BTC/USD CHART ANALYSIS – NOV 25

3 ngày trước

📊 BTC/USD CHART ANALYSIS – Weekly Update

📈 Technical / Naked Price Action
⚖️ Overall Sentiment: Cautious Optimism

🎲 Hello traders!
Bitcoin finds itself at a critical juncture, hovering just below the monumental $100,000 mark. Last week, BTC made multiple attempts to break this psychological level but ultimately fell short, reaching a high of $99,800. This resistance is largely attributed to heavy sell block orders on major centralized exchanges (CEX).

💡 Key Observations:

1. Bullish Outlook: If BTC successfully breaks above $100,000, we could see a strong upward trend, potentially targeting the $140,000 zone as a ripple effect.
   
2. Bearish Outlook: However, failure to breach this level may lead to a pullback to the $90,000 support range, where buyers could re-enter the market.
   
3. Current Strategy: No active trades for now—I’m waiting for a clear breakout above 100k or a retest of 90k before committing to any positions.
   

📌 Trading Tip:
Patience is key in a market like this. Avoid chasing trades and wait for confirmation before entering long or short positions.

🧠 Let’s Collaborate!
What’s your take on BTC this week? Share your ideas and charts in the ⁠💬. Let’s discuss whether we’re headed to new highs or revisiting support levels!

Best Regards,
The NFX Team™ 💚