BTC/USD CHART ANALYSIS – NOV 25
📊 BTC/USD CHART ANALYSIS – Weekly Update
📈 Technical / Naked Price Action
⚖️ Overall Sentiment: Cautious Optimism
🎲 Hello traders!
Bitcoin finds itself at a critical juncture, hovering just below the monumental $100,000 mark. Last week, BTC made multiple attempts to break this psychological level but ultimately fell short, reaching a high of $99,800. This resistance is largely attributed to heavy sell block orders on major centralized exchanges (CEX).
💡 Key Observations:
📌 Trading Tip:
Patience is key in a market like this. Avoid chasing trades and wait for confirmation before entering long or short positions.
🧠 Let’s Collaborate!
What’s your take on BTC this week? Share your ideas and charts in the 💬. Let’s discuss whether we’re headed to new highs or revisiting support levels!
Best Regards,
The NFX Team™ 💚
📈 Technical / Naked Price Action
⚖️ Overall Sentiment: Cautious Optimism
🎲 Hello traders!
Bitcoin finds itself at a critical juncture, hovering just below the monumental $100,000 mark. Last week, BTC made multiple attempts to break this psychological level but ultimately fell short, reaching a high of $99,800. This resistance is largely attributed to heavy sell block orders on major centralized exchanges (CEX).
💡 Key Observations:
- Bullish Outlook: If BTC successfully breaks above $100,000, we could see a strong upward trend, potentially targeting the $140,000 zone as a ripple effect.
- Bearish Outlook: However, failure to breach this level may lead to a pullback to the $90,000 support range, where buyers could re-enter the market.
- Current Strategy: No active trades for now—I’m waiting for a clear breakout above 100k or a retest of 90k before committing to any positions.
📌 Trading Tip:
Patience is key in a market like this. Avoid chasing trades and wait for confirmation before entering long or short positions.
🧠 Let’s Collaborate!
What’s your take on BTC this week? Share your ideas and charts in the 💬. Let’s discuss whether we’re headed to new highs or revisiting support levels!
Best Regards,
The NFX Team™ 💚
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.