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Bitcoin is currently trading around $74,700. After a rejection, it is again trying to break the resistance zone of the ascending triangle. So the possible scenarios are: If the price pumps and breaks out of the triangle successfully, then we may see bullish momentum in Bitcoin. Otherwise, if it rejects from here again, then we may see bearish momentum in it, and it can go towards the lower support trendline. Keep an eye on it and stay tuned with us for further updates.
👉 All MAs are above current price → Strong bearish alignment → Resistance cluster around 99–100
📉 Indicators
MACD • Negative histogram • Lines below zero → Momentum still bearish, no clear reversal yet
RSI (6/12/24) • Around 35–40 → Near oversold zone, but not extreme → Possible short-term bounce, not confirmed trend reversal
🔑 Key Levels
Support: • 97.0 – 96.1 (recent bounce zone) • Break → next drop likely toward 93–94
Resistance: • 99.0 – 100.0 (MA cluster) • Strong rejection zone
🧠 Trade Scenarios
📉 Bearish Bias (Primary) • As long as price stays below 100 • Expect: • Weak bounces • Continuation toward 96 → 94
📈 Bullish Flip (Only if) • Strong breakout + hold above 100 • Then possible move toward 102–104
⚠️ What I’d Watch • If RSI forms divergence → short bounce opportunity • Volume is low → moves can be choppy/fakeouts • Rejection at MA(25/99) = good short confirmation
💡 Simple Strategy Idea • Scalp long: Only near 96–97 support with tight stop • Short entries: Around 99–100 resistance
If you want, I can map a precise entry, SL, and TP setup based on your risk (scalp vs swing).
Bitcoin is now trading around $74,600. It is currently moving inside an ascending triangle on the daily timeframe. The possible scenarios are: if the price pumps from here and breaks above the triangle, then we may see bullish momentum. Otherwise, if it rejects from the resistance, we may see bearish momentum in Bitcoin, and it may go towards the lower support trendline. Keep an eye on it and stay tuned with us for further updates.✔️
🔥 Bullish Signals • MA alignment (7 > 25 > 99) → strong trend continuation • Price holding above MA7 & MA25 → buyers still in control • Series of higher highs + higher lows • Volume looks strong (based on momentum candles)
👉 This is a classic momentum breakout phase
⚠️ Warning Signs (Important) • Price already hit 0.01825 resistance and got rejected • You’re seeing long upper wicks → sellers stepping in • Distance from MA25 is large → overextended • After +30–40% moves, pullbacks are normal
🔥 Market Structure • Clear parabolic uptrend from ~0.033 → 0.095 • Strong bullish momentum, but now entering exhaustion phase • Latest candles show rejection near 0.095 → early sign of cooling
#SOL is now trading around $83.60. It has already been rejected many times from a resistance trendline and is now forming a cup and handle pattern. So the possible scenarios are: if the price pumps from here and breaks above the resistance trendline, then we may see bullish momentum. Otherwise, if the price rejects from here, then we may see bearish momentum. Keep an eye on it and stay tuned with us for further updates.