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Bitcoin Eyes FVG 107,500 as Downtrend Remains DominantHello everyone, Bitcoin is currently trading around 107,381 USD, recovering slightly after a steep drop from the 109,000–110,000 USD zone. Although a short-term rebound signal appears, the overall technical structure still indicates that the downward momentum holds sway. On the 4-hour chart, the series of candles maintains a Lower High – Lower Low pattern, clearly reflecting sustained selling dominance. During recent declines, red FVGs (Fair Value Gaps) repeatedly formed over 109,000 → 112,000 USD, constituting areas of unfilled liquidity gaps — these become strong resistance zones when price attempts to recover. Bitcoin is now approaching the nearest FVG around 107,500–108,000 USD, where renewed selling pressure may emerge. According to Ichimoku, the Kumo cloud lies above price and is quite thick, covering the region 109,000–113,000 USD, signaling a robust dynamic resistance zone. Price remains beneath the cloud, while the Chikou Span (lagging line) hasn’t crossed above price — confirming that the downtrend still dominates. Moreover, a Kumo Twist (cloud transition) has not formed, indicating no clear reversal signal has emerged. Concerning volume, the downtrend phases recorded high volume, whereas the current rebound accompanies weak volume, suggesting this is merely a relief bounce within the main downtrend. Market sentiment is cautious, as institutional capital stays sidelined awaiting clearer signals from the Fed and the direction of global interest rates. In the macro context, expectations for a 25 basis point Fed cut in Q4 persist, but the lack of action so far has delayed capital reflow into risk assets. U.S. Treasury yields remain elevated above 4 %, continuing to exert pressure on Bitcoin. Meanwhile, Bitcoin ETFs have recorded slight net outflows this week, reflecting a cautious stance. U.S.–China trade tensions and geopolitical volatility similarly drive investors toward gold or USD as safe havens. In the short term, Bitcoin is likely to execute a technical retracement toward 107,500–108,000 USD to fill the nearest FVG. Upon reaching that zone, a rejection and reversal down toward 105,000 USD is plausible; indeed, a breach of 104,500 USD could occur to test the 102,000–103,000 USD region — this is a preferred scenario. This area also holds dense liquidity and trading volume concentrated since late September. The technical structure would only change if price closes a 4-hour candle above 109,500 USD, at which point the market might form a Higher Low and open the path for a meaningful recovery. Do you think this rebound has enough strength to break through 108,000, or is it just a pause before further decline?
BINANCE:BTCUSDShort
by EmmaChartist
8
Bitcoin Under Fire: Bears Take Full Control Below $110KHello traders, Today, let’s take a look at the overall picture of BTCUSD – where the market is gradually losing its recovery momentum and shifting into a defensive phase. After a series of negative headlines recently, Bitcoin remains under strong selling pressure, and the downtrend is now clearer than ever. 📰 Key News Highlights Over the past week, several macro factors have weighed heavily on investor sentiment: - U.S.–China trade tensions have escalated after the U.S. announced expanded tariffs on Chinese tech products, triggering capital outflows from risk assets — including crypto. - The G20 and FSB issued warnings about “significant gaps” in global crypto regulations, sparking fears of tighter oversight ahead. - The Federal Reserve struck a more hawkish tone as Vice Chair Michael Barr warned of financial stability risks posed by stablecoins, adding further psychological pressure to the crypto market. ➡️ Combined, these factors have pushed Bitcoin down nearly 15% since the start of the month, reaching around $109,000 with no clear signs of reversal yet. 📉 Technical Analysis The chart shows that BTC continues to move within a downward-sloping channel, with the EMA34 and EMA89 acting as dynamic resistances — a clear reflection of short-term weakness. The $110,000 level is a key resistance zone, aligning with both the descending trendline and EMA34. Failure to break above this area could send BTC lower toward $103,000, or even $100,000 if selling pressure expands. Only a confirmed H4 close above $112,500 would signal a temporary technical rebound. 💡 Trading Advice The market is weak — don’t try to catch the bottom. Prioritize capital preservation and wait for clear signals before taking action. Short-term traders: Look to sell on rallies around $110,000–$111,000. Long-term investors: Watch for price action in the $103,000–$105,000 range, where a potential mid-term technical bottom could form.
