PPI Shock Pushes Bitcoin Higher – Fake Pump Before Drop?Bitcoin ( BINANCE:BTCUSDT ) has been making high momentum Sharpe moves over the last few days , which has made it a little difficult to trade, which is why I am still sticking to my previous analysis , and this analysis is an update of targets and even new entry points .
Bitcoin is currently moving near the Resistance zone($114,720-$113,580) , Reversal Zone(PRZ) , Cumulative Short Liquidation Leverage($114,510-$113,771) , Monthly Pivot Point , and Resistance lines = a set of Resistances
A few minutes ago, the US Core PPI m/m and PPI m/m data were released, which triggered a pump in Bitcoin . In my view, we should wait for Bitcoin to digest this shock and then continue its real trend .
Do you agree with me?
In terms of Elliott Wave theory , it seems that Bitcoin has completed microwave 5 of microwave C of the main wave Y , and we can expect a downtrend .
I expect Bitcoin to drop again to at least $111,600(First Target) .
Second Target: $110,883
Third Target: $110,000 and more dumps.
Stop Loss(SL): $114,923(Worst)
CME Gap: $117,235-$113,800
Cumulative Long Liquidation Leverage: $110,822-$109,752
Note: Be sure to follow capital management and do not take risks.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analysis (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Btcanalysis
BTC Analysis (4H)Honestly, as you know, the market had been ranging for several days without much movement. On the chart, we had signs of a drop, but the drop didn’t happen, and instead the market dropped in a way that was shown.
The key level for Bitcoin is the 117K zone, where we may see a negative reaction. It is expected that Bitcoin will advance toward the red zone for now.
This market is a dangerous one, and it is necessary to avoid unnecessary trades.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Bitcoin’s Heavy Support Zone Under Attack–Will It Finally Break?Bitcoin ( BINANCE:BTCUSDT ) currently appears to have completed its pullback to the 100_EMA(Daily) , and Bitcoin has failed to break the Resistance lines with high momentum. The Resistance zone($110,920-$110,200) , Resistance lines , and Cumulative Short Liquidation Leverage($111,711-$110,745) could prevent Bitcoin from rising.
In terms of Elliott Wave theory , Bitcoin appears to have completed the wave Y of the Double Three Correction(WXY) .
I expect Bitcoin to decline at least to the Support lines and Cumulative Long Liquidation Leverage($107,230-$106,277) . And there is a possibility that Bitcoin will eventually break the Heavy Support zone($111,980-$105,820) in this attack .
Do you think Bitcoin can finally break the Heavy Support zone($111,980-$105,820)?
CME Gap: $117,235-$113,800
Stop Loss(SL): $111,880(Worst)
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin daily chart shows rejection at SMA with supports near 99On the daily timeframe, Bitcoin is showing a clear rejection from the Bollinger Band 20 SMA. This zone is acting as resistance, aligning with the market’s failure to sustain the previous lower high. At the same time, the structure has been printing a series of higher lows, keeping the bullish bias alive for now.
For momentum to shift strongly upward, BTC would need to break above $130,500, which would confirm a new higher high. However, if this does not happen and today’s daily candle closes red, it would signal the formation of another higher low without confirmation of an uptrend. This setup leans toward a bearish outlook in the short term.
Key supports to watch lie between the $99,000 and $96,000 zones, where a temporary bounce could occur. A sustained move below these levels could open the path for deeper downside continuation.
Targets: Short-term focus remains on the $99,000 area as a key support and possible bounce zone.
Bitcoin New Analysis (4H)It seems that Bitcoin’s correction is not yet complete. After a slight upward retracement, the price is expected to drop again and move toward lower levels.
The bearish structure is still well intact.
For now, it’s better to track Bitcoin step by step while also paying attention to nearby support zones.
The expected path for Bitcoin’s next move has been outlined on the chart.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Bitcoin (BTC/USDT) Trade Setup🚀 BINANCE:BTCUSDT Trade Setup 🚀
📉 After a sustained downtrend inside a parallel channel, BTC has finally broken out with bullish momentum. Currently, price is hovering around the 111K zone.
🔑 Key Levels:
Support: Channel retest zone (110K – 109.5K)
Resistance: 113K – 114K
Next Major Target: 116K – 118K 🎯
⚡ Trading Plan:
If BTC successfully retests the channel breakout and flips the resistance into support ✅, we could see a massive upside move (potential Elliott Wave structure forming 🔄).
🔥 Confirmation of strength will come once BTC breaks & sustains above 113K with volume.
This could trigger a huge pump towards Wave 3 & Wave 5 targets 🚀💎
🛡️ Risk Management: Place SL below 109K support to protect against false breakouts.
