It's great chances for long pips

I have got two target profit options for shorting BTC provided the current supply zone continues to hold well into NY session. TP1 in 116k and TP2 in 112k which is in a strong demand zone. Confirm your entries using lower timeframes candlesticks and whatever other confirmations you use.

After testing the lower boundary of the ascending channel, Bitcoin quickly rebounded upward, aligning perfectly with the technical outlook mentioned two days ago. From a 4-hour perspective, the recent pullback was a normal retracement following the breakout of a key resistance level, with diminishing trading volume indicating limited selling pressure. The bullish trend remains intact, and the current trading strategy should still focus on buying the dips, particularly near the lower trendline support zone, while staggered entries based on candlestick reversal signals. If the price consolidates above the mid-channel line, it may further unlock upside potential.

Accumulation (Blue Box): Market makers building long positions after sweeping prior liquidity. Price ranges sideways with multiple CHoCH (Change of Character) signals. Manipulation (Red Box): Stop-hunt below the range (Strong Low taken) to trigger sell orders and fill big buy orders. Distribution (Green Box): Price breaks structure to the upside, heading toward the weak high (liquidity target) before possible redistribution. Imbalance (Blue Zone): Gaps left by aggressive buying; could be retested before continuation. Current View: Price is in the markup phase after manipulation, aiming for 122K–124K weak high liquidity. If filled, distribution could start, leading to a retrace toward 116K before the next leg up. 🎯 Short-Term Target: 122K–124K 🛡️ Invalidation: Below 114K

Conclusion: Wave iii))-green is continuing to move higher. Key Points: Wave iii))-green is extending, and subdividing into wave i)-purple to wave iv)-purple. I am not sure if wave iv)-purple is finished, but it should not move lower than 115,720 (Invalidation Point: Wave 4 should not overlap wave 1). On the other hand, 118,050.11 acts as a key level that price needs to hold higher, to gain confidence, weight for this view. ©By Hua Chi Cuong (Shane), CEWA-M | Certified Elliott Wave Analyst - Master Level

Sell bias on btcusd daily and 1 hr if you look at the daily candle you can see that its ready to push down, lets see how this trade goes

BTC/USDT on the 30-min chart is consolidating near $119,500 after a pullback, with a bullish setup targeting $122,207. A minor dip may precede the breakout, offering potential entry points before the next leg higher. trading around $119,559, up +0.13% for the session. 2. Chart Timeframe – 30-minute chart on Binance, showing short-term price movements. 3. Price Structure – Strong rally from Aug 11 to early Aug 12, peaking near $122,200. Pullback followed by sideways consolidation between roughly $118,000 and $120,000. 4. Support & Resistance Levels – Support: Around $118,000. Resistance: Around $122,200. 5. Pattern – Potential bullish continuation pattern; the price is forming a base after a pullback. 6. Projection – The drawing suggests a minor dip, then a breakout toward $122,207. 7. Trade Implication – The chart hints at a possible entry opportunity on the dip before a push higher, but confirmation from breakout volume would be key.

A strong trend line here and pepole gonna sell but i findout a little diffrent thing,there is a a demand on the up side and I am going for it,i gonna buy ,what will you do?

After completing the X wave at the bottom of the chart, it appears that Bitcoin has formed a bullish diamond-shaped diametric pattern and is now at the beginning or middle of wave E within this diametric. It is expected that, by holding the green-marked zone, the price will soon move toward the next targets. We have set three targets for wave E, which are marked on the chart. A daily candle close below the invalidation level will nullify this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You

BTC has been in a upwards trend for three years. Time for a correction. Whales will sell onto the fomo of retail as always & buy the blood.