Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. According to CRYPTOWZRD’s recent update, Bitcoin ended the last session on a bearishnote, but the broader outlook may soon shift. He noted that the Trump–Putin meeting delivered a productive outcome, which could fuel a positive reaction in the market if conditions remain steady. Daily Candle Shows Slight Bearish Bias, Yet Indecisive
In his update, CRYPTOWZRD noted that Bitcoin’s daily candle closed slightly bearish. The analyst explained that although the close leaned to the downside, he would still consider the overall signal indecisive. Related Reading Bull Case For Bitcoin At $300,000 Triggers After Reaching Critical Level 2 days ago
Turning attention to external factors, CRYPTOWZRD highlighted that the recent meeting between US President Donald Trump and Russian President Vladimir Putin in Alaska was productive. He pointed out that this development could create a favorable atmosphere in the broader crypto market, which may spill over into Bitcoin, unless the situation changes later on.
At the same time, CRYPTOWZRD stressed that traders cannot overlook the traditional markets, where the weekly candle closed bearish. He described this as an early warning sign that should not be dismissed, as it may serve as a precursor to deeper correctionsif unexpected developments occur. BTC Bears taking control of the market | Source: CRYPTOWZRD on X
In his view, this makes it necessary to remain alert, even in the face of seemingly positive momentumelsewhere. While a productive geopolitical meeting may boost investor confidence, the bearish weekly signal in traditional markets is a reminder that conditions can quickly shift.
As for his approach, CRYPTOWZRD stated that his focus remains on the lower timeframe chartformations. He believes this is where quick scalp opportunities are likely to emerge, allowing traders to capture movement without being overly exposed to sudden swings. By tracking these intraday setups, he intends to navigate the volatilitywhile waiting for clearer signals on Bitcoin’s next larger move. Bitcoin Choppy Price Action Limits Clear Setups
Rounding up his analysis, CRYPTOWZRD observed that the intraday chart for Bitcoin remained somewhat choppy and leaned bearish. He explained that price action has been confined within a relatively small range, making it less favorable for immediate trading decisions. Related Reading Bitcoin Volatility Hits 2-Year Low As 30-Day Range Tightens 2 days ago
He emphasized that the key level to watch on the upside is $119,500. According to the expert, a move above this threshold would shift Bitcoin into bullishterritory, creating a potential long opportunity. Until that breakoutoccurs, he prefers to remain cautious rather than force trades in uncertain conditions.
On the downside, CRYPTOWZRD noted that a break below $117,000 would signal further weakness and open the door for short positions. For now, he concluded that an ideal approach is to wait for the next decisive move before taking action. BTC trading at $117,649 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Pixabay, chart from Tradingview.com