Today BTC showed the largest two-hour bearish candle since mid-August, testing key resistance levels. However, the dynamics turned out to be too sharp — many traders are not fond of such movements.
🎯 Key levels:
Current price: ~$112 390
Critical support: $111 325 (minimum) and $110 198 (psychological level)
Fact: the price tested $110 286 and bounced back, but has not yet settled above important moving averages.
📉 Technical picture:
On lower timeframes (hourly, 2-hour), the price has entered short-term downtrends.
Downtrend targets: $110 243 → $109 578 → $108 914.
To recover, it needs to settle above $110 840 — the zone where key EMAs are located.
💡 What is important to consider?
The market continues to shake out weak longs before the rise — this is classic behavior in a bull trend. As long as BTC holds above $110 200, a correction can be seen as an opportunity to accumulate.
But be careful: if the rise starts after the US trading closes — a gap to Monday is not excluded.
🔍 Your view?
Do you think this is just a temporary correction before a new upward push? Or should we wait for a new downturn?
Share your opinion in the comments! 👇
