PrimexCapital

BTC/USD Timeframe: 1D Bitcoin has broken down from its recent consolidation range and is currently trading around $86,894. This signals potential bearish momentum, with price likely to test lower support zones. If BTC fails to reclaim the previous range, a deeper correction toward the $80,000-$78,000 zone is possible. A further drop could see price retesting the $74,000-$72,000 demand area. However, if bulls reclaim the breakdown level and break above the descending trendline, BTC could push back toward $91,000+, continuing the larger uptrend. Price action near current levels will dictate the next move.

Bitcoin is currently trading within a well-defined range between $92,000 (support) and $108,000 (resistance). After a strong rejection from the lower boundary, BTC has bounced back toward $100,000, showing signs of recovery. If price sustains above $98,000-$100,000, BTC could push toward the upper resistance zone at $108,000. However, failure to maintain bullish momentum may result in another retest of $92,000 support, with a potential breakdown leading to further downside. Traders should watch for a clear breakout above $108,000 for bullish continuation or a break below $92,000 for a deeper correction.

Gold remains in a strong uptrend but is currently testing a key resistance zone near $2,820. A rejection from this level could lead to a corrective move toward the $2,740-$2,720 support area, aligning with trendline support. A deeper pullback could extend toward $2,660 if bearish momentum increases. However, a breakout above $2,820 with strong volume could push price toward new highs, with the next target around $2,850-$2,860. Current sentiment is bullish but overextended, so waiting for confirmation of either a rejection or breakout is crucial for the next move.

#BTCUSD Timeframe: DAILY BTCUSD remains in a consolidation phase after a strong bullish rally 📈, respecting the support zone near $34,000. Price action is forming a descending wedge pattern, signaling potential accumulation. Currently, BTC is hovering near the wedge’s lower boundary and the support zone, indicating a possible breakout. A bullish break above $38,000 could send the price rallying toward the next resistance levels of $42,000 and $45,000. However, if the $34,000 support fails, we could see a pullback to the ascending trendline around $30,000. For now, the structure hints at bullish potential, but patience is key to confirm direction. 🔍Parameters are wrong. Will edit in next btc update

MEWUSDT is in a corrective phase after a significant rejection from the upper resistance zone around 0.01300–0.01250. The market has been trending downward 📉, following the break of the ascending trendline that supported previous bullish momentum. Currently, price is hovering near the mid-support zone around 0.00900–0.00880, teasing a potential bounce but showing no clear bullish signs yet. The daily structure is leaning bearish as lower highs and lower lows dominate the chart. 📍 If price fails to reclaim the broken trendline or close above 0.01020 resistance, it could easily slide further into the deeper support zone near 0.00750–0.00700 🔻. However, if buyers manage to step in around the mid-support, we could see a short-term rally, possibly retesting the descending trendline. 🧐 Overall, the bias remains bearish unless a significant breakout above 0.01050 occurs. Until then, it’s a game of patience, watching how price behaves around these key zones.

Still bullish! WIF is approaching a key resistance zone after forming higher highs and higher lows, indicating strong upward momentum. A breakout above this level could signal further upside. However, spotted a rejection, we might see a retracement to the nearby demand zones for a potential bounce. Watch for confirmation before taking action!

Gold showed a strong downtrend earlier and still falling long term for now at least. Expecting a bounce from level 2600.83 and if broken may likely fall further to the 2,548.84 area. That's a strong support area and may less likely break further. For now we suggest you find sell entry zones until the sell bias is generally weakened.

BTC reached an all time high and looks like it's about to hit $100k before new year. I do not suggest buying the top and wait for some exhaustion. before buying. We will be posting analysis to help out with solid entries for long term holds.

Gold destroyed our previous analysis because of the insane bullish momentum from last week's news release. And this changed the bias totally. Gold hit an important level @2650 as there is no previous or historical resistance above level, price might keep going higher until a new resistance is formed. Currently we are expecting a pull back to give new buy opportunities from the support area. Expecting gold to go higher.

Two possible play outs here. Expecting a breakout at the R1 & R2 Zone ($600.473 & $635). Or a possible rejection from the R2 zone down to $472 area. Either way, one of these scenerios will play out before hitting $800.