Bitcoin’s Rally Faces Its Moment of Truth at $106K Resistance
Lee Yang
PROFESSIONAL TITLE
Market Analyst
EDUCATION & QUALIFICATION
- Bachelor of Arts Hons in Mass Communications (University of Hertfordshire)
EXPERTISE
- Technical Analysis
- Chart Reading
- Crypto Trading
- Chart of the Day & Technical Analysis Guides
SUMMARY
As a market analyst with a background in both writing and trading, my journey began in 2020 with a dive into the world of cryptocurrencies. Over the past four years, I've honed my skills and expanded my expertise to encompass a wide range of financial instruments. By day, I craft insightful analysis and reports, and by night, I immerse myself in the intricate dynamics of the markets. I'm here to share my findings and engage in in-depth discussions on technical analysis. Let's explore the markets together!
EXPERIENCE
- Trading since 2020, started off in the Crypto space and experienced the ups and downs of a bull and bear market cycle. I'm a student of the game, learning and growing alongside you. Hopefully you'll enjoy this journey together!
Lee Yang's posts:
Market Insights
" alt="Bitcoin’s Rally Faces Its Moment of Truth at $106K Resistance" />
" alt="“We Can Be Patient” — Powell’s Words Crush June Rate Cut Hopes" />
“We Can Be Patient” — Powell’s Words Crush June Rate Cut Hopes
" alt="Kiwi Fights Back: NZD/JPY Breaks Multimonth Trendline to Upside" />
Kiwi Fights Back: NZD/JPY Breaks Multimonth Trendline to Upside
" alt="Pivotal Resistance: Nasdaq and S&P at the Daily 200 EMA" />
Pivotal Resistance: Nasdaq and S&P at the Daily 200 EMA
" alt="Weekly Evening Star Pattern on Gold—Start of a New Downtrend?" />
Weekly Evening Star Pattern on Gold—Start of a New Downtrend?
" alt="Palantir Leads Stock Market Recovery, Amid Weak S&P 500 Breadth" />
Palantir Leads Stock Market Recovery, Amid Weak S&P 500 Breadth
" alt="Looming Death Cross on Bitcoin as Dollar Hits Three-Year Lows" />
Looming Death Cross on Bitcoin as Dollar Hits Three-Year Lows
" alt="Bitcoin Back to $80K: Liquidity Grab Candle Implies Reversal" />
Bitcoin Back to $80K: Liquidity Grab Candle Implies Reversal
" alt="Fear Sweeps SPX Markets as Retail Expects Black Monday" />
Fear Sweeps SPX Markets as Retail Expects Black Monday
" alt="S&P 500 Gaps Down By 71.95 Points: New Key Zone Formed" />
S&P 500 Gaps Down By 71.95 Points: New Key Zone Formed
" alt="Reciprocal Tariffs Going Live: What’s Next for S&P and Nasdaq?" />
Reciprocal Tariffs Going Live: What’s Next for S&P and Nasdaq?
" alt="Q2 Commodities Forecast: Gold Brings Heat as Oil Demand Cools" />
Q2 Commodities Forecast: Gold Brings Heat as Oil Demand Cools
" alt="Bitcoin in Rising Channel with Potential Rejection at $88,000" />
Bitcoin in Rising Channel with Potential Rejection at $88,000
" alt="FOMC Decision: Powell’s Tone Holds the Key" />
FOMC Decision: Powell’s Tone Holds the Key
" alt="SPX Mid-March Reversal in Play? 4H and 1D Double Bottom Spotted" />
SPX Mid-March Reversal in Play? 4H and 1D Double Bottom Spotted
" alt="EURUSD and EXY Rejects from Weekly EMA 200 and Rising Trendline" />
EURUSD and EXY Rejects from Weekly EMA 200 and Rising Trendline
" alt="Crypto in Trouble: Keep your eyes on USDT.D and Bitcoin" />
Crypto in Trouble: Keep your eyes on USDT.D and Bitcoin
" alt="Starbucks (SBUX) At Double Bottom Neckline Resistance" />
Starbucks (SBUX) At Double Bottom Neckline Resistance
" alt="Major BOUNCE on Crypto: Trump Announces US Crypto Reserve Over the Weekends" />
Major BOUNCE on Crypto: Trump Announces US Crypto Reserve Over the Weekends
" alt="Doom Strikes SPX and BTC: Critical Support Levels" />
Doom Strikes SPX and BTC: Critical Support Levels
" alt="Australian CPI Lower than Expected, Bearish Sign for AUDUSD" />
Australian CPI Lower than Expected, Bearish Sign for AUDUSD
" alt="Bybit Gets Hacked; Cryptocurrency Takes A Plunge… What’s Next?" />
Bybit Gets Hacked; Cryptocurrency Takes A Plunge… What’s Next?
