BTCUSD, Binance Futures, 1W
This week, BTCUSD exhibited mixed price action, consolidating below key resistance at $106,654. A cup and handle pattern on the weekly timeframe suggests a continuation of the bullish trend, yet short-term indicators point to potential retracement before a breakout.
Key observations:
Resistance: $106,654 and $109,852.
Support: $96,000 and $88,527.
Pattern formations: Rising wedge, inverse head and shoulders, and potential double top formation.
Market sentiment remains cautiously optimistic, with traders watching for confirmation of trend continuation or breakdown from the current range.
🔍 Short-Term Forecast:
BTC is currently testing lower trendline support within a rising wedge structure. If it breaks below $96,000, a deeper pullback toward $88,527 is likely. However, reclaiming $100,000 with strong volume could trigger a breakout to new highs.
🔮 Long-Term Outlook:
The cup and handle pattern on the weekly chart suggests a bullish breakout toward $122,400, provided BTC maintains support above $96,000. A confirmed move above $109,852 would likely validate this target. Conversely, failure to hold current support levels may lead to a test of $73,000–$76,000 before further upside.
tradingview.com/chart/qCuBTLAm/
Key observations:
Resistance: $106,654 and $109,852.
Support: $96,000 and $88,527.
Pattern formations: Rising wedge, inverse head and shoulders, and potential double top formation.
Market sentiment remains cautiously optimistic, with traders watching for confirmation of trend continuation or breakdown from the current range.
🔍 Short-Term Forecast:
BTC is currently testing lower trendline support within a rising wedge structure. If it breaks below $96,000, a deeper pullback toward $88,527 is likely. However, reclaiming $100,000 with strong volume could trigger a breakout to new highs.
🔮 Long-Term Outlook:
The cup and handle pattern on the weekly chart suggests a bullish breakout toward $122,400, provided BTC maintains support above $96,000. A confirmed move above $109,852 would likely validate this target. Conversely, failure to hold current support levels may lead to a test of $73,000–$76,000 before further upside.
tradingview.com/chart/qCuBTLAm/
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.