MyTradingJournal6th

Summary: BTC tagged the 123.6–124.6k supply and reversed hard. Price is parked around 118k (prior base/equilibrium). Intraday structure = lower highs; 4H momentum neutral→bearish unless 120.6k is reclaimed. Market check (now): Trading near 118k after a $124k spike and fast selloff. News drivers (condensed): Fresh ATH headlines triggered profit-taking; macro tone supportive on rate-cut hopes; ETF/institutional demand remains a tailwind but near-term stretched conditions invited a fade. Key levels Resistance: 119.6–120.2k, 120.8–121.4k, 123.6–124.6k Support: 117.6–118.0k, 116.2–116.8k, 114.5–115.2k, 112.0–112.8k Bias & triggers Bearish below 119.6–120.2k. Failure there keeps pressure toward 116s → 115s → 112s. Bullish only on strong reclaim of 120.6k+. Acceptance above opens 121.4k → 122.4k → 123.6–124.6k. Plan (idea) Short setup: Look for rejection at 119.6–120.2k or a clean break/close <117.6k → targets 116.8k, 115.2k, 112.5k. Long counter-trend: Only if price reclaims and holds >120.6k with momentum → 121.4k / 122.4k; stretch to 123.6–124.6k if demand persists. Invalidation: Shorts invalid if price sustains >121.4k; longs invalid on a 4H close <117.6k. Read: After the $124k sweep, the local uptrend line broke; 4H EMAs flatten and 30m prints lower highs. 118k is the pivot—acceptance below favors 116s–115s; swift reclaim of 120.6k signals bears losing grip.

Summary: HTF uptrend intact; price is compressing inside a rising channel just under 117.4–117.6 (PDH/supply/premium edge). Intraday path: hold 116.7–116.9 → retest 117.4; lose 116.7 → slide to PDL/EQ. Structure Weekly: HH/HL above trendlines; weak high ~120k remains a magnet if 118k clears. Daily: Riding 21/50D EMAs in an ascending channel; shallow pullbacks bought. 4H: Repeated rejections at 117.4–117.6; higher lows along inner trendline. 30m: Tap of channel/EMA confluence 116.7–116.9 after a PDH sweep; momentum neutral. Key Levels R1: 117.4–117.6 (PDH/EQH) R2: 117.9–118.2 R3: 119.6 R4: 120.0k (weak high/liquidity) S1: 116.9–116.7 (trendline + EMAs) S2: 116.1 (PDL) S3: 115.5–115.0 (Equilibrium block) S4: 114.9–114.4 (demand) S5: 112.8–112.2 (discount/“strong low”) Momentum / Volume RSI mid-50s (room either way). ADX ~23 (trend mild) → next break likely expands. Sell wicks at PDH; lighter pullback volume favors bounce if S1 holds. Setups (If-Then) Breakout Long: 30m/4H close >117.6 → 117.9/118.2 → 119.6 → 120k. Invalidation: swift slip <117.2. Range Long (buy the dip): Bullish reaction at 116.7–116.9 → 117.0 → 117.4–117.6. Invalidation: 30m close <116.7. Breakdown Short: Clean 30m close <116.7 then <116.0 → 116.1 → 115.5–114.6; stretch 112.8. Invalidation: reclaim >116.9. Bias: Neutral-to-bullish above 116.7 (look for 117.4 retest / 118k squeeze). Bearish below 116.7, targeting PDL → EQ. Wait for edge breaks; avoid mid-range chop 117.0–117.3.

Bitcoin is currently consolidating between $117,000 support and $120,000 resistance, forming a tight sideways range after a strong breakout. 🔹 Structure Insight: Bullish rally stalled at $120K resistance zone. Range-bound candles with wicks on both ends = indecision. Strong demand zone near $117K, acting as short-term floor. 🔸 Indicators Flash Neutral Bias: RSI cooling off below overbought zone (~63) – no strong momentum. ADX low and flattening – trend weakening. MACD losing strength – bull momentum fading. Volume declining during consolidation = awaiting catalyst. 🟢 Bullish Trigger: Break above $120K with strong volume could ignite next leg up → Targets: $122K–$127K 🔴 Bearish Trigger: Breakdown below $117K opens door to $114K–$112K retest. 🧭 Outlook: Sideways range – wait for breakout confirmation before positioning aggressively.

🔹 Price rebounded strongly from key support at $116,400 🔹 Approaching breakout zone near $119,500 🔹 Descending trendline and multiple rejection wicks being tested 🔹 Bullish momentum building — RSI rising, MACD stabilizing, volume uptick visible 🔹 ADX shows trend strength picking up 📈 If breakout confirmed above $119,500: 🎯 TP1: $122,000 🎯 TP2: $127,000 🎯 TP3: $135,000 📉 Below $116,400 = invalidation Bias: Bullish above $119,500, cautious until breakout confirms.

