$BTC Wednesday Update #173‼️ Really I'm sorry to say this, but this is what's coming next 🥲
Last time, I gave you $BTC BTC’s next move perfectly. I’m not just another random technical analyst throwing guesses I’ve spent over 5 years mastering this craft, and experience has been my best teacher. Some laughed at my last update, but those who took it seriously saw the results play out just as I predicted.
I know if this post reaches 10,000 people, only 1% will hit the follow button because they’re serious about learning and don’t want to miss updates like this. If you’re in that 1%, follow & stay tuned I’ll break down BTC’s current situation and its possible next move.
If this update helps you in any way or gives you a new perspective, do me a small favor like, repost, or leave a comment! Your support keeps me motivated to share these valuable insights. 🙌
📉 BTC has hit a major resistance zone marked by a multi-year trendline (red line on the 1st chart) that dates back to December 2017. Historically, BTC has rejected at this trendline, as seen in 2021 and early 2022.
Right now, BTC is trading near $104,984, which is a key point of interest.
As predicted in our last BTC update, I mentioned that "Now, there's a possibility of a a small correction BTC towards $103k, which could trigger some liquidations, " and it has followed this expectation and perfectly hit $107.9k and above in Binance Spo also i have open a short position heret.
✍️ Now, there's a possibility of a a small correction BTC towards $104k, which could trigger some liquidations around $104.3k.
Two scenarios 👀 could play out here:
🔴 Scenario A: Rejection at $105K Resistance
BTC may correct down to $103.3K, with further downside to $100K if support breaks.
🟢 Scenario B: Hold Above $105K:
If the support hold above resistance could push BTC to $110K and higher.
Watch the lower channel trendline and Fibonacci levels closely.
First support: $101,059 (50% Fibonacci Retracement)
Stronger support: $99,467 (61.8% Fibonacci), often a key reversal point.
