Get started

Btcusdsell

BTC recovers before interest rate announcementBitcoin (BTC/USD) – Daily Chart Analysis Bitcoin is currently trading around the 114K–115K zone after rebounding from the ascending support trendline near 108K. This reaction confirms that buyers are still defending the broader bullish structure, but significant resistance lies ahead. Key Observations: Resistance Zone (117K–118K): This area has acted as a strong supply zone in the past, where price was previously rejected twice (marked by red arrows). It also aligns with the EMA 89 and volume cluster, making it a critical barrier for bulls. Support Zone (108K–102K): The lower trendline and horizontal support near 102K–104K remain vital for the long-term bullish structure. A break below this region would open the door for deeper correction toward 100K. EMA Confluence: The short-term moving averages (EMA 34 and 89) are attempting to turn upward, suggesting early signs of recovery—but confirmation requires a daily close above 118K. Possible Scenarios: Bullish Case: If BTC successfully breaks and closes above 118K, momentum could accelerate toward 127K–128K, where the upper trendline and major resistance coincide. Bearish Case: If price faces rejection at the 117K–118K zone, a retest of 108K, or even 102K, is likely before the next major move. Outlook: Bitcoin remains in a neutral-to-bullish phase short term, but traders should closely monitor the 117K–118K resistance for potential rejection or breakout confirmation.
Short
by Nova-Scalper
2
Today's Bitcoin Trading StrategyThe "extremely imbalanced" futures long-short structure: According to Coinglass data, the ratio of long and short positions in perpetual contracts has risen to 1.8:1, reaching a new high in the past three months. Moreover, the position volume has surged by 12% in a single day to 4.8 billion US dollars - in this "overcrowded" state of long positions, if a liquidation wave is triggered, the price is prone to cause a chain of declines. More importantly, the volume and position volume show a "volume decline and position increase" characteristic, indicating that the current rise is not driven by new long positions entering the market, but rather caused by the passive reduction of short positions by the bears. The risk of a reversal is extremely high. Today's Bitcoin Trading Strategy BTC @ sell115000-115500 tp:113000-113500 sl:116500
BITSTAMP:BTCUSDShort
by Ryan_Lewis1
1
BTC: The overall trend remains oscillating upwardThe BTC is staying in the middle of the "support-resistance" range, with intense long-short competition, the overall trend remains oscillating upward From a technical pattern perspective, the short-term support lies between 109,000 and 108,000. There have been multiple rebounds after stabilizing in this support range, indicating relatively strong buying support below. The resistance level at 113,000, as a previous pressure level, could open a new upward space toward 115,000 if it is broken with volume. Considering the macroeconomic factors, if market risk appetite rises, Bitcoin is expected to test the resistance level upward based on the support range. If risk aversion heats up, we need to be vigilant about the risk of a pullback to test the support. 💎Trading Strategy： Buy 110,000 - 110,500 SL 109,500 TP 111,000 - 111,500 - 112,000 Sell 112,000 - 111,500 SL 111,000 TP 110,500 - 110,000 - 109,500 Daily-updated accurate signals are at your disposal. If you run into any problems while trading, these signals serve as a reliable reference—don’t hesitate to use them! I truly hope they bring you significant assistance
BITSTAMP:BTCUSDLong
by Clarke_analysis
BTC: Correct prediction today👏Our prediction for Bitcoin's short-term fluctuation characteristics has also been accurately validated today. ✔We indicated that it would fluctuate around the key range in the short term, and in reality, Bitcoin has shown obvious wide-ranging fluctuations today, which is in complete alignment with the preset oscillation pattern. ✔Meanwhile, the market's competition for key levels has also confirmed our judgment:after testing the high level, the price gradually pulled back and then rebounded, highlighting the suppressing effect of the upper resistance. Moreover, the "V-shaped" rebound trend during the session has further verified the effectiveness of the short-term support range, which is highly consistent with our core prediction logic that Bitcoin is in a "shock adjustment phase, with price movements dominated by key levels".
