Hello Binance Square community! Bitcoin is dancing around current highs, but some indicators suggest a short-term pullback before the next big move. Let's understand the signals, levels, and scenarios—in our friendly and fun format with clarity and emojis! 😎
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🔍 1. Correction signal on the charts
Analysts on TradingView and FastBull point to a local correction, with many drawing downward trend lines after the recent highs around $107–$110K. These patterns suggest a likelihood of a drop toward support in the near term.
One FastBull report indicates that $109.65K could be a selling area, targeting a drop to $105K, with a stop loss around $112.5K.
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📉 2. Broader analyst overview: drop before highs
Cointelegraph notes that BTC may drop first, possibly to the $100K–$104K range, before targeting new highs like $140K.
This aligns with the "short-term correction, then recovery" setups—classic cup and handle shapes or rising flags expected after the correction.
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📊 3. Key social and technical indicators
Sentiment data from TRADINGVIEW/advanced sentiment indicator shows weak optimism (~46%), a sign that conviction is low—and may open the door for a drop to $102K–$103K before recovery.
In the meantime, Business Insider reports that BTC is nearing a "death cross"—the 50-day moving average crossing below the 200-day moving average—a red flag for long-term weakness.
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🗺️ 4. What to watch: Support and resistance areas
Area Type Price Levels Why This Matters
Resistance $107K–$110K Area to activate local peaks and take profits
Support A ~$105K–$104K FastBull and CT are safe zones, bullish after the dip
Support B ~$100K–$102K Low range fraught with risk—may lead to testing the long-term trend line
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🔮 5. Upcoming scenarios: What could the Binance Square community be thinking?
🟢 Bullish Setup
As long as BTC stays above $104K, the pullback could be healthy and may trigger buying momentum when it dips toward the all-time highs or even $140K.
🔴 Bearish Setup
If BTC breaks below $100K–$102K, a wider correction may be in play—watch for daily close signals and key moving average crossovers.
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💬 How the Binance Square community can engage:
Looking to capitalize on the dip? You can plan to enter near $104K, with a stop loss set below $100K.
Already in buy trades—great! Consider locking in some profits near $110K and tightening stop-loss orders in case of a pullback signal.
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📝 Summary to facilitate follow-up
1. Expect a 2–5% correction in the coming days.
2. Watch $105K as the first support line.
3. Maintain $100K to keep the bulls in check.
4. A death cross could deepen the pullbacks.
5. A bounce from $104K could define the next stage towards new highs.
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🙌 It's up to you!
Are you planning to buy the potential dip?
Will you take some profits near $110K?
Share your charts, strategies, or questions below! Let's stay supportive, respectful, and curious about crypto 💬✨
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✨ Disclaimer: All this is for sharing insights—this is not financial advice. Do your own research and manage risks. We proudly follow the principles of Binance Square: balanced, respectful, transparent.