BINANCE:BTCUSDShort
by Octaviuss
5
Bitcoin – The Sharp Pullback Before the Next Big MoveHello everyone, The Bitcoin market just went through a strong “brake tap” in the latest session. On the 4H chart (Binance), a deep red candle with high volume dragged the price from around $115,000 straight down to near $108,000 before rebounding slightly to $112,000–$113,000. The Ichimoku cloud was breached, and the short-term structure turned clearly bearish. Two critical Fair Value Gap (FVG) zones can be identified: $115k–$116k near the cloud edge, and $119k–$120k — the previous sideways range top. These act as major supply pockets, where any retest could decide the next trend direction. On the news side, this drop stemmed mainly from renewed U.S.–China trade tensions. President Biden’s announcement of a 100% tariff on Chinese goods rattled global risk sentiment, causing Bitcoin to fall sharply before a technical rebound. Meanwhile, the U.S. dollar strengthened further amid a government shutdown and the lack of key macro data, prompting short-term capital to exit crypto. The large-scale leveraged liquidation — estimated at billions within hours — amplified the plunge before dip buyers stepped in near the lows. In the short term, Bitcoin appears to be catching its breath after the intense sell-off. With the September CPI report delayed to 24 October, the market currently lacks a clear catalyst. This means volatility will likely stem from Fed communication and geopolitical events rather than data. A calm before the storm — but one that feels fragile. Technically, there are two key scenarios to watch: Scenario 1 – Base case: Bitcoin retraces and then falls again. After a major liquidation, price often revisits the nearest supply zone — in this case, $115k–$116k. If reversal signals appear (pin bar, engulfing pattern, or weakening volume), BTC could drop back toward $110.5k–$111k, or even retest $108k. A break below that level opens the door to $105k–$106k — a former balance zone. Scenario 2 – Deep recovery: Price could continue to fill the upper FVG. A 4H close above $116k with sustained momentum could lift BTC toward $119k–$120k. A decisive breakout with expanding volume would confirm a medium-term bullish reversal, targeting $122.5k–$125k. Overall, this “brake tap” looks like a resilience test for the market — is it just a “technical landing” or the start of a deeper correction? Despite the short-term bearish shift, the $108k–$111k area remains a strong absorption zone, potentially a base for a renewed rally if capital returns. What do you think — is this dip the prelude to another surge, or a warning that Bitcoin isn’t ready yet?
BINANCE:BTCUSDShort
by EmmaChartist
34
Bitcoin: Holding 106,000 – Retest Risk AheadHello everyone, After reaching the peak of 109,236 USD, Bitcoin has sharply reversed and entered a clear lower low – lower high structure. The consecutive drops highlight that sellers are still in control, forming multiple Fair Value Gaps (FVGs) along the way — particularly around 115,000 → 112,500 → 109,000 USD. These gaps may act as future pullback targets, but for now, the market bias remains bearish. Price has retreated to 106,770 USD — a strong support zone previously tested multiple times. If selling pressure eases, this could serve as a short-term “technical landing” before Bitcoin attempts a minor recovery. Looking at the Kumo Cloud, the 109,000–109,200 USD zone stands out as firm resistance. Recent candles repeatedly tapped into the cloud but were pushed down, showing weak buying momentum. As long as the price remains below the Kumo, bullish confirmation is lacking — only a decisive breakout above would signal a potential trend reversal. On the macro side, the Fed remains firm on its hawkish stance — keeping rates high and showing no signs of cuts anytime soon. This continues to weigh on risk assets like Bitcoin, as capital prefers to stay in USD and bonds. Meanwhile, tightening crypto regulations in the US and Europe have made investors more cautious. Geopolitical tensions between the US and China also dampen global risk appetite, adding further pressure on Bitcoin. The only bright spot lies in the possibility of a short-term USD pullback — if that happens, Bitcoin might stage a technical rebound, though it’s still too early to call for a full bullish cycle. Based on the current price structure, I lean toward the scenario where Bitcoin extends its decline to test the 105,000–104,500 USD zone — a key support cluster aligned. This area could attract dip-buying interest, but if the market fails to hold above it, a drop toward 102,000 USD becomes likely. In a more bearish scenario — if 104,500 USD is broken without any sign of recovery — Bitcoin may head for the 100,000 USD zone.
