Bitcoin

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The chart is key to this analysis.

From last week,

The push to a new ATH hit the 111,546 major Gann square and it is currently trading below the previous ATH at 109,012 and that usually is not a good sign. The retracements from the last 3 important lows of 2022, 8/5/24 and 4/7/25 all line up very nicely below, which could mean a longer term top is in, so we will start with the tightest retracement of 23.6% back to the 4/7/25 low at 103,200 as the key level for this week.
 

Use 103,200 as the swing point for the week.
 

Below it, holding 23.6% at 103,200 would be a very strong sign and a new ATH can quickly follow. The short term.... 

The current low is 103.179, holding this level can send it quickly to a new ATH. All of the Below remains the same. We have added one resistance level in.

Use 103,200 as the swing point for the week again.

Above it, the short term target is 78.6% back to the 5/22/25 high at 110,050, a failure to make a new high in the area of a 78.6% retracement can send this market quickly lower per the ONE44 78.6% rule. Without turning lower from there, we only have major Gann squares to look for resistance and then use as the swing point when closed above, the next two are 115,797 and 122,481.

Below it, holding 23.6% at 103,200 would be a very strong sign and a new ATH can quickly follow. The short term target is 97,550, this is 38.2% back to the 4/7/25 low and 23.6% back to the 8/5/24 low. The longer term target is 88,750, this is 61.8% back to the 4/7/25 low, 38.2% back to the 8/5/24 low and 23.6% back to the 2022 low. The long term swing point is now 75,400, this is 38.2% back to the 2022 low.

We have done 47 videos on how to use the Fibonacci retracements with the ONE44 rules and guidelines. These Videos are worth watching even if it is not in the market you are trading, as the ONE44 rules and guidelines are the same for every market. You will also see why we believe the Fibonacci retracements are the underlying structure of ALL markets.

Here is the latest.
 

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