📈 Summary:
BTC breakout + possible retest = high probability bullish setup 📉➡️📈.
Keep an eye on volume and channel validation before entering.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC Very good bullish pin bar on 4h off of $107,461 support, put bullish engulfing following it. $110,423 resistance being tested, $109,022 support in effect and tested, Bullish engulfing on previous daily close too, time to see if it can follow thru. Decline in volume on last 4h close, weakening climb, we gonna be here for a while, support at $107,461 to watch with resistance remaining at $110,423 and key resistance at $115,753.
Bitcoin at Heavy Support – Will Bulls Defend or Break Below?Bitcoin ( BINANCE:BTCUSDT ) fell as I expected in my previous idea .
The question is, can Bitcoin break the Heavy Support zone($111,980-$105,820) ?
Bitcoin is currently trading in the lower areas of the Heavy Support zone($111,980-$105,820) and near the Support lines and Cumulative Long Liquidation Leverage($107,000-$106,330) .
In terms of Elliott Wave theory , it seems that Bitcoin has completed 5 downwaves at the support lines, and we should expect upward corrective waves . The corrective waves could follow the Expanding Flat(ABC/3-3-5) .
Also, we can see the Regular Divergence(RD+) between Consecutive Valleys.
I expect that if Bitcoin is going to break the Heavy Support zone($111,980-$105,820) , it will attack the Resistance zone($110,920-$110,200) and the Resistance lines first. Do you agree with me!?
Cumulative Short Liquidation Leverage: $110,147-$109,266
CME Gap: $117,235-$113,800
Stop Loss(SL): $105,600(Worst)
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin at Make-or-Break: Will BTC Fill the CME Gap?Bitcoin ( BINANCE:BTCUSDT ) increased to $113,500 as I expected in my previous idea .
Do you think Bitcoin can fill the upper CME Gap($117,235-$113,800) !?
Bitcoin is currently moving near the Resistance zone($114,720-$113,580) , Cumulative Short Liquidation Leverage($115,000-$113,588) , Resistance lines , and Monthly Pivot Point .
In terms of Elliott Wave theory , Bitcoin’s movement over the past 2 days has been in the form of corrective waves and has had low momentum . The corrective wave structure is a Double Three Correction(WXY) .
From a Classic Technical Analysis perspective, Bitcoin appears to be completing a Rising Wedge pattern .
I expect Bitcoin to move towards Cumulative Long Liquidation Leverage($109,500-$108,000) after volatile movements over the next two days .
CME Gap: $112,870-$112,700
CME Gap: $112,155-$111,940
Stop Loss(SL): $115,510(Worst)
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC on $110,423 support, $112,893 current resistance. Bearish engulfing on last 4h close - expect support test if followed thru. Previous Daily close with Bullish engulfing but lack of volume on current with weak buyers show no sign of follow thru, RSI dropping, $109,022 key support from here and then $106,586. $115,753 key resistance from here.
Bitcoin at Heavy Support Zone –Will Bulls Defend $110K or Break?Bitcoin ( BINANCE:BTCUSDT ) rose to $114,400 and even higher, as I expected in my previous idea . Of course, Powell's words also played a significant role in this increase.
Bitcoin has started to decline after the rebound and is currently trading at a Heavy Support zone($111,980-$105,820) near the Potential Reversal Zone(PRZ) , Cumulative Long Liquidation Leverage($110,157-$109,000) , 100_EMA(Daily) , and Support lines .
The question is whether Bitcoin will manage to break the Heavy Support zone($111,980-$105,820) or will it start to rise again. What do you think?
In terms of Elliott Wave theory , Bitcoin appears to be completing microwave 5 of the downtrend waves the past two days . Microwave 5 could be completed at Potential Reversal Zone(PRZ) and Cumulative Long Liquidation Leverage($110,157-$109,000) .
Also, we can see the Regular Divergence(RD+) between Consecutive Valleys.
I expect Bitcoin to rise to at least $113,500 after entering the Potential Reversal Zone(PRZ) or hitting the Support lines . Market conditions may get a little emotional with the US market opening , so please observe money management.
Second Target: $114,517
Cumulative Long Liquidation Leverage: $108,000-$106,747 =Important
Cumulative Short Liquidation Leverage: $114,246-$113,326
Cumulative Short Liquidation Leverage: $117,939-$115,500
CME Gap: $117,235-$113,800
Stop Loss(SL): $108,670 /If your long position trigger was near the lower lines of the descending channel, it could be =Stop Loss(SL)=$106,417
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BTC AI Prediction Dashboard - 6h Price Path (28.08.25)
Prediction made using Crypticorn AI Prediction Dashboard
Link in bio
BTCUSDT Forecast:
Crypticorn AI Prediction Dashboard Projects 6h Price Path (Forward-Only)
Forecast timestamp: ~09:30 UTC
Timeframe: 15m
Prediction horizon: 6 hours
Model output:
Central estimate (blue line): -113,033
Represents the AI’s best estimate of BTC’s near-term price direction.
