📊 Bitcoin Price Update: Key Resistance Ahead – Range Likely Before FOMC
As previously discussed, Bitcoin may be entering a short-term consolidation phase. The current candlestick structure suggests that recent price action is driven by profit-taking from long positions, not aggressive selling. If bears were in control, we would have seen a deeper retracement by now — a positive sign for bulls.
Bitcoin is approaching a critical resistance zone between $110,264 and $111,782. If the price enters this range, some supply pressure is expected. However, as long as BTC holds above $107,000, the bullish market structure remains intact.
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🔍 Key Technical Observations:
Recent candles show profit-taking, not distribution
Sellers are not yet active — indicating continued bullish sentiment
Bitcoin dominance is pulling back slightly while BTC ranges — this has led to stronger moves in altcoins
If BTC dips while dominance continues to fall, it could set the stage for an early altcoin rally (altseason)
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🕰️ Macro Events on the Radar:
Key upcoming news:
U.S. CPI Data
FOMC Rate Decision – Wednesday next week
Until then, the market may remain range-bound as it awaits clarity
Recommendation: lower risk exposure, reduce position size, and stay selective with trades
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⚠️ Altcoin Strategy:
If you're already in altcoin long positions, consider partial profit-taking
Watch Bitcoin dominance closely: continued downside could fuel a broader altseason
Keep an eye on BTC’s $107K support and its reaction near $111.7K resistance
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📈 Summary:
Critical Resistance Zone: $110,264 – $111,782
Key Support: $107,000
Market Bias: Cautiously bullish
FOMC Outlook: Sideways movement likely until Wednesday
As previously discussed, Bitcoin may be entering a short-term consolidation phase. The current candlestick structure suggests that recent price action is driven by profit-taking from long positions, not aggressive selling. If bears were in control, we would have seen a deeper retracement by now — a positive sign for bulls.
Bitcoin is approaching a critical resistance zone between $110,264 and $111,782. If the price enters this range, some supply pressure is expected. However, as long as BTC holds above $107,000, the bullish market structure remains intact.
---
🔍 Key Technical Observations:
Recent candles show profit-taking, not distribution
Sellers are not yet active — indicating continued bullish sentiment
Bitcoin dominance is pulling back slightly while BTC ranges — this has led to stronger moves in altcoins
If BTC dips while dominance continues to fall, it could set the stage for an early altcoin rally (altseason)
---
🕰️ Macro Events on the Radar:
Key upcoming news:
U.S. CPI Data
FOMC Rate Decision – Wednesday next week
Until then, the market may remain range-bound as it awaits clarity
Recommendation: lower risk exposure, reduce position size, and stay selective with trades
---
⚠️ Altcoin Strategy:
If you're already in altcoin long positions, consider partial profit-taking
Watch Bitcoin dominance closely: continued downside could fuel a broader altseason
Keep an eye on BTC’s $107K support and its reaction near $111.7K resistance
---
📈 Summary:
Critical Resistance Zone: $110,264 – $111,782
Key Support: $107,000
Market Bias: Cautiously bullish
FOMC Outlook: Sideways movement likely until Wednesday
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.