📊 Market Developments
Bitcoin is currently trading around $110,154, with intraday movement between $108,951 – $112,820.
The minor pullback follows a decline from the $112K–$113K support zone, triggering $44M outflows on Aug 26.
📈 Technical Analysis
🔹 Key Resistance: ~$113,800 → breakout above this may trigger strong recovery.
🔹 Nearest Support: ~$110K → holding here could lead to bounce; breakdown targets $108K – $106.2K.
📌 EMA09: Not specified, but price near support suggests buying pressure being tested.
📉 Candlestick / Momentum: BTC broke below its multi-month upward channel, showing a CHoCH → short-term bearish control.
🧐 Outlook
Bitcoin may continue to correct short-term if $110K support fails.
However, a rebound above $113.8K could revive bullish momentum toward $120K+.
💡 Suggested Trading Strategy
🔺 BUY BTC/USD: 108,500 – 109,000
🎯 TP: 40/80/200 pips
🛑 SL: 107,900
🔻 SELL BTC/USD: 113,800 (if bearish reversal confirmed)
🎯 TP: 40/80/200 pips
🛑 SL: 114,300
Bitcoin is currently trading around $110,154, with intraday movement between $108,951 – $112,820.
The minor pullback follows a decline from the $112K–$113K support zone, triggering $44M outflows on Aug 26.
📈 Technical Analysis
🔹 Key Resistance: ~$113,800 → breakout above this may trigger strong recovery.
🔹 Nearest Support: ~$110K → holding here could lead to bounce; breakdown targets $108K – $106.2K.
📌 EMA09: Not specified, but price near support suggests buying pressure being tested.
📉 Candlestick / Momentum: BTC broke below its multi-month upward channel, showing a CHoCH → short-term bearish control.
🧐 Outlook
Bitcoin may continue to correct short-term if $110K support fails.
However, a rebound above $113.8K could revive bullish momentum toward $120K+.
💡 Suggested Trading Strategy
🔺 BUY BTC/USD: 108,500 – 109,000
🎯 TP: 40/80/200 pips
🛑 SL: 107,900
🔻 SELL BTC/USD: 113,800 (if bearish reversal confirmed)
🎯 TP: 40/80/200 pips
🛑 SL: 114,300
📊 Forex | Gold | Crypto Market Insights
📰 Real-time news updates & expert analysis
💡 Technical breakdowns & market outlooks
🔗 Join our free group: telegram.me/+DmS-dVFJMm40MDM9
📰 Real-time news updates & expert analysis
💡 Technical breakdowns & market outlooks
🔗 Join our free group: telegram.me/+DmS-dVFJMm40MDM9
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
📊 Forex | Gold | Crypto Market Insights
📰 Real-time news updates & expert analysis
💡 Technical breakdowns & market outlooks
🔗 Join our free group: telegram.me/+DmS-dVFJMm40MDM9
📰 Real-time news updates & expert analysis
💡 Technical breakdowns & market outlooks
🔗 Join our free group: telegram.me/+DmS-dVFJMm40MDM9
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.