80% confidence band (light blue): 112,923 – 113,508
The light blue zone marks the 80% confidence range — the most likely area for price to close
40% confidence band (dark blue): 112,487 – 114,091
The dark blue zone shows the narrower 40% confidence range, where price is expected to stay with higher concentration
Volume on signal bar: 86.97
This chart shows a short-term Bitcoin price forecast using AI-generated confidence zones.
Candlesticks reflect actual BTC/USDT price action in 15-minute intervals.
This helps visualize expected volatility and potential price zones in the short term.
Technical Analysis for BTC/USDTBased on mathematical and statistical models, along with Fibonacci retracement levels and moving averages, Bitcoin is currently trading near the $113,000 area. The recent bullish momentum has pushed the price upward, but the market now faces key pivot levels that will determine the next move.
🔹 Key Resistance Levels
$114,047.7: The first major resistance. A clear breakout above this level could fuel further bullish momentum. 🚀
$114,995.1: A critical resistance both technically and psychologically. Surpassing this level would likely open the way towards $115,800 – $116,000, confirming the strength of the current uptrend.
🔹 Major Support Levels
$108,829: A crucial support zone. If broken, short-term market sentiment may shift from bullish to neutral. 🛡️
$108,349: A stronger support level. A breakdown here could trigger a move toward $107,000 or even lower.
📈 Indicator Insights
The RSI is hovering near 66, suggesting the market is gradually entering overbought territory. This highlights the importance of the resistance zones, where profit-taking could occur.
The 20 & 50 EMA lines are showing a bullish crossover, supporting upward momentum as long as support levels hold.
🟢 Bullish Scenario
If the price breaks above $114,047.7 and then $114,995.1, Bitcoin could quickly advance toward $115,800 – $116,000 in the short term.
🔴 Bearish Scenario
Failure to sustain above $113,000 could lead to a pullback, with $108,829 as the first line of defense, followed by the stronger support at $108,349. A breakdown below this zone would turn the short-term outlook bearish.
✅ Conclusion
Bitcoin is at a decisive point: strong resistance lies between $114K – $115K, while robust supports are clustered near $108K. A breakout or breakdown from these levels will set the tone for the next major move. Until then, risk management remains essential. ⚖️
BTC ANALYSIS (4H)According to the previous analysis, Bitcoin had a significant drop. After the drop, it reached a support zone. It is now approaching a supply area, where we expect a rejection and the continuation of the bearish trend.
On the chart, an important trendline has been broken, and we also have a bearish CH.
Let’s wait and see how the reaction to the red zone will unfold.
A daily candle close above the invalidation level would nullify this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
The Power of Mathematics & Statistics in BTC/USDT PredictionWhen comparing the previous analysis with the latest chart, we can clearly see how mathematical and statistical models helped anticipate Bitcoin’s movements with remarkable accuracy using Fibonacci retracements.
🔹 In the earlier analysis, we highlighted the 61.8% level at $111,743 as a decisive pivot. The new chart shows that the price indeed rallied into this zone, even pushing slightly higher towards the 78.6% level at $112,669 before facing strong selling pressure. This demonstrates the precision of mathematical models in mapping potential turning points before they happen. 📈
🔹 Support levels projected previously — such as $110,442 and $109,637 — remain intact as strong defensive zones, perfectly aligned with historical rebound areas.
⚖️ The Comparison
Mathematics and statistics are not just theoretical tools; they provide a real-time roadmap for traders:
Upside: Price climbed to the 78.6% Fibonacci extension as projected. 🚀
Downside: Key supports held firm, validating the statistical forecasts. 🛡️
🔍 Momentum indicators (RSI) also confirmed this move: rising from the neutral 52–54 range in the earlier chart to above 62 in the latest one, reinforcing the bullish swing towards mathematically calculated targets.
✅ Conclusion
From one chart to the next, it becomes clear: mathematical and statistical models are not only explanatory but predictive. Fibonacci levels acted as precise guideposts, allowing us to foresee both potential highs and lows. Their reflection on actual market action proves the strength of these models — a must-have tool for any professional trader seeking accuracy and confidence. 💡📊
TheKing Ways Up- Some Traders are still waiting for lower prices.
- But to go lower BTC must first go higher.