" alt="Gold Audit May Send Price Higher – $3,000 Mark in Sight" />
Gold Audit May Send Price Higher – $3,000 Mark in Sight
" alt="New All-Time High in 25 Years for Euro Stoxx 50 Index" />
New All-Time High in 25 Years for Euro Stoxx 50 Index
" alt="Hang Seng Index 1H Rejection Candle: Cool Off After CNY Rally?" />
Hang Seng Index 1H Rejection Candle: Cool Off After CNY Rally?
" alt="3M Stock at Resistance After Bullish Break of Falling Wedge" />
3M Stock at Resistance After Bullish Break of Falling Wedge
" alt="CPI Dominates a Light Trading Week Before Valentine’s" />
CPI Dominates a Light Trading Week Before Valentine’s
" alt="NFP Jobs Report Supports Weaker Dollar; FX Majors May Recover" />
NFP Jobs Report Supports Weaker Dollar; FX Majors May Recover
" alt="Trade War Paused: Are we risk-on again? S&P 500 Analysis" />
Trade War Paused: Are we risk-on again? S&P 500 Analysis
" alt="DeepSeek’s Market Shockwave: NVDA Down, OpenAI Feels the Heat" />
DeepSeek’s Market Shockwave: NVDA Down, OpenAI Feels the Heat
" alt="Netflix Projected to Gap Up to $1,000 (Pre-Market) with Earnings Surprise" />
Netflix Projected to Gap Up to $1,000 (Pre-Market) with Earnings Surprise
" alt="Trump Inauguration: Market Impacts and What to Expect" />
Trump Inauguration: Market Impacts and What to Expect
" alt="CPI Relief Boosts the Market: S&P 500, Nasdaq, Bitcoin Surges" />
CPI Relief Boosts the Market: S&P 500, Nasdaq, Bitcoin Surges
" alt="Warning on Bitcoin: $77,000 in Sight with Head and Shoulders " />
Warning on Bitcoin: $77,000 in Sight with Head and Shoulders
" alt="S&P 500 Not Looking Good: Rising Wedge with More RSI Downside" />
S&P 500 Not Looking Good: Rising Wedge with More RSI Downside
" alt="Upcoming ISM Services Data and EUR Inflation Estimates" />
Upcoming ISM Services Data and EUR Inflation Estimates
" alt="Ethereum: Drop to $3,000 Possible Before Continuation" />
Ethereum: Drop to $3,000 Possible Before Continuation
" alt="Q1 2025 Commodities Forecast: Energy Markets Diverge Sharply" />
Q1 2025 Commodities Forecast: Energy Markets Diverge Sharply
" alt="Nasdaq (USTEC) Tests $20,750 Region with Bearish RSI Divergence" />
Nasdaq (USTEC) Tests $20,750 Region with Bearish RSI Divergence
" alt="Make or Break: S&P 500 Continuation or Fall to $5,650 Possible" />
Make or Break: S&P 500 Continuation or Fall to $5,650 Possible
" alt="Gold 4H Hidden Bullish Divergence: Upside and Downside Targets" />
Gold 4H Hidden Bullish Divergence: Upside and Downside Targets
" alt="Mixed Signals: GBPUSD Bear Flag with Hidden Bullish Divergence" />
Mixed Signals: GBPUSD Bear Flag with Hidden Bullish Divergence
" alt="Bitcoin Flushout: Drop Before Further Run to Upside" />
Bitcoin Flushout: Drop Before Further Run to Upside
" alt="CPI Projected to Be Higher: DXY Recovery Possible Before Wednesday" />
CPI Projected to Be Higher: DXY Recovery Possible Before Wednesday
" alt="Falling Wedge: Gold (XAU/USD) Technical Analysis for December 2024" />
Falling Wedge: Gold (XAU/USD) Technical Analysis for December 2024
" alt="Altcoin Season is Here: XRP Takes Flight, BTC Dominance Down" />
Altcoin Season is Here: XRP Takes Flight, BTC Dominance Down
" alt="BOJ Rate Hike: JXY May Regain Strength as JPY Pairs Move Lower" />
BOJ Rate Hike: JXY May Regain Strength as JPY Pairs Move Lower
" alt="Global M2 Supply Chart Signals a Drop to $70,000 on Bitcoin" />
Global M2 Supply Chart Signals a Drop to $70,000 on Bitcoin
" alt="RBNZ Projected to Cut the Kiwi, AUD Inflation Projected Higher" />
RBNZ Projected to Cut the Kiwi, AUD Inflation Projected Higher
" alt="Can S&P 500 Continue Higher in its Broadening Wedge Pattern?" />
Can S&P 500 Continue Higher in its Broadening Wedge Pattern?
