Technical analysis by cryptoonchain about Symbol BTC on 11/7/2025

The price has reached a crucial support zone at $102,000 and has stalled after a sharp decline. 🛑 The pattern in the yellow box is a Consolidation Zone, signifying a fierce battle between buyers and sellers and diminishing selling pressure. 🥊 #PriceAction If the price breaks above the ceiling of this Consolidation Zone, we can expect a rally towards the next resistance at $108,000. 🚀 #BullishScenario However, if this support fails and the price closes below the floor of the Consolidation Zone, more downside can be expected. 😨 #Risk The market is currently indecisive 🤔; it’s best to wait for a confirmation signal (a breakout) before entering a trade. Patience is the best strategy at this point, until the market’s next direction becomes 💰