This article has been translated from English to Gen Z Slang.
Yo fam, don't freak out, but bitcoin's already vibin' around its May 2025 peak levels and might just yeet upwards real soon. 🚀
How high can it skyrocket from here? 😱
Peep these crucial spots I'm checking on the 4-hour chart:
Bitcoin (BTC/USD): 4-hour
Bitcoin (BTC/USD) 4-hour Forex Chart by TradingView
BTC/USD just pulled a glow-up, breaking outta a descending trend channel, hinting that the previous downtrend's done-zo. But hold up, the rally's hitting the brakes at the record highs around $112K, maybe causing a lil' correction. 🤔
Can bitcoin find its homies support at these Fibonacci retracement levels?
Reminder, fam, that direction and vol levels in market prices are mostly driven by the fundies. If you ain’t flexed your brain yet on bitcoin and the U.S. dollar, it’s high time to hit up the economic calendar and get in the loop on daily fundie news! 📚
Taking dat profit at R1 ($111,483) and those May 2025 top spots could send us back to that pivot level ($108,302) or the 38.2% Fibonacci retracement near the broke channel top and dynamic support at the moving averages. 🤞
If we see a bigger pullback, it might hit the 50% Fib at $105,144 or the 61.8% level near the mid-channel zone, which could still bring more bitcoin fans to keep the vibe going. If that’s the case, BTC/USD might be eyeing retests of those high points, aiming for R2 ($113,734) then R3 ($116,910) next on the agenda. 🚀Always keep an eye on global drama, like tariff tea and geopolitical plots, which could majorly alter vibes, USD moves, and the crypto scene. 🌎
No matter which side you play, don’t slack on that risk management game and be woke on those top-tier catalysts shaking up market feels.
Disclaimer:
Yo, heads up that the tech analysis stuff here is for laughs and learning only. Don't take it as trading gospel or a hot tip. Tech analysis is just one piece of the puzzle in a dank trading strategy. The setups mentioned are just areas some traders might peep. At the end of the day, trading moves, risk plays, and what comes outta them falls on each solo trader. Trade smart, peeps. ✌️
This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.