🪙 Bitcoin (BTC) Technical Outlook – Caution Advised for Retail Traders
The broader market structure for BTC remains bullish, no doubt. However, on the daily timeframe, we’ve observed a clear bearish move, indicating potential short-term weakness.
Key Resistance Levels to Watch:
First Resistance: 102,851
Second Resistance: 103,665
Both of these levels could act as potential zones for a sell-off, especially if BTC shows signs of exhaustion near these zones. If price reacts bearishly here, we could see a corrective move towards the 96,466 level, which serves as a reasonable downside target.
Important Scenario to Monitor:
If the market attempts a liquidity hunt above the second resistance at 103,665, the situation could get tricky. While this might look like a breakout, it may not sustain bearish momentum beyond that level — indicating market indecision or a possible trap.
⚠️ Final Note for Retail Traders:
BTC is currently creating confusion, and retail traders should exercise extra caution. The market might visually appear to be setting up for a sell, but could quickly reverse, shaking out early entries. Avoid trading emotionally and wait for clear confirmation before entering positions.
The broader market structure for BTC remains bullish, no doubt. However, on the daily timeframe, we’ve observed a clear bearish move, indicating potential short-term weakness.
Key Resistance Levels to Watch:
First Resistance: 102,851
Second Resistance: 103,665
Both of these levels could act as potential zones for a sell-off, especially if BTC shows signs of exhaustion near these zones. If price reacts bearishly here, we could see a corrective move towards the 96,466 level, which serves as a reasonable downside target.
Important Scenario to Monitor:
If the market attempts a liquidity hunt above the second resistance at 103,665, the situation could get tricky. While this might look like a breakout, it may not sustain bearish momentum beyond that level — indicating market indecision or a possible trap.
⚠️ Final Note for Retail Traders:
BTC is currently creating confusion, and retail traders should exercise extra caution. The market might visually appear to be setting up for a sell, but could quickly reverse, shaking out early entries. Avoid trading emotionally and wait for clear confirmation before entering positions.
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免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。