• Bitcoin failed to hold above $114,700, while alternatives showed a strong reaction at this level but it wasn't completed, and Bitcoin is currently trading at $112,300.

• Current assessment:

There are significant liquidations for speculators at the level of 111,200$ (May God grant us health). If the price reaches it and bounces back, the area of 114,700$ remains the safety zone for the assessment.

• However, if it breaks and closes daily below it, there will be a test of the level of $105,000.

• What is currently pressuring the market is the common belief that the period from October to December will witness a major upward wave, which drives many to invest over this horizon without actual trading. The result: the market becomes heavy until a "scare shake" occurs, forcing a large number of investors to exit at a loss, opening the way afterwards for strong upward movement.

🔹 And God knows best.

🤝 May God grant us all success. If you are benefiting from the updates, let me know in a private message, I love to hear your stories and this is what drives me to continue.