Bitcoin (BTCUSD)

BTC nicely following my arrow direction...

Attached Image (click to enlarge)

It was nice move for BTC 101500..

my goal 131k

My short term target 103500 achieved ..

BTCUSD Market Analysis & Trade Outlook (Post $103,500 Target) - May 9th 2025

Instrument: BTCUSD
Strategy Type: Probabilistic Breakout with Elliott & Gann Confluence
Current Price: $102,600
Trade Horizon: 2–5 Days
Timeframes Observed: 4H / Daily



Market Overview
BTCUSD has successfully completed the prior trend continuation target of $103,500, respecting the bullish structure on 4H and Daily timeframes.
https://www.tradingview.com/chart/BT...-May-4th-2025/

As of now, price is consolidating just below key resistance, printing a high of $103,800 and retracing slightly to $102,600. This signals a potential decision zone where BTC may either continue its advance or initiate a deeper pullback.

I define short-term key boundaries between:

Upside: $106,200 – $108,400

Downside: $96,850 – $95,700

Technical Structure & Key Zones
Support Zone: $ 97870 , $96,850–$95,700 (Previous consolidation + high volume node)

Resistance Zone: $106,200–$108,400 (Measured move & fib cluster area)

Structure Bias: Bullish above $99,000; bearish pressure increases below $96,850

Elliott Wave Count (Short-Term, 4H)
BTC appears to be in a Wave (3) of a higher-degree Wave 3, following a Wave (2) retracement toward $94,500.

Current price movement is within a sub-wave 3 of (3), with the recent high at $103,800 potentially marking a sub-wave 3 top.

A brief corrective Wave 4 could develop toward $100,500–$99,000, before a final Wave 5 drives price into the $106,200–$108,400 zone.

If price fails to hold above $96,850, the structure may morph into a larger corrective Wave (4), targeting the lower boundary.

Gann Analysis
The Gann 1/1 angle from the March swing low is currently intersecting near $102,500–$103,000, offering resistance.

Next key Gann levels:

Above: $106,200 (120°) and $108,400 (135°) resistance arcs

Below: $96,850 and $95,700 align with 45° and 60° support angles

Timewise, entering a minor Gann cycle window on May 10–11, often associated with inflection points. Watch for breakout or reversal signals near this period.

Trade Scenario Outlook

Bullish Scenario (Breakout)
Trigger: 4H close above $104,000

Target Zones:

TP1: $106,200

TP2: $108,400

Invalidation: 4H close below $99,000 (consider tightening SL)

Bearish Scenario (Pullback)
Trigger: Break below $99,000, especially on strong volume

Target Zones:

TP1: $97870 or $96,850

TP2: $95,700

Invalidation: Close above $104,000 invalidates pullback thesis

Strategic Trade Notes
Scalping & Swinging Options:

Consider range scalps within $102,000–$99,000, but prepare for trend breakout.

Swing traders may build positions on retracement (Wave 4) with invalidation below $97870, $96,850.

Risk Management:

Use volatility-adjusted stop losses under key Gann levels or 50EMA on 4H.

Consider tightening stops or taking partials near $106,200 to protect gains if price extends.

Conclusion
BTCUSD remains in a bullish macro structure but approaches a key inflection zone. A break and hold above $104,000 could launch the next impulsive leg toward $108,400. Conversely, failure to hold above $99,000 opens the door for a deeper retracement to $ 97870, $96,850–$95,700. Traders should remain flexible, aligning with the prevailing momentum while respecting structural boundaries.

Interesting week for Bitcoin. Maybe setting a pace for a New ATH.

Hit weekly ATR of 103/104k. Next, Monthly ATR? 108/109k (Prv. ATH)?

Previous MOM bar gives me more assurance. Thus Momentum very strong.

PO for Cup & Handle (125k/126k) still in view.

Bullish Scenario (Breakout)
Trigger: 4H close above $104,000

Target Zones:

TP1: $106,200

TP2: $108,400

Invalidation: 4H close below $99,000 (consider tightening SL)

Bitcoin is currently trading at $103,991, consolidating near its recent highs after a strong bullish rally from around the $96,000–$97,000 range. Price action shows a clear vertical breakout followed by a tight sideways movement, forming what looks like a bullish flag or continuation pattern.

This consolidation around the $103,000–$104,500 range suggests that bulls are holding control, and a breakout above $105,000 could lead to a potential move toward $107,000–$108,000, which is the next psychological and technical resistance area.

The RSI (14) is at 60.67, trending slightly downward from a previous high near the overbought level. While momentum is still positive, it's cooling off, which could lead to either a short consolidation or a mild pullback before continuation. As long as price holds above the $102,000 support level, the bullish bias remains intact.

Bitcoin finally breaking back towards ATH, expect a slight pullback here to ~$98k, i will be opening new positions to ride the wave back to $110k+.


Reminds me of how we were trading at this point last year, fighting resistance at ATH levels and begging for a breakout.

Get ready for my BTC Upper boundaries

BTC poised for a new ATH this week?

D1 bullish pennant.

Finally

hi evryone my smart target 170 k $ to btc remember this

BTC on the news again for ATH!

Breech.

The HODL continues. Let the new price discovery begin

Reminder that we are still early. $150k by EOY. $1mm by 2030