BITSTAMP:BTCUSDLong
by Clarke_analysis
BTC:Oscillating upward📈The BTC price shows an oscillating upward trend, with the low points gradually rising. However, trading volume has slowed down, indicating a strong wait-and-see sentiment in the market. 📝On the daily chart, after a sharp decline on the 22nd, the rebound momentum on the 23rd was weak, and the market is still in a consolidation phase overall. It is necessary to pay attention to whether it can break through the key moving averages. 💡From the perspective of moving averages, the value of MA10 is greater than that of MA30, indicating a certain upward tendency in the short-term trend. 🎉The intraday support range for BTC is around 105,500–106,000, and the intraday resistance range remains around 111,000–111,500. 💎Trading Strategy： Buy 107,500 - 108,000 SL 106,500 TP 109,000 - 110,500 - 111,000 Sell 110,000 - 110,500 SL 111,000 TP 109,500 - 108,500 - 107,500 Daily-updated accurate signals are at your disposal. If you run into any problems while trading, these signals serve as a reliable reference—don’t hesitate to use them! I truly hope they bring you significant assistance
BITSTAMP:BTCUSDLong
by Clarke_analysis
BTC: Shows an obvious volatile trendToday, BTC’s situation is relatively complex, with intertwined bullish and bearish factors, showing a volatile trend. Price Movement: There has been sharp volatility, with rapid rises and falls. From the hourly chart, the price surged to around 114,000 last night, followed by a significant pullback from the highs, retesting the key support level around 107,500. Influencing Factors: News: The Federal Reserve held a meeting with payment companies to facilitate better institutional access to the stablecoin sector. This news triggered a short-term surge in Bitcoin prices. However, subsequent remarks by Trump proposing a 155% tariff led to a price decline. The uncertainty in news has had a significant impact on the market. Market Sentiment: The fear index stands at 25, indicating a tendency toward panic in market sentiment. Additionally, the large traders’ long-short ratio shows a slight dominance of bears at 52.34%, reflecting relatively stronger short-term bearish momentum in the market. Capital Flow: U.S. Bitcoin ETFs have seen net inflows exceeding $3.6 billion this month, the highest since January. Institutions like BlackRock continue to increase their holdings, forming bottom buying support for prices. However, the total open interest across the network has reached $48 billion, highlighting high leverage risks. A sharp price fluctuation could trigger massive contract liquidations, exacerbating market volatility. Technical Analysis: On the hourly timeframe, the MACD has re-formed a death cross pointing downward. Although the blue bars have shortened and started to turn red, indicating a partial shift in short-term momentum, bears still hold the overall advantage. The upper resistance level is around $111,000, and the lower support level is around $107,500. A break below this key support could lead to further downside. Trading Strategy: Focus on range-bound trading. Avoid taking positions at mid-range levels, exercise caution in chasing trends, and patiently wait for key levels to enter trades. Buy 107,500 - 108,500 SL 106,500 TP 109,500 - 110,500 - 111,500 Sell 111,000 - 110,500 SL 112,000 TP 109,500 - 108,500 - 107,500 Daily-updated accurate signals are at your disposal. If you run into any problems while trading, these signals serve as a reliable reference—don’t hesitate to use them! I truly hope they bring you significant assistance
BITSTAMP:BTCUSDLong
by Clarke_analysis
BTC:Continuing to pull back📈Looking at the 4-hour candlestick chart, Bitcoin continued to pull back and decline today. The short-term support level remains in the 107,000-107,500 range, which has provided support multiple times during previous downward movements. If the price breaks below this range, it may further drop to around 105,000. The resistance level is in the 112,000-113,000 range; a breakthrough here is expected to open up more upward space. 📝In the long term, after Bitcoin's fourth halving in April 2024, its daily production dropped from 900 to 450 coins, with the inflation rate falling below 1% for the first time. This has further strengthened its scarcity. Combined with the surge in institutional demand, the supply-demand gap is expected to widen, supporting a long-term upward price trend. 💡However, in the short term, the contradiction between continuous institutional inflows and profit-taking by short-term holders may lead to certain price fluctuations. 💎Trading Strategy: Buy 107,000 - 107,500 SL 106,500 TP 108,000 - 109,000 - 110,000 Sell 111,500 - 111,000 SL 112,000 TP 110,000 - 109,000 - 108,000 Daily-updated accurate signals are at your disposal. If you run into any problems while trading, these signals serve as a reliable reference—don’t hesitate to use them! I truly hope they bring you significant assistance
BITSTAMP:BTCUSDLong
by Clarke_analysis
Correct projection for BTCThe core conclusions of my analysis on Bitcoin today have all been verified by market trends, which can be summarized in three aspects: trend prediction, key level control, and trend logic: 1-Consistency with short-term trends: It was pointed out that "the 4-hour chart continues to pull back, with short-term support in the 107,000-107,500 range". Intraday BTC has continued to fluctuate around this support zone without breaking below the key level, and it was also noted that the resistance level is around 113,000，a breakthrough here is expected to open up more upward space. Today's fluctuations are completely in line with expectations. 2-Support from long-term logic: The long-term upward logic of "strengthened scarcity and expanded institutional demand after the 2024 halving" was reaffirmed. Although short-term fluctuations were affected by profit-taking, it has not deviated from the long-term positive framework. 3-We accurately captured "the restrictive effect of support and resistance levels on prices", with no deviations in judgments on "short-term fluctuation rhythm and long-term trend direction", effectively providing clear range and direction references for trading operations.