Short
by EmmaChartist
10
ADA/USDT | ADA’s Epic Comeback: 130% Pump After Brutal Selloff!By analyzing the Cardano (ADA) chart on the 3-day timeframe, we can see that, like the rest of the market — or even more severely — ADA faced a massive dump of over 65%, dropping below $0.275. After a liquidity grab under that level, strong buying pressure emerged, driving the price up by 130%, reaching around $0.63. However, ADA still needs to rise about 30% more just to return to the level where this drop originally began. This cryptocurrency remains highly promising, and if Bitcoin stabilizes above $110,000, we could expect the next bullish wave to begin for Cardano. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
2
BTC/USDT | BTC Eyes a New Rally After $116K Pullback! (READ)By analyzing the Bitcoin (BTC) chart on the 12-hour timeframe, we can see that after reaching $116,000, the price partially filled the Fair Value Gap (FVG) we were watching and then started a correction. Currently, BTC is trading around $111,700. If the price can hold above the $110K support level, we can expect another bullish move toward higher levels. The next potential upside targets are $113,800, $116,000, $119,600, and $120,800. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
10
LTC/USDT | LTC Holding Strong Above Support – Breakout Incoming?By analyzing the Litecoin (LTC) chart on the weekly (logarithmic) timeframe, we can see that the price has risen to $100, successfully hitting the first target from the previous analysis. Currently, LTC is trading around $96, and it’s important to see whether the price can hold above the $76–$88 support zone. If it does, we could expect a strong bullish move ahead. The next targets are $114 and $120. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
2
Mr. Wyckoff Is That You? (Pt II) & Pi Cycle Top Trendline on BTCHey Trading Fam, As the Donald keeps the market gambling and scrambling, I want to step away from the headlines a bit and take a closer look at what our charts might be suggesting. Admittedly, the bias indicated may be somewhat contrarian at the moment. If you're not into that, this video is probably not for you. It feels like an echo chamber out there with most analysts. Everyone keeps yelling, "Buy the dip! Buy the dip!" But what about a more cautious approach? Maybe it was time to sell the top and preserve your cash? I don't know. Just throwing it out there. As many of you are aware, we've reached my third and final target on the SPY. I've been talking about 670-700 on the SPY for a couple of years now. It's been hit, and personally (though I am cautiously still trading publicly), I've exited. My goal is to preserve my cash. Maybe I do this through precious metals? Haven't decided yet. But I am happy with the profit I've made to this point and will probably not test fate too much further. As for crypto, old Bitcoin usually follows our stock market. And we have tracked the SPY for that part. If the market does, in fact, pull back further, I would expect Bitcoin and all of crypto to follow. I know, I know. But what about that altcoin season? I don't know guys. That may not actually start until next year. I'm not saying this will be the case for sure. But more and more, it sure is looking that way. Enjoy the vid, ✌️Stew
INDEX:BTCUSDShort
by stewdamus
ETHEREUM Free Signal! Sell! Hello,Traders! ETHEREUM Price has reacted sharply from the horizontal supply area, confirming the presence of institutional selling pressure. A clean rejection signals continuation toward the lower liquidity pool near $3,740 as Smart Money hunts sell-side targets. ------------------- Stop Loss: $3,888 Take Profit: $3,741 Entry: $3,829 Time Frame: 3H Setup Risk: High ------------------- Sell! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:ETHUSDShort
by TopTradingSignals
1
KMNO/USDT — Bullish Momentum Building Toward $0.10 Breakout KMNO/USDT — Bullish Momentum Building Toward $0.10 Breakout 🚀 KMNO is showing renewed strength after holding its key support zone and forming a steady higher low structure. The current move suggests a shift in momentum, with buyers stepping back in around the $0.066 level. If KMNO can maintain this recovery and close firmly above the $0.070 zone, the next target area sits around $0.103, marking a potential breakout level for continuation. 📊 Technical Overview: Support: $0.029 – $0.066 Resistance / Target: $0.103 Momentum: Bullish shift forming on 1H A confirmed break above $0.070–$0.075 could open space for a strong upward move, with the $0.10 zone as the main focus area in the coming sessions. 📈 Bias: Bullish setup 🎯 Targets: $0.085 → $0.103
