Overview
The BTC/USDT 2-week chart indicates that Bitcoin has reached a critical resistance zone (~$110K) and is facing overbought conditions based on multiple indicators. There is a high probability of a pullback correction before the next impulsive leg.
This analysis identifies key buy and sell zones based on Elliott Wave Theory, Fibonacci retracement levels, support-resistance levels, and stochastic indicators.
🚀 Key Sell Zones (Profit-Taking & Resistance)
1️⃣ $109,500 - $110,000 (Cycle Peak)
BTC has touched a key resistance based on Fibonacci 8.921 extension.
Historically, BTC corrects after reaching extreme overbought conditions.
Sell Pressure Expected: RSI and Stochastic RSI indicate overbought divergence, signaling potential trend exhaustion.
2️⃣ $100,000 - $105,000 (Psychological Resistance)
A critical psychological barrier.
If BTC consolidates here without new highs, expect a pullback towards support zones.
3️⃣ $85,000 - $90,000 (Short-Term Resistance)
If BTC starts correcting, this area may serve as support-turned-resistance.
Traders may look to exit partial positions in case of downward movement.
📉 Key Buy Zones (Support & Discount Entries)
1️⃣ $73,600 - $74,000 (38.2% Fibonacci Retracement)
A moderate pullback zone where BTC may find demand.
Could serve as the first major re-entry point.
2️⃣ $62,500 - $63,000 (50% Fibonacci Retracement)
Key equilibrium level, often a strong bounce zone.
Smart money accumulation likely in this range.
3️⃣ $51,400 - $52,000 (61.8% Fibonacci Retracement - Golden Pocket)
Most optimal buy zone if BTC corrects deeply.
Institutional investors & whales typically accumulate in this area.
Re-entry target for long-term bullish continuation.
4️⃣ $35,000 - $40,000 (Major Demand Zone)
If BTC experiences a deep retracement, this is a strong long-term re-accumulation zone.
📊 Technical Indicators Confirmation
Stochastic RSI (Overbought Region)
Stochastic RSI has formed a triple top, indicating possible correction soon.
Look for cross below 80 as a sign of selling pressure.
Ichimoku Oscillator (Momentum Divergence)
Bearish divergence detected, meaning momentum is slowing.
Expect sideways or downward action before resuming uptrend.
Moving Averages
200 EMA (Long-Term Support) aligns with $35K-$40K zone.
50 EMA (Intermediate Support) aligns with $62K-$74K zone.
🔥 Summary: Trade Plan
Short-Term Traders: Consider profit-taking at $100K-$110K.
Medium-Term Investors: Look for buy entries between $62K - $74K.
Long-Term Holders: Best re-entry zone: $51K - $40K.
The BTC/USDT 2-week chart indicates that Bitcoin has reached a critical resistance zone (~$110K) and is facing overbought conditions based on multiple indicators. There is a high probability of a pullback correction before the next impulsive leg.
This analysis identifies key buy and sell zones based on Elliott Wave Theory, Fibonacci retracement levels, support-resistance levels, and stochastic indicators.
🚀 Key Sell Zones (Profit-Taking & Resistance)
1️⃣ $109,500 - $110,000 (Cycle Peak)
BTC has touched a key resistance based on Fibonacci 8.921 extension.
Historically, BTC corrects after reaching extreme overbought conditions.
Sell Pressure Expected: RSI and Stochastic RSI indicate overbought divergence, signaling potential trend exhaustion.
2️⃣ $100,000 - $105,000 (Psychological Resistance)
A critical psychological barrier.
If BTC consolidates here without new highs, expect a pullback towards support zones.
3️⃣ $85,000 - $90,000 (Short-Term Resistance)
If BTC starts correcting, this area may serve as support-turned-resistance.
Traders may look to exit partial positions in case of downward movement.
📉 Key Buy Zones (Support & Discount Entries)
1️⃣ $73,600 - $74,000 (38.2% Fibonacci Retracement)
A moderate pullback zone where BTC may find demand.
Could serve as the first major re-entry point.
2️⃣ $62,500 - $63,000 (50% Fibonacci Retracement)
Key equilibrium level, often a strong bounce zone.
Smart money accumulation likely in this range.
3️⃣ $51,400 - $52,000 (61.8% Fibonacci Retracement - Golden Pocket)
Most optimal buy zone if BTC corrects deeply.
Institutional investors & whales typically accumulate in this area.
Re-entry target for long-term bullish continuation.
4️⃣ $35,000 - $40,000 (Major Demand Zone)
If BTC experiences a deep retracement, this is a strong long-term re-accumulation zone.
📊 Technical Indicators Confirmation
Stochastic RSI (Overbought Region)
Stochastic RSI has formed a triple top, indicating possible correction soon.
Look for cross below 80 as a sign of selling pressure.
Ichimoku Oscillator (Momentum Divergence)
Bearish divergence detected, meaning momentum is slowing.
Expect sideways or downward action before resuming uptrend.
Moving Averages
200 EMA (Long-Term Support) aligns with $35K-$40K zone.
50 EMA (Intermediate Support) aligns with $62K-$74K zone.
🔥 Summary: Trade Plan
Short-Term Traders: Consider profit-taking at $100K-$110K.
Medium-Term Investors: Look for buy entries between $62K - $74K.
Long-Term Holders: Best re-entry zone: $51K - $40K.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.