BITSTAMP:BTCUSDLong
by Clarke_analysis
BTC holds firmly above 110,000Today, BTC exhibited a trend of first declining and then rising. At the opening, Bitcoin once dipped to 107,466, but subsequently, bulls began to gain momentum, driving the price to recover gradually. It successfully broke through the 110,000 mark and continued to rise. From the perspective of market sentiment, the Fear & Greed Index is in the "Greed" zone, with the current index standing at 70. This indicates that despite short-term price fluctuations, the market remains optimistic about the overall trend. Such sentiment helps sustain the current consolidation and may provide momentum for a subsequent rally. In terms of capital flows, on-chain data shows that although the overall capital flow is relatively complex, whales have recorded a significant net inflow in the latest cycle. Their inflow volume reached 207 million BTC, far exceeding the outflow volume of 160 million BTC. This strong buying power is the core driving force behind Bitcoin's ability to gain support at high levels and continue its upward trajectory. Short-term trend forecast: In the short term, BTC is likely to consolidate around 110,000. Attention should be paid to the resistance level near 112,000–113,000 on the upside and the support level near 107,500-107,000 on the downside. If it can break through the upper resistance, the price may surge toward the 115,000–118,000 range; if it falls below the lower support, it may drop to 105,000 or even lower. Trading Strategy: Buy 108000 - 109000 SL 107000 TP 110000 - 111000 - 112000 Sell 112000 - 111000 SL 113000 TP 110000 - 109000 - 108000 Daily-updated accurate signals are at your disposal. If you run into any problems while trading, these signals serve as a reliable reference—don’t hesitate to use them! I truly hope they bring you significant assistance
BITSTAMP:BTCUSDLong
by Clarke_analysis
BTC: Continuing to fluctuate between 106,000 and 107,500Today, BTC continues to trade within a narrow range and has repeatedly encountered resistance at the key level of 107,500. This level can be regarded as the bull-bear divide. If the price can break above this level and stabilize, a small rebound is expected, with subsequent target levels around 109,800 and 111,000. On the downside, we will focus on the support level around 106,000. If the price is suppressed from above and falls below this support level, it may continue to decline. Buy 106000 - 106500 SL 105500 TP 107000- 107500 Sell 107500 - 108000 TP 109000 TP 106500 - 106000 Daily-updated accurate signals are at your disposal. If you run into any problems while trading, these signals serve as a reliable reference—don’t hesitate to use them! I truly hope they bring you significant assistance
BITSTAMP:BTCUSDShort
by Clarke_analysis
BTC Performance Recap for the week🎉This week, BTC generally exhibited intense volatility, following a trajectory of "continuing the previous uptrend first, then oscillating downward, and finally rebounding after touching support". 📝Monday: Continuing the Uptrend and Breaking Key Levels Building on the upward momentum from the previous weekend, Bitcoin’s price smoothly broke through the key psychological level of 115,000 and did not stop there—it continued to climb to around 116,000, setting a stage of interim highs for the week’s trend. 📝Tuesday to Thursday: Oscillating Downward and Losing Key Support The uptrend failed to sustain. Starting from Tuesday, Bitcoin entered a phase of oscillating decline; its price gradually pulled back and broke below the short-term key support level of 110,000 in the process. Downward pressure continued to release, and the weak sentiment persisted all the way to Friday. 📝Friday: Bottoming Out, Rebounding on Support, and Consolidating in a Narrow Range On Friday, when the price further dipped to just above 103,000, it received strong support at this level and staged a rebound, easing the previous downward momentum. However, the rebound lacked strength and failed to retake the 110,000 level. 📝As of now, it remains fluctuating in a narrow range between 106,000 and 107,600. 💡It was mainly influenced by a combination of factors including macroeconomic policies, market sentiment, and technical indicators. The details are as follows: 💎Reasons for the Early Rally 1-Impact of Expectations for Fed Interest Rate Cuts The Federal Reserve (Fed) launched an interest rate cut cycle in September 2025. The market expects two consecutive rate cuts in October and December, and the anticipated decline in both nominal and real interest rates has increased the appeal of Bitcoin as a non-interest-bearing asset. This attracted inflows of some funds, driving up its price. 2-Support from Sovereign Nations’ Strategic Reserves The Trump administration established the U.S. Strategic Bitcoin Reserve, incorporating Bitcoin into the national economic asset framework—a move that triggered emulation by many countries. The number of listed companies holding Bitcoin globally has increased significantly, with a total of large Bitcoin holdings. This "digital gold" positioning has significantly boosted Bitcoin’s weight in global asset allocation, pushing its price higher. 