attack $12 → challenge the macro range high. NEAR is sitting at a potential transition point where the next breakout could determine whether this mini cycle evolves into a full macro continuation.
As previously explained on Sept 14th, BTC is heading for 86,000$ , after that expect anything.
The $85,000-$86,000 region is not just an ordinary resistance area drawn in technical analysis. On the contrary, it represents a significant cost zone where real investors, who have been in a losing position for months and are waiting for their investments to reach the break-even level again, are concentrated.
Also between $83,000 -$86,000 approximately 1.07 million BTC were purchased by long term investors.
The general view, the market will stay bullish, but if you are looking to book profit, i would suggest you do it in the range explained above.
As previously explained on Sept 14th, BTC is heading for 86,000$ , after that expect anything.
The $85,000-$86,000 region is not just an ordinary resistance area drawn in technical analysis. On the contrary, it represents a significant cost zone where real investors, who have been in a losing position for months and are waiting for their investments to reach the break-even level again, are concentrated.
Also between $83,000 -$86,000 approximately 1.07 million BTC were purchased by long term investors.
The general view, the market will stay bullish, but if you are looking to book profit, i would suggest you do it in the range explained above.
This is a map of every month gain/losses in bitcoin since the whole story started.
September is a month where bitcoin usually drops followed by october which most likely sees an increase in bitcoin value.
We're currently at a -1.6% loss since the start of the month, and a -13.5% loss since the start of the year, so bitcoin is recovering and still has room to breakeven and even grow.
So, After $NEAR was rejected from 2.722$ and then broke out of it, it's next rejection would be around the area of 3.087$ which includes a liquidity pool and a trend resistance line.
Near might make a new all time high this season if things doesn't go south.
So $NEAR Broke out of the bearish order block on the 1 Hour time frame like a piece of cake and it retested the bluff zone highlighted in the main post, 2.722$ is the new Stoppage.
Some of the key notes Fed chairman Kevin Warsh said yesterday was "The Fed can tame inflation without depressing growth."
To me this means that the next Fed interest decision won't change the rates, but it's too early to decide, we have to wait till Oct 2nd to see the unemployment rates and on Oct 14.
Historically, since 1988, The S&P 500 declines by an average of 4.0% over a period of six weeks following the first Fed rate hike of a cycle, but they tend to recover on the next five to six weeks on average.
So, the road is open for the markets to rise, but the question is, What is the limit?
Well, the next big news is coming Oct 2nd, when the unemployment rate will be announced, it gives a hint on the inflation, if the numbers are higher than expected then inflation is increasing.
The reason why we didn't see a drop, when we usually see a drop when FEDS raise Interest rates are because the markets had already priced in the 0.25% bps that the FEDS announced today, meaning tha investors made their precautions and were almost 90% sure the FEDS going to raise it, so it was no surprise to anyone.
To me, i could see the road is open for the market to bounce from here, as i previously said in the post i had pinned on my page couple weeks ago, the market will start bullish up till the first week of OCT, after that we will see how the market is doing, what the economic data is saying.
Even if Feds hike rates "Which i highly doubt it", Markets had already priced in that hike.
For the past 2 months, the news had always been talking about rate hike and that FEDS should hike, so everyone had made his precautions that there is a rate hike, so current prices in the market are taking into consideration the 0.25 Bps the Feds "might" increase.