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ProjectSyndicate

GOLD H1 Update: Expect correction 2900/2950 USD

🏆 Gold Market Update (April 3rd, 2025)📊 Technical Outlook Update▪️5 wave impulse completed▪️Expect correction now▪️Tariffs already priced in▪️Profit taking in progress now▪️Price Target BEARS 2900/2950 USD▪️Strategy: SHORT SELL rips/rallied▪️target is 2900/2950 USD📢 Gold Market Update – April 2025📈 Gold Hits All-Time High!🚀 Price spiked to $3,167.84/oz after Trump announced sweeping tariffs (10–34%) on global imports.🌎 Investors rushed to safe-haven assets amid rising trade war fears.📉 Volatility Followed💸 Sharp pullback after the surge as markets reacted to global uncertainty.🔁 Analysts expect more swings as tensions evolve.🏦 Central Banks Buying More Gold🛡️ A move to protect against currency risks & inflation fears.

EURUSD Under Pressure! SELL!

My dear subscribers,This is my opinion on the EUR/USD next move:The instrument tests an important psychological level 1.1092Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.Target - 1.0900My Stop Loss - 1.1202About Used Indicators:On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.———————————WISH YOU ALL LUCK

Gold is still in an uptrend. The price is currently near the support zone of 3083-3070. If the price cannot break through the 3070 level, in the short term, it is expected that the price will rebound.

GBP_USD SHORT SIGNAL|

✅GBP_USD went up sharplyAnd has hit a strong wide long-term Horizontal resistance levelAround 1.3031 so we can enterA local short trade with the TPOf 1.2950 and the SL of 1.3055SHORT🔥✅Like and subscribe to never miss a new idea!✅  Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

#GBPJPY: +250 Pips From Last Idea Expecting A Strong Bulls!

The GBPJPY currency pair experienced a decline to the 190 area, which represents a discounted price range. Subsequently, the price reversed positively by approximately 250 pips. Our market analysis remains unchanged, and we anticipate that the price will continue to exert dominance.It is possible that the price may experience a correction or a downward movement, as we anticipate the release of strong economic data this week. This data is likely to influence the future trajectory of the currency pair.We encourage you to like and comment for further insights. Your support has been invaluable throughout our journey, and we sincerely hope that you achieve success in your own market endeavours. Team Setupsfx_ ❤️🚀

#XAUUSD: Last Sell Idea Dropped +300 Pips, Bias Changed?

XAUs price behaviour has deviated from previous analysis, which had anticipated a +300 pips increase. However, we now anticipate the price to continue its upward trend, potentially reaching another record high. Our next target price range is estimated to be between 3170$ and 3200$.We extend our best wishes for your successful trading endeavours. To enhance your trading outcomes, we strongly recommend employing accurate risk management techniques.Team Setupsfx_ 🚀❤️

HelenP. I Gold will correct to trend line and continue to rise

Hi folks today I'm prepared for you Gold analytics. Earlier, the price was moving inside a consolidation range between 2955 and 2880 points. It tested the support zone multiple times, specifically the area between 2865 and 2880, before making a strong bullish reversal. After bouncing from Support 2 at the 2880 level, Gold began a confident upward movement. It broke through the resistance zone and exited the consolidation pattern, forming a clear uptrend and respecting the trend line throughout the rise. As the price climbed, it reached Support 1 at the 3055 level and paused briefly, consolidating near the support zone between 3055 and 3070. This zone held well, acting as a base for further growth. From there, the price made another upward impulse, reaching the 3125 area before pulling back slightly for a local correction. Currently, Gold is trading above the trend line and remains within a bullish structure. The recent reaction from the support zone confirms buyer strength and interest in higher levels. Given the previous impulse, the trend line support, and price action above key zones, I expect XAUUSD to continue rising toward the 3180 points, my current goal. If you like my analytics you may support me with your like/comment ❤️

ArmanShabanTrading

XAU/USD: First Long,Then SHORT! (READ THE CAPTION)

13 minutes agoBy examining the gold chart on the 15-minute timeframe, we can see that the price is currently trading around $3122, and I expect the price to soon reach higher levels such as $3128, $3133, $3135, and $3143, and after reaching each of these important levels, we will probably see an initial negative reaction!Ultimately, I expect a strong rejection from the price once gold reaches $3144!The level of this analysis is very high, so make sure to study it carefully!Don’t forget to support this analysis!Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !Best Regards , Arman Shaban2 minutes agoNoteThink you can guess where Gold will close by the end of the week? 😎 comment your prediction!