3-Impact of Historical Cyclical Patterns Over the past decade, Bitcoin has achieved an average return rate of over 22% in the month of October. In October this year, the balance of the U.S. Treasury General Account is approaching the $850 billion target, and expectations of funds flowing back into the market have also provided support for Bitcoin’s price. 💎Reasons for the Late Decline 1-Panic Triggered by Trade Policies On October 10, U.S. President Trump threatened to impose a 100% tariff on Chinese goods, sparking market concerns about an escalation of the global trade war. Investors’ risk appetite declined, and funds flowed out of risky assets such as Bitcoin, leading to a price drop. 2-Substitution Effect of Gold Gold prices have recently climbed to a record high above $4,300, with a cumulative increase of 18% in the past month. Due to gold’s strong momentum and lower volatility, funds have clearly favored gold more. Some investors shifted from Bitcoin to gold, suppressing Bitcoin’s price. 3-Sell-Off Triggered by Technical Breakdown Bitcoin fell below the 2025 "realized price" level—a key technical indicator that tracks the average withdrawal price of all wallets. Sustained trading below this level triggered further sell-offs by holders seeking to limit losses. Additionally, after Bitcoin broke below the key support level of $111,000, automated trading systems and stop-loss orders were triggered, intensifying selling pressure. 4-Cascading Margin Calls Driven by High Leverage Bitcoin’s price decline led to nearly 300,000 margin calls in the cryptocurrency market, with a total liquidation value of $1.221 billion. A large number of leveraged long positions accumulated earlier were forced to close out amid the price drop, forming a vicious cycle of "decline → margin call → further decline" and amplifying downward pressure on the price.
BITSTAMP:BTCUSDShort
by Clarke_analysis
BTC: Today's predictions and operations have been verified👏Today, our predictions for BTC have been verified by the market. ✔1-Judgment on Short-Term Market Nature: After Bitcoin experienced a sudden sharp surge at the opening, we accurately judged that "this surge was a short-term fluctuation lacking sustained support". Subsequently, the price fluctuated downward rapidly and fell back to the oscillating range, which fully validated the judgment that "it was not a trend reversal". ✔2-Trend Direction Prediction: We clearly proposed the downward target level of 103,000. After Bitcoin dropped to just above 103,000 and then rebounded, this fully confirmed our judgment. 🎉Today, we have successfully concluded this week’s trading and work. Next week, we will continue to provide you with more accurate market interpretations and operation references from a professional analytical perspective. Finally, we wish you all a relaxing and pleasant weekend in advance!
BITSTAMP:BTCUSDShort
by Clarke_analysis
BTC: The next downside target looking at 103,000The price of BTC continued to decline today. The previous key support level of 109,500 was broken, and the moving average system was also in a bearish arrangement, exerting pressure on the price. In terms of technical indicators, according to relevant analysis, Bitcoin's MACD indicator showed a bearish signal. Although the RSI indicator was in a neutral area, the price was lower than both the short - term and long - term moving averages, and the trading volume significantly shrank, indicating insufficient market momentum, an unhealthy price - volume relationship, and weak reversal signs. In addition, from the perspective of the 4 - hour K - line, the MACD histogram remained negative but gradually became shorter, indicating that the strength of the bulls was increasing, but the KDJ indicator had no golden cross or death cross, remaining neutral overall. In terms of market sentiment, the continuous weakness of Bitcoin made the market sentiment more cautious, and the confidence of the bulls was somewhat damaged. If Bitcoin cannot regain 110,000 in the short term, the price may continue to fall, and the next target may be around 103,000. Sell 107000 - 106000 SL 108000 TP 105000 - 104000 Daily-updated accurate signals are at your disposal. If you run into any problems while trading, these signals serve as a reliable reference—don’t hesitate to use them! I truly hope they bring you significant assistance
BITSTAMP:BTCUSDShort
by Clarke_analysis
BTC: Waiting for a trading opportunity📝Federal Reserve Chairman Jerome Powell has sent a dovish signal, indicating that the balance sheet reduction may end in the next few months. This has, to a certain extent, alleviated market concerns about the escalation of the China-U.S. trade war and provided a positive boost to the cryptocurrency market. 📝However, U.S. President Trump stated that Washington is considering terminating some of its trade ties with China. Persistent trade tensions have brought a certain degree of uncertainty to the market. 📈Bitcoin has fluctuated within a narrow range today, with no clear trend. We need to wait for a suitable trading opportunity and avoid losses caused by blind trading.