" alt="Bitcoin Greed Index 90: Correction Risks Grow with New Patterns" />
Bitcoin Greed Index 90: Correction Risks Grow with New Patterns
" alt="Global Oil Demand Down: Brent and WTI Dump in Q4?" />
Global Oil Demand Down: Brent and WTI Dump in Q4?
" alt="Gold Recovery Possible: 4H Falling Wedge with Bullish Divergence" />
Gold Recovery Possible: 4H Falling Wedge with Bullish Divergence
" alt="DOGE Soars 24% After Trump Unveils Government Efficiency Department" />
DOGE Soars 24% After Trump Unveils Government Efficiency Department
" alt="$80K Hit: Bitcoin Creates New ATH and Begins Crypto Bull Run" />
$80K Hit: Bitcoin Creates New ATH and Begins Crypto Bull Run
" alt="Policy is King: All Eyes on BOE Gov Bailey and Fed Chair Powell" />
Policy is King: All Eyes on BOE Gov Bailey and Fed Chair Powell
" alt="2024 US Election Day Tomorrow: What to Expect" />
2024 US Election Day Tomorrow: What to Expect
" alt="DJ30 First Red Monthly Close in 6 Months" />
DJ30 First Red Monthly Close in 6 Months
" alt="Australian Pairs May Move Lower: CPI Data Release Coming Up" />
Australian Pairs May Move Lower: CPI Data Release Coming Up
" alt="Nap time for the Dollar? Potential 4H Double Top in Sight" />
Nap time for the Dollar? Potential 4H Double Top in Sight
" alt="GBPJPY in Focus: Japanese Inflation Data and GBP Flash PMI Data" />
GBPJPY in Focus: Japanese Inflation Data and GBP Flash PMI Data
" alt="China Cuts Rates: Potential Bounce on Hang Seng Index" />
China Cuts Rates: Potential Bounce on Hang Seng Index
" alt="Bulltober Again in 2024? Bitcoin Eyes Bullish Break of $68,000" />
Bulltober Again in 2024? Bitcoin Eyes Bullish Break of $68,000
" alt="Uber Surges to New ATH Areas to Watch for Bullish Investors" />
Uber Surges to New ATH Areas to Watch for Bullish Investors
" alt="USDCAD Analysis: What to Expect from Major Economic Data Today" />
USDCAD Analysis: What to Expect from Major Economic Data Today
" alt="Gold Flips Temporarily Bearish on 4H Timeframe" />
Gold Flips Temporarily Bearish on 4H Timeframe
" alt="Make a Note: 3M Stock Breaks Falling Wedge and Teases Pull Back" />
Make a Note: 3M Stock Breaks Falling Wedge and Teases Pull Back
" alt="Labour Data is Key: Will Wages and Jobs Alter Fed’s Course?" />
Labour Data is Key: Will Wages and Jobs Alter Fed’s Course?
" alt="Tesla On the Verge of Breaking Out of Cup and Handle" />
Tesla On the Verge of Breaking Out of Cup and Handle
" alt="Rise or Fall: Will EMA-20 Be Nasdaq’s Key to Further Upside?" />
Rise or Fall: Will EMA-20 Be Nasdaq’s Key to Further Upside?
