🚨 $BTC
Bitcoin's price hovers around 113k, and the two moving averages have shifted...
🚩 Red flags you can't ignore
We have three daily threats to reversal signals: evening star, tweezer top, and doji candle, sitting right at resistance. 📉 This combination often precedes continued downside at its highest levels. The MACD is buried below the signal line (bearish momentum), and the volume oscillator is negative (rallies lack real participation), while the RSI ≈ 41.5 indicates that sellers still have room before anything looks overbought. Simply put: this pullback has legs.
What it means: Until bulls reclaim the EMA range, the path of least resistance is down, and failing to retest EMA20/EMA50 sets up major short positions.
📊 Demand flow supports the bears
No clear buying margin. The buying imbalance in OB is 9.3%, below the 'safety line' of +10% indicating supporting buy interest. Funding is around 0.0096% (neutral; no pressure), while open positions remain stable, prompting a quicker move in case of support collapse. 🧨 If the price drops, these positions might fade.
🧭 The line in the sand
As long as Bitcoin's price remains below the 114,682-116,339 level (the range of the 20/50 exponential moving average), every rise represents another opportunity to take profits. If the price loses the 200 exponential moving average at 103,377, it will quickly start trading at the nearest green support at 100,000. If the price retracts from the 100,000 level, 98,200 will be the weakness point where selling could accelerate.
Bullish repair plan: Bulls need a strong daily close above the exponential moving average range (≥ 116,339) with increased trading volume to neutralize the reversal setup and reopen the upward path to 120k → 124,474. Until then, the upward trend remains limited.
✅ Practical tips (not financial advice)
Bias: Bearish while under 114,682–116,339.
In case of short selling: Look for failed retests of the EMA range; confirm with weak push volume and trading momentum retracting again.
Invalidation: Daily close above 116,339 with expanding volume and increasing MACD.
Negative checkpoints: 110k → 106k → 103,377 (EMA200) → 100k → 98,200.
Risks: Monitor with ATR/EMA; expand at levels; avoid over-leverage.
🧨 Verdict
Until proven otherwise, the path of least resistance is downward. A negative daily close from here could lead Bitcoin's price toward 100k quickly. Don't let yourself risk a large loss at resistance.
⚠️ Final warning and reminder
Cryptocurrencies are highly volatile and may move violently around these levels. Always be sure to size your positions, size them carefully, and use strict stop orders. This is not financial advice, but first protect your capital, then seek profits. 🙏
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