📊 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
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📊 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
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.