BITCOIN → Consolidation in the medium term. Focus on 109,5K

一昨日

BTCUSDT.P is forming a trading range after a sharp decline. Each distribution is followed by consolidation before the next distribution. Market phases in all their glory

After a sharp decline, Bitcoin is entering a consolidation phase, forming a trading channel of 109,500-115,700. A liquidity pool has formed relative to the lower boundary and resistance at 113600, which can be liquidated in turn (within the current consolidation).
Technically, the market has paused for consolidation and stabilization of the situation provoked by Trump and the liquidation. There are no technical prerequisites for the price to break out of the range. There is a liquidity pool relative to 109500, formed by the halt in the decline on October 11 and the retest on October 14, which may be of interest to MM before the growth.

Support levels: 109500, 108500
Resistance levels: 113,600, 115,730

Classic consolidation, the boundaries of which have not yet been tested. Possible false maneuvers relative to the specified levels to form a large MM position before moving in one direction or another in the medium term. Major players are still uncertain about further movement due to Trump's activism and his tariff strategy, which creates additional risks, and for this reason, I would not expect strong growth beyond the specified boundaries for now.

Sincerely, R. Linda!

一昨日

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