I have been warning you for the last 45 days that a big dump was coming and now itโs playing out exactly. Bitcoin has already dumped around $20K and is now trading near 112K, right at the major resistance zone that has triggered every big correction since 2018.
A small bounce to 115Kโ116K is possible, but after that I expect another leg down toward 100K, and potentially lower to 90K. Iโm still holding my 50% short position. If anything changes or I close my position, Iโll update you. Remember I mentioned earlier that if BTC went back to 125Kโ128K, I would add more shorts and that plan hasnโt changed.
Till Monday, I expect some volatility, but Mondayโs price action will give a clearer direction.
๐ธ Weekly: BTC touched the long-term trendline again โ clear rejection happened. ๐ Until we get a weekly close above 125K, the risk of a major pullback stays high.
๐ธ Daily: Price is inside the 110Kโ125K supply zone. Structure is weak. If price breaks and resists below 110K, then 100K is the next target.
๐ My Trade:
โ First target 105K hit Holding 50% shorts, expecting a bounce to 115K, then lower.
For the last 40 days Iโve been telling you guys Iโm bearish on $BTC. We already dropped almost 8K twice, but every time Bitcoin reclaimed the levels again. Right now itโs trading around 18K to 119k but nothing has changed for me. Iโm still bearish.
Iโve said many times that the 115K to 124K region is a short zone, not a long zone. If youโre still holding longs, Iโd strongly suggest you flip to shorts because the chart is flashing multiple top signals.
Donโt get trapped by hype like โBitcoin to 1 million by the end of this year.โ Thatโs just noise. The structure is weak, liquidity is being engineered, and the bigger downside move is still ahead.
That was a wrong tradeโฆ. I make profits, i accept I make losses, i accept
One successful call cannot only recover losses but also deliver double the profits! ๐ Thank you for your trust, โค๏ธ and stay tuned for our next trade post.
It's starting to look interesting, but I'm not getting excited just yet.
If price can reclaim $2.34 and actually hold above it, I think that's when the real move begins. From there, I wouldn't be surprised to see it work its way toward the $4+ area.
Until then, I'm staying patient. I'd rather wait for confirmation than chase the price. ๐
The setup played out exactly as expected, and we're now up over 52% from the entry.
This is why I always say to trust the setup instead of chasing random pumps. Patience pays.
If you took this trade with me, congratulations. Lock in profits if needed and manage your risk.
One more clean winner for the community. ๐๐
Crypto Skull Signal
ยท
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Bullish
$BTW is still holding its structure and trading right at the tip of the triangle.
The price hasn't broken out yet, but it's getting very close. A clean 4H close above the descending trendline could be the trigger for the next move higher.
As long as the rising support continues to hold, the bullish setup remains valid. The breakout looks like it's only a matter of time if buyers keep the pressure on.
I've been watching $KAITO for weeks, and it's finally starting to play out.
The downtrend is broken, momentum is building, and buyers are stepping back in.
As long as price holds this demand zone, I still believe this move has more room to run. A clean hold here could send price toward the $2+ region in the coming weeks.
I'm staying bullish on this one until the chart tells me otherwise. ๐๐
$BTC is still trading around 64K, and honestly, nothing has changed since my last Sunday update.
The market is still moving inside the same range, and my overall outlook remains exactly the same. Until Bitcoin either breaks above the resistance zone or loses the lower support, there is no reason for me to change my strategy.
As I've been saying for weeks, the 69K to 72K area remains my main resistance zone. If Bitcoin rallies into that region, I'll be looking to add more short positions. My limit orders are already waiting there.
On the downside, my preferred buying area for spot remains below 54K. That's where I believe the risk-to-reward becomes much more attractive, and I'll continue building my long-term spot position in that region.
Right now, Bitcoin is trading in the middle of the box. For me, this isn't a good place to open aggressive longs or fresh shorts. The middle of a range usually offers the worst risk-to-reward. I'd rather stay patient and wait for price to come to my levels instead of chasing the market.
Nothing has changed in my higher time frame view. I'm still holding my existing short positions, and I'm still waiting for Bitcoin to revisit my resistance zone before adding more.
If the market structure changes, I'll update my view immediately. Until then, my strategy remains exactly the same.
This is my personal market view, not financial advice. Always do your own research and manage your risk.
Crypto Skull Signal
ยท
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Bullish
#Bitcoin Sunday Analysis
$BTC is still trading around 64K, and nothing has changed in my bigger view. For months I've been saying that the 60K to 54K area is the bottom of the current range, where short-term buying opportunities exist. The strategy has been simple from day one: buy near support and sell into the 69K to 72K resistance zone. So far, that approach has worked multiple times.
However, my outlook is starting to shift. Every time Bitcoin tests the 60K to 54K support, it becomes weaker. That's why I believe the next important buying area for spot will be below this range, around 54K, 53K, 52K and even 50K. Those are the levels where I'll begin building a much larger spot position.
Buying aggressively at the current price doesn't make much sense to me. I'd rather wait for stronger discounts than chase a relief rally.
My short positions remain completely open, and I'm still bearish on the higher time frame. I continue to believe the 69K to 72K area will act as major resistance, and my limit orders are already waiting there. If Bitcoin reaches that zone, I'll add more shorts.
My plan is straightforward. Hold my existing shorts, add more between 69K-72K if price gives the opportunity, and continue building spot positions below 54K.
I'm not planning to close my main short positions until I see Bitcoin trading below 50K. That remains my primary target unless the market structure changes.
people asked why I'm still bearish. The answer is simple. My higher time frame analysis hasn't changed. I warned about the top around 118K to 122K, added again around 97K, and added more around 82K. Those trades are public, and anyone can verify them through my previous posts
If market conditions change, I'll update my outlook immediately. Until then, I'm sticking with the same plan.
In my opinion, we're still in a bear market. I don't believe the final bottom is in yet, and I still expect another major capitulation before the next long-term bull cycle begins.
This is only my personal market view, not financial advice. Always do your own research and manage your risk.
$BANK is pushing into a major resistance zone after an explosive run.
For me, this looks more like distribution than the start of another big leg up. As long as price stays below this resistance, I'm expecting a rejection and a move back toward the 0.14โ0.15 area.
I'd rather wait for the pullback than FOMO into the top. ๐
This rally has been impressive, but we're now running into a major long-term resistance area. For me, this isn't a place to get excited about buying.
Everyone knows this is nothing more than a fake pump.
Smart money sells into euphoria. Retail buys after the move.
Chasing longs at these levels, right below major resistance, is exactly how people get trapped. I think the risk is still to the downside. I'm watching 4,800โ5,000 as the first key support, and if that fails, a move toward 3,300โ3,500 wouldn't surprise me.
I could be wrong, and the market will decide. But based on the current structure, I'm staying bearish until the chart gives me a reason to change my mind. ๐