Bitcoin Weekend Volume Could Exceed 116K as Smart Money Accumula📊 Market Update
Bitcoin has been building strength since the 106K–107K level, showing signs of a new uptrend. Both the lower time frames and the main trend are currently positive. There’s a strong possibility that BTC will target 112K as the first level, with 116K+ also possible depending on the weekend trading volume.
🔹 Market Structure
The market structure is gradually building, suggesting smart money inflows into BTC over the last 10 hours. We’ll continue tracking this development closely further
BTCUSDT
My expectations for November and December.According to my possible wave counts the first week of November may be a sell-off, then the direction may be upwards, and declines may occur with the Christmas holiday.
Note: It's shown on a 1-hour chart, but waves will form over longer timeframes. So, disregard the date chart you see at the bottom of the page.
* The purpose of my graphic drawings is purely educational.
* What i write here is not an investment advice. Please do your own research before investing in any asset.
* Never take my personal opinions as investment advice, you may lose your money.
Fair Value Gaps: The Market Secret You Shouldn’t IgnoreEver scrolled through a chart and spotted a weird empty space in the candles — like the market just skipped a beat? That’s a Fair Value Gap (FVG). It’s one of those subtle price imbalances smart traders love to hunt for. Understanding how these gaps form and how price reacts around them can seriously level up your chart-reading game.
What Is a Fair Value Gap in Trading?
A Fair Value Gap happens when there’s a sudden surge in buying or selling pressure that causes price to move so fast, it doesn’t fully balance out between buyers and sellers. In simple terms, it’s an imbalance — a zone where the market skipped over potential orders.
When you hear traders talking about FVG in trading, they’re referring to those little pockets of unfilled liquidity left behind during strong moves.
So, what is FVG in trading, and why does it matter? Because price often comes back to those areas later to “rebalance” — filling the gap before continuing in the original direction. That’s the core logic behind Fair Value Gap trading.
Bullish and Bearish FVGs
There are two main types of Fair Value Gaps — bullish and bearish:
Bullish Fair Value Gap (bullish FVG): Forms during a strong upward move, when aggressive buyers push price higher, leaving a void below. Price might later dip back into that zone before continuing upward.
Bearish Fair Value Gap (bearish FVG): Forms in a sell-off, when sellers dominate and the market drops quickly, skipping over potential buy orders. Later, price often retraces upward to “fill” that gap.
Both can act as magnets for liquidity — areas where smart money likes to re-enter the market.
Fair Value Gap Example
Let’s say Bitcoin jumps from $110,000 to $120,000 in a single bullish candle, with almost no trading in between. That sudden move leaves a Fair Value Gap — the zone between the candle’s high and low where little to no trading took place.
If the market later pulls back to that range and finds support before bouncing, you’ve just witnessed a textbook Fair Value Gap example in action.
Using a Fair Value Gap Indicator
You can spot these zones manually by looking for three-candle structures — one candle that “leaves the gap” and two surrounding it that don’t overlap. But if you prefer automation, you can use a Fair Value Gap indicators:
Fair Value Gap Trading Strategies
Fair Value Gap trading isn’t about chasing price — it’s about waiting for the market to come back to you. Within Smart Money Concepts, traders often combine FVGs with CHoCH (Change of Character) to confirm a potential shift in structure before entering.
A common approach is to mark recent FVGs, identify the broader trend, and wait for price to revisit a gap in line with that trend.
In a bullish trend , traders look for bullish FVGs below current price as potential demand zones — ideally after a CHoCH confirms that buyers are stepping back in.
In a bearish trend , they watch for bearish FVGs above current price as potential supply zones, again validated by a CHoCH showing a shift in control.
Still, it’s important to remember — these setups are not guarantees. The market doesn’t owe you a fill. Use FVGs and CHoCH as part of the Smart Money framework, not as standalone signals. Always manage risk and make your own trading decisions based on your personal strategy and comfort level.
Final Thoughts
So, what is a Fair Value Gap really? It’s not magic — just the market showing where it moved too fast. Learning to read Fair Value Gaps gives you insight into liquidity, momentum, and potential reversals. Whether you use a Fair Value Gap indicator or mark them by hand, mastering FVG in trading can give you a serious edge in spotting high-probability zones.
Just keep in mind — no indicator or setup replaces good judgment.
Observe, adapt, and let the charts speak for themselves.
Today's Bitcoin Trading StrategyTechnical aspect: "Support broken + Trend continuation", the bearish dominant pattern has been established
The price has successfully broken through the key support range: $109,100 is located between the psychological threshold of $110,000 and the 200-day moving average ($107,846). The 1-hour chart shows that after the price continuously attempted to reach $110,000 for 3 times without success, it formed a "head and shoulders top" pattern and broke through, with the neckline at $109,500 being lost. After that, the decline measured pointed to $107,000. More importantly, the 50-day moving average at the daily level has crossed below the 100-day moving average, forming a "death cross". This is the first medium-term bearish signal since 2024 May. Historical data shows that when such a technical combination occurs, the average decline within 5 trading days is 5.3%. Meanwhile, although the RSI indicator has entered the oversold zone, there is no divergence signal, indicating that the downward momentum has not yet exhausted.
Today's Bitcoin Trading Strategy
sell:109000-110000
tp:108000-107000
sl:111000
Multidimensional short-selling strategies and in-depth analysisFunding situation: "Institutional wait-and-see + Small investors' takeover", with a disparity in takeover strength
ETF and on-chain data show a distinct divergence: During the rebound period, the net inflow of the US Bitcoin spot ETF was only 0.8 billion US dollars, significantly less than the selling scale (5.2 billion US dollars) during the previous decline. This indicates that institutions have a low recognition of the rebound; while on-chain small addresses (1-10 BTC) increased their holdings by 62% around 110,000 US dollars, contrasting with the net outflow of whales (1000+ BTC), presenting a dangerous structure of "small investors' takeover + large players' cash-out". The derivatives market exposes more risks: Although the short-to-long ratio of perpetual contracts has risen from 0.89 to 1.02, the long positions are concentrated on platforms dominated by small and medium-sized investors (such as Huobi, with a 54% long position), while the long positions on leading platforms (Coinbase, Binance) are only 49.3%, indicating a disparity in capital quality that suggests the rebound is unlikely to last.
Cross-market "risk assets' linkage retreat", with valuation anchors moving downward
The 30-day correlation between Bitcoin and the Nasdaq 100 Index dropped from 0.75 to 0.61, and the weakened synchronization is due to the overall pressure on risk assets: The earnings reports of leading US technology stocks like Apple and Microsoft were below expectations, and the Nasdaq 100 Index broke below the 50-day moving average, leading to a cooling of risk appetite; at the same time, the hedging attributes of gold and US Treasuries have rebounded, with the 10-year US Treasury yield falling from 4.2% to 4.05%, indicating a clear trend of capital shifting from high-risk assets to safe-haven assets. This combination of "stock-currency linkage retreat + risk aversion rise" has deprived Bitcoin of external upward momentum, and its own valuation (the current price is still 1.8% lower than the average cost of institutions at 112,300 US dollars) has partially released the demand for valuation repair through the rebound.
Emotional aspect: "Rebound overextension + expectation correction", optimism has peaked
The panic and greed index quickly rose from the "panic" range of 28 to the "neutral" range of 45, with short-term emotional recovery being too rapid, and the implied volatility (IV) of call options in the futures market (higher than put options IV) from -3% to +2%, indicating that the optimistic expectations for the rebound have been overpriced. Historical data shows that when the emotional indicator rises by more than 15 points within 3 trading days and the IV premium of options turns positive, the probability of a correction within the next 48 hours is 73%, and the overextension of the emotional aspect provides an opportunity for short sellers to reverse.
Today's Bitcoin Trading Strategy
sell:109000-110000
tp:108000-107000
sl:111000
Did you Know ?!!!Did you really think that profiting from the current bull run (a comprehensive upward market) would be easy? Don't be naive. Do you think they will let you buy, hold, and sell at low levels without any struggle? If it were that simple, everyone would be rich. But the truth is: 90% of you will lose. Why? Because the crypto market is not designed for everyone to win. They will shake you. They will make you doubt everything. They will panic you and sell at the worst possible moment. Do you know what happens next? The best players in this game buy when there is fear, not sell; because your panic gives them cheap assets. This is how the game goes: strong hands feed off weak hands. They exaggerate every dip, every correction, every sale. They make it look like the end of the world so that you abandon everything, and when the market starts up again, you'll sit there saying, "What the heck just happened?" This is not an accident. It's a system. The market rewards patience and punishes weak emotions. The big players already know your thoughts. They know exactly when and how to stir fear to make you give up. Because when you panic, they profit. They don't play the market. They play you. That's why most people never succeed. Because they fall into the same traps over and over again. People don't realize that dips, FUD (fear, uncertainty, doubt), and panic are all part of the plan. But the winners? They digest the noise. They know that fear is temporary, but smart decisions last forever. We've seen this hundreds of times. They pump the market after you sell. They take your assets, hold them, and sell them to you at the top, leaving you with nothing, wondering how it happened. Don't play their game. Play your own.
REMEMBER
BTC Falls with Strong DollarDollar rally is dominating the markets today after Powell is hinting that December cut is not a sure thing. BTC normally more focused on stock market than dollar so I bet on recovery. The lower line of the channel is 107300, but BTC often make spikes at key leves so I plan to enter 106890 with 4.52 RR ratio.
Do you think I'm joking ???I might be wrong and this might never happen, but it might come true From a technical perspective!!!
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
BTCUSDT — Full Report (Oct 31, 2025 09:30 UTC)1. Macro and Fundamental Facts
- US Fed (Oct 30): Rate cut by 25 bps to 3.75–4.00%. This policy easing supports risk assets.
- Quantitative Tightening: From Dec 1 the balance sheet runoff stops; the Fed will reinvest, increasing dollar liquidity.
- US GDP Q3 (preliminary): +3.1% QoQ, confirming a soft landing.
- PCE Inflation (Oct 31, 12:30 UTC): Expected moderate growth; may cause short-term volatility.
- BTC ETFs (US): Mixed flows; after mid-month outflows, moderate inflows observed (Farside). Institutional demand remains stable.
2. Market Statistics (CoinGecko, weekly)
- 7-day range: $108,604–$115,957
- Today's 24h range: $108,201–$113,567
- Mid-point: $112,280
- Range / mid ≈ 6.55%
- October ATH: $126,080 (Oct 6)
- Market has stabilized after the early-October peak around 125‑126k.
3. Sentiment & Forecasts
- Fear & Greed Index: 37 (Fear) → cautious mood.
- Polymarket probabilities for 2025: ≥$130k ≈53%, ≥$150k ≈15%, ≤$80k ≈10%; market volume ≈$38M.
- Social tone: discussion of Fed easing and a possible retest of the ATH.
4. Key Levels This Week
- Support S1: $108.0–$108.6k (lower bound of the 7-day range)
- Support S2: $106–$107k (October accumulation zones)
- Resistance R1: $113–$116k (upper bound of the 7-day range)
- Resistance R2: $118–$120k (gateway to retest $125k).
5. Microstructure (SSE, Binance BTCUSDT)
Snapshot time: 2025-10-31 08:57:51 UTC (real-time SSE feed; delay ~80 ms).
- Last price (LTP): $110,043.82
- Bid / Ask: $110,043.81 / $110,043.82 → balanced.
- Spread: $0.01 ≈ 0.91 m-bps (ultra tight).
- Bid sum (top-20): 0.46 BTC → thin support below.
- Ask sum (top-20): 11.55 BTC → dense overhead layer.
- Imbalance: −0.923 → seller dominance.
- Orders per second: 46 orders/s → active flow.
- Net flow: +0.58 → orders coming into the market; buyers active.
- Micro-price: $110,043.81 ≈ mid → neutral.
- Health score: 80/100 → good liquidity.
Observation: there is instant dominance in the ask side. Order flow is positive, but for price to rise, the cluster at $110,043–110,045 (~5 BTC) must be absorbed. The book below is thin; a downward spike could drop $30–50 without much resistance.
6. Probability Assessment (1-week horizon)
Model: normal distribution around the mid ($112,280) with σ ≈1.64%.
- Range scenario ($109–$114k): ≈60%
- Upward scenario (> $116k; requires inflows): ≈12%
- Downward scenario (< $108.5k; reaction to inflation or ETF outflows): ≈12%
- Tail events (<$106k or >$120k): ≈4–6% each.
Microstructure indicates ask-side dominance, so a short-term pullback within the range is slightly more likely than an immediate breakout.
7. Practical Observations (no advice)
- Spread <1 m-bps → optimal conditions for limit orders.
- Rise in orders/sec above 50 with imbalance moving toward zero → market ready for an impulse.
- Spread >3 m-bps → decreasing depth and higher liquidity risk premium.