" alt="Q4 Forex Forecast: US Rate Cut Expectations Drive Majors Higher" />
Q4 Forex Forecast: US Rate Cut Expectations Drive Majors Higher
" alt="Netflix Stock Forms All-Time Highs, Eyes $800.00" />
Netflix Stock Forms All-Time Highs, Eyes $800.00
" alt="Powell’s Speech, GDP, and US Jobs Data: What to Expect Today" />
Powell’s Speech, GDP, and US Jobs Data: What to Expect Today
" alt="Blow the Horns: Bullish Reversal Indications on USDJPY" />
Blow the Horns: Bullish Reversal Indications on USDJPY
" alt="Iceberg Ahead: WTI Crude (USOIL) Veering Into Resistance" />
Iceberg Ahead: WTI Crude (USOIL) Veering Into Resistance
" alt="Is it a Bull Trap: S&P 500 Retesting All-Time Highs" />
Is it a Bull Trap: S&P 500 Retesting All-Time Highs
" alt="Break or Bounce: USDSGD Dancing at Weekly Range Lows" />
Break or Bounce: USDSGD Dancing at Weekly Range Lows
" alt="Flash Crash Recovery: Will the S&P 500 Bounce at Market Gap?" />
Flash Crash Recovery: Will the S&P 500 Bounce at Market Gap?
" alt="Netflix to Press ‘Play’ on 4H Bull Flag to See New All-Time Highs" />
Netflix to Press ‘Play’ on 4H Bull Flag to See New All-Time Highs
" alt="Gold Losing Its Shine? 4H, Daily Chart Hints at Exhaustion" />
Gold Losing Its Shine? 4H, Daily Chart Hints at Exhaustion
" alt="Consolidation for Nvidia as Markets Wait For Earnings Report" />
Consolidation for Nvidia as Markets Wait For Earnings Report
" alt="To Cut or Not to Cut: Jerome Powell Speech Will Set Market Tone" />
To Cut or Not to Cut: Jerome Powell Speech Will Set Market Tone
" alt="Crude Awakening: UKOIL and USOIL Could Decline in Coming Weeks" />
Crude Awakening: UKOIL and USOIL Could Decline in Coming Weeks
" alt="Canada Winning? USDCAD Could Fall as DXY Breaks Triangle Lower" />
Canada Winning? USDCAD Could Fall as DXY Breaks Triangle Lower
" alt="Fed Pivot Likely in September, S&P 500 Near Key Resistance" />
Fed Pivot Likely in September, S&P 500 Near Key Resistance
" alt="Market Crash Over or Just the Calm Before the Storm?" />
Market Crash Over or Just the Calm Before the Storm?
" alt="DXY Bearish, S&P 500 and Bitcoin Facing Trouble" />
DXY Bearish, S&P 500 and Bitcoin Facing Trouble
" alt="USDJPY: Nikkei Crash and US Unemployment Causes Panic" />
USDJPY: Nikkei Crash and US Unemployment Causes Panic
" alt="Fed Pivot Speculations Drives Bitcoin Lower. What Gives?" />
Fed Pivot Speculations Drives Bitcoin Lower. What Gives?
" alt="McDonald’s Munches on Growth: A Sideways Step Before the Big Leap?" />
McDonald’s Munches on Growth: A Sideways Step Before the Big Leap?
