I have been warning you for the last 45 days that a big dump was coming and now itās playing out exactly. Bitcoin has already dumped around $20K and is now trading near 112K, right at the major resistance zone that has triggered every big correction since 2018.
A small bounce to 115Kā116K is possible, but after that I expect another leg down toward 100K, and potentially lower to 90K. Iām still holding my 50% short position. If anything changes or I close my position, Iāll update you. Remember I mentioned earlier that if BTC went back to 125Kā128K, I would add more shorts and that plan hasnāt changed.
Till Monday, I expect some volatility, but Mondayās price action will give a clearer direction.
šø Weekly: BTC touched the long-term trendline again ā clear rejection happened. š Until we get a weekly close above 125K, the risk of a major pullback stays high.
šø Daily: Price is inside the 110Kā125K supply zone. Structure is weak. If price breaks and resists below 110K, then 100K is the next target.
š My Trade:
ā First target 105K hit Holding 50% shorts, expecting a bounce to 115K, then lower.
For the last 40 days Iāve been telling you guys Iām bearish on $BTC. We already dropped almost 8K twice, but every time Bitcoin reclaimed the levels again. Right now itās trading around 18K to 119k but nothing has changed for me. Iām still bearish.
Iāve said many times that the 115K to 124K region is a short zone, not a long zone. If youāre still holding longs, Iād strongly suggest you flip to shorts because the chart is flashing multiple top signals.
Donāt get trapped by hype like āBitcoin to 1 million by the end of this year.ā Thatās just noise. The structure is weak, liquidity is being engineered, and the bigger downside move is still ahead.
$BEAT just broke above a major weekly resistance zone and is now trading around the breakout area.
The key thing to watch is whether price can hold this region as support. A successful retest with sustained buying pressure would strengthen the bullish structure and increase the chances of a continuation toward higher levels.
As long as the breakout zone remains intact, the trend favors the upside. Losing this area on a weekly closing basis would be the first sign that momentum is fading and a deeper pullback may be needed before the next leg higher. š„š
š» $NEAR delivered nearly a 5% move from this resistance zone yesterday and is now back in the same shorting range. As long as sellers defend this area, another rejection toward lower levels remains likely.
$WLD failed to break above the accumulation zone last week, but buyers are making another attempt. A clean breakout and hold above this range on the daily or weekly timeframe would be a strong sign that accumulation is complete. If price can establish support above this level, the next phase could be a significant expansion move, with the $3 to $4 region becoming a realistic target over the coming months. šš
Crypto Skull Signal
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Bullish
$WLD is finally showing signs of life after a long downtrend. Buyers are defending the accumulation zone, and price has broken above the descending trendline that has been acting as resistance for months.
A weekly close above this breakout level could trigger a stronger recovery move. The first major hurdle remains around $1.30, but if momentum continues to build, WLD could gradually work its way toward the $2 to $3.50 range over the coming months.
For now, the key is holding above the breakout area. As long as that support remains intact, the bearish structure starts to weaken and the recovery narrative stays in play. šš {future}(WLDUSDT)
$4 is showing strong strength after bouncing from a key demand zone and breaking above the long-term descending trendline.
The recent move has pushed price back above the 50 EMA, while the 99 EMA remains the next major level to reclaim. If buyers maintain momentum and hold the breakout area as support, a continuation toward higher resistance levels could follow in the coming sessions. šš„
š $BTW bounced perfectly from the rising trendline and moving average support, reclaiming the lower boundary of the channel after the recent rejection.
This reaction shows buyers are still defending the bullish structure. As long as price remains above the trendline and key moving averages, the channel remains intact, and a breakout above the channel resistance could trigger a strong continuation move toward the $0.10-$0.12 region. šš„
Crypto Skull Signal
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Bullish
šØ $BTW delivered a strong 40% pump exactly as expected, but price faced heavy rejection at the channel resistance zone.
Now the key level to watch is the rising trendline support. As long as this support holds, the bullish structure remains intact and another push toward higher highs is possible. However, a breakdown below support could trigger a deeper correction before the next major move. šā ļøš„ {future}(BTWUSDT)
šØ $BTW delivered a strong 40% pump exactly as expected, but price faced heavy rejection at the channel resistance zone.
Now the key level to watch is the rising trendline support. As long as this support holds, the bullish structure remains intact and another push toward higher highs is possible. However, a breakdown below support could trigger a deeper correction before the next major move. šā ļøš„
Crypto Skull Signal
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Bullish
š $BTW is respecting the rising trendline perfectly and continues to print higher lows above key support.
As long as the trendline holds, this consolidation looks like a bullish continuation structure, with a breakout above resistance potentially triggering a strong move toward the $0.08-$0.12 region. šš„ {future}(BTWUSDT)
š $BTW is respecting the rising trendline perfectly and continues to print higher lows above key support.
As long as the trendline holds, this consolidation looks like a bullish continuation structure, with a breakout above resistance potentially triggering a strong move toward the $0.08-$0.12 region. šš„
š $SIREN respected the breakout perfectly and delivered a massive +93% pump after holding above the descending trendline.
The breakout confirmation attracted strong buying pressure, and as long as the breakout zone continues to hold as support, $SIREN could be preparing for another leg higher toward key resistance levels ahead. šš„
Crypto Skull Signal
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Bullish
$SIREN is waking up after weeks of consolidation. Price has broken above the descending trendline, volume is picking up, and buyers are starting to regain control.
The key level now is holding above the breakout zone around $0.65 to $0.70. If bulls can defend this area, the next major targets sit around $1.00, $1.50, and potentially $2.50+ as momentum accelerates.
The trend has shifted from compression to expansion. As long as support holds, this breakout could be the start of a much larger move. šš