btc/usd

Good morning, Despite overall euphoria around dollar weakness and CPI slowdown - BTC just can't join this celebration, which makes us reasonable to keep our previous scenario aiming on deeper retracement to 28.5-29K area:

Good morning, BTC very weak reaction on CPI numbers, so we do not see any reasons to cancel our scenario with deeper retracement to 28.5K area by far:

Good morning, BTC was not able to proceed higher, forming few bearish patterns around the top, which makes deeper downside retracement possible, somewhere to 27.5-28.5K area. Meantime, as price still stands inside the range, today we consider action to the bottom of the range on 4H chart:

Good morning, BTC was not able to continue major tendency as market stands indecision as euphoria around BlackRock's ETF is fading. At best case we expect sideways consolidation for some time.

Good morning, BTC mood now is based purely on BlackRock and Fidelity ETF files. Until hope for its approvement is alive, BTC keeps positive sentiment. Now it is preparing for upside continuation, but be aware of files refusal by the SEC.

Good morning, Now, when BTC has turned again to extension mode, we need to control two things. First is recent rally from 23K should not be erased. Second - let's watch for 28.3-28.8 area for long entry signals:

Good morning, Fundamental background has changed drastically. Market has bullish context but now is at overbought. We're watching for tactical pullback to 28-28.5K support area to consider long entry. Our mid term upside target is 36-38K

Good morning, BTC keeps short term upside context valid, so, another extension up, somewhere to 27K resistance seems possible. We consider 25.7-26K support area for potential long entry:

Good morning, BTC starts feeling all burden of non-interest bearish asset and completes our first bearish target. Now we consider tactic pullback 25.3K (hardly to 25.6K) resistance area and downside continuation to 24K next target:

Good morning, We've warned about regulation challenge three months ago in Feb fundamental report and now we're getting only first fruits of it. Short-term bullish setup of last week predictably failed and now we're watching for the sequence of downside targets - 24.8-25K, 24-24.2K and 23.4K

Good morning, BTC has short-term bullish picture, with potential target of 28-28.5K area, but legislative risks are too high as SEC hardly will step back:

Good morning, It is not surprisingly that BTC shows weakness. We will be watching for the same 26.5K vital support area. If market could stay above it, it keeps upside chances. Downside breakout will lead BTC lower, to ~24K area, and this is our preferable scenario, due fundamental environment.

Good morning, We're pleased to share with you our New Fundamental BTC Report On technical side, BTC stands at the vital point for the bulls. It has to stay above it to keep bullish context valid. Otherwise, we could get action to 23K next target and support area:

Good morning, BTC emotional upside reaction is understandable. Market probably will try to reach 29K nearest upside target. But could we say that this is real bullish reversal, when major discussion of debt ceil project is still ahead? And what will happen when Treasury starts grabbing all...

Good morning, At first glance, BTC price is stabilizing around 26.3K daily target, and it is big temptation to bet on upside reversal. But fundamental background, weak daily performance and intraday downside acceleration suggests that we could easily get extension to 25.3K level:

Good morning, BTC is appearing to be even weaker than we suggested last time. Few bearish patterns on daily chart suggests that action to 25.3K next downside target might start soon.

Good morning, Based on BTC price shape, we suggest that it is not the reversal but pullback in a longer-term bearish tendency. Potentially it might be over around 28.5K resistance, once upside AB-CD will be done. We keep 23.5-24K daily target area valid by far:

Good morning, BTC accurately has completed first target of daily H&S pattern around 25.7K area. Despite any temptation to start buying BTC, we think that we do not have yet enough bullish context for position taking, even not speaking about fundamental background. So, let's be patient...

Good morning, BTC accurately goes with our daily H&S pattern. Price now stands at the neckline and we will be watching for the process of breakout. Downside target remains the same - 25-26K:

Good morning, BTC is keep going with our H&S daily setup and we do not see any problems with it by far. Pattern has the target around 26K area: