📊 Current picture:
Bitcoin is suspended in the consolidation zone. Accumulation of volumes is occurring around the previous local maximum. The chart shows an attempt to break upwards, but so far there isn't enough strength — the price is moving within the range.
Resistance: ~110,000
Support: ~104,500
EMA 20 — the price is balancing right on it
RSI — around 60, not overheated yet, but no longer cold
Volumes — decreasing, the market is waiting for an impulse
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🔧 How to work today:
1. Entry — on a rebound from support or on a breakout of resistance with volume.
2. Exit — around 109–110k or earlier if volumes do not support the move.
3. Stop — below 104,000 if the scenario does not work out.
⚠️ Not the time for big bets. Those who wanted have already entered, those who didn't are waiting. There will be movement, but where exactly — hasn't been decided yet. Important — do not enter at the center of the range, as it's like buying a lottery ticket without a draw.
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📅 Outlook until the end of 2025:
In the scenario of 'ETF, mass adoption, halving works' — we can see 140–160k.
In case of negativity — a pullback to around 85–95k, and again the cycle.
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✅ Conclusion:
Today — cautious work within the channel, short positions with clear risk management. The main thing is not to catch impulses without confirmation, as the market is currently in observation mode.
