Bitcoin Correction or Trap? Watch This Support Zone Closely

Exclusive #Bitcoin Update

I got lots of DMs, people are asking:
Do you think the bull trend is finished, or is it just a correction and pullback?
Guys, first stop panicking.
This is exactly what the shark wants you to do. Don’t let them shake you out.

Let’s get to the chart:
My previous chart got invalidated, and the current situation is that is defending strongly around the $104.8K to $104.3K support zone.
According to the FIB level, we’re currently at the 0.383 level. This area has previously served as strong resistance, so it can now function as effective support.

If bulls manage to bounce from this area and push above $107K, we could trigger a sharp move toward the $112K–$113K liquidation zone,
where we have almost $12B in short liquidations acting as a strong magnet!

Let's talk about the worst-case scenario, in case we break down below this supportive area, then we have
200 EMA and a strong support around $101.4k to $101.8k.

I’ll keep you posted as things unfold. If you find my updates helpful, don’t forget to like and follow for more! #Bitcoin2025

Trade active

I didn’t mention this lower trendline earlier, but it looks pretty solid as a support. It has previously acted as both resistance and support.

#Bitcoin looks pretty good here!
Still, I don’t think it will follow a textbook pattern, and I won’t be surprised if it does a fake breakdown or makes a wick toward the lower level around $100K to trigger panic or wipe out weak hands.

Now it's all about watching the daily and weekly closes.
Keep an eye on it.

If you find my updates helpful, don’t forget to like and follow for more!

#Bitcoin2025

Note

No major changes in #Bitcoin is moving exactly as planned.

Note

Update: All Eyes on the Breakout 👀

No major changes, #Bitcoin is moving exactly as expected.
Yesterday, it tried to break the $106K resistance but got rejected from that level.

Right now, it’s holding above the lower support line of the triangle. We’re expecting a bounce from here, followed by a breakout above the triangle, aiming for the $113K zone.

I’ll keep you posted as things unfold. If you find my updates helpful, don’t forget to like and follow for more!

CRYPTOMOJO_TA

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