I have been warning you for the last 45 days that a big dump was coming and now it’s 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 115K–116K is possible, but after that I expect another leg down toward 100K, and potentially lower to 90K. I’m still holding my 50% short position. If anything changes or I close my position, I’ll update you. Remember I mentioned earlier that if BTC went back to 125K–128K, I would add more shorts and that plan hasn’t changed.
Till Monday, I expect some volatility, but Monday’s price action will give a clearer direction.
🔸 Weekly: BTC touched the long-term trendline again → clear rejection happened. 👉 Until we get a weekly close above 125K, the risk of a major pullback stays high.
🔸 Daily: Price is inside the 110K–125K supply zone. Structure is weak. If price breaks and resists below 110K, then 100K is the next target.
📊 My Trade:
✅ First target 105K hit Holding 50% shorts, expecting a bounce to 115K, then lower.
For the last 40 days I’ve been telling you guys I’m bearish on $BTC. We already dropped almost 8K twice, but every time Bitcoin reclaimed the levels again. Right now it’s trading around 18K to 119k but nothing has changed for me. I’m still bearish.
I’ve said many times that the 115K to 124K region is a short zone, not a long zone. If you’re still holding longs, I’d strongly suggest you flip to shorts because the chart is flashing multiple top signals.
Don’t get trapped by hype like “Bitcoin to 1 million by the end of this year.” That’s just noise. The structure is weak, liquidity is being engineered, and the bigger downside move is still ahead.
😁😉😁 Two important #Bitcoin support levels are approximately 77,500 and 75,600. If the price breaks above either of these levels, it will move towards higher or lower targets.
⭐ According to an announcement on the official CoinEx website, the exchange has announced that it will gradually cease operations after nearly 9 years.
❗️CoinEx cited the prolonged downturn in the cryptocurrency market, declining trading volume and liquidity, and rising legal and regulatory costs as the main reasons behind the decision.
📅 According to the announcement:
🔹 September 15: New user registrations will stop. Futures trading will switch to Reduce-Only mode, meaning existing positions can only be reduced or closed.
🔹 September 22: Futures trading, staking, lending, and other non-spot services will be suspended.
🔹 September 29: All spot trading will be suspended.
🔹 December 22: Withdrawals will be closed, and the platform will be completely shut down.
⚠️ CoinEx users should review their positions and withdraw their assets before the final deadline.
$ARPA has been building a base for months inside this accumulation zone, and now price is pushing right into the long-term descending trendline.
The setup is getting interesting, but the breakout is NOT confirmed yet.
I want to see $ARPA break and hold above the downtrend, ideally with a strong daily close. If that happens, the structure could finally start changing.
For now, I’m watching the breakout closely.
Breakout confirmed → $0.014 → $0.018 → $0.020+ 🎯
Until the trendline is broken and holds as support, I’m not calling it a breakout yet.