BTCUSD.P, Binance Futures
The price has dropped sharply from the 106,457.44 USD level due to a strong seller reaction. The local minimum was established at 101,560 USD.
The current market situation is characterized by thin weekend liquidity, which increases the likelihood of a short-term decline into the 95,000–100,000 USD range. Following this, strong buying activity is expected, potentially pulling the price back above 100,000 USD.
Invalidation of this scenario:
If the price returns above 104,200 USD, this bearish scenario would be invalidated, and the market could shift toward a bullish trajectory.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice or a recommendation. All trading decisions should be made at your own discretion and responsibility.
The current market situation is characterized by thin weekend liquidity, which increases the likelihood of a short-term decline into the 95,000–100,000 USD range. Following this, strong buying activity is expected, potentially pulling the price back above 100,000 USD.
Invalidation of this scenario:
If the price returns above 104,200 USD, this bearish scenario would be invalidated, and the market could shift toward a bullish trajectory.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice or a recommendation. All trading decisions should be made at your own discretion and responsibility.
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.