ProjectSyndicate

+400 pips EURUSD swing trade setup V-shape recovery BUY LOW

🏆 EURUSD Market Update📊 Technical Outlook🔸Short-term: BEARS 0680🔸Mid-term: BULLS 1180🔸Status: pullback in progress🔸0660/0680 normal pullback🔸BULLS still maintain control🔸Price Target Bears: 0660/0680🔸Price Target BULLS: 1160/1180📊 Forex Market Highlights – April 2nd, 2025🚨 Traders await Trump’s “Liberation Day” tariffreveal at 20:00 GMT – markets holding breathas global trade tensions escalate.💷 GBP/USD Sluggish Above 1.2900📉 Cable struggles to gain upside as USDsafe-haven demand kicks in pre-announcement.🇪🇺 EUR/USD Pressured Below 1.0800🔽 Euro weakens amid risk aversion and strongdollar flows — key support at 1.0760 in focus.🥇 Gold Shines Bright🚀 Hits ATH above $3,100 amid rising risk-offmood & global uncertainty. Safe haven demand surging.🔔 Stay sharp — volatility ahead.

#XAUUSD: Another Big Bullish Move in Making!

Mar 17Price has created another record high which suggest the possible further growth in market, although, 3000$ remained a key level. There are two areas where price can reverse from, first one is current trading price or bigger correction towards 2950. 8 minutes agoTrade closed: target reachedRisk Entry tuned out to be a profitable one for most of us! 1032+ Pips, as we had stated in our chart that price is likely to hit 3100$ and stated that as our target.

GBPUSD: 700+ Pips Swing Buy! Get ready for big move

Mar 5Dear Traders,GBPUSD our first few ideas are up and running in profit of 700+ pips, we are expecting bullish move to continue dominating the market. Now we think price is likely to remain bullish for next few weeks, while wee may also notice some correction in the market.Want to support us?-Please like and comment our ideas which will encourage us to post more educative posts like this. ;)Thank you12 minutes agoTrade active300+ Pips From where we anticipate price to move from if used smaller timeframe during the entry, this has been excellent.

GBPJPY: Change in price behaviour, we may see possible upside!

Mar 5Dear Traders,hope you are doing well, we have an excellent buying opportunity on gbpjpy where we can see price going up around 197 region where we can price see strong sell presence. Good luck and trade safe! 16 minutes agoTrade closed: target reached616+ Pips Target Reached Successfully.

XAUUSD: Flashing a strong sell signal.

Gold is highly overbought on its 1D technical outlook (RSI = 75.258, MACD = 52.020, ADX = 63.587) and today is having its first strongly bearish 4H candle. This is because the price hit the top of March's Channel Up and got rejected. The HH should now give way to a bearish wave for a HL on the 4H MA50. This is a validated sell opportunity to go for yet another -1.80% decline and target the bottom of the pattern (TP = 3,093).## If you like our free content follow our profile to get more daily ideas. #### Comments and likes are greatly appreciated. ##

#XAUSUD: Small Time Bearish Correction With Three Take Profit!

After reaching a record high of $3,150, the XAUUSD currency pair has experienced a decline. Analysis conducted over the past few hours has led us to anticipate that the price may experience minor corrections within a short time frame.Upon analysing the data and price movements, we have identified three distinct zones or targets that could serve as potential price levels for the XAUUSD pair.For further insights into chart analysis, please consider liking and commenting on our content. We appreciate your continuous support.Sincerely,Team Setupsfx_

USDJPY Set To Grow! BUY!

My dear followers,This is my opinion on the USDJPY next move:The asset is approaching an important pivot point 149.16Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.Goal - 150.13About Used Indicators:For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.———————————WISH YOU ALL LUCK

EURUSD Massive Long! BUY!

