The BTC breakout setup I shared 3 hours ago played out perfectly, hitting our target smoothly as expected. Congratulations to everyone who followed the setup!
$BTC
CryptoTimely
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🚨 BTC at a Critical Turning Point! Big Move Ahead?
Keep your eyes on BTC and follow the marked levels.
BTC is currently moving in a neutral, narrow range.
A 15-minute candle close above 78,870 could open the way towards 81,000, while a close below 77,920 could lead to a dip towards 76,600.
For now, BTC needs to break out of this range to establish its next short-term direction. Stay patient and watch these levels closely.
Not Financial Advice #USMidterms-WhatAreMarketsExpecting?
Look at the BTC weekly chart. Historically, BTC has respected retests after breaking important weekly levels.
Currently, BTC has pulled back from weekly resistance around $80,600, and the weekly chart shows a strongly bearish bias.
The next major support is around $59,600, where buyers may step in. However, I expect a possible deeper test of $48,900 to trap sellers before a potential market reversal.
After that, we could see a new bull market, with potentially continuing its rise toward $100,000.
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Bitcoin is showing short-term weakness while the bigger trend remains bullish. BTC is trading around $80,101, with $80,333 as the key level to watch on the upside and $79,945 on the downside.
A confirmed 15-minute close above $80,333 could signal further upside toward $80,648, while a close below $79,945 could open the door to more downside.
For now, BTC remains between two important levels, and the next move will depend on which level breaks first. NFA $BTC