USD Climbs Ahead of Key JOLTS and Consumer Confidence Reports
" alt="3M Company Soars By 20%, Falling Wedge on Monthly Timeframe" />
3M Company Soars By 20%, Falling Wedge on Monthly Timeframe
" alt="Rate Rumble: BoJ, Fed, and BoE’s Decisions" />
Rate Rumble: BoJ, Fed, and BoE’s Decisions
" alt="Sticky Inflation? U.S. Core PCE Data Expected to Be Higher" />
Sticky Inflation? U.S. Core PCE Data Expected to Be Higher
" alt="Dollar Bearishness Continues: DXY Approaches Channel Resistance" />
Dollar Bearishness Continues: DXY Approaches Channel Resistance
" alt="Gold Analysis (July 22nd, 2024): XAU-ly Ascending in a Channel" />
Gold Analysis (July 22nd, 2024): XAU-ly Ascending in a Channel
" alt="Market Analysis: Crypto Retracement Likely as Bitcoin Gets Rejected" />
Market Analysis: Crypto Retracement Likely as Bitcoin Gets Rejected
" alt="Nike Stock Entering Buy Zone, Oversold on Weekly RSI" />
Nike Stock Entering Buy Zone, Oversold on Weekly RSI
" alt="Triangles Everywhere in The Market With Dovish Fed Speech" />
Triangles Everywhere in The Market With Dovish Fed Speech
" alt="Nasdaq 100 Analysis (July 12th, 2024): ABC After New Highs" />
Nasdaq 100 Analysis (July 12th, 2024): ABC After New Highs
" alt="Dovish Tone in Fed Chair Powell’s Testimony Creates Optimism" />
Dovish Tone in Fed Chair Powell’s Testimony Creates Optimism
" alt="BTC Analysis (July 9th, 2024): Relief After Dip Below $60K?" />
BTC Analysis (July 9th, 2024): Relief After Dip Below $60K?
" alt="CADCHF Analysis (July 5th, 2024): Drop Before Rise Possible" />
CADCHF Analysis (July 5th, 2024): Drop Before Rise Possible
" alt="BTC Analysis (July 4th, 2024): in Danger of Dropping to 52K" />
BTC Analysis (July 4th, 2024): in Danger of Dropping to 52K
" alt="FOMC Meeting and Eurostat Flash Core CPI Estimate Set to Reveal Key Insights" />
FOMC Meeting and Eurostat Flash Core CPI Estimate Set to Reveal Key Insights
" alt="Q3 Forex Forecast: Dollar May Regain Strength Against FX Majors/Minors" />
Q3 Forex Forecast: Dollar May Regain Strength Against FX Majors/Minors
" alt="GBPJPY: Monthly Double Bottom, Trading Inside a Daily Parallel Channel" />
GBPJPY: Monthly Double Bottom, Trading Inside a Daily Parallel Channel
" alt="Nvidia and Nasdaq: Market Recovery or Dead Cat Bounce?" />
Nvidia and Nasdaq: Market Recovery or Dead Cat Bounce?
" alt="Gold 2H Respecting EMA 200 and May Present Range-Trading Opportunities" />
Gold 2H Respecting EMA 200 and May Present Range-Trading Opportunities
" alt="USD Douses GBP: Potentially Heading Lower in Symmetrical Triangle" />
USD Douses GBP: Potentially Heading Lower in Symmetrical Triangle
" alt="Negative Economic News for Eurozone Ruffles the Markets" />
Negative Economic News for Eurozone Ruffles the Markets
" alt="RBA’s Hints of a Rate Hike Could Send AUDUSD Higher" />
RBA’s Hints of a Rate Hike Could Send AUDUSD Higher
" alt="FOMC Dashes Hopes of Multiple Rate Cuts, What’s Next?" />
FOMC Dashes Hopes of Multiple Rate Cuts, What’s Next?
" alt="Federal Reserve’s June Meeting, All Eyes on Rate Cut Forecast" />
Federal Reserve’s June Meeting, All Eyes on Rate Cut Forecast
" alt="Nvidia Stock Split Bearish for Price Based on History" />
Nvidia Stock Split Bearish for Price Based on History
" alt="Analysis on USOIL (WTI) For June 7th, FVG Setup Available" />
Analysis on USOIL (WTI) For June 7th, FVG Setup Available
" alt="EURUSD In Weekly Triangle Pattern with EXY at Weekly Trendline Resistance" />
EURUSD In Weekly Triangle Pattern with EXY at Weekly Trendline Resistance
" alt="DXY Breaking Parallel Channel, High Impact News Week Ahead" />
DXY Breaking Parallel Channel, High Impact News Week Ahead
" alt="All Eyes on U.S Core PCE Today, Gold Could Drop to $2,300" />
All Eyes on U.S Core PCE Today, Gold Could Drop to $2,300
" alt="The DXY and EXY are Crossing Swords on the Weekly Timeframe" />
The DXY and EXY are Crossing Swords on the Weekly Timeframe
" alt="U.S Dollar Could Hold Before Core PCE m/m Data Release on May 31st" />
U.S Dollar Could Hold Before Core PCE m/m Data Release on May 31st
" alt="S&P Pumped to New Highs With Nvidia Earnings Report. What’s Next?" />
S&P Pumped to New Highs With Nvidia Earnings Report. What’s Next?
