📊 Daily Chart (D1)
After hitting a new all-time high of $108K, Bitcoin is now in a correction phase, finding support around the $103K level.
The daily candle is showing bearish signs. If BTC breaks below $103K, the next support zone is around $99K-$100K.
However, as long as BTC holds above $103K-$104K, the upward trend remains intact.
⚠️ Key Warning: If BTC closes below $102K today or tomorrow, the bullish trend could be invalidated, potentially leading to a deeper correction.
⏱ 4-Hour Chart (H4)
As the current H4 candle closes, BTC is holding steady at $103K-$104K, and the H4 candle structure remains bullish with strong volume.
There’s a high likelihood that the next H4 candle will continue to be green, signaling further upward movement.
💡 Insights and Outlook
Daily Trend: The bullish trend on the daily chart is fragile but still in play. Although yesterday’s analysis suggested the uptrend may be short-lived, it’s still too early to conclude. Watch closely through today and tomorrow—if BTC stays above $103K, it’s likely to rebound strongly. However, if it drops and closes below $102K, expect a deeper pullback.
Short-Term Target: BTC could potentially recover to $105K-$106K today.
Whale Activity: Large funds are aggressively buying Bitcoin, seemingly undeterred by current prices. This adds bullish pressure to the market.
🚨 Strategy Recommendations:
If you’re shorting, take quick profits—this market favors short-term trades for bears.
Consider holding a long-term long position with a safe liquidation level, as bullish momentum from institutional buying could drive prices higher.
⚡ These are personal insights and should be used for reference only. Stay vigilant and adjust your strategy based on the latest market developments. Good luck, traders! 🚀