BITSTAMP:BTCUSDShort
by Clarke_analysis
BTC aligns with my forecast📝BTC continued to decline today but encountered support above the $110,000 level and staged a slight rebound. We reminded traders to take profits in a timely manner around the $110,200 mark and urged them not to blindly chase the downward move. We also advised that if the price continued to drop to around $110,000, traders could consider entering small-position long trades, but they must set stop-losses properly. 💎Subsequently, Bitcoin’s trend fully aligned with our forecast—it rebounded and rose from around $110,200. For those traders who just established long positions following our advice, they can now also choose to take profits and avoid blindly chasing the upside to prevent losses.
BITSTAMP:BTCUSDShort
by Clarke_analysis
BTC: The downward momentum is strongBTC has seen significant price volatility today. After hitting a high, it encountered heavy selling pressure, leading to a sharp pullback. From the candlestick chart, Bitcoin’s price and the previous high have together formed a potential "M-top"pattern—a classic bearish reversal signal. The market’s short-term trend has shifted from bullish to bearish, with strong downward momentum. Additionally, the price is trading below all short-term moving averages, further indicating a weak market structure. In the short term, BTC’s downward trend is clear and market sentiment remains cautious. Short-term investors are advised to stay on the sidelines for now and avoid blindly bottom-fishing. If the price continues to drop to around the 110,000 level, a small-position long entry could be considered, but a stop-loss must be set properly—for example, if the price breaks below 109,000, investors should exit promptly to limit losses. Despite the significant short-term price fluctuations, Bitcoin’s long-term fundamentals have not undergone any fundamental changes. Weekly and monthly capital flows still show net inflows. Long-term investors can continue to hold their existing positions and do not need to trade frequently due to short-term volatility. Sell 113000 - 113500 TP 112500 - 112000 SL 113800 Daily-updated accurate signals are at your disposal. If you run into any problems while trading, these signals serve as a reliable reference—don’t hesitate to use them! I truly hope they bring you significant assistance
BITSTAMP:BTCUSDShort
by Clarke_analysis
BTC: rebound on shrinking volume📈Today, BTC exhibits the characteristic of a "rebound on shrinking volume," and this trend continues yesterday’s recovery movement. After experiencing the extreme volatility of last week’s sharp decline, the market is now entering a phase of rebalancing between bullish and bearish forces. 💎If the U.S. government shutdown crisis persists or Sino-U.S. trade frictions escalate further, it may trigger another round of safe-haven capital outflows. 📝Currently, open interest remains at a historic high; if the price breaks above the key level of 116,000 or falls below 110,000, it could lead to a new wave of leveraged position liquidations. 💡Based on the bull-bear game pattern, a range trading strategy can be adopted. Since the current volatility is still at a high level, it is recommended that the leverage ratio does not exceed 2x, and heavy-position trading should be avoided before the key range breaks out. @Buy 114000 - 114800 TP 115000 - 116000 SL 113200 @Sell 116000 - 116500 TP 115000 - 114000 SL 117000 Daily-updated accurate signals are at your disposal. If you run into any problems while trading, these signals serve as a reliable reference—don’t hesitate to use them! I truly hope they bring you significant assistance
BITSTAMP:BTCUSDLong
by Clarke_analysis
BTC:Performance Recap for the weekThis week, the Bitcoin market witnessed an extreme price movement characterized by "a frenzy-driven rally – panic-induced volatility – a cliff-like crash", with a weekly volatility of 21.3%, marking the most drastic fluctuation record since 2025. Market sentiment oscillated repeatedly between greed and fear, and the trend can be specifically divided into three phases: Monday: A momentum-driven rally to a phased peak Tuesday to Wednesday: The first pullback after hitting a new high Thursday to Friday: A black swan event triggering a crash-like decline We judge that the 103,000 level (this week’s low) and the psychological threshold of 110,000 serve as crucial short-term support levels. If the price breaks below 100,000, a deeper correction may be triggered. The Federal Reserve’s October interest rate decision, the progress of the U.S. government shutdown, and the follow-up developments of Trump’s trade policies will become core variables in the next phase. Uncertainties surrounding geopolitics and macro policies may continue to intensify market volatility.
