The question on everyone’s mind is clear: is Bitcoin finally about to make a decisive move? We’ve seen a beautiful impulse from the bottom and appear to be in the midst of a serious turnaround. But is this the moment, or should we still be cautious? In my latest video, I walk through the charts step-by-step to show where the opportunities lie.
The Trend is Turning #
Let’s start on a positive note: on the higher timeframes, we’ve actually been in an uninterrupted uptrend since 2022. That structure hasn’t changed. What’s particularly interesting now is that we’re also seeing the trend turn on the lower timeframes (the 4-hour chart). We’re seeing a bottom, a top, a higher low, and now also a higher high.
This is a seriously interesting point. However, I’m not blindly enthusiastic yet; the current move is nice, but still a bit weak. I’d like to see these gains held more strongly.
Looking for the ‘Higher Low’ #
How am I personally handling this? Because the rise isn’t overwhelmingly convincing yet, I’m looking for a logical follow-up reaction: the formation of a higher low. I’d prefer to see the Bitcoin price linger above current levels a bit longer to find support.
There are two specific price levels I’m watching for an entry point (long):
- Around $91,000: If the price finds support here after a test, I’d be interested.
- Around $87,000: This is a deeper support zone that could also be a very valid trade scenario.
Bitcoin on its Way to a New Price Record? #
Looking upwards, there’s an important zone around the $95,000 level. A price breakout there would clear the path towards $99,000 to $100,000.
But the real fireworks begin above that. The crucial boundary lies at $106,000. If we manage to break that level? Then I’d venture to say that a new All-Time High is coming. That would be confirmation that we are definitively breaking through the trend we’ve been struggling with since the summer.
The Bearish Scenario: Room for Shorts #
However, we must also remain realistic. If we fail to break through in the coming hours and days and drop back below the current support zones? My view changes immediately. Losing these levels reopens the path downward and opens up interesting possibilities for shorts.
Ethereum Still Has to Prove Itself #
Finally, I also take a look at Ethereum in the video. The story is setting up, but ETH still needs to break through a specific ‘red box’ today. While Bitcoin has already made a higher high, Ethereum has not yet managed to do so. If that breakout happens? Then we’ll quickly be looking towards $3,500, where a lot of liquidity is waiting.
Curious about all the details, my exact entry zones, and how I manage these trades in detail? Then watch the full video below!