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#BITCOIN ANALYSIS
I have been warning you for the last 45 days that a big dump was coming and now it’s playing out exactly. Bitcoin has already dumped around $20K and is now trading near 112K, right at the major resistance zone that has triggered every big correction since 2018.
A small bounce to 115K–116K is possible, but after that I expect another leg down toward 100K, and potentially lower to 90K.
I’m still holding my 50% short position. If anything changes or I close my position, I’ll update you. Remember I mentioned earlier that if BTC went back to 125K–128K, I would add more shorts and that plan hasn’t changed.
Till Monday, I expect some volatility, but Monday’s price action will give a clearer direction.
🔸 Weekly:
BTC touched the long-term trendline again → clear rejection happened.
👉 Until we get a weekly close above 125K, the risk of a major pullback stays high.
🔸 Daily:
Price is inside the 110K–125K supply zone. Structure is weak.
If price breaks and resists below 110K, then 100K is the next target.
📊 My Trade:
✅ First target 105K hit
Holding 50% shorts, expecting a bounce to 115K, then lower.
📌 Downside Targets: 105K ✅ → 100K → 95K → 90K
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#CoinDeskSeptemberGateReportComing #GateFunMemeContestComing #FedRateCutExpectationsHeatUp