We’ve previously discussed the significance of the $110,000 level — a zone where long-term holders typically take partial profits.
After multiple pullbacks from that region, a new wave of short-term investors stepped in around $97,000, managing to push the price as high as $123,000.
⚠️ I know many traders are tracking Bitcoin dominance and expecting a correction from this zone — and I partly agree.
However, issuing a sell signal here feels premature and potentially risky.
✅ Instead, I’d suggest looking for a re-entry opportunity around $95,000, where market structure and buyer activity may offer a much better risk-reward ratio.
After multiple pullbacks from that region, a new wave of short-term investors stepped in around $97,000, managing to push the price as high as $123,000.
⚠️ I know many traders are tracking Bitcoin dominance and expecting a correction from this zone — and I partly agree.
However, issuing a sell signal here feels premature and potentially risky.
✅ Instead, I’d suggest looking for a re-entry opportunity around $95,000, where market structure and buyer activity may offer a much better risk-reward ratio.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.