My dear friends,Please, find my technical outlook for EURUSD below:The instrument tests an important psychological level 1.0795Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.Target - 1.0810About Used Indicators:Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.———————————WISH YOU ALL LUCK

ProjectSyndicate

GOLD Market Update: Pullback in Progress BUY DIPS TP 3200 USD

🏆 Gold Market Update (April 1st, 2025)📊 Technical Outlook Update▪️Bullish OUTLOOK▪️Broke out and set new ATH▪️Strong UPTREND: Sequence of Higher Lows▪️Recommend to BUY DIPS at $3,050 USD▪️Price Target BULLS: $3,150 USD - $3,200 USD📈 Market Performance & Price Action🚀 Gold Hits All-Time High: Surpassed $3,100 per ounce📊 Driven by: Geopolitical tensions and economic uncertainty🏦 Federal Reserve Impact🛑 Fed Keeps Interest Rates Steady: Maintained at 4.25%–4.50%🔮 Signals: 2 rate cuts likely in 2025 due to slowing growth📉 Lower rate outlook supports bullish gold sentiment💹 Gold Investment Trends📈 Gold ETFs Outperform Physical GoldGDX (Gold Miners ETF): ↑ 32%GLD (SPDR Gold Shares): ↑ 15.5%📊 Investors leaning toward mining stocks & ETF exposure for higher returns

Gold – Key Buying Zone at 3,090 for a Target of 3,157

Why is $3,090 a Great Buying Area?Support within the Channel – The price has been respecting the lower boundary of the channel, and 3,090 aligns with this trend structure.Volume Profile Confirmation – Visible volume accumulation around this level suggests it has strong support. Buyers previously stepped in here, making it a logical point for re-entry.Trend Continuation Setup – The overall bullish structure remains intact, making pullbacks like 3,090 a low-risk buying area for continuation toward the target of 3,157.Why Not Short Here?The trend is clearly bullish, and there are no reversal signals.Even if a pullback occurs, it should be seen as an opportunity to buy rather than an indication to short.The price is approaching the upper boundary of the channel, but until clear bearish signals appear, betting against the trend is risky.ConclusionA pullback to 3,090 should be considered a buying opportunity for a move toward 3,157. As long as the price remains within the channel, the primary focus should be on buying dips rather than looking for short entries.

BTCUSD: 1D Death Cross can push it to $150k by August.

Bitcoin turned bearish again on its 1D technical outlook (RSI = 43.071, MACD = -1375.000, ADX = 26.965) showcasing the high volatility that yesterday's tariffs announcement inflicted. 1W remains marginally neutral though (RSI = 45.519), highlighting the long term buy opportunity the current levels present.The market is about to form the first 1D Death Cross, which occurs when the 1D MA50 crosses under the 1D MA200, since August 9th 2024. Even though that's technically a bearish formation, it has worked only as a bottom market during the current Bull Cycle. Both the Aug 9th 2024 and September 11th 2023 1D Death Crosses were formed exactly when BTC bottomed. In symmetric fashion the first two were formed 150 days after the previous high and rose by at least +96.86% by the 1.786 Time Fibonacci extension. Also both bottoms held the 0.382 Fibonacci retracement level.This time the 1D Death Cross will be formed approximately 109 days after the previous high, which means that this phase is more aggressive than the others and may equally be more aggresive on the bullish wave too. Still, if it 'just' repeats the previous ones, we estimate to reach $150,000 by this August.## If you like our free content follow our profile to get more daily ideas. #### Comments and likes are greatly appreciated. ##

HelenP. I Bitcoin can rebound up from support zone to trend line

Hi folks today I'm prepared for you Bitcoin analytics. Some time ago, BTC showed a strong downward move that brought the price into the support zone between 82200 and 80900 points. This area acted as a major demand zone, and after several retests, the price formed a solid base. From this support, BTC made a sharp bullish impulse, breaking through local resistance and heading toward the descending trend line. Eventually, the price reached the key resistance zone and tested the trend line, but failed to break through it. After that, BTC started to decline again and returned to the support zone around the 82200 level, where it is currently consolidating. At the moment, the price is trading near the lower boundary of the support zone. The strong reaction from this zone in the past and the overall price structure suggest that bulls are still active. Given the previous impulse move, the bounce from the support, and the clear target structure, I expect BTCUSDT to rise from the current level toward my goal at 87500 points. If you like my analytics you may support me with your like/comment ❤️

BTCUSD: We are nowhere near the top.

