Trading-House

Quick BTC Analysis | Weekly Timeframe After a correction to the golden Fibonacci level (0.618), Bitcoin has strongly reached the top of the ascending channel. If this momentum continues, the next target could be around $150,000 (Fibonacci 1.272 level). On the other hand, if the price fails to break above the channel and faces selling pressure, a correction to the $80K–$88K range is likely. The market is currently at a critical point — sharp rally or deep correction?

Gold is currently in an upward trendline on the 1-hour timeframe. It has recently made a slight correction down to the 0.382 Fibonacci level, and if the correction continues toward the 0.5 and 0.618 Fibonacci levels, a strong upward move from that area can be expected. For a safe and confirmed entry, it is advisable to wait for the break of the orange trigger line.Gold is moving according to our analysis, and it's currently making a move of nearly 600 pips in the predicted direction.

What's your opinion? Do you think gold will rise from its Fibonacci zone?

Due to the tensions and trade war with the U.S., the price of gold is on the rise. Technically, it is also at a support level, which coincides with a Fibonacci confluence zone. It is advisable to wait a bit before entering; candlestick confirmations could serve as confirmation for a long trade.

If the resistance zone is broken, Solana could potentially rise to around $280.

Considering the release of gold from its compressed state and recent developments in the Middle East region, it is anticipated that gold prices will rise, potentially reaching the level of $2,700.

It is likely that the price will return to the 65400 area again, and if you see the trigger, you can enter the Sell trade.

At the end of an upward trend, a head and shoulder pattern can be seen, if it stabilizes below the neck line of this pattern, in the price retest, after seeing the confirmation, you can enter the Sell trade.

Most likely, the next destination for gold is around 2700, and if the upward trend line is lost, this analysis will be fielded.

Wait for the price to break its downtrend line to the top and stabilize there! You can enter a long trade in the retest of a trend line and confirmation!