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πŸ”Ή Formation of the Seller Zone
After breaking through the volume zone of 110,000–109,600, an active seller emerged, maintaining the impulse around 110,000. Then the seller defended the level of 107,800–107,400, and the buyer was unable to hold above this zone. A rebound occurred, forming a new volume range between 107,000–106,500, which is also controlled by the seller. After the next impulse, the price fell below this volume and is currently trading beneath it. πŸ“‰

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πŸ”Ή Key Support and Resistance Levels
Currently, a significant local volume is concentrated around 104,600–104,300. If the price breaks through this zone and settles above it, there is potential for a rebound to the 105,200–106,500 area or even 107,000, where the last active seller is located. From this zone, another downward rebound may occur. πŸ“‰

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Negative vibes are being thrown around in the info space again, BTC is being heavily slammed like something worthless πŸ˜… Is an uptrend coming soon? πŸ₯΄

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The first serious attempt by the buyer to seize the initiative. πŸ“ˆπŸ€

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The buyer's first attempt was unsuccessful, the seller is very aggressive πŸ”₯πŸ“‰

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πŸ”Ή Dynamics on Higher Timeframes
On the daily chart (D1), the price is attempting to break through a deep correction. The key resistance zone for sellers is between 111,000 and 115,000, with an outpost at 119,200 β€” above which the price should not rise if the sellers are strong. In case the deep correction continues, the first target is around 84,000–82,000, where the last buy signal occurred. It is important to watch the price reaction in this zoneβ€”whether buyers will take the opportunity to add positions for growth πŸ“ˆ. Currently, the priority remains on short positions with prospects of further volume consolidation below and potential for deeper decline πŸ“‰.

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πŸ”ΉAnalyzing the situation on the H4 timeframe:
Over the past few days, the market has been in a wide range-bound movement with a lower boundary around 102,000 and an upper boundary between 114,000–116,000. Recently, trading has been occurring near the lower boundary; last night sellers attempted to break the support and exit the consolidation downwards. However, the attempt has not been firmly established yet β€” main activity remains around the 101,750 level. Candlesticks show wicks, indicating buying pressure from below, volume is present, but there is no clear stoppage or decisive impulse observed. πŸ“‰πŸ”

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πŸ”Ή Market participants' reaction to volumes
After significant sell-offs and liquidations by sellers at local lows, there was notable buyer aggression (sell block at 99,400–100,000). Up to 2000 BTC in market buys occurred β€” this might indicate accumulation of positions by buyers. The price remains above this cluster. We also monitor the 101,900–101,500 range β€” sellers are testing with market orders here, creating additional selling pressure πŸ“‰.

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πŸ”Ή Current balance of power and main scenarios The market currently shows an imbalance towards market sells β€” this creates a risk of further decline πŸ“‰. However, the buyer still holds the level, and with support from limit orders, an impulsive move up to 104,000 is possible πŸ“ˆ. If the buyer fails to hold, the seller will quickly intensify pressure πŸ”₯. Key buyer groups: 102,000, 101,500, 101,200, and 99,399–300. A breakout below 99,000 will trigger mass position exits, accelerating the decline ⚠️. We closely watch volume and the red delta: the seller is aggressive here, but it is currently being decided whether the buyer has enough strength to hold the market 🧐.

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πŸ”Ή Intraday Situation
After the peak decline, volumes started to increase, especially after lunch and this morning. A zone of 101,600–101,500 has formed β€” a strong daily mid-level that the buyer is trying to control. If this zone is held, an upward correction is expected with the first target at 104,000. If the price breaks below 100,500 and falls under 100,000, a new wave of impulsive decline is possible, as significant volumes are concentrated here.
πŸ”Ή Critical Zones for Buyers and Sellers
The development of events depends on 101,500: if the buyer manages to hold this level, a move up to 104,000 is possible; if it fails, the decline will intensify. In the middle of the current range, large selling volumes are concentrated (100,500 and 100,000), where the seller’s climaxes were recorded twice β€” the price fell essentially to large volume clusters to trigger stops and absorb buyer’s limit orders. πŸ“‰πŸ“ˆ

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We are gradually moving further into a correction πŸ“‰. Targets are 103.8k, 103.9k, and 104.5k. There might be a cunning seller lurking there πŸ•΅οΈβ€β™‚οΈ.

Levels where there was a fight and the buyer won the battle β€” 101.6k, 101k, and 100.5k πŸ“Š.

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At the moment, the distance from the zone with the best price for entry at the reversal is +2.61% πŸ“Š

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There is a long pattern forming on BTC πŸ“ˆ, maybe this is the bottom that traders get as a gift 🎁 when making their first buy :)

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The buyer pushed the price up to the seller's zone around 104.5k πŸ“ˆ Now we see a slight pullback downwards πŸ“‰

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We are currently testing the buyer zone around 101-102k πŸ›’. Watching to see if it will be defended. If it will, we might see some initial volume πŸ”.

If the buyer fails to hold this zone, the seller will have every chance to continue the decline at least to 99k πŸ“‰, and then attempt to break the lower low below ⬇️.

Let's watch, it will soon be clear who plays whom πŸ€”.

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πŸ“ There is also a local interesting zone around 102.4k-102.8k. It is evident that several times there was a battle for these levels. Some consider them significant, and who are we to ignore this information? πŸ€”

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The battle for control has begun βš”οΈ, a "fat cat" detected πŸ±πŸ’°. So far, the buyer is losing πŸ“‰, and the seller looks more aggressive πŸš€.

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During yesterday's decline, a selling climax πŸ“‰ occurred, and the delta shows an aggressive buyer πŸ›’ who defended themselves on the retest. The seller is not yet visible on the higher timeframe ⏳.

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Locally, we see trapped sellers in the 101-101.4k area. This is a support zone, and if the buyer is alive, we will most likely see a scenario like the one in the picture. πŸ“‰πŸ“ˆ

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