Bitcoin - Will We See a New Pump or a Major Dump?

24 ก.พ.

Bitcoin is currently sitting at a crucial support level, and what happens next could determine the next big move. The price has been ranging between two key zones, with strong resistance above and a major support area below.

Right now, BTC is testing the lower boundary of the range (green zone), which has acted as strong support in the past. However, if this level fails to hold, we could see a significant drop, potentially filling the open imbalance in the 80K region.

🔹 Key Levels & Market Scenarios 🔹

🔸 Crucial Support at the Bottom of the Range
This area is a make or break level for Bitcoin. If buyers step in and defend it, we could see a reversal back toward resistance. But if this level gives way, it opens the door for a much larger sell-off toward 80K, where an imbalance remains unfilled.

🔸 Point of Control (POC)
The red line represents the Point of Control (POC), the level with the highest traded volume in this range. A break and retest of this level would be a bullish confirmation, signaling that buyers are gaining control. In this scenario, we could see Bitcoin push toward the upper resistance (green zone above 99K-100K).

🔸 Bearish Bias for Now
While there is a chance for a bounce from support, the overall market structure leans bearish. Price has failed to sustain higher highs, and with repeated tests of support, a breakdown becomes more likely.

📌 Trading Plan & Potential Scenarios

✅ Bullish Scenario:

• Price holds above support, bounces, and reclaims the POC (red line).
  
• A break and retest of the POC would confirm bullish momentum, leading to a push towards 99K-100K resistance.
  

❌ Bearish Scenario (More Likely for Now):

• If support fails to hold, Bitcoin could see a sharp sell-off toward the 80K imbalance.
  
• A rejection from the POC without a breakout would reinforce the bearish trend, making lower prices more likely.
  

Here are those imbalances at 80k range:


🚨 Final Thoughts – Will Bitcoin Hold or Break? 🚨

Bitcoin is at a critical decision point. If buyers step in here, we could see a push back towards resistance. However, if this key support breaks, we might be looking at a much deeper correction toward 80K.

For now, the bearish case seems stronger unless we see a solid reclaim of the POC (red line). Traders should stay cautious and wait for clear confirmations!

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25 ก.พ.

การซื้อขายยังคงดำเนินอยู่

We broke down to the downside, filling the imbalances at the marked level is very likely to happen. As mentioned we had a bearish BIAS and were likely to come down to seek liquidity from the market