- Monitor FGI and ETF flows: FGI >40 and two days of ETF inflows often coincide with a break out of the range.
- Watch Polymarket: an increase in the ≥$150k probability above 20% signals stronger long-term optimism.
8. TL;DR
- The Fed eased policy (−25 bps; QT stop from Dec 1).
- BTC trades between $108.6k and $116k; mid ≈$112k.
- Sentiment is cautious (Fear 37).
- Microstructure: LTP $110,043.82; spread $0.01; ask dominance (imbalance −0.92); 46 orders/s; net flow +0.58.
- Probabilities for the next week: range 60%, upside 12%, downside 12%, tails 4–6%.
- Conclusion: the market is stable within the range; the macro backdrop is softening. A breakout requires absorption of ask clusters and confirmation from ETF inflows.
Are you ready for a $BTC next leg?Bitcoin is preparing for a new upward wave towards the resistance zone, reacting to the rising wedge-on-uptrend formation.
This structure often signals a decisive moment after recent momentum.
The reaction to the resistance line will determine the next trend direction.
Staying on top of the trend is crucial during this period.
BTC GOLDEN CYCLE CAN START ANY MOMENT WITH BREAKOUT 112K AFTER..BTC Breakdown Completed — Potential Rebound Toward $112K 🔁
Bitcoin has successfully tested the 106K zone, completing the expected breakdown move.
Price action now shows early signs of stabilization, suggesting that a recovery toward $112K–$113K could follow in the short term.
📊 Market Outlook:
Support was confirmed near $106K, halting further downside pressure.
Short-term resistance sits around $111.6K–$113.5K, the next likely retracement target.
Momentum remains weak but improving — volume shows early buyer re-entry.
📈 Scenario:
If BTC maintains support above $107K, a technical bounce toward the mid-range near $112K becomes likely before facing renewed resistance.
However, failure to sustain current levels could risk a retest of $106K.
💬 Summary:
BTC completed its breakdown to the 106K area and is now forming a possible relief rebound setup targeting $112K–$113K range.
With the same data, we did expect before the breakdown from 115K to 106K zone
USDT.DOMINANCE CHART ANALIYSIS !!USDT Dominance Chart Update.
USDT dominance is again rejecting at the long-term trendline resistance (point 4), currently around 5.17%.
Structure suggests another potential move lower, with possible targets in the green zone (2.0%–3.0%) if the downtrend continues.
This scenario typically favors fresh capital rotation into Bitcoin and altcoins as traders de-risk from stablecoins.
Summary:
USDT dominance remains weak below the trendline. A sustained drop could spark further altcoin momentum and a broader crypto rally.
#BTC/USDT 4HOUR CHART UPDATE !!BTCUSDT 4H Chart Analysis
Pattern: The chart shows a double bottom at the $106,000–$107,000 zone (circled as points 1 and 2). Price bounced strongly after retesting this support region twice.
Support & Resistance: The green box highlights the major support zone, which has held firm and led to a reversal. Resistance remains at the gray band around $112,000–$113,000.
Setup: After confirming the double bottom, BTC has reclaimed $110,000 and is pushing toward resistance. The green bars suggest a bullish projection, targeting higher levels toward $117,000–$123,000 if BTC sustains momentum above resistance.
Summary:
BTC is bullish above $110,000, with a double bottom support in place. A successful breakout above local resistance could accelerate the uptrend in the coming sessions.
DYOR | NFA
Alts Crushed, BTC Next: Wyckoff Says the Top Is InTracking this top formation scenario since January 2025. A classic Wyckoff topping structure started forming and we're nearing the end of Phase B, Phasce C typically marked by a peak and expected collapse around March 2026. The weekly RSI continues to trend downward.
The market has already sold off most altcoins, with remaining BTC likely to follow. RSI weakness persists.
Final long positions through to Jan then Shorts only.
Best Hard Forky
Bitcoin - This chart is crumbling!⛔️Bitcoin ( CRYPTO:BTCUSD ) creates a massive top:
🔎Analysis summary:
All the previous cycles on Bitcoin have been lasting about 1,000 days. And exactly three years ago, Bitcoin retested the previous all time high, starting the next bullrun. If we soon see bearish confirmation on Bitcoin, this crypto will lead to another insane bloodbath.