Long
by SatochiTrader
CAD/JPY (1H timeframe)...CAD/JPY (1H timeframe) — I'm using the Ichimoku Cloud and a downtrend resistance line that’s just being tested. Here’s the technical breakdown 👇 🔍 Analysis: Price is currently around 107.12–107.20, testing the descending trendline. The Ichimoku cloud (yellow area) is above current price, acting as resistance. The marked “Target Points” in my chart show potential bullish breakout levels if the price successfully closes above the cloud and trendline. 🎯 Target Levels: 1. First Target (Short-term): ≈ 108.00 – 108.10 → This aligns with the lower horizontal “Target Point” shown and matches the bottom of the next resistance zone. 2. Second Target (Extended / Medium-term): ≈ 108.90 – 109.00 → This is my higher “Target Point” on the chart, aligning with prior structural resistance and top of the projected move. 📉 If rejection occurs: If price fails to break above 107.20–107.30 (trendline resistance), expect a pullback toward 106.80 as short-term support. --- ✅ Summary: Buy breakout confirmation: Above 107.30 Targets: TP1 → 108.00 TP2 → 109.00 Support: 106.80
Long
by RSI_Trading_point
7
(GBP/JPY – 2H timeframe):(GBP/JPY – 2H timeframe): ✅ Setup: Price has broken slightly above the descending trendline. Currently retesting that breakout area near 202.00. Ichimoku cloud (yellow zone) ahead suggests a short-term resistance zone, but structure is turning bullish. --- 🎯 Targets (Upside) 1. Target 1: 203.50 – 203.80 → this matches my first marked “Target Point” (top of the yellow Kumo cloud and previous structure). 2. Target 2: 205.20 – 205.50 → this is my second “Target Point,” aligning with previous swing high resistance. --- 📈 Entry & Risk Plan Entry: Near 202.00–202.10 (trendline retest zone). Stop Loss (SL): Below 201.30 (previous support base). Take Profit (TP1): 203.50 Take Profit (TP2): 205.30 --- ⚖ Summary Main entry: 202.00 TP1: 203.50 TP2: 205.30 SL: 201.30 Bias: Bullish (breakout + potential cloud entry signal).
Long
by RSI_Trading_point
6
(Gold 2H – XAU/USD):(Gold 2H – XAU/USD): ✅ Breakdown confirmed: Price has clearly broken below the ascending trendline and retested it (marked by the red circle). ✅ Support zone: Price is sitting just below the previous support box (~4,250–4,230). ✅ Ichimoku Cloud: Next visible support lies inside the Kumo (blue shaded area). 🎯 Target Levels (Downside) 1. First target: 4,180 – 4,170 → top of the Ichimoku cloud. 2. Main target: 4,130 – 4,110 → the “Target Point” you have marked (bottom of the cloud and horizontal support). 3. Extended target (if momentum continues): 4,070 – 4,050 → next structural support zone. 📈 Summary Entry: After the retest near 4,250. TP1: 4,180 TP2: 4,130 SL: Above 4,270 (trendline retest). So, my main target zone = 4,130 ±20 (as drawn on my chart).
TVC:GOLDShort
by RSI_Trading_point
6
BTCUSD Long: Reversal from the Bottom of the ChannelHello, traders! The price auction for BTCUSD has been controlled by a well-defined descending channel. This bearish structure has guided the price lower, with sellers showing strength by breaking below key levels, including the prior support at 111000. The auction has seen multiple tests of both the channel's supply and demand lines. Currently, the auction is at a critical inflection point. After recently touching the lower demand line of the channel, a pivot point low has been established, and the price is now attempting to initiate a bullish reversal from these lows, showing early signs of buyer interest. My scenario for the development of events is a bullish reversal from this channel support. I expect the price may make a brief corrective retest of the recent low to confirm buyer initiative. In my opinion, a successful hold will trigger a rally strong enough to reclaim the broken 111000 level, which is now resistance. The take-profit is therefore set at 112200, targeting the area just above this key structural point. Manage your risk!
