Bitcoin ($BTC) is currently testing the $59,700 resistance level, and there's a possibility that it may break through. If this happens, the market could move towards $61,500 or even $65,000. However, it’s important to note that the direction of the market is uncertain, and these movements are not guaranteed. Key Levels to Watch:
- Resistance: $59,700 - Potential Targets: $61,500 and $65,000 (If resistance is broken)
Market conditions can change rapidly, so it's essential to stay informed and make decisions based on your own research.
Pair: BTC/USDT Current Price: $105,232 (-5.07%) 24h Range: $104,505 – $111,982 Market Sentiment: ⚠️ High Volatility
📊 Market Overview:
Bitcoin faced strong selling pressure today, dropping to around $105K. In the last 24 hours, the price fell from $112K to $105K, signaling profit-taking and short-term panic sell across the market.
📉 Moving Averages:
MA(7) crossed below MA(25) → Short-term bearish signal
Trading volume remains high → Indicates active selling and liquidity shift
🧠 Technical Analysis Insight:
Immediate Support: $102,000 – $100,000
Major Support: $97,500 – $95,000
Resistance Zone: $111,000 – $115,000
RSI is near the oversold zone, meaning a technical bounce or short recovery could happen soon. However, the overall structure remains bearish in the short term.
🌐 Macro Factors:
Recent comments from Federal Reserve Chair Jerome Powell about balance sheet reduction and liquidity tightening are shaking global markets.
Investors are moving toward safer assets, creating temporary pressure on crypto and stocks.
📈 Trader’s View:
If I were trading this market:
Spot Entry Zone: $100K–$102K (ideal for slow DCA entries)
Stop-Loss: Below $97K
Short-Term Target: $111K–$114K rebound possible
Mid-Term View: If stability returns, BTC could climb back above $120K
⚠️ Summary:
🔹 Market is extremely volatile — expect strong movements. 🔹 Short-term still bearish, but long-term bullish structure remains. 🔹 Best strategy: Stay calm, avoid panic sells, and monitor the $100K zone carefully.
💬 If you’re holding BTC — don’t panic! The $100K support zone could become the next bounce area before a reversal. 🚀
ONDO is showing strong volatility today with heavy selling pressure across the market. Price has dropped over 11% in the last 24 hours, and indicators suggest increased bearish momentum.
⚠️ Important Note: Tomorrow marks ONDO’s token unlock event, which could add additional selling pressure. If large holders decide to take profit, price may face a sudden spike down toward the $0.45–$0.50 range before any possible recovery.
Traders should be cautious — volatility is expected to remain high during the next 24–48 hours.
🔍 This is not financial advice. Always DYOR before trading.
Yesterday BTC update i said first target 108843 and today hit
SHOWAIB SIDDIKY
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Bearish
📊 $BTC /USDT Technical Analysis Update
🔴 Current Price: $113,247 (-2.36%)
📉 Technical Overview: Bitcoin is experiencing a healthy correction after testing $124K highs. The chart shows a clear descending channel pattern with multiple trend line confirmations.
🎯 Key Support Levels:
1️⃣ First Support: $108,000-$108,843 • Previous resistance turned support • High volume accumulation zone • Expected bounce area for relief rally
2️⃣ Critical Support: $105,000-$106,000 • Major psychological level • 50% Fibonacci retracement • Strong institutional buying zone
3️⃣ Major Support: $97,000 • Ultimate support for bull market structure • Previous major resistance level • Maximum correction expectation
📈 Market Outlook: Short-term momentum suggests continuation toward $105K-$108K range. This correction creates excellent accumulation opportunities for strategic buyers.
⚡ Trading Strategy: • Bulls: DCA in $105K-$108K zone • Wait for volume confirmation at support • Use proper risk management
📉 Technical Overview: Bitcoin is experiencing a healthy correction after testing $124K highs. The chart shows a clear descending channel pattern with multiple trend line confirmations.
🎯 Key Support Levels:
1️⃣ First Support: $108,000-$108,843 • Previous resistance turned support • High volume accumulation zone • Expected bounce area for relief rally
2️⃣ Critical Support: $105,000-$106,000 • Major psychological level • 50% Fibonacci retracement • Strong institutional buying zone
3️⃣ Major Support: $97,000 • Ultimate support for bull market structure • Previous major resistance level • Maximum correction expectation
📈 Market Outlook: Short-term momentum suggests continuation toward $105K-$108K range. This correction creates excellent accumulation opportunities for strategic buyers.
⚡ Trading Strategy: • Bulls: DCA in $105K-$108K zone • Wait for volume confirmation at support • Use proper risk management