- TheKing is in transition phase : " Bearish to Bullish ".
- Some retracements have to happen on the way up.
- Some Fuds have to happen on the way up to create those retracements.
- Today CPI results could impact a bit the trend ( Stocks + Cryptos ).
- Notice on the Graph MA50/MA20 (4D) will cross up soon
- Those MAs will create some new support zones.
- This Graph is just based on comparison between 2018-2020 // 2020-2022 and an eventual " Story Repeat ".
- Covid19 Black Swan included.
- Just follow the Circles and keep it simple.
Happy Tr4Ding !
BTC AI Prediction Dashboard - 6h Price Path (27.08.25)
Prediction made using Crypticorn AI Prediction Dashboard
Link in bio
BTCUSDT Forecast:
Crypticorn AI Prediction Dashboard Projects 6h Price Path (Forward-Only)
Forecast timestamp: ~08:30 UTC
Timeframe: 15m
Prediction horizon: 6 hours
Model output:
Central estimate (blue line): -110,584
Represents the AI’s best estimate of BTC’s near-term price direction.
80% confidence band (light blue): 110,400 – 110,919
The light blue zone marks the 80% confidence range — the most likely area for price to close
40% confidence band (dark blue): 109,979 – 111,605
The dark blue zone shows the narrower 40% confidence range, where price is expected to stay with higher concentration
Volume on signal bar: 121.81
This chart shows a short-term Bitcoin price forecast using AI-generated confidence zones.
Candlesticks reflect actual BTC/USDT price action in 15-minute intervals.
This helps visualize expected volatility and potential price zones in the short term.
Bearish BTC is coming; Candle confirmation at 110k is neededAfter falling below 110k, I believe BTC is going to have the ''Last Kiss'' scenario to confirm its bearish momentum. While it has come up again towards 110k, I believe it's going to confirm the bearish scenario and goes for 107k, 105k and 103k in a short period. But for a long overview, 95k is probable.
Bitcoin Price Action: Double Top vs. Monthly Flip ZoneHello guys!
Bitcoin’s chart is getting really interesting right now.
First off, BTC recently put in a double top up around the $124K area. Classic bearish signal. Once it lost the neckline, it confirmed the pattern, and at the same time, it broke down out of its rising channel. That’s two bearish signals stacking up.
But here’s the twist... right now, price is sitting right on top of a monthly Flip zone (that pink area on the chart). This level used to be heavy resistance for a long time, and now it’s trying to act as support.
So basically, we’ve got a kind of bottle-neck situation:
- On one side, the double top breakdown is pointing lower.
- On the other side, the monthly Flip is saying “not so fast.”
Personally, I think the Flip zone might carry more weight. When a level holds this strong on the higher timeframe (monthly), it often overrides short-term bearish structures.
If BTC respects this pink zone, we could see another bounce and maybe even invalidate the double top’s bearish follow-through. But if it breaks clean below, then the double top plays out fully and things could get uglier.
For now, this zone is the battlefield.
▒₿▒ Distribution Top - Anatomy of a Bitcoin Cycle Top ▒₿▒COINBASE:BTCUSD
I've identified key price action indications that we have "topped" with an ATH for this Bull Market Cycle. There is a much deeper analysis that needs to be done here.
While this price action is the first major clue, to confirm a true distribution top, we'll also need to analyze volume profiles for institutional selling, spot bearish divergences in key momentum oscillators, and watch on-chain metrics for any signs of whale or miner selling pressure.
Every Bitcoin cycle has a story, and the final chapter is always the most dramatic. I've been analyzing the price action at every major cycle peak, and there's a recurring pattern that acts like a final warning before the curtain falls. It’s not the explosive top itself, but the messy, indecisive period that follows: the Distribution Top .
This isn't just a pattern; it's the visual footprint of a massive transfer of wealth. It’s the moment when the cycle's early investors (smart money) begin to distribute their holdings to the late, euphoric buyers.
Look at the price action from the November 2021 ATH top. After the euphoric peak, the clean, powerful uptrend dies. It's replaced by a volatile, sideways "wiggle." The Heikin Ashi candles lose their bodies, showing long wicks on both sides. This is the signature of market conflict and exhaustion.
Cycle Tops vs. Local Highs: A Crucial Distinction
It's important to understand that this "wiggle" is unique to major, euphoric ATH cycle tops. Other tops, like the one from August 2021 shown below, have a much different character. Notice how the rejection is sharper, faster, and lacks the prolonged, grinding "wiggle." This is often a rejection from a known resistance level, not the slow, painful end of cycle-wide euphoria.