BINANCE:BTCUSDLong
by heniitrading
7
BTC - Perfect Power of 3 setup!Market Context Bitcoin has entered a phase of compression after an extended bearish leg, with price currently consolidating near recent lows. The previous selloff created a clean structure of inefficiencies and untouched fair value gaps (FVGs) above, now acting as potential magnet zones for short-term retracements. The broader context remains bearish until those imbalances are efficiently mitigated. Fair Value Gaps & Manipulation Zones A clear pocket of untouched FVGs sits above the current range, aligning with resistance from prior breakdown points. Price could engineer a manipulation move into this zone, enticing late buyers before resuming the macro bearish direction. Such a move would serve as a liquidity grab and offer premium pricing for distribution before continuation lower. Liquidity Dynamics The market structure shows resting sell-side liquidity (SSL) below the recent “news/data low,” marked as a potential target for a deeper sweep. Once manipulation into the upper inefficiencies completes, the market could shift momentum to the downside, distributing into that liquidity and seeking new lows for rebalancing. Final Thoughts The current structure points toward a classic bearish continuation setup: consolidation, manipulation into premium inefficiencies, and a drive toward sell-side liquidity. Unless price breaks decisively above the untouched FVG chain, the expectation remains for a redistribution phase leading into the news low or beyond. If this breakdown helped frame your bias, a like goes a long way — do you think price runs the FVG first, or dives straight into the liquidity below?
Short
by Louigi_24
115
The Crypto Black Swan Event > 10 bln USD of liquidations🧭 Executive Summary of the Crypto Black Swan Event ⚡ A sudden U.S. announcement of 100% tariffs on Chinese imports triggered a broad risk-off move across assets. Crypto, heavily levered near record highs, absorbed the shock via a forced-deleveraging cascade. 📉 Bitcoin fell sharply off its Oct 5 all-time high ~$125.2k to intraday lows near $105k–$102k, a ~16%–19% peak-to-trough drawdown across venues. 💥 Within 24h, liquidations surged to a record: credible tallies cluster around ~$9.5B–$19B, with ~1.4M–1.66M accounts affected; longs comprised the vast majority. ______________________________________________________________________________ 🧨 What Caused the Liquidations 🧱 Macro shock: The tariff announcement plus mooted export controls abruptly repriced global growth, supply chains, and corporate margins—sparking equity weakness and a USD bid. ⛓️ Leverage overhang: Elevated perpetual futures and options positioning into fresh BTC highs left the market top-heavy. The macro jolt flipped bids thin → stops → liquidations. 🧪 Microstructure feedback: As price gapped, market makers widened spreads; taker flow ate depth; liquidation engines sold into deteriorating liquidity, magnifying slippage and triggering further margin calls. ______________________________________________________________________________ 📊 Key Stats of the Black Swan Event 🧮 Total liquidations: ~$9.5B–$19B 👥 Accounts liquidated: ~1.4M–1.66M. 📉 Side: Longs 80%–88% of notional; shorts a minority share. ₿ BTC liqs: Roughly $1.3B–$5.3B depending on the data cut. Ξ ETH liqs: Roughly $1.2B–$4.4B depending on the data cut. 🏦 Largest single order: About $203M (ETH-USDT) reportedly auto-closed on a perps venue during the flush. 🧾 Open interest: Per-asset OI fell sharply; sample snapshots show ETH OI down mid-single-digits to double-digits %, with billions of OI notionals erased. 🗂️ Cross-asset context: U.S. equities slid >2% on the day; risk proxies weakened as the tariff shock hit. ______________________________________________________________________________ 🧩 Price Action & Drawdown 🚦 BTC: From ATH ~$125.2k to low ~105k–102k during the liquidation wave ~16%–19% drawdown, then partial stabilization above ~$110k. 🧷 ETH: Intraday range ~$4.39k → ~$3.54k ~19% swing before retracing part of the move. 🧭 Timing: The steepest losses clustered around the tariff headlines, with > $6B in liquidations occurring in a short burst as per some trackers. ______________________________________________________________________________ 🧠 Microstructure Dissection 🪙 Perps dominance: Crypto’s price discovery has migrated to funded perpetuals. When the macro shock hit, perps funding and basis compressed, and auto-deleveraging/liquidation engines amplified downside. 🧰 Liquidity thinning: As volatility spiked, market makers reduced top-of-book size and widened quotes. Forced sell-flows then walked the book, increasing impact and triggering adjacent liquidation thresholds 🧷 Stop-density near round levels: Crowd positioning clustered around psychological levels e.g., $120k / $110k BTC, increasing stop-gamma once those levels broke. 