Rvisham

Between October 8 and 10, Bitcoin went through a clear fake pump that slowly turned into the start of a structural downtrend. On October 8, the price climbed from around 120,500 up to 123,400 after the news about the large 1.19 billion‑dollar ETF inflow. At first, it looked like a normal bullish move, but volume started to fade and open interest dropped from 100K to 92K, showing that real buyers were not supportive and the move was likely a trap. Later, when Bitcoin touched 121,252, a strong red candle appeared with heavy volume close to 936 million, and open interest jumped to 97K. That moment confirmed the start of new short positions instead of liquidation pressure. From there the market structure clearly flipped. In the short‑term charts, RSI began to fall and MACD turned negative while price settled under the MA30 line. Liquidation maps showed most long liquidities stacked below 119,300 to 117,400, which means those areas were the next targets for price to sweep. Meanwhile, the upper zones around 124K–126K lost strength and became lighter, signaling that bullish energy was running out. By October 10, the price was around 121,736. RSI was near 70, marking a short‑term overbought squeeze, and MACD was barely positive. Open interest remained high around 96K, which confirmed shorts were still active. Overall, the market was showing a fake recovery phase before a larger drop. A practical trade setup at that point was short entries in the 121.6K–122.3K zone, targeting first 119K and then around 115.5K. Across all charts from October 8 to 10, the combination of fading volume, high OI and liquidity distribution supported the bearish continuation. Simply put, the fake pump phase is over, and Bitcoin now enters the main distribution drop toward the next major support area

Bitcoin’s recent price action has caught the attention of traders, but there’s a key element to watch closely: **volume**. Despite testing critical support at **57,000 USDT**, Bitcoin’s volume remains unusually low, suggesting the potential for increased volatility as selling pressure builds. ### 1. **Volume as a Leading Indicator:** - The **24.775K** volume figure on this daily chart indicates a lack of conviction from both buyers and sellers. This low trading volume, coupled with Bitcoin’s inability to break through significant resistance levels, may signal an incoming sharp move. - Low volume near key support levels is often a precursor to a larger move as market participants wait for a clear breakout or breakdown. If the volume spikes and selling intensifies, it could lead to a rapid decline. ### 2. **Price Action:** - Bitcoin is currently trading at **57,776 USDT**, hovering near critical support at **57,000 USDT**. While the price hasn’t yet plunged, the lack of strong volume on upward moves indicates that buyers are hesitant to step in aggressively. - In the past few sessions, Bitcoin has failed to hold above the **20-day EMA (58,323 USDT)**, reinforcing the bearish momentum. Without volume to push through resistance, BTC continues to consolidate near the lower range of its price channel. ### 3. **Support and Resistance Levels:** - The key support level at **57,000 USDT** is crucial. A breakdown here could trigger a high-volume sell-off, pushing the price down to **49,024 USDT**, which represents a strong area of previous consolidation. - On the upside, Bitcoin faces stiff resistance from the **20/50/100-day EMAs**, all of which hover just above the current price. Without a surge in buying volume, a breakout above these levels seems unlikely. ### 4. **Volume Divergence and Trendlines:** - The **descending trendline** in the chart reflects the continued presence of selling pressure, with each rally being met by resistance and declining volume. The lack of increasing volume on bullish moves suggests that the price is moving more on inertia than conviction, raising concerns about the sustainability of any upward trend. - Historically, a **volume divergence**—where price movement occurs with declining volume—can signal that the market is losing steam, setting the stage for a potential reversal. ### 5. **RSI and Market Sentiment:** - The **RSI (Relative Strength Index)** sits at **47.34**, signaling neutral momentum. However, with low volume, even a small uptick in selling pressure could push the RSI below **40**, confirming a bearish sentiment. - Sentiment in the market seems muted, with neither bulls nor bears taking decisive control. This hesitation reflects low volume, suggesting traders are waiting for a key catalyst before committing fully to the next move. --- ### **Conclusion:** Low volume near key support levels is a major warning sign for Bitcoin’s price action. The longer the volume remains low, the more likely it is that a larger, more volatile move is on the horizon. If selling volume increases, Bitcoin could easily break below the **57,000 USDT** support, with potential for a swift decline to **49,024 USDT**. Until volume picks up on the buy side, BTC may remain in a precarious position. Traders should watch volume closely as the determining factor in Bitcoin’s next major move.

