🔥 Bitcoin in the crosshairs of correction: What do the coming hours hold? 🔍
📉 Technical view on BTC/USDT for 4\07\2025
When looking at the chart, we notice that:#بيتكوين #
Current price: 107,854 USDT
Highest price in 24 hours: 110,000 USDT
Lowest price in 24 hours: 107,505 USDT
The MACD indicator shows a slowdown in bullish momentum with a tendency for negative crossover (MACD: 271, DIF: 831, DEA: 560), which may indicate the beginning of a slight correction.
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🔸 The upward trend line remains intact, but there are signs of weakness in momentum in the short term.
🔸 Moving averages (MA):
MA(7) = 107,824 (price is close to it, short-term support)
MA(25) = 106,258
MA(99) = 98,424 (very strong major support)
🧠 Secrets of the current correction in detail
1. Profit-taking by whales after reaching the 110,000 level.
2. Failure to decisively break the strong resistance at 111,980.
3. Momentum indicators have started to show negative divergence.
4. Movement of funds towards alternative currencies like ETH, PEPE, and SHIBA.
🗞️ Major impactful news currently in the arena
The return of discussions about the Ethereum ETF has prompted investors to shift some liquidity from BTC to ETH.
A strong movement from whale wallets sold large amounts of BTC between 110K and 112K, increasing selling pressure.
Politically: Tensions between the United States and China have reignited fears in the markets, which may increase volatility in the short term.
📊 Scenarios for the coming hours and days, God willing:
🔵 Positive scenario ⤴️
If the support level at 107,500 is maintained and a rebound occurs driven by positive news (such as the approval of a new ETF or dollar stabilization), we may see a return to test 110,000 then 113,800.
🔴 Negative scenario ⤵️
A clear break of the 107,500 level could open the door for a drop towards 105,000 and perhaps test the 99-day moving average at 98,400 in the medium term.
🕵️ Secrets of whales and institutions are confidential:
Monitoring the Spot and Derivatives platform reveals that some large trades are now being moved through OTC (over-the-counter) wallets, indicating distribution intentions rather than direct escalation.
Institutions prefer to hold off on injecting new liquidity, which explains the temporary slowdown in momentum.
✅ Summary and recommendations beneficial for everyone:
🔸 The market is in a temporary and healthy correction within a larger upward wave.
🔸 It is preferable for traders to wait for a confirmation signal from MACD or a strong reversal pattern before entering again.
🔸 For long-term investors, levels between 98,000 ~ 105,000 are considered excellent buying areas.
✒️ Your brother Muhammad buino Kasr al-Kabir ♨️🥰