🔸 Expected Move: Bitcoin can drop to $94,700, tapping into a bullish order block and FVG, before bouncing back. 🔸 Key Support Zone: $94,700 - $91,500, with strong liquidity and order blocks around $89,150. 🔸 Resistance Levels: $100,000, then $106,422 - $109,420.
Technical Insights: 1️⃣ Trendline Break & Order Blocks: Bitcoin has broken a key ascending trendline but remains inside a bullish order block at $94,700, increasing the chances of a reversal.
2️⃣ Fair Value Gaps (FVG) & CME Gaps: The price is reacting to an FVG, and a previous CME gap ($102,070 - $98.515) has been filled, but another remains near $75,637.
3️⃣ Liquidity & Volume: Strong buy-side liquidity at $91,500 - $89,150, aligning with demand zones.
Conclusion: ✅ Resistance Levels: $100,000, $106,422, $109,420. 💰 24-Hour Liquidations: 135.51M around 99.8K and 121.93M around 95.9K, indicating key liquidity zones. ⚠️ Risk Management: A daily close below $91,500 could trigger further downside toward the next CME gap of around 76K.
Key Observations: - Break of Structure: BTC lost trendline support, signaling bearish momentum. - Liquidity & FVGs: Major fair value gaps (FVGs) at 81K–76K, increasing downside risk. - CME Gap at 81K: High probability of price filling this zone. - Volume: Selling pressure remains strong.
Outlook: - Bullish Rebound: If BTC holds 87K–89K, a relief bounce toward 97K+ is possible. - Bearish Continuation: A break below 87K could accelerate drops to 81K–76K (CME GAP).
This market crash was more severe than previous events like the COVID-19 crash and the FTX collapse, primarily due to geopolitical tensions, market overleveraging, and low liquidity conditions. 😶
The price has tested the 55 EMA on the daily chart, indicating a critical support level.
🔹 Support Levels: -98,265 – Immediate support level. -97,697 – Additional short-term support. - 94,344 – Strong support level. - 92,000 (Previous Bullish Order Block) – Major demand zone, aligning with institutional buying interest. - 89,151 – Key psychological level. - 87,114 – Next critical support if bearish pressure continues.
🔸 Resistance Levels: -101,440 – Immediate resistance. -101,845 - 101,901 – Confluent resistance zone with potential liquidity grab. -106,033 – Mid-term resistance level. -107,441 – Significant resistance before major highs. -109,420 – Strong resistance and potential supply zone.
📌 Additional Technical Observations: - Fair Value Gaps (FVGs) are present, suggesting potential price inefficiencies that may get filled. - The price is respecting the ascending trendline, reinforcing a bullish structure unless a breakdown occurs. - **EMA Confluence:** The 55 EMA has been tested, and a strong reaction could indicate a bullish continuation, while a failure to hold may result in further downside toward the bullish order block.
BTCUSDBTCUSDT.PBTC1! How I am looking at the chart. Also, BTC has tested and taken support at the EMA 21 ($101,500) on the 1-Day timeframe.
Additionally, 136.2M in liquidations are around $108,100 (EMA 100), while 130.3M in liquidations are near $100,700. The price might target the lower liquidations first before making an upward move.