📝Levels to watch:
$100,000 and $50,000
SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
BTC Showing Early Signs of a Possible New UptrendBTC Showing Early Signs of a Possible New Uptrend 🚀
The key is to follow the trend. BTC can return from this point back up 109K
Bitcoin has bounced from the lower range near $107K, holding support after several strong rejections to the downside.
The current structure suggests that momentum could be shifting upward, as the market forms a potential new base for recovery.
There is a good chance that the secure whale trend could use 107K as support for entering on a later time frame to a new cycle
📈 Current outlook:
Support has been confirmed around $107K–$108K, where buyers stepped in with volume.
Short-term resistance remains at $111.6K–$113.3K — a breakout above could confirm a trend reversal.
The price is now trading in the mid-range, building strength for a possible push higher.
📊 Observation:
If BTC manages to reclaim and hold above $113K, the next leg up toward $116K could begin, signaling the start of a new uptrend cycle.
Failure to hold this recovery base would risk another test of the $107K zone.
💬 Summary:
BTC has shown strong recovery signs after defending support — momentum now points toward a possible new uptrend if it sustains above key resistance levels.
BTCUSD (Bitcoin) has broken powerful support = Time to sell!BTCUSD (bitcoin) has been in a new bearish trend for the last few weeks and has just recently broken a major support level which is shown (white line drawn) .. it has also broken the support level of an upward channel (the 2 red trendlines) ... The next very likely outcome for bitcoin is for it to hit and test the next support level all the way to the downside.
BTC Loses Structure — Risk of Falling Below $106KBitcoin has officially lost the low-time-frame structure, confirming the end of the previous uptrend zone.
Momentum has shifted to the downside, with sellers gaining control and price now approaching a critical breakdown level.
📉 Current outlook:
BTC remains under $112K, signaling continuation of short-term weakness.
The end uptrend zone around $109K failed to hold support.
Market structure shows potential continuation below $106K if no reversal occurs soon.
📊 Observation:
Buyers have not defended the local range, and repeated rejections near $116K confirm exhaustion of bullish strength.
The next liquidity pool sits below $106K, which could act as the next target zone in this downtrend sequence.
💬 Summary:
BTC has broken its short-term structure — the chart shows clear downside risk with potential move below $106K if pressure continues.
Bitcoin holds above key support while the monthly trend stays inFear comes from chop, not collapse. That matters now because price is sitting on support while the longer chart still points up, which is where the bigger money is made.
My objective is simple. Decide if this drop is a pause inside the monthly uptrend, and map the highest probability path for the next week, the next few weeks, and the next quarter.
The monthly picture is my anchor. On 1M, ADX 14 is 41.95 which signals a strong trend. Price sits well above the 1M EMA 9 at 101766.79 and the 1M SMA 10 at 100687.53, which means pullbacks have room before any structural damage. The 1M MACD line is above the signal with a positive histogram at 2118.32, a sign of trend persistence, even if momentum cooled a bit. The 1M stochastic is overbought at 86.19, which often brings consolidation, not immediate reversal. Translation. Primary uptrend intact, likely sideways to up over the next quarter.
The weekly chart shows the consolidation. On 1W, price is below the 1W EMA 9 at 114030.37 and below the 1W SMA 10 at 113718.48. RSI 14 is 54.5, so momentum is neutral but not weak. The 1W MACD histogram is negative at minus 1113.44, yet it improved from last week, which fits a basing phase. Weekly ATR 14 is about 9297, so swings of nine to ten thousand fit the tape. Conclusion. A test of support is still likely before trend continuation.
Daily tells us where that test happens. On 1D, price hovers near the pivot at 110955.01, with resistance at 112710.01 and support at 108266.28 then 106511.28. The 1D SMA 200 sits at 109213.25, a level buyers care about. RSI 14 is 44.74, which is below neutral and consistent with a pullback. The 1D MACD histogram is positive at 345.64 after a series of higher bars, which often precedes a bounce. Daily ATR 14 is about 3789, so two to three day swings around four thousand are normal.
Intraday texture supports a near term bounce attempt. On 4H, RSI 14 is 43.58 and the stochastic %K turned up to 42.17 from deeply oversold. MACD histogram is still negative at minus 487.12, which is why any bounce should first aim for resistance rather than blue sky. The 4H pivot sits near 110294.59 and VWAP 50 on 4H at 111433.88 is the next tactical magnet.
