🟥 $BTC
#BTC - Market Update
A bearish correction phase is in full swing.
🔸H4: Price action has flipped bearish [Ichimoku confirmation].
🔸Weekly: Still bullish, this looks like a typical correction or “market breath” before another potential high.
Recent moves:
🔸The H4 range broke to the downside, with $116,000 now acting as strong resistance⚠
🔸$113,000 is holding as local support for now, but pressure remains. I’m expecting a deeper move toward $110,500–$110,000 next. 📉
Key zone for a healthy bull retest (and end of the correction):
🔸110,000 - $107,000–$105,000–$104,000 on the weekly, watch this cluster for potential bounce/reversal. 💡 Also keep an eye on the D1- W uptrend to keep the bull momentum📈
Major Levels to Watch:
🔹Resistance: 115,300 | 116,100 | 117,500 | 119,600
🔹Support: 113,200 | 112,600 | 110,500 | 107,000 | 105,000
Patience & discipline over FOMO, let the market show its hand!