Bitcoin (BTC) Technical Outlook – Caution Advised for Retail Tra

🪙 Bitcoin (BTC) Technical Outlook – Caution Advised for Retail Traders

The broader market structure for BTC remains bullish, no doubt. However, on the daily timeframe, we’ve observed a clear bearish move, indicating potential short-term weakness.

Key Resistance Levels to Watch:

First Resistance: 102,851

Second Resistance: 103,665

Both of these levels could act as potential zones for a sell-off, especially if BTC shows signs of exhaustion near these zones. If price reacts bearishly here, we could see a corrective move towards the 96,466 level, which serves as a reasonable downside target.

Important Scenario to Monitor:

If the market attempts a liquidity hunt above the second resistance at 103,665, the situation could get tricky. While this might look like a breakout, it may not sustain bearish momentum beyond that level — indicating market indecision or a possible trap.

⚠️ Final Note for Retail Traders:

BTC is currently creating confusion, and retail traders should exercise extra caution. The market might visually appear to be setting up for a sell, but could quickly reverse, shaking out early entries. Avoid trading emotionally and wait for clear confirmation before entering positions.