Bitcoin has failed to break above the previous high of $110,264, and instead formed a lower high at $108,802, signaling potential weakness in the current structure. From a technical standpoint, this breakdown increases the likelihood of a bearish move — especially with today’s FOMC interest rate decision on the horizon and escalating geopolitical tensions, including the risk of U.S. involvement in the Middle East conflict.
We're also seeing increased volatility and market sensitivity to news, which can make short-term trading riskier than usual. Bitcoin remains inside the red consolidation box — and as previously mentioned, any breakout from this range is likely to be sharp and aggressive (whale-driven). That’s why positioning ahead of the breakout is crucial.
If BTC breaks below $103,608.67 and at the same time Bitcoin Dominance rises above 64.90%, it could be a strong signal that capital is exiting altcoins. In that case, short opportunities in altcoins may offer better setups, as they could drop more significantly than BTC.
🛑 Due to the high volatility and macro uncertainty, keep your risk low, use tight stop-losses, and don’t forget to secure profits quickly.
💬 What’s your take on BTC’s next move? Drop a comment below — let’s discuss! 👇
We're also seeing increased volatility and market sensitivity to news, which can make short-term trading riskier than usual. Bitcoin remains inside the red consolidation box — and as previously mentioned, any breakout from this range is likely to be sharp and aggressive (whale-driven). That’s why positioning ahead of the breakout is crucial.
If BTC breaks below $103,608.67 and at the same time Bitcoin Dominance rises above 64.90%, it could be a strong signal that capital is exiting altcoins. In that case, short opportunities in altcoins may offer better setups, as they could drop more significantly than BTC.
🛑 Due to the high volatility and macro uncertainty, keep your risk low, use tight stop-losses, and don’t forget to secure profits quickly.
💬 What’s your take on BTC’s next move? Drop a comment below — let’s discuss! 👇
Note
"At the moment, considering the support it's getting, if you can, open a long position at 105465."
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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.