For the upcoming week, BTC/USD maintains a clear bearish flow, supported by market structure, liquidity behavior, and weekly imbalance levels.
🔻 Primary Scenario (Bearish Bias)
I expect a continuation to the downside toward the zone: ➡️ $92,800 – $86,500
Before reaching this draw-on-liquidity zone, a technical correction is likely.
🔄 Expected Retracement (ICT Model)
After sweeping the external liquidity around $98,200, a retracement into the FVG located at: ➡️ $99,500 – $101,000
is a logical move to grab internal liquidity before continuation to the downside.
🎯 Key Levels & Liquidity Zones
FVG (4H–1D): $99,500 – $101,000 → potential retracement area
Weekly Draw on Liquidity: $92,800 → first downside target
Extended downside zone: $86,500 if structure continues lower
📌 Conclusion
Market direction remains bearish as long as price stays below $101,000. Given the current order flow, selling retracements is more favorable than buying dips.
Most altcoins, including TLM, are currently in a bearish channel with a target towards 0.109. The crypto market as a whole is entering a correction phase after the sharp rise of recent weeks. This correction is beneficial to attract investors towards the support with a view to a more significant next increase. Stay alert for opportunities. #crypto2023 #BinanceBlockchainWeek
A correction is expected on BTC/USDT towards 31,700. This could well happen in the market before the start of the new year, thus preparing for the BTC halving. Warning ⛔️: no purchases before 31,700. Have a good week! #BTC🔥🔥 #crypto2023
BTC dominance has established a bearish flag pattern, duly confirmed following the breach of the flag support at 52.78%, pointing to a target of approximately 51.8%. Should Bitcoin’s price surge while dominance continues to decline, it is likely to expedite the upward momentum of altcoins. Keep a vigilant watch on this scenario for potential opportunities and shifts in the market dynamics.
Technical analysis of the RDNT/USDT pair on the daily chart indicates a validated double bottom pattern. I recommend placing a stop-loss order with the daily candle closing below the neckline at 0.253. The profit target is set at the distance between the trough and the neckline, aiming for 0.33. This analysis suggests a substantial upside potential, contingent upon the confirmation of the double bottom pattern.