Key levels I care about. Daily resistance 112710.01. Daily pivot 110955.01. Daily SMA 200 109213.25. Supports 108266.28, 106511.28, 103822.55. If buyers keep price above 109213.25, the path of least resistance is a grind back to 112710.01. Lose 108266.28, and the market likely tags 106511.28 where prior demand sits.
Here are the targets, chosen by timeframe and probability, with moves sized by ATR.
Short term, next 5 to 10 days. I expect a bounce toward 112700 which aligns with daily R1 at 112710.01. Probability about 60 percent, since 4H momentum is turning up and the 1D MACD histogram is rising, while the 1D SMA 200 at 109213.25 offers nearby support.
Medium term, within 4 to 8 weeks. I expect a retest of 106500 which aligns with daily S2 at 106511.28 and fits a weekly consolidation. Probability about 55 percent, because the 1W trend is neutral, price is below weekly moving averages, and weekly ATR allows a drop of this size without breaking the 1M uptrend.
Long term, by Q1 2026. I expect a push toward 123800, near the 1M upper band at 123481.59 and below the swing high at 126199.63. Probability about 65 percent, since 1M ADX is strong, moving averages are rising, and the monthly trend has not been violated.
Bottom line. This is a pullback inside a larger uptrend. Respect 109213.25 on the daily, trade the bounce to 112700, be ready for a weekly dip toward 106500, and keep sights on 123800 into the first quarter.
BTCUSDT Breakdown Ahead: Sellers Eye $108K SupportHello everyone, here is my breakdown of the current Bitcoin setup.
Market Analysis
BTCUSDT has been consolidating within a well-defined range, facing multiple rejections from the $121,700 Resistance Zone. After several failed breakout attempts above this area, the market shifted into a bearish phase, confirming sellers’ dominance. The structure now forms a descending triangle pattern, a classic bearish continuation signal. We can see multiple breakouts and retests throughout the move, with price respecting both the Triangle Resistance Line and Support Line. The most recent rejection from the upper boundary of the triangle shows that buyers are losing momentum, while sellers are gradually regaining control.
Currently, BTCUSDT is approaching the Triangle Support Zone around $110,000–$108,800, a crucial level where previous reactions occurred. A clean break below this support area could accelerate the downside move, confirming a continuation toward the lower Support Zone near $105,000–$103,000.
My Scenario & Strategy
In my view, BTC remains in a vulnerable technical position. If the price closes below the $108,800 level, this would likely trigger a fresh bearish impulse, leading to deeper declines. Until a confirmed breakout happens, short-term traders may look for retest entries after breakdowns for better risk-to-reward setups.
However, if BTC finds strong support and rebounds from this level, we could see a short-term correction toward $114,000–$116,000, which would act as a retest of the Triangle Resistance Line before further decline. For now, my bias remains bearish, expecting continuation to the downside as long as price stays below the $114,000–$116,000 resistance zone.
That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
BTC Daily: Sellers react from 115,963The market is in a sideways range with an active seller initiative targeting 103,528.
Hey traders and investors!
This analysis is based on the Initiative Analysis (IA) method.
On the daily timeframe, the market is in a sideways range with an active seller initiative targeting 103,528.
After the rise to 115,963, we see a seller reaction accompanied by increased volume.
Look for buy setups only when the buyer shows strength — so far, that hasn’t happened.
Wishing you profitable trades!
BTCUSDT 4-Hour Chart Analysis !!BTCUSDT 4-Hour Chart Analysis
Support and Trend: BTC has bounced off the ascending trendline and is currently holding above the $110,000-$111,000 support area (represented by the gray band). The price is respecting both diagonal trendline support and horizontal support, which is a positive sign for bullish momentum.
Key Levels: Immediate resistance is at $112,000-$113,000. A clear break above this area could create room for further growth towards the next major resistance at $123,250-$124,000 (marked at the top).
Outlook: As indicated by the green arrow, the chart suggests a bullish scenario if this area holds, with the potential for upward acceleration towards the $123,000 area.
DYOR | NFA
Bitcoin is crazy volatile as rates get cutBTC reacted by selling off while the news of a 25bps interest rate cut was being released. Despite the bullish news, the market still sold; however price is still respecting the range and did not produce a lower low. These moments are designed it inflict pain and flush holders out of the market. Have strong risk management and don't risk what you are not willing to lose.






