Bitcoin has turned neutral again on its 1D technical outlook (RSI = 52.405, MACD = -937.300, ADX = 31.574) and should turn bullish once it crosses above its 1D MA50, which is now a 2 month Resistance. This simple illustration of cyclical tops and bottoms shows that the market is nowhere near a top and we will not consider selling until we enter October (2025).## If you like our free content follow our profile to get more daily ideas. #### Comments and likes are greatly appreciated. ##

BTCUSD: Bollinger squeeze paving the way for $160k.

Bitcoin remains marginally neutral on its 1W technical outlook (RSI = 46.017, MACD = 2013.300, ADX = 45.410) and started last week a Bollinger Bands squeeze process. This squeeze has been present inside the 2.5 year Channel Up every time after it bottomed. Only July-August 2024 made a slightly lower low because the squeeze process turned out to be longer. Even in the event, what follows all Bollinger squeezes is an expansion rally, especially after a 1W STOCH RSI Bullish Cross and the pattern shows that by this September, we can reach $160,000.## If you like our free content follow our profile to get more daily ideas. #### Comments and likes are greatly appreciated. ##

HelenP. I Bitcoin will break support level and continue to fall

Hi folks today I'm prepared for you Bitcoin analytics. Previously, Bitcoin was moving inside a triangle pattern, consistently reacting to the resistance zone between 88500 and 89300 points. Each time the price approached this level, sellers stepped in strongly, pushing the price back down. After multiple unsuccessful attempts to break this resistance, BTC ultimately lost bullish momentum, resulting in a decisive breakdown below the trend line. This breakout confirmed that sellers were taking control of the market. Following this bearish impulse, the price rapidly declined, eventually reaching the key support level at 81500, which coincided with the strong support zone between 81500 and 80800 points. At the moment, Bitcoin is trading near this support zone, showing a weak reaction and limited bullish interest, signaling continued bearish pressure. Considering the recent price action, the clear bearish breakout from the triangle, and the weak response at the current support, I expect that BTCUSDT will continue to decline and break the support level. That's why I set my goal at 79000 points. If you like my analytics you may support me with your like/comment ❤️

btc towards $85.3k

Hello guys!As you can see, btc is on the bottom line of the channel, and the MPL level could work like a magnet, and the price will try to touch it!you can enter the long here.

BTCUSD: Such consolidations end up very well for Bitcoin.

Bitcoin just turned bearish again on its 1D technical outlook (RSI = 44.578, MACD = -918.200, ADX = 29.021) and with 1W still neutral, we are again on strong long term buy levels. Today's chart is yet another illustration of the market dynamics and the similarities with the previous Cycle. The market is well on its way towards the 1.618 Fibonacci extension target, which now translates to $175,000. Unless the 1W MA50 support breaks, BTC is a buy opportunity on every pullback.## If you like our free content follow our profile to get more daily ideas. #### Comments and likes are greatly appreciated. ##

ArmanShabanTrading

BTC/USD: More Fall Ahead? (READ THE CAPTION)

By analyzing the Bitcoin chart on the weekly timeframe, we can see that the price is currently trading around $83,000. This week alone, BTC has dropped by 6%, showing signs of bearish momentum. A correction toward the $70,000 zone seems likely in the near future. Key supply zones are located at $93,400 and $99,700, while key demand zones are at $80,800 and $73,700. This analysis will be updated accordingly.Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !Best Regards , Arman Shaban

BTC Confirmed a Clear Bearish Movement

BTC Confirmed a Clear Bearish MovementYesterday, Bitcoin (BTC) shifted from a bullish outlook to a bearish one. In my previous analysis, I mentioned this change was possible, as BTC was bullish but lacked strong momentum. However, instead of showing signs of upward movement, BTC moved straight down.Today, BTC has clearly broken through key levels, increasing the likelihood of a further downward trend. Based on the chart, BTC is expected to continue its decline and may find strong support around 81,600, 79,000, and 74,000.You may find more details in the chart!Thank you and Good Luck!❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️

BTCUSD: What if it's just a Channel Up to $175k?

