The structure clearly shows strong bearish momentum — long red candles, large volume, and failed support levels at $118,600 and $122,200.
Price is currently consolidating after a major drop (possible dead cat bounce).
2. Key Levels
Resistance 1: $118,600 (previous support turned resistance) Resistance 2: $122,200 (upper range before breakdown) Support 1: $112,000 (current short-term support) Support 2: $108,000 (psychological & previous wick zone) Support 3: $100,000 (psychological round number)
3. Candlestick Behavior
That long lower wick indicates buyers tried to defend, but the follow-up candles show weak bullish momentum.
This suggests a short-term relief rally could happen, but overall, sellers are still dominant.
4. Indicators (based on visual TA)
Momentum is heavily oversold → small bounce likely before continuation down.
If price fails to reclaim $118,600, it may test $110,000–$108,000 again soon.
🧭 Short-Term Prediction (Next 12–24 hours):
Possible bounce to $115,000–$117,000 (retracement phase).
Then likely another drop toward $110,000 or $108,000 if macro/fundamentals stay negative.
🌐 Fundamental Analysis (FA)
1. Macro & Sentiment
Global risk assets (especially tech stocks and crypto) have been under pressure from rising U.S. bond yields and stronger USD.
BTC’s decline aligns with risk-off sentiment and ETF outflow slowdown.
If inflation data or Fed tone remains hawkish, BTC may continue facing downside pressure.
📈 Summary Outlook Timeframe Outlook Target Range Short-term (12–24h) ⚠️ Bearish-to-neutral $115K–$108K Medium-term (2–3 days) ❌ Bearish continuation likely $105K–$100K Recovery confirmation ✅ Only above $118.6K Retest $122K zone 🧠 Pro Tip If you’re trading short-term: Look for rejection candles near $115K–$117K to consider short positions. If BTC closes above $118,600 (1H or 4H), trend may shift to short-term recovery. Otherwise, expect another leg down due to market fear and liquidat
#PCEInflationWatch $BTC $BTCUSD do you guys know anything about the bear phase of the market? learn something, and stop doing wishful thinking about some stock openings and short squeezes just because, really. you just look silly