" alt="Markets Surge in Anticipation of NVDA Earnings" />
Markets Surge in Anticipation of NVDA Earnings
" alt="If DAX Falls to This Level, We Could See A Bounce" />
If DAX Falls to This Level, We Could See A Bounce
" alt="USD Dips, Markets Rally With Bullish U.S. CPI Data. What’s next?" />
USD Dips, Markets Rally With Bullish U.S. CPI Data. What’s next?
" alt="Chart of the Day: Trendline Holds For NZDUSD" />
Chart of the Day: Trendline Holds For NZDUSD
" alt="Chart of the Day: NZDUSD Approaches a Major Trendline Support" />
Chart of the Day: NZDUSD Approaches a Major Trendline Support
Trade Strategies
" alt="Double Bottom Pattern Explained with Examples" />
Double Bottom Pattern Explained with Examples
" alt="Hidden Bearish Divergence Comprehensive Guide" />
Hidden Bearish Divergence Comprehensive Guide
" alt="Hidden Bullish Divergence Comprehensive Guide" />
Hidden Bullish Divergence Comprehensive Guide
" alt="How to Trade Bearish Divergence" />
How to Trade Bearish Divergence
" alt="How to Trade Bullish Divergence" />
How to Trade Bullish Divergence
" alt="Symmetrical Triangle Pattern: A Complete Guide For Traders" />
Symmetrical Triangle Pattern: A Complete Guide For Traders
" alt="Rising Wedge Pattern: Strategies for Savvy Traders" />
Rising Wedge Pattern: Strategies for Savvy Traders
" alt="Falling Wedge Pattern – Strategies for Savvy Traders" />
Falling Wedge Pattern – Strategies for Savvy Traders
" alt="Double Top Pattern Explained With Examples" />
Double Top Pattern Explained With Examples
Guides
" alt="CFD Indices – Buy, Sell and Trade" />
CFD Indices – Buy, Sell and Trade
" alt="Oil CFDs Guide – Buy, Sell and Trade" />
Oil CFDs Guide – Buy, Sell and Trade
" alt="Ethereum CFD Guide – Buy, Sell, and Trade" />
Ethereum CFD Guide – Buy, Sell, and Trade
" alt="Bitcoin CFD Guide – Buy, Sell and Trade" />
Bitcoin CFD Guide – Buy, Sell and Trade
Indicators
" alt="The RSI Divergence Explained " />
The RSI Divergence Explained
" alt="Donchian Channel Explained" />
Donchian Channel Explained
" alt="Keltner Channels and How to Use It" />
Keltner Channels and How to Use It
" alt="Parabolic SAR Comprehensive Trading Guide" />
Parabolic SAR Comprehensive Trading Guide
" alt="Average True Range (ATR) Explained" />
Average True Range (ATR) Explained
" alt="Exponential Moving Average (EMA): Mastering Market Trends" />
Exponential Moving Average (EMA): Mastering Market Trends
" alt="Volume-Weighted Average Price Indicator (VWAP) With Examples" />
Volume-Weighted Average Price Indicator (VWAP) With Examples
Candlesticks
" alt="Gravestone Doji Trading Guide" />
Gravestone Doji Trading Guide
" alt="Bearish Engulfing Candlestick" />
Bearish Engulfing Candlestick
" alt="Dragonfly Doji Trading Guide" />
Dragonfly Doji Trading Guide
" alt="Evening Star Candlestick Pattern: A Trader’s Guide to Spotting Reversals" />
Evening Star Candlestick Pattern: A Trader’s Guide to Spotting Reversals
" alt="Inverted Hammer Candlestick Pattern Explained" />
Inverted Hammer Candlestick Pattern Explained
" alt="Shooting Star Candlestick Pattern Guide" />
Shooting Star Candlestick Pattern Guide
" alt="Hanging Man Candlestick Pattern – How to Use It" />
Hanging Man Candlestick Pattern – How to Use It
" alt="Bullish Engulfing Pattern: A Strategy Guide" />
Bullish Engulfing Pattern: A Strategy Guide