### **🚀 Bitcoin Price Action: What's Next? 🚀**
📈 **Current Price:** **$101,544**
🔍 **Key Levels to Watch:**
- **Resistance:** **$104,660** (Short Stop Loss - Major Barrier)
- **Support:** **$95,908** (Short Entry), **$92,427** (Long Stop Loss)
---
### **📊 Fibonacci Levels (Real Values):**
- **23.6% Retracement:** **$97,000**
- **38.2% Retracement:** **$91,300**
- **50% Retracement:** **$86,500**
- **61.8% Retracement:** **$82,100**
These **support levels are key for potential retracements** before the next leg up.
---
### **🔥 Market Outlook:**
✅ **Bullish Scenario (70% Probability)**
- BTC breaks **above $104,660**, targeting **$119,553+**
- Volume increasing = Momentum growing
- If this level **flips to support**, we enter **price discovery**
❌ **Bearish Scenario (30% Probability)**
- BTC **rejects $104,660** → Drops to **$95,908 or even $92,427**
- If **$92,427 fails**, we could see **$87,217 next**
---
### **⚔️ The Contrarian Perspective: Why It Matters**
Most traders are **bullish**, expecting **$105K+**. But smart money doesn’t chase—**they wait for liquidity traps.**
📉 **If BTC fakes out at $104,660 and drops to $95K,** that’s where whales reload.
🚀 **Best Move?**
- **Breakout Traders:** Wait for a **clear $104,660 flip**
- **Contrarians:** Set bids near **$95K-
92K** for a smart long entry
---
### **💡 Ancient Trading Wisdom:**
A wise merchant once waited for fear to peak before buying gold. When everyone else panicked, he made his move—**then sold it back to them for double.**
👉 **Lesson?** The best trades happen **when emotions are extreme.** Don’t FOMO. Let the market come to you.
🚀 **Final Verdict: BTC is bullish, but don’t get trapped. Watch $104,660 closely!** 🚀
📈 **Current Price:** **$101,544**
🔍 **Key Levels to Watch:**
- **Resistance:** **$104,660** (Short Stop Loss - Major Barrier)
- **Support:** **$95,908** (Short Entry), **$92,427** (Long Stop Loss)
---
### **📊 Fibonacci Levels (Real Values):**
- **23.6% Retracement:** **$97,000**
- **38.2% Retracement:** **$91,300**
- **50% Retracement:** **$86,500**
- **61.8% Retracement:** **$82,100**
These **support levels are key for potential retracements** before the next leg up.
---
### **🔥 Market Outlook:**
✅ **Bullish Scenario (70% Probability)**
- BTC breaks **above $104,660**, targeting **$119,553+**
- Volume increasing = Momentum growing
- If this level **flips to support**, we enter **price discovery**
❌ **Bearish Scenario (30% Probability)**
- BTC **rejects $104,660** → Drops to **$95,908 or even $92,427**
- If **$92,427 fails**, we could see **$87,217 next**
---
### **⚔️ The Contrarian Perspective: Why It Matters**
Most traders are **bullish**, expecting **$105K+**. But smart money doesn’t chase—**they wait for liquidity traps.**
📉 **If BTC fakes out at $104,660 and drops to $95K,** that’s where whales reload.
🚀 **Best Move?**
- **Breakout Traders:** Wait for a **clear $104,660 flip**
- **Contrarians:** Set bids near **$95K-
92K** for a smart long entry ---
### **💡 Ancient Trading Wisdom:**
A wise merchant once waited for fear to peak before buying gold. When everyone else panicked, he made his move—**then sold it back to them for double.**
👉 **Lesson?** The best trades happen **when emotions are extreme.** Don’t FOMO. Let the market come to you.
🚀 **Final Verdict: BTC is bullish, but don’t get trapped. Watch $104,660 closely!** 🚀
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.
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.