The possibility of a trade war with China increased as the US added another layer of tariffs on China bringing the total to 104%. This new uncertainty implies continued downward pressure in the S&P 500. I am looking for a sideways price movement.
Opening Price (Weekly) : Tuesday 8/4 Price React : Price sweep Tuesday price within in short period (less than 24 hour) Expectation : Sell decision above Tuesday price (1.09760)
As it becomes clear, Bitcoin's retracement phase is likely coming to an end, potentially giving way to a bull run. A strong demand zone that could reject the price and signal the end of this boring phase is between $68,000 and $72,000
TSLA just broke down from a key structure with rejection under $243 and failed to reclaim it. Price is now stuck in a bearish SMC range and sitting inside a demand zone that’s showing signs of weakening. Here’s how it’s setting up: ? Market Structure & SMC Price is clearly trending inside a downward channel with consecutive break-of-structure (BOS) moves. The most recent bearish BOS confirms continuation, and there has been no clean change-of-character (CHoCH) to suggest bulls are regaining control. Supply remains untouched above $243, while price has now tested the $214–$221 zone multiple times. ? Indicators – MACD & Stoch RSI MACD histogram is fading and showing no momentum crossover. Stochastic RSI is deeply oversold but not turning up yet — this could signal either a pause or a weak bounce before continuation down. ? TrendInfo Summary (1H) The TrendInfo panel is heavily tilted bearish: Momentum (MACD, RSI, DMI) is all red Volume remains average but favoring red candles Fear & Greed sentiment reads at Fear (-14.42) Final recommendation: Sell (90%) This confluence supports the bearish thesis unless bulls step in aggressively at $214. ? Options GEX Insight https://www.tradingview.com/x/9OWEDZXu/ On the options side, we’re seeing a major wall of negative gamma around the $215–$220 zone — and the highest negative NETGEX / put support sits at $214.25, right where price is hovering. If this level breaks, gamma flows could accelerate downside volatility toward $200–$210, with no real put wall protection below until $190. On the flip side, the upside is heavily capped at $237.5 with HVL at that level. The nearest significant resistance lies at $260–$262, aligning with major call walls and the 62% GEX call resistance zone. IVR is extremely elevated at 137.8, with IVx at 140.2, showing strong option demand and volatility pricing. However, most of the flow is put-heavy (1.6%), suggesting institutions are not betting on a recovery just yet. ? Trade Thoughts & Scenarios If price bounces here, we may see a short-term move to $230–$237.5 (gap fill or HVL reversion). However, unless TSLA reclaims $243, the broader structure remains bearish and rallies are likely to be sold. If $214 breaks, that opens downside to $210 and even $200 fast — especially with this kind of GEX structure. Swing traders can consider shorting failed bounces with tight risk above $230. Intraday scalpers can hunt rejections at $225–$230 zone. Final Thoughts: TrendInfo, order flow, and SMC structure are all leaning bearish. TSLA needs a strong shift in sentiment or macro support (like QQQ/SPY bottoming) to reverse this trend. Until then, bears are in control. This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and trade responsibly.
After btc broke this major trendline… this was a big big signal for the weakness btc is showing now. I hope we will see some relieve after this huge correction. Then I am out. Let’s settle the market and find our entry’s
Beyond the technical analysis chances of the market goes against the setup are there
Hello again fellow gamblers, This is another update on my Bitcoin analysis. Thanks for watching the video and Let me know what you think!
This is sitting right on support line and may bounce for some time. I think it will eventually come down to mid 20s, may be, with in a year.
Where is BTC going next? Will 70k level act as resistance or support? If it bounces off of 70k we may see a new ATH, but if it breaks through then its going down.
Global brokerage giant Interactive Brokers has expanded its cryptocurrency offering by adding Chainlink (LINK), Avalanche (AVAX), and Sui (SUI) to its trading platform, the company said on Monday. The new tokens join a lineup that already includes Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Solana (SOL), Cardano (ADA), Ripple (XRP), and Dogecoin (DOGE). […]