#BTC Bitcoin Technical Analysis



As we recently observed, after the announcement of the US-Iran peace agreement, Bitcoin's price increased by $2,000. However, this was not a significant surge, as the agreement still awaits formal signing on the 19th. If the agreement fails to be signed, the market could experience a sharp decline.

Currently, we have two main liquidity zones:

📍 Upward liquidity zone: $68,000 - $74,000

📍 Downward liquidity zone: $63,000 - $49,000

Both zones contain substantial liquidation.

Upcoming macroeconomic data releases will also be helpful. Tomorrow, the Bank of Japan will announce its policy interest rate decision. If the Bank of Japan raises rates from 0.75% by 25 basis points to 1%, the market could face severe bearish pressure. Meanwhile, the US Federal Funds Rate decision is also imminent. Whether the Fed keeps rates unchanged or signals differently could trigger significant market volatility and selling pressure.

Therefore, the 16th and 17th are critical for the entire market.

From a technical perspective, Bitcoin is currently in a bearish flag pattern on the 2-hour chart, and a head and shoulders top pattern is also about to form.

I will again establish a short position in the $67,288 to $68,288 range and will update later.
BTC3.57%
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AchieveFinancialFreedom
· 2h ago
I agree 👍
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