🔁 Vol-targeting & risk controls: Systematic players and options desks cut exposures as realized vol surged; put-skew firmed, further pressuring delta hedges. ______________________________________________________________________________ 🧯 Why This Was Worse Than Usual 📌 Catalyst clarity + leverage: A binary, headline-driven macro shock met crowded, momentum-long positioning near all-time highs. 📌 Time-of-day liquidity: Parts of the move unfolded during lower-depth periods, elevating market impact of forced sells. 📌 Cross-venue fragmentation: Liquidation telemetry differs by exchange; some engines throttle reports, but the flows were real—depth collapsed across majors simultaneously. ______________________________________________________________________________ 🧪 BTC & ETH: By the Numbers ₿ BTC: • ATH (Oct 5): ~$125.2k → flush low ~$105k–$102k → settle ~$112k. • Liquidations: ~$1.3B–$5.3B depending on window/venue. • Narrative: From “ETF & macro tailwinds” to “trade-war risk & deleveraging.” Ξ ETH: • Intraday: ~$4.39k → ~$3.54k (~−19%), partial rebound thereafter. • Liquidations: ~$1.2B–$4.4B depending on window/venue. • Options: Defensive put demand rose as traders sought convexity; skew biased to protection. ______________________________________________________________________________ 🔭 What to Watch Next 🧷 Policy path: Will tariff scope/timing evolve? Any China counter-measures e.g., rare-earths could extend risk-off. 📉 Residual leverage: Track perps funding, aggregate OI, and basis—a second-wave flush risk fades as these stabilize. 🏦 Liquidity recovery: Top-of-book depth and spreads on major venues Binance/OKX/Bybit/CME are key to gauging re-risk appetite. 🧪 Dealer positioning: Elevated implied vol and persistent downside skew would signal hedging demand and slower mean-reversion. ______________________________________________________________________________ 🧰 Risk-Management Takeaways ✅ De-crowd near extremes: Size leverage down when price, positioning, and macro all point one way. ✅ Respect liquidity regimes: Use impact-aware sizing and time-of-day execution filters around macro catalysts. ✅ Hedge the tail: Cheap convexity (puts/put spreads) into binary events offsets liquidation-engine reflexivity. ✅ Diversify collateral: Avoid single-stablecoin collateral concentration; maintain spare margin buffers across venues.
Short
by ProjectSyndicate
55
#ZEC Ready to Collapse? Breakdown Here Could Trigger Panic Sell Yello Paradisers! Are you really paying attention to what’s brewing on #ZECUSDT? Because if not, you might be blindsided by what could be a brutal move down. Let's get into the #ZEC setup: 💎#Zcash has been trading inside an Ascending channel, but the momentum is clearly fading. The last bounce off the ascending support was weak, and now we are testing that same ascending support again, but this time, with growing selling pressure. 💎Current price of #ZEC is around $242, and the situation is getting critical. A confirmed breakdown below this ascending support will flip the structure bearish and open up a clean setup toward significantly lower levels. The 50 EMA, which is now acting as dynamic support, will act as resistance. It will only accelerate the downside if this breaks. 💎If this breakdown plays out and is followed by a failed retest of the broken trendline, we could easily see price dump into the Support Zone around $175, and possibly even fall into the Key Support Zone near $121, where stronger buyers may finally step in. 💎On the flip side, the bearish setup is invalidated only if #ZECUSD breaks back above the Resistance Zone at $316. That would shift momentum in favor of the bulls and could spark a sharp rally. Trade smart, Paradisers. This setup will reward only the disciplined. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
1
BTC Daily – After the ATH, The Market Takes a Breath BTC tapped the 161.8% Fib. level, setting a new all-time high of 126K on Monday, October 6. Since then, price has retraced to the BB Center and today’s candle opened below it. If today’s close remains under the BB Center, there’s a strong chance for another leg down in the short term. From a system perspective, momentum is tilting bearish: Price < BB Center < SMA < MLR, confirming short-term weakness. RSI has crossed below its moving average, and MACD is about to turn red. All signs point to a cooling phase after the run to new highs, a normal reset within a larger cycle. Bias: Short-term bearish, healthy pullback after overextension. Always take profits and manage risk. Interaction is welcome.
BITSTAMP:BTCUSDShort
by vagada