Bitcoin remains neutral on its 1D technical outlook (RSI = 51.175, MACD = -714.800, ADX = 31.665) as it is stuck between the 1D MA50 and 1D MA200 but it's the wider timeframes that are particularly critical right now and more specifically the 1W, which is causing the current rebound on the 1W MA50. We can argue that the pattern since the Dec 2017 Top is a Channel Up, even though the last Bear Cycle bottom didn't make exact contact with its bottom.We can equally however assume that the new Cycle High won't make direct contact with the Channel's Top either. And that's also backed up technically by the Fibonacci levels of the previous Cycle, which saw BTC making a Top just over the 1.618 Fib extension. Consequently we can assume the new Top to hit at least $175,000 (Fib 1.618 currently). The bullish wave is also a direct Channel Up since the November 2022 bottom after all. Even on the previous Cycle, if we exclude the COVID crash price distortion, the bullish wave was a Channel Up as well.## If you like our free content follow our profile to get more daily ideas. #### Comments and likes are greatly appreciated. ##

HelenP. I Bitcoin may grow to trend line and then drop to $82200

Hi folks today I'm prepared for you Bitcoin analytics. Looking at the chart, we can observe how Bitcoin made a strong upward impulse, reaching the trend line and breaking through the resistance level that aligned with the resistance zone. After that move, the price began to decline within a wedge pattern and soon dropped below the same resistance level, effectively breaking it again. BTC then attempted to recover, climbing back up, but the growth was short-lived — the price failed to hold and fell toward the support level, eventually breaking below it and even dipping under the resistance once more. Following this drop, Bitcoin reversed and gained momentum. Shortly after, it broke through the 82200 level, successfully retested it, and continued moving higher. Later on, the price reached the trend line again — a level that also acted as resistance — but failed to break above and started pulling back from that area. At this point, I anticipate that BTCUSDT may retest the trend line once more before making a move downward toward the support level, potentially breaking out of the wedge pattern. For now, my goal is the 82200 support level. If you like my analytics you may support me with your like/comment ❤️

Bitcoin is gradually rising within its channel.

Bitcoin is gradually rising within its channel.The trading volume remains low, so there's still a risk of a bearish move. However, Bitcoin is in a bullish trend for now, and that trend hasn't been broken yet.If the volume picks up, BTC could climb to 90,430, then 94,410, and possibly even extend to 98,500.Note: Be cautious—if the price falls below the channel, it could quickly start a bearish trend. The current market conditions also suggest this is a possibility.You may find more details in the chart!Thank you and Good Luck!❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️

BTCUSD: Can $160k be a very 'pessimistic' target estimate?

Bitcoin is neutral on its 1W technical outlook (RSI = 50.359, MACD = 2868.500, ADX = 51.194) and having rebounded almost on its 1W MA50, there couldn't be a better buy opportunity for the rest of the year. Basically the price is now ranged inside the 1W MA50 and top trendline of the Pi Cycle, while the 1W CCI hit the -100.00 oversold limit. This has been the most efficient buy entry in August 2024 August 2023 even on the Cycle before in June 2021.Even if the market doesn't make an 'excessive top' above the Channel Up, like the last two Cycles, hitting $160,000 would still be under the top of the Channel Up and the top of the Pi Cycle. No matter how high this target seems now, it will still be a pessimistic, 'bad case' scenario.## If you like our free content follow our profile to get more daily ideas. #### Comments and likes are greatly appreciated. ##

Bitcoin Price Analysis: Potential Correction Ahead?

hello guys The Bitcoin/USDT chart shows an ascending channel with recent price action forming a divergence at the top, indicating potential weakening momentum. A bearish breakout from a smaller triangle suggests a short-term correction. The price may test the ascending trendline around $85,400, where a key support zone exists. If this level fails, a deeper correction toward the major support area around $76,800 could follow. However, if Bitcoin holds above the trendline, the uptrend could resume.Traders should watch price action around the $85,400 level for confirmation of further downside or a potential bounce.