The structure forming from June 27 to July 8 appears to be a diamond top, a reversal pattern often seen after uptrends.Price expanded (broadening left) and then started converging (right side) — classic diamond symmetry.It has developed right at the macro trendline resistance (~109.5K), increasing its reliability.Volume has declined during the right half of the diamond, which is consistent with pattern expectations.✅ Implications of Diamond PatternBearish Bias (Diamond Top):If price breaks below the lower boundary (~107.8K), it confirms the pattern → potential move to 104.5K–102.5K zone.Measured move ≈ height of pattern (109.8K–106K) ≈ 3.8K drop.Invalidation/Bullish Flip:Break and hold above 109.5K with volume would invalidate the bearish diamond.In that case, it flips into a squeeze breakout with upside to 110.8K–111.5K+.🎯 Conclusion:The diamond top, combined with macro resistance and declining volume, strengthens the bearish breakdown scenario.However, no confirmation yet — remain neutral to bearish unless either:✅ Clean breakout >109.5K🔻 Breakdown <107.8K with volume

Structure & Price ActionBTC is consolidating within a symmetrical triangle (red trendlines).Price is squeezing near the apex, suggesting an imminent breakout.Strong defense at ascending channel support (~108K zone) + green trendline.Lower highs indicate sellers still active, but higher lows reflect buyer strength too.Price bounced from previous demand block (green box), now pushing toward resistance.📊 Indicator ConfluenceRSI: Curling up from mid-range (~52–55), no divergence, neutral-to-bullish tilt.DMI/ADX: ADX rising slightly, -DI weakening vs +DI → potential trend shift brewing.MACD: Histogram flat; momentum hasn't confirmed either side yet.Wave Trend: Bouncing from mid-line, bullish cross may form if price breaks triangle.Volume: Gradual decline = typical pre-breakout compression. Watch for spike.Stochastic: Flipped bullish from oversold — early bullish bias.🎯 Summary & Probabilities:BTC is coiling near triangle apex — breakout likely soon.🔼 Break above 109.4K with volume → 60% chance of move to 110.5K–111.5K.🔽 Drop below 107.9K → 40% chance of fall to 106.3K–104.4K.Bias: Neutral-to-bullish — confirmation needed.

🔍 Structure & Price ActionBTC is trading within a rising wedge (blue lines) nearing apex — typical bearish setup.Price is repeatedly getting rejected near macro trendline (~108.8K–109K).30-min shows clean breakdown from lower wedge support, retesting the zone now.On 4H, BTC is still under key resistance zone between 109.6K–110.4K, previously rejected twice.🔻 Bearish SignalsMultiple Sell signals on both timeframes.Bearish divergence visible in RSI and MACD on 4H.Volume spike on the breakdown → confirming sellers in control.🔑 Key LevelsSupport: 107.7K (current zone) → loss opens path to 106.6K, then 104.4K.Resistance: 108.9K–109.4K = confluence of EMA cluster + macro TL + Fib zone.📊 Indicators (4H)RSI dropping from mid-zone (~48), no bullish momentumDMI shows increasing ADX with -DI over +DI → trend strengthening bearishTSI & Wave Trend both curling downStochastic in overbought, starting to reverse🎯 SummaryBias: Bearish below 108.6KInvalidation: Bullish breakout above 109.6K + volume closeSetup: Watch for retest and rejection at ~108.4K–108.6K = clean short triggerNext Targets: 107.2K → 106.6K → 104.5K

Timeframe: 4H | Exchange: Binance | Date: July 🧠 What’s Happening?Bitcoin just fired out of a bullish wedge with strong volume and is marching inside a clean rising channel.All eyes now on the golden Fibonacci zone — and beyond!🎯 Key Levels📍 Immediate Resistance:→ $109,940 – Holding at the 0.5 Fib→ $110,580 – $111,491: Golden Pocket (0.618–0.786 Fib)→ $112,652: Full Fib Extension + Channel Top📍 Support Zone:→ $108,200 – $107,800: Must hold for bulls→ Below $107.5K = momentum shift ⚠️🔍 Technical Signals Lighting Up✅ Bullish breakout from descending wedge✅ Strong volume confirms breakout intent✅ RSI at 57+, trending upward✅ MACD crossing bullish✅ Stochastic RSI curling from oversold✅ ADX increasing – trend gaining strength🚀 Trade Setup (Idea Only!)Above $110K = bullish continuationNext stops: $111.5K – $112.6KHold $108K = bullish structure intactBelow $107.5K = reevaluate bias🧨 Summary:Bulls have the momentum — but can they punch through the golden zone?$110K+ is the battleground. Break it, and we’re off to $112K+.💬 What’s your bias? Bulls or bears? Drop a chart or comment below 👇🔔 Follow for daily setups & sharp market commentary!

Price Action:BTC rejected from Fib 0.5–0.618 zone (110.2K–111.5K), aligning with rising channel resistance.Failed breakout attempt above local highs (~109.6K) → price sharply reversed.Clean breakdown from rising wedge/channel support (blue) and EMA cluster.Support/Resistance:Immediate support at 107.5K (red horizontal) now under pressure.Next key support: 106.6K zone (channel lower bound, Fib cluster, previous demand).Resistance remains strong at 109.8K–110.2K (gray zone + trendline).Indicators:Volume spike during recent breakdown = bearish confirmationMultiple consecutive sell signals after EMA flattening = momentum shiftMinor bounce attempts got rejected at descending EMA stack🎯 Quick Take:Bias: Bearish below 108.2KScalp short active while price is under red horizontal + EMAsWatch for bounce attempt near 106.6K–106.3KInvalidation: Clean reclaim of 108.6K + bullish volume

BTC got rejected again at macro trendline (~108.5K)Multiple lower highs → selling pressure confirmed4H breakdown from compression with volume spikeNow hovering near 106.5K — key support🔻 Below 106.2K = clean short trigger → 104.4K–102.5K✅ Reclaim above 108.2K flips bias bullish⚡ Market ContextLarge treasury interest building (institutional buying signs)Recent $40B options expiry adds volatility at key levelsRenewed institutional participation visible across platformsBias: Bearish below 107.2K. Structure and volume support downside.Watch for July trend confirmation post-event digestion.“Smart trades aren’t lucky — they’re planned.”