Bitcoin (BTC) has entered a critical zone as it struggles to hold above the $57,000 support level. The daily chart suggests that the cryptocurrency is losing momentum, with multiple technical indicators pointing towards a potential bearish breakdown. ### 1. **Price Action and Key Levels:** - Bitcoin is currently trading at **57,776 USDT**, down **2.29%** in the latest session. The price has ranged between **59,210 USDT** (high) and **57,493 USDT** (low), reflecting increasing selling pressure. - The price has failed to break through the strong resistance around **60,000 USDT**, and the downward sloping trendline indicates that sellers are controlling the market. ### 2. **EMAs Acting as Resistance:** - BTC is trading below all key EMAs (20/50/100/200), indicating that the bulls are losing control in both short- and long-term trends. The **20-day EMA** (58,323 USDT) is acting as immediate resistance, followed by the **50-day EMA** (59,523 USDT). The price consistently failing to reclaim these levels reflects persistent bearish sentiment. ### 3. **Descending Trendline Pressure:** - A clear **descending trendline** is visible on the chart, connecting recent highs. BTC has been unable to break this trendline, suggesting continued downward pressure and potential for further declines. This trendline acts as a psychological barrier for the bulls, preventing any significant breakout. ### 4. **Support Levels and Bearish Targets:** - The key support at **57,000 USDT** is being tested. A break below this level could lead to a sharper decline, with the next major support resting around **49,024 USDT**, which coincides with a previous consolidation zone. Traders should be cautious of a close below this support, as it could signal a prolonged bearish phase. ### 5. **RSI and Momentum:** - The **RSI (Relative Strength Index)** is currently at **47.34**, suggesting neutral momentum but edging closer to oversold territory. This indicates that while Bitcoin is not yet in an oversold condition, a continuation of the current trend could push the RSI below **40**, confirming further downside risk. ### 6. **Volume and Market Sentiment:** - The **volume** sits at **24.775K**, which is relatively low. This implies that the current move down might not yet have the momentum of a full-scale sell-off, but if selling volume picks up, it could accelerate Bitcoin’s decline towards lower support levels. --- ### **Conclusion:** Bitcoin is at a crossroads, with key support levels in danger of being breached. If the price fails to hold above **57,000 USDT**, the next target could be **49,024 USDT**. The inability to break through key EMAs and the descending trendline further signals a bearish outlook. Traders should keep an eye on volume and RSI levels to gauge the strength of the selling pressure. A breakdown could signal a prolonged bearish trend, while a bounce from these levels would provide temporary relief.

Bitcoin (BTC) has entered a critical zone as it struggles to hold above the $57,000 support level. The daily chart suggests that the cryptocurrency is losing momentum, with multiple technical indicators pointing towards a potential bearish breakdown. ### 1. **Price Action and Key Levels:** - Bitcoin is currently trading at **57,776 USDT**, down **2.29%** in the latest session. The price has ranged between **59,210 USDT** (high) and **57,493 USDT** (low), reflecting increasing selling pressure. - The price has failed to break through the strong resistance around **60,000 USDT**, and the downward sloping trendline indicates that sellers are controlling the market. ### 2. **EMAs Acting as Resistance:** - BTC is trading below all key EMAs (20/50/100/200), indicating that the bulls are losing control in both short- and long-term trends. The **20-day EMA** (58,323 USDT) is acting as immediate resistance, followed by the **50-day EMA** (59,523 USDT). The price consistently failing to reclaim these levels reflects persistent bearish sentiment. ### 3. **Descending Trendline Pressure:** - A clear **descending trendline** is visible on the chart, connecting recent highs. BTC has been unable to break this trendline, suggesting continued downward pressure and potential for further declines. This trendline acts as a psychological barrier for the bulls, preventing any significant breakout. ### 4. **Support Levels and Bearish Targets:** - The key support at **57,000 USDT** is being tested. A break below this level could lead to a sharper decline, with the next major support resting around **49,024 USDT**, which coincides with a previous consolidation zone. Traders should be cautious of a close below this support, as it could signal a prolonged bearish phase. ### 5. **RSI and Momentum:** - The **RSI (Relative Strength Index)** is currently at **47.34**, suggesting neutral momentum but edging closer to oversold territory. This indicates that while Bitcoin is not yet in an oversold condition, a continuation of the current trend could push the RSI below **40**, confirming further downside risk. ### 6. **Volume and Market Sentiment:** - The **volume** sits at **24.775K**, which is relatively low. This implies that the current move down might not yet have the momentum of a full-scale sell-off, but if selling volume picks up, it could accelerate Bitcoin’s decline towards lower support levels. --- ### **Conclusion:** Bitcoin is at a crossroads, with key support levels in danger of being breached. If the price fails to hold above **57,000 USDT**, the next target could be **49,024 USDT**. The inability to break through key EMAs and the descending trendline further signals a bearish outlook. Traders should keep an eye on volume and RSI levels to gauge the strength of the selling pressure. A breakdown could signal a prolonged bearish trend, while a bounce from these levels would provide temporary relief.

Due to losing momentom in daily chart market will change direction as we see... Targets: 66100 64200 60200