BTCUSDT

[etfs]

Hello Traders!

What are your thoughts on BITCOIN ?

Bitcoin failed to sustain above its recent highs and has since entered a corrective phase, breaking below its ascending trendline.
Price is now trading below the broken trendline and beneath a key resistance zone.
A pullback toward the broken trendline appears to be in progress. If price fails to reclaim the resistance, we expect a continuation of the decline toward the highlighted support levels.
Invalidation:
A daily close above the resistance zone would invalidate the bearish scenario and shift focus back to the upside.

Don’t forget to like and share your thoughts in the comments! ️

[Nahid10]

Solid analysis! I’ve also been watching that ascending trendline closely — the breakdown is definitely a concern for bulls. What I find interesting is that the rejection happened right at the confluence of resistance with both the local supply zone and the 0.618 Fibonacci retracement from the last leg down. That adds weight to the bearish case in the short term. If BTC fails to reclaim that level on the daily close, then the next logical downside targets sit around $110K–$108K, where we’ve got liquidity resting and a prior demand block. On the flip side, if the daily candle closes back above resistance, that would be a classic bear trap setup — and we could easily see a sharp squeeze back toward $120K. For now, I’d say the burden of proof lies with the bulls.

[jacson4]

Great points. From a macro perspective, I’d add that the correction doesn’t look entirely unhealthy — BTC has been trending up for months without a meaningful reset, so a deeper pullback could actually fuel the next leg higher. The $105K–$107K area looks like a strong magnet because of stacked liquidity pools, untested fair value gaps, and the 100-day MA all lining up there. That’s where I’d expect buyers to step in aggressively. Also, ETF inflows have slowed slightly this week, which might explain why price is struggling to hold highs. Still, long-term fundamentals remain intact: institutional accumulation and Fed easing are supportive of BTC. In short, I see this as a corrective phase inside a broader bullish cycle — not the start of a full reversal.

[Maxwell]

Interesting analysis! BTC breaking below the trendline is definitely a red flag, but the support zones highlighted could hold. Watching closely to see if bulls step in or if the decline continues.

[rafihasan]

I see the corrective move, but Bitcoin has bounced from these levels before. If it can reclaim the resistance zone, we might be in for another upside push. Patience is key here!

[Nahiar806]

Looks like BTC is struggling to reclaim the trendline. If it fails to break back above the resistance, the support zones could be tested soon. Traders should be careful and manage risk. ️

[rafihasan]

Nice breakdown! The rally is impressive, but a short-term correction could happen before hitting 3400 USD. Still, the overall trend seems favorable for gold. 🟢