$BTC Analysis – 2 Scenarios I'm Watching
📊 Let’s break it down simply:
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1. Bearish Scenario – Possible Correction 🔻
Bitcoin has hit new all-time highs (ATH), but now it might be pulling back into a correction.
Target zone: 92K–100K
Daily RSI is near overbought ⚠️ – not a sell signal by itself, but it supports the idea of a pullback.
Key Fibonacci levels show potential support between:
74K → 112K (🔴 Red levels – main move)
104K → 112K (🟡 Yellow levels – short-term move)
✅ Long Idea:
Look around the .618 red fib or near 90K–92K (liquidation zone). Wait for confirmation — don’t rush.
❌ Short Idea:
After a bounce from monthly support
On a trendline breakdown + retest
Or even now, but with a stop-loss above ATH (for experienced traders)
> ✨ Corrections are normal. They often lead to healthier long-term growth.
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2. Bullish Scenario – Next Leg Up 🚀
Another possibility is that we’re just getting started with the next big move up.
Why? New ATHs, retail traders returning, and strong sentiment.
A small drop to the .236 or .5 fib could be the start of a new impulse wave (Elliott 1-2 setup).
✅ Long Idea:
Watch between 100K–103K, and also 105.5K as a bounce zone.
❌ Short TP Idea:
If price struggles near 105K, this could be a quick take-profit zone for shorts.
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I’d love #BTC to just keep going up — who wouldn’t?
But being realistic helps us win long term.
> 💼 My current position: Short from 109,726 USD
Waiting to see how price reacts at key levels.