HelenP. I Bitcoin can little grow and then drop to support level

2 days agoHi folks today I'm prepared for you Bitcoin analytics. Some time ago price started to decline and when it fell to 93500 points, it rebounded up to the trend line. Then BTC started to fall inside the wedge, where it soon broke the 91200 level and then in a short time declined to the support zone. After which it turned around and rose to the trend line, which is the support line of the wedge as well. Then Bitcoin fell to the support level again, breaking the resistance level again, but later it tried to back up and failed. Price dropped to the support zone and even a little lower, after which it turned around and in a short time rose to the trend line, breaking the support level one more time. A few moments ago price exited from the wedge and some time traded near the trend line. After this, it started to grow, so, in my opinion, I expect that BTCUSDT will almost rise to the resistance level and then it drop to the 81200 support level, which is my goal. If you like my analytics you may support me with your like/comment ❤️yesterdayTrade activeGreat! Price started to decline. For this case, I expect that it will continue to fall next.14 minutes agoTrade closed manuallyBitcoin continued to grow, so, I close this trade.

HelenP. I Bitcoin will break trend line and continue to decline

Hi folks today I'm prepared for you Bitcoin analytics. A few moments ago price rebounded from the resistance zone, which coincided with the resistance level, and made a strong impulse down to the support level, which coincided with the support zone. After this, the price rebounded and some time traded near the support level, after which turned around and dropped to the trend line, thereby breaking the 59000 level. Then price bounced from the trend line and rose to the support zone, but at once rebounded and fell back to the trend line. Next, BTC some time traded between this line and later broke the 59000 level one more time and made a retest. Then Bitcoin continued to grow and in a short time rose to the trend line, broke it, and rose until to the resistance level. But a not long time ago price turned around and started to decline from the 66000 resistance level. So, for this case, I expect that BTCUSDT will reach the trend line, break it, and make a retest. After this movement, BTC can continue to decline, therefore I set my goal at 61000 points. If you like my analytics you may support me with your like/comment ❤️

This Bitcoin (BTC) chart against the US Dollar (Tether, USDT) on the 2-hour time frame provides a rich set of data for a technical analysis perspective: Ichimoku Cloud: Price is currently below the Ichimoku Cloud, which typically suggests a bearish trend. The cloud acts as a dynamic resistance area. Resistance Levels (R1, R2, R3): The chart shows multiple resistance levels. The closest one, R1, is significantly above the current price, indicating that there might be a strong move required for the price to reach these levels again. Support Levels (S1, S2): There are also two support levels identified. S1 is a short distance below the current price, indicating a potential area where the price might find support if it continues to decline. RSI (Relative Strength Index): The RSI is hovering around 45, which is somewhat neutral. It indicates there's neither a strong buying nor selling pressure currently driving the market. MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, and the histogram bars are red and growing, which points to increasing bearish momentum. Volume: The bars below the price chart depict trading volume, and a mix of red and green suggests a battle between buyers and sellers with no clear winner at the moment. Conclusion: The market sentiment for BTC/USDT, based on this chart, seems to be leaning toward the bearish side, as indicated by the price being below the Ichimoku Cloud and the MACD showing a bearish crossover. The RSI's neutral stance suggests that there could be potential for either direction, but current indicators lean more towards a bearish trend. If considering trading based on this chart, it might be prudent to watch for potential bounces off the support levels for buying opportunities or breaks below support as a signal for potential short positions. The resistance levels serve as targets for any bullish reversals or as potential exit points for short positions. However, a trader should use additional confirmation from other indicators, news, or market sentiments before making any trading decisions. Always remember to set appropriate risk management measures like stop losses, especially in the volatile cryptocurrency market.

BTCUSD: A healthy correction. $250000 isn't at all unrealistic.

Bitcoin remains overbought on the 1W timeframe (RSI = 81.582, MACD = 8133.500, ADX = 73.810) despite the recent pullback. On a Cycle basis, this has been nothing but a healthy correction, typical of Bitcoin when it crosses over its ATH. Being overbought on the 1W RSI has been a very bullish attribute during the parabolic rallies of the Bull Cycles and there is no reason to expect anything different this time around. Last time BTC rose from the prior ATH to the new by +256%. A repeat of that gives as 250,000 target. Ahead of the upcoming Halving in April where the supply is again cut in half, such a target doesn't seem unrealistic now, if the ETF demand stays unchanged. It rose almost +90% since the ETF approval, why shouldn't it accelerate by double if BTC's supply is cut in half? Stay focused and stay bullish. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##