$BTC 20/10/2025
We had a good weekend and Monday wasn't bad either, of course, we had Trump talking again about tariffs against China and mentioning the Aircraft sector in that, which did not please the market at all, but we are still holding the #BTC price well.
We recovered the level $109.7K which was our first target here. It is evident that we have the EMAs (4h) still working against the price, but we should reverse this soon.
The red range on the chart should now remain as support, we have already retested it, but it has not shown the strength it should, we need to do this by Thursday. As soon as the support at $109.6K is maintained, we will quickly go to $123K, since there are many SHORTs above the current price, and the liquidation/forced closing of these positions will help us rise very quickly.
In any case, the $107K should be maintained as a strong support, although I do not expect a move down to there.
I know it’s always easier to be bearish in these moments, but stay clear-headed and have a plan.
Our Asian friends are the ones in control here, and the ball is in their court now, a good session and we might finally have a broader recovery in the market.
Tomorrow we have no Economic data, which gives us some time for the BULLS to show some real strength here.
It is important to remember that the small investor is completely shattered by the recent large liquidation, and any downward movement leaves them weakened, it is in this environment that the big players like to play with the mindset of traders.
Stay focused!
New ATH in November!
We had a good weekend and Monday wasn't bad either, of course, we had Trump talking again about tariffs against China and mentioning the Aircraft sector in that, which did not please the market at all, but we are still holding the #BTC price well.
We recovered the level $109.7K which was our first target here. It is evident that we have the EMAs (4h) still working against the price, but we should reverse this soon.
The red range on the chart should now remain as support, we have already retested it, but it has not shown the strength it should, we need to do this by Thursday. As soon as the support at $109.6K is maintained, we will quickly go to $123K, since there are many SHORTs above the current price, and the liquidation/forced closing of these positions will help us rise very quickly.
In any case, the $107K should be maintained as a strong support, although I do not expect a move down to there.
I know it’s always easier to be bearish in these moments, but stay clear-headed and have a plan.
Our Asian friends are the ones in control here, and the ball is in their court now, a good session and we might finally have a broader recovery in the market.
Tomorrow we have no Economic data, which gives us some time for the BULLS to show some real strength here.
It is important to remember that the small investor is completely shattered by the recent large liquidation, and any downward movement leaves them weakened, it is in this environment that the big players like to play with the mindset of traders.
Stay focused!
New ATH in November!