Bitcoin is currently trading near ~$110K as the Bitcoin 2025 Conference kicks off today in Las Vegas, featuring major political and institutional figures. Price has been grinding higher into the event — but historically, Bitcoin conferences have marked short-term tops.
🔍 Historical Context:
Bitcoin 2024 (Nashville): BTC dropped ~30% post-conference
Bitcoin 2022: Immediate 10% pullback after day 2
These events often show classic “buy the rumor, sell the news” patterns
📉 Current Risk Setup:
RSI (4H): ~56 – neutral momentum, no breakout confirmation
Volume: Fading on green candles – weak demand on markup attempt
Support Zones:
108K = 55 SMA (first dynamic support)
107K = Lower Bollinger Band
105.8K = Last structural support from reaccumulation
Any close below 108K with rising volume could be the first sign of a shift. Breakdown below 105.8K would confirm a deeper move toward 101K.
🧠 Final Thoughts:
With expectations peaking and historical patterns aligning, caution is warranted. Let the chart confirm — but be aware that emotional euphoria around conferences has often been a liquidity trap.
🎯 Stay patient. Let price and volume lead.
#Bitcoin #BTCUSDT #CryptoWarning #SellTheNews #BTCConference #TechnicalAnalysis
🔍 Historical Context:
Bitcoin 2024 (Nashville): BTC dropped ~30% post-conference
Bitcoin 2022: Immediate 10% pullback after day 2
These events often show classic “buy the rumor, sell the news” patterns
📉 Current Risk Setup:
RSI (4H): ~56 – neutral momentum, no breakout confirmation
Volume: Fading on green candles – weak demand on markup attempt
Support Zones:
108K = 55 SMA (first dynamic support)
107K = Lower Bollinger Band
105.8K = Last structural support from reaccumulation
Any close below 108K with rising volume could be the first sign of a shift. Breakdown below 105.8K would confirm a deeper move toward 101K.
🧠 Final Thoughts:
With expectations peaking and historical patterns aligning, caution is warranted. Let the chart confirm — but be aware that emotional euphoria around conferences has often been a liquidity trap.
🎯 Stay patient. Let price and volume lead.
#Bitcoin #BTCUSDT #CryptoWarning #SellTheNews #BTCConference #TechnicalAnalysis
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I took some profits here and reduced my exposure.
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Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.