TRADU:BTCUSDLong
by Clarke_analysis
Bearish outlook for Bitcoin!Bitcoin Cycle Analysis and Trade Thesis For more than a decade, Bitcoin has evolved through recurring cyclical patterns, consistently respecting long-term moving averages and two logarithmic regression curves — one defining market peaks and the other defining troughs. I expect this structural behavior to persist over the coming years. On Friday, as INDEX:BTCUSD briefly topped 123,000, I initiated a bear put spread on NASDAQ:IBIT (50/45 strike), expiring January 2026. Target: BTCUSD ≈ 70,000. If this target is not reached by late 2026, I will close the position regardless of price. Bearish Counterpoints “Never trade against the trend” — Bitcoin has remained structurally bullish since inception. “No parabolic top” — Historically, bear markets have emerged only after parabolic blow-offs, which are not currently visible. “No fundamental trigger” — Major bear phases have often begun with clear catalysts (e.g., Mt. Gox invalid transaction issues, Mt. Gox collapse, China’s mining ban…), none of which are present now. I admit it feels somewhat awkward to go short while everyone else is buying. But in trading, profit often comes from being contrarian — buying near the bottom when fear dominates, and selling near the top when euphoria takes over. And one last thought: even if I believe crypto will still exist in 50+ years — stablecoins, for example, are undeniably useful for fast money transfers and cross-border payments — I expect many of the most speculative assets to trade far closer to zero than to today’s prices. Bitcoin, along with others tokens, remains, in my view, vastly overvalued.
INDEX:BTCUSDShort
by Nicolas_Pradel
BTC/USD – Short Setup from Resistance Zone (Oct 2025 Analysis)Trend & Channel The price has been moving inside an ascending parallel channel (highlighted in pink). Current price is $122,395, approaching the upper boundary of the channel, where resistance typically appears. Key Levels Entry Point: Around $124,257 – suggested short-entry zone. Support/Resistance Zone (Blue Box): Between $128,000 – $130,442. This is where rejection is expected. Stop Loss: Above $132,000 – just outside the resistance zone to protect against a breakout. Target Point: $104,097 – near the lower boundary of the channel, aligning with prior support levels. Price Action Setup The chart suggests a short trade setup (sell) if BTC/USD hits the $124K–$130K zone. Expectation: After touching this resistance area, price could reverse downward toward the $104K target. Risk-to-Reward Ratio Risk: About $8,000 (132K - 124K). Reward: About $20,000 (124K - 104K). Approximate R:R = 2.5 : 1, which is favorable for a swing trade. ✅ Summary: This is a bearish short-term outlook for BTC/USD. The strategy is to wait for price to reach the 128K–130K resistance zone, enter a short position, keep a stop loss above 132K, and aim for a target around 104K
CRYPTO:BTCUSDShort
by LABA_GOLD_TRADING
6
Be careful with the continued downward correction.BTC Plan Analysis Currently, BTC has rallied strongly toward the 118,700 – 118,800 zone and is testing the 1.0 Fibonacci resistance. This area may trigger short-term profit-taking. Main outlook: After a sharp rally, the market is likely to see a corrective move. Key Levels Resistance: 118,800 – 119,000 (near-term resistance, currently being tested) 120,428 (strong resistance on the higher timeframe) 122,500 (major resistance, extended wave target) Support: 116,485 (Fibo 0.786, important confluence support) 114,837 (previous resistance turned support + EMA200) 114,150 – 114,050 (lower support, Fibo 0.236) Possible Scenarios BTC may face selling pressure at 118,800 – 119,000, leading to a correction back to 116,500. If 116,500 breaks, the next support zone is 114,800 – 114,000. If BTC holds above 116,500 and bounces, the market will likely retest the higher resistance at 120,400 – 122,500. 👉 Summary: Price is currently at short-term resistance. It’s better to wait for a reaction before making decisions. The correction toward 116.5K remains the primary scenario before the next clear move.
Short
by Nova-Scalper
1