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- Bitcoin Technical Analysis : Bears in Control 🔻
Welcome back to the Daily Coinsauce Newsletter! Let’s dive into today’s updates—there’s a lot to unpack!
💧Top headline from the last 24 hours:
• Gold hits a new all-time-high.
📕Educational :
• Technical Analysis on Bitcoin.
Lets dive in.
📅 Today
Gold for the win!
Gold has hit a record high of $3,000 per ounce, proving its strength as a safe-haven asset during uncertain times.
In just 13 months, gold has added +$7 TRILLION of market cap, now worth a record $20 TRILLION. Gold is now a $20.2 TRILLION asset, the single most valuable asset in the world.
Rising global worries, trade policies, and weaker trust in paper money have fueled this surge.
As the US dollar loses value, more people are turning to gold as a safer way to store wealth.
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🌎 Other News
📕 Educational
Bitcoin outlook & technical analysis :
One of our long-term Bitcoin strategies (ST/F), with a 75%+ accuracy since 2015, has just flipped bearish. This strategy has been extensively backtested using Pine Script on TradingView algorithmically.
Key Insights:
BTC remains at risk of a deeper correction unless it secures a weekly close above $96,000.
Bears are in control—expect volatility and potential fakeouts.
Any rally up to $96,500 could be a trap.
The invalidation level of $96,500 is dynamic, meaning it will keep trending lower with each additional week of bearish price action.
Until BTC reclaims this critical level, we will only consider swing longs once a weekly close confirms strength above $96,500. For now, we remain 100% out of the market—no investments, only trading—until this level is breached. This approach has previously helped us sidestep prolonged periods of market chop, preserving capital and avoiding false breakouts. With a 75% accuracy, we trust the data over emotions.
On the shorter time frames, BTC is currently showing oversold RSI along with bullish divergence, which is a promising sign for a small reversal. However, this could easily turn into a bull-trap, so it’s crucial to exit positions quickly and manage risk carefully.
TLDR:
Bears are in control. Avoid high-leverage longs until $96,500 is broken. In the short term, a counter-trend rally to the upside is likely, but the risk of a bull-trap remains high.
📊 Stat of the day
🤣 Meme of the day
That concludes our update for today!
We appreciate you joining us for the latest news. We aim to provide the best-in-class insights and highlights that keep you well-informed and ready.
Remember to join us on Telegram and Twitter for additional updates and giveaways. Until then, see you next time!
Disclaimer: None of the content shared in the newsletter is financial advice. Always do your own research and analysis before investing.
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