BTC Idea – Bearish Divergence + Key Level Watch ⚠️
Summary / Bias:
BTC has tapped 120K and is now showing early signs of weakness. A bearish divergence on the MACD Histogram (weekly) is flashing caution, while price has retraced back to the critical 112K zone. I'm leaning bearish short-term, expecting a move towards 100K, and possibly as low as 93K, if key...
Bias/Summary
BTC is at a critical zone between 109K–112K. Price is currently showing hesitation after initial rejection at the Yearly L3 (112K), and I’m leaning short unless we see a strong breakout and hold above that level. However, if bulls reclaim it, we could see a fast move to 130K before many can react.
Technical Context:
Yearly L3 sits around the...
**short term analysis - hours and few days ahead**
After a brief retrace to the L3 on the weekly Camarilla Pivot and convincing bounce and close above the upper channel of the CPR, BTC is geared for the next move. The first resistance is the 100k barrier on the R3. I expect a slow grind up to to $100k before the end of the week. Inability of this happening...
