📉 Current Market Overview:
Bitcoin price rejected from the resistance zone around 103,656 and is currently retracing within a short-term ascending channel. However, this upward move appears corrective, while the broader market structure remains bearish.
📊 Market Structure Breakdown:
Price has broken down from the ascending channel, signaling weakness from the buyers and potential beginning of a new bearish wave.
The first support zone has been breached, which may lead to further downside pressure.
🎯 Key Targets (TP Levels):
TP1: Demand zone between 102,150 – 102,000, aligned with the 0.705 Fibonacci level. This is a potential area for a short-term bounce.
TP2: Major support zone between 101,600 – 101,500, near the 1.0 Fibonacci level. If bearish momentum continues, this is a high-probability target.
📌 Expected Scenario:
After the channel breakdown, the price is likely to continue its downward trend toward the marked zones. Minor pullbacks are expected along the way, offering possible short re-entry opportunities.
⚠️ Invalidation Level:
If the price reclaims the broken channel and breaks above 103,200, the bearish outlook will be invalidated, and the market structure needs to be re-evaluated.
🔗 Official Channels & Resources:
🎥 YouTube:
youtube.com/@thewhalepulse
💬 Telegram:
t.me/TheWhalePulse
🎧 Discord:
discord.gg/fF5C3Euy
📈 TradingView:
tradingview.com/u/whalepulse/
🌐 CoinMarketCap:
coinmarketcap.com/community/profile/thewhalepulse/
📸Instagram :
instagram.com/whalepulsepro
Bitcoin price rejected from the resistance zone around 103,656 and is currently retracing within a short-term ascending channel. However, this upward move appears corrective, while the broader market structure remains bearish.
📊 Market Structure Breakdown:
Price has broken down from the ascending channel, signaling weakness from the buyers and potential beginning of a new bearish wave.
The first support zone has been breached, which may lead to further downside pressure.
🎯 Key Targets (TP Levels):
TP1: Demand zone between 102,150 – 102,000, aligned with the 0.705 Fibonacci level. This is a potential area for a short-term bounce.
TP2: Major support zone between 101,600 – 101,500, near the 1.0 Fibonacci level. If bearish momentum continues, this is a high-probability target.
📌 Expected Scenario:
After the channel breakdown, the price is likely to continue its downward trend toward the marked zones. Minor pullbacks are expected along the way, offering possible short re-entry opportunities.
⚠️ Invalidation Level:
If the price reclaims the broken channel and breaks above 103,200, the bearish outlook will be invalidated, and the market structure needs to be re-evaluated.
🔗 Official Channels & Resources:
🎥 YouTube:
youtube.com/@thewhalepulse
💬 Telegram:
t.me/TheWhalePulse
🎧 Discord:
discord.gg/fF5C3Euy
📈 TradingView:
tradingview.com/u/whalepulse/
🌐 CoinMarketCap:
coinmarketcap.com/community/profile/thewhalepulse/
📸Instagram :
instagram.com/whalepulsepro
Trade active
The WPT indicator says: Go Long! 😅Note
💡 Please use proper risk management when entering trades!That way, even if you hit a loss, you’ll only lose 1% of your total capital, and with the next profitable trade, you can easily make back twice as much ✅
If you don’t know how to manage your risk properly or you're not familiar with the formula,
🎥 Click the link below — I’ve explained it all in a super simple way:
👉 youtu.be/-e2A85n4m2M?si=AccsoknBERJhTB8j
🕐 It only takes 6 minutes of your time,
but it could be the difference between surviving or getting wiped out in the markets!
Stay sharp, trade smart! 📊💪
Note
Like I said, we were supposed to enter the position after the support break, but it hasn’t broken yet ⚠️.Hope you read the message 📖,
If not, no worries — the important thing is that you set your stop loss 🛑.
Bro, it’ll get your money back 💸, although you really shouldn’t have opened the position by now.
Just wait, my friend ⏳.
Note
✨Friends, this is probably a correction to create a lower high, and then it might break the support.
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.