The "Distribution Top" is a process. It’s designed to churn, create confusion, and trap breakout traders before the real move down begins. It’s the market grinding at the highs, absorbing the last wave of FOMO. We saw this exact anatomy play out in the April 2021 top as well.
The Key Takeaway for Bitcoin Investors:
Recognizing this specific pattern is crucial for capital preservation. When you see this shift from clean momentum to choppy, indecisive grinding near an all-time high , it's a signal that the market character has changed. The risk is no longer to the upside; it's to the downside.
While this price action is the first major clue, to confirm a true distribution top, we'll also need to analyze key trend lines, candlestick patterns, seasonality, volume profiles for institutional selling, and watch on-chain metrics for any signs of whale or miner selling pressure.
Now, take a look at the most recent price action. We are seeing the early stages of this very same pattern developing after a new high.
The question every Bitcoin holder should be asking is: Is this history rhyming once again?
As I mentioned at the start of this post, there are much more metrics to analyze here, so I'll be updating this post with further findings.
DISCLAIMER
I AM NOT A FINACIAL ADVISOR, NOR AM I YOURS. THIS IS NOT FINANCIAL ADVICE. MEARLY DOODLINGS ON A MATHMATICALLY DRIVEN GRAPHICAL INTERFACE, TRACKING AN INVISIBLE 256BIT MILITARY-GRADE ENCRYPTED ASSET. . . FOR ENTERTAINMENT/AMUSEMENT PUROSES ONLY. ENJOY!
Looking to hear your thoughts on this @TradingView @Profit_Through_Patience @David_Perk @ProjectSyndicate @Xanrox_ @HAMED_AZ @melikatrader94
Why BITCOIN Looks Bearish ? (1D)Let’s break down why Bitcoin looks bearish:
1. A key support line has been lost.
2. Price is sitting on a key level. If this level breaks, bears will take control, and there won’t be any strong support until the green “flip zone” below. Once this key level is lost, it will flip into resistance.
3. The flip zone is still untested. When there’s an untested flip level, the market usually gravitates toward it after creating triggers in multi-timeframes.
4. From the point where we placed the green arrow on the chart, a bullish phase started. That bullish phase (WXY structure) has now completed.
5. The best area for a trend reversal and opening sell/short positions is the red zone.
On the way down, set intermediate targets for yourself, secure profits, and trail your stop-loss to lower levels.
This outlook will only be invalidated if a daily candle closes above the invalidation level.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Bitcoin 4H Chart | Trend is My Best Friend – Smart Money Points Bitcoin 4H Chart | Trend is My Best Friend – Smart Money Points to 119K 🚀🔥”
Market Structure
The price recently rejected the key resistance zone (120,000 – 123,000 USD), which acted as a strong supply area.
After the rejection, BTC experienced a sharp decline forming lower highs and lower lows, indicating short-term bearish momentum.
Multiple Break of Structure (BOS) levels confirm bearish pressure, but the price is now approaching a significant demand zone.
2. Liquidity & Demand Zones
A clear liquidity sweep occurred near the 123,000 zone, where buyers were trapped before the drop.
The Demand Zone and Bullish Order Block (OB) around 112,000 – 114,000 USD serve as the primary area of interest for institutional buying.
This zone overlaps with previous support, strengthening its validity as a high-probability reversal point.
3. Entry & Targets
Entry Zone: Highlighted between 114,000 – 115,500 USD, where demand is expected to absorb sell orders.
First Target: 119,000 USD – this aligns with the chart’s projection and acts as a liquidity grab zone before further moves.
Second Target: If bullish momentum sustains, BTC may retest the 120,000 – 123,000 resistance range.
4. Risk Factors
If BTC breaks below 112,000 USD, the demand zone will be invalidated, potentially opening downside continuation toward 110,000 USD.
Strong rejection at 119,000 USD could also bring sellers back into control.
📌 Conclusion
BTC is currently in a bullish accumulation phase after a heavy correction. Price is sitting at a high-probability demand zone where institutional buying interest is expected. The next impulsive move is projected toward 119,000 USD, with potential continuation toward 120,000 – 123,000 USD, but rejection at resistance remains a risk.
Bitcoin Is Still Bearish (4H)This analysis is an update of the analysis you see in the "Related publications" section
As we mentioned in the previous analysis, Bitcoin remains bearish, and our view has not changed.
We had considered two scenarios for Bitcoin, and both were bearish
Nothing has changed now either | from the current price or slightly higher, Bitcoin may see a serious correction. If the 103k zone is broken to the downside, Bitcoin’s price could correct down to the 93k area or even 86k.
Remember: when good news is released but the price cannot rally and make higher highs, the trend is bearish. It means market giants are selling to buy back at lower levels.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You