$BTW Full Target Hit — But Is This Support Worth Buying? As | Pejmanzwin sur Binance Square

Publier

--Baissier

$BTW Full Target Hit — But Is This Support Worth Buying?

As expected, Bitway experienced a correction of more than 20% and the previous bearish analysis has now successfully reached the Full Target.

I hope you were able to take advantage of the move and secure some profits.

BTW is now trading inside the important $1.60–$1.91 Support Zone.
Price is also approaching the Cumulative Long Liquidation Leverage at $1.55–$1.64, creating an area where a short-term bullish reaction could develop.

However, despite this support confluence, I would not chase a Long Position on BTW at this stage.

Recent volatility remains extremely high, and a reaction from support does not automatically confirm that the correction is over.

I would prefer to wait for a clear bullish trigger and confirmation before considering any Long setup.

The bearish setup delivered successfully — now the focus shifts to whether buyers can genuinely defend this support structure.

What comes next for BTW?

🟢 Strong rebound from support

🔴 Another breakdown below $1.55

Pejmanzwin

·

--

Baissier

$BTW Surged 70% — Is a 20% Correction Coming Near $3?

Bitway has surged more than 70% over the past two days, driven by strong speculative momentum, rising trading activity, and growing market attention.

Recent exchange exposure may have contributed to the move, but FOMO appears to be playing a major role in the latest acceleration.

Another risk factor is the token’s highly concentrated supply structure. On-chain data shows significant concentration among the largest addresses, although some of these balances may represent contracts, treasury, or other protocol-related holdings.

Technical Analysis

Technical analysis on BTW remains challenging because the token has limited price history and continues to establish new All-Time Highs.

On the 4-hour timeframe, price is now approaching a major

resistance confluence:

Psychological Level: $3.00

Potential Reversal Zone (PRZ): $2.79–$3.00

Cumulative Short Liquidation Leverage: $2.72–$2.80

Resistance Lines: Nearby

After a 70%+ rally, I expect selling pressure to potentially increase as BTW moves deeper into this structure.

My main scenario is a correction of at least 20%, with the important $2.00 area potentially becoming a downside target if bearish momentum strengthens.

However, because BTW has very limited trading history and extremely high volatility, I would prefer to see a clear reversal trigger before considering a bearish setup.

Chasing a short position before confirmation could be just as risky as chasing the rally near resistance.

What comes first for BTW?

🟢 Confirmed breakout above $3.00

🔴 20% correction toward $2.00

#Bitway

Avertissement : ce contenu inclut des opinions de tiers. Il ne constitue pas un conseil. Binance Ai peut être utilisée, sans garantie de résultat. Consultez les CG.