Doctor Bitcoin

$BTC
Potential Recommendations

Close monitoring of the 113,000–114,000 dollar area is advised as a critical level: a stable break below it could lead to further declines, while staying above it may lead to a retest of resistance levels at 116,000 to 120,000 dollars.

$SPK
Analysis of the Current Downward Channel – SPK/USDT

🕓 Time Frame:

4 Hours (H4) + Support from the Hourly Frame (H1)

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🔻 Features of the Downward Channel:

Element Approximate Level

Upper Limit (Resistance) From ~0.135 $ to ~0.11 $
Lower Limit (Support) From ~0.09 $ to ~0.078 $
Trend Angle Sharply Downward Since July 23

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🔁 Movements Within the Channel:

The price has bounced several times from the upper limit and has not been able to break through.

The lower limit acts as support, bouncing from 0.087 $ today.

Every rise currently is met with quick profit-taking, confirming the continuation of the downward path unless the upper limit is broken.

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📌 When do we exit the channel?

Breaking the upper limit at ~0.11 $ to 0.115 $ with a strong 4-hour candle and high trading volume = Signal for a potential trend change.

Breaking the lower limit below ~0.078 $ = Acceleration downwards towards 0.065 $ then 0.039 $.

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📊 Supporting Technical Indicators:

RSI: Currently in the range of 40–50, neutral leaning downwards.

MACD: Slightly negative, the last crossover is weak.

Volatility Bands: Narrow, indicating a strong movement is near (upwards or downwards).

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🧭 Summary:

✅ The currency has been moving in a clear downward channel since mid-July.
❌ It has not broken the upper limit yet, so there is no confirmation of an upward reversal.
📌 The 0.11 $ area is key currently: either the beginning of a breakout or a continuation in the downward trend.

$SPK
If the momentum is weak, it continues to decline. If the momentum is strong, it continues to rise. Watch the size of the candles and make your decisions.

$SPK
Quick Technical Summary:

General Trend: In the short term, the price is in a sideways range leaning downwards.

RSI (Relative Strength Index): Fluctuating between 40–50 on the hourly timeframe, indicating relative neutrality.

If the price breaks the level of $0.0870, it may head directly to the next support at $0.0780.

However, if it breaks $0.0950 with strong trading volumes, we may see a return to $0.1050 then $0.1200.

$SPK
Resistance Areas Today
0.0950 $ Nearby resistance tested today and the price was rejected from it.
0.1050 $ Strong previous resistance – the start of the previous collapse from it.

Support Areas
0.0870 $ Current support that was bounced from today, represents today's low.
0.0780 $ Previous strong support, formed a bounce base at the end of July.

The ascending channel raises peaks and troughs

$BTC
✅ Main Support Area:

First Support: $114,000

Tested several times over the past few days.

It forms a clear rebound zone on the 4-hour and daily timeframe.

Second Stronger Support: $110,000

Considered a pivotal psychological and technical support.

Breaking it may open the way for a deeper drop to $105,000 or $100,000.

Third (Extended) Support: $104,000–$105,500

Previous corrective area, showing strong institutional buying orders.

$SPK
The correction will be harsh

After breaking the resistance

$SPK
Current Price ~$ 0.098
Nearby Resistance $0.11 – $0.117
Immediate Support $0.095 – $0.09
Distant Support Levels ~$0.078, ~$0.062
Volatility Very High (~62% Fluctuation)
Technical Signals RSI ~78 → Strong Correction Likelihood

$SPK
The currency is under selling pressure after a strong rise, with signs of weak buying appearing in RSI and MACD.

Proposed selling targets:

Target Potential

First target (TP1) 0.090 $ Previous horizontal support + bottom of the fluctuation area
Second target (TP2) 0.085 $ Stronger support from July 28
Third target (TP3) 0.076 – 0.080 $ Monthly support, + Strong demand area
Fourth target (TP4) 0.062 – 0.065 $ Distant support (end of correction)

$SPK
ضغط على العرض بسبب التجميد
تم تجميد أكثر من 120 مليون SPK ناتج عن عمليات staking، مما يقلّل العرض المتداول ويضع ضغطًا صعوديًا على السعر.

نقاط يجب مراقبتها

موعد انتهاء الإيردروب والتجميد: بعد 29 يوليو، قد يتراجع الطلب على التجميد ويبدأ بيع تدريجي.

$SPK
Update
Breaking 0.087 dollars could lead to a deeper correction towards ~0.07 dollars.

$SPK
The channel is rising but there is no strong momentum, the RSI indicator is above 70 indicating overbought conditions. The correction wave has been confirmed with the closing of the 4-hour candle below 0.095.
The primary and secondary support levels have been broken, with strong support at 0.085 - 0.080 $. This was previously alerted in my earlier posts, and God knows best.

$SPK
The RSI on the hourly frame is around ~80 and seems to be stuck at its last peak without exceeding it.

This indicates weak buying momentum compared to the previous rise, and it is a warning of a potential correction even within an upward channel.

The 4-hour frame shows that the RSI has exceeded the level of 86, which reflects significant overbought conditions.

$SPK
If it breaks 0.095$ with a 4-hour closing, the correction may extend to 0.085$.

Monitor the trading volume and reversal candles (such as Hammer or Bullish Engulfing) in these areas to confirm buying opportunities.

$SPK
Technical Notes:

The price is currently fluctuating below the resistance of $0.10, which is a significant psychological barrier.

A strong candle closing above $0.12 could confirm the beginning of a new upward wave.

A breakout at $0.13 would be a very positive technical signal and push the price towards $0.15.

$SPK
🔍 Resistance Levels

Strong Resistance 1: Around 0.13 – 0.14 USD due to the presence of accumulated short positions that are subject to liquidation. If broken, this may trigger forced buying (short squeeze) with a potential price reaching 0.17 USD or even 0.20 USD.

Secondary Resistance: At 0.15 – 0.17 USD according to extended Fibonacci levels. Breaking this area could open the way towards 0.20 USD and beyond.

🛡️ Support Levels

Immediate Support: At approximately 0.11 USD, which is a moving average level listed as a dynamic support indicator (20-day EMA). If the price does not maintain this support, a drop towards 0.10 USD or even 0.09 USD is expected.

Deeper Support: In the range of 0.087 USD to 0.09 USD, where there is an opportunity for a healthy correction before attempting to regain positive momentum.

Critical Long-term Support: At 0.04 ‑ 0.05 USD, which is the level that formed a base before the previous upward breakout. The price would have lost most of its momentum if it falls below this level.

$SPK What does auditing mean?

Are you a whale and did you come out or what?