@MegaWhaleCrypto
YouTube
Avg. Quality
76
Success Rate
26.90
Analysis
171
Correct
46
Fail
116
Pending
7
Ineffective
0
Total Quality
Score
If You Had Traded on This Analysis…
Correct
ES1!
Long Entry
6,785.0000
2025-10-03
05:02 UTC
Target
6,900.0000
In 4 Weeks
Fail
6,500.0000
Risk/Reward
1 : 0
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Final PnL
1.69%
P/L: —
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The analysis indicates Bitcoin has broken through 118,000 and is pushing towards its prior all-time high. A key question is whether the rally will continue or if pullbacks will occur. Analysis ranges from daily to weekly charts, focusing on RSI levels, particularly 62.09. Another retest of the altcoin market's all-time high of 2021-2024 is discussed. For BTCUSDT a short term target is set to 124500 while a failure bellow 116900 would invalidate the analysis.
The analysis also looks at the S&P500 which has broken through prior highs and the analyst is seeing great momentum and break of structure. He wants to see it keeping above the current trend for continuation of the trend. In the meantime, 24-hour liquidations and volume are checked with short positions being prominent. Additionally, a historic look at October's returns shows that returns are green. He mentions about that after his data driven and fact based view he does not know where the economic data is heading to which would be shared if NFP data where made available.
There would a top around October 06, 2025, before correction. The 62.09 RSI should not be broken. In order to remain bullish on BTC, weekly charts are used to determine if it will continue with its trend. The S&P500 looks strong and is moving upwards.