Technical analysis by Orriginal about Symbol BTC on 10/11/2025

Orriginal
هشدار تکراری: چرا دوباره به دام فیبوناچی 236 افتادیم؟ (تحلیل تکنیکال بازار)

In a post at the beginning of the month, I warned about a RED start to the month. OK, we reached a New ATH first lol...But look where we are now ! My exact words were "Past October closes are 10 Green to 4 Red, so the Odds are we will see another Green October close, though it may not be a large candle. InFacr, there are a few charts that point towards a Red start till around Second week, 12th - 15th October. This of course can change but it maybe worth understanding that we may get a bloody month start." Look at the Arrow on the chart. That Red Arc is a 236 Fib circle.... Anyway, so now ? We are not at that date range for recovery yet but Monday may be positive But CAUTION is a MASSIVE idea. We have currently bounced off the 5.382 Fib extension and are noe just above the 5.768 BUT also just under a line of resistance. WE NEED TO GET OVER THAT One thing that points to a possible range here ir, at worse, further Dips is that the Daily MACD has only just turned BEARISH The 4 hour has reached OVERSOLD now and so we may see some support coming in on a short term The Daily RSI is Low but maybe not low enough to support a sustained move higher though it can rise and Range high We need to WaTCH CLOSE AND SEE WHAT HAPPENS OVER THE NEXT 7 DAYS