Btw his TA looks good but I hope for the inverse Capo.
My guess is 64.8k before a potential bigger reversal.

So far, so good.
DiD 1 - Capo 0

We had this push towards 64.8k region with some heavy volume at the top.
Now BTC is fighting hard to sustain above 62.5k. We must stay above this level to remain a bullish structure

Support hasn‘t held. My bias is another leg down next

SPX is eating on the ATH. If we break, BTC has bottomed.

New ATH on SPX. Dont be bearish on BTC

moon soon

not good

i hope this is a bear trap

TA wise, bad breakdown.
As long as SPX keeps grinding up, I resist to get bearish on a mid-term time frame

Nice volume here on this bloodbath.
Volume = high chance for bottom

So far so good

We reached the previous breakdown level. Which acts as resistance. Go up here and the sell off was a bear trap.

If you ask me, manipulation that failed.

✅
Last resistance and we go 64.8k again

Strange PA ngl. U can clearly see this isn‘t normal

A daily close above 62.158 would be bullish as we completely ate this past 2 days dump. 🤝

SPX continues to print new ATHs.
We even punctured this resistance trendline. Stay above this trend and expect continued bullish momentum for BTC and alts.
BTW, I moved my green circle now. New SPX target is 6200-6400 from the current viewpoint (if we stay above this resistance/ that just flipped as support)

Clean charts are sometimes a good thing for higher time frames. Here you go:

Massive bull flag on the $BTC weekly. Held important 48k support so far.

With SPX latest PA, we are ligning up for a massive bullrun if you ask me.*

*as long as SPX stays in an uptrend and the world economy doesn‘t crash.

I‘d say target hit. We might retrace again but I wouldn‘t say lower than 62k.

Btw, Capo calling for lower. I am calling for higher. Finally the sheep are shorting their remaining bags again. This is what we need to break new ATHs.

$BTC - HTF view

Bitcoin has been in a descending channel since March 2024, and it's currently sitting below a major resistance zone ($63k-$65k). As mentioned before, this bounce still looks like a DCB, and there's strong potential supply coming into the market soon, along with the escalating Middle East conflict.

The main support is around $48k-50k, which would match with $1.8k-2k for ETH. This could present a great buying opportunity for the entire market.

Enjoy the rest of your weekend!