So, here we are, dear reader, in the thrilling rollercoaster of Bitcoin’s not-so-volatile phase. It’s like a soap opera, but with fewer heartbreaks and more financial jargon! The structural support is holding strong, hanging on just like those questionable fashion choices from last season. 🎢
BTC Price Shenanigans: The Technical Tangle
By Shayan, your tour guide through this crypto carnival
The Daily Drama
Bitcoin is currently having a mid-life crisis, stuck between $116K and $120K, as if deciding between a sports car or a convertible. This tightrope walk of price action and low volatility is like a duel between buyers and sellers, played out amidst the chaos of altcoins swirling around like confused partygoers. 🎉
But brace yourself, for a bearish divergence between price and RSI has entered the chat, raising red flags like an overdramatic friend. If Bitcoin gives in to this bearish pressure, a heart-wrenching descent to $111,000 could be in our future. Cue the tragic music! 🎻
However, don’t forget that as long as Bitcoin clings to that $111,000 support level like a kid with a favorite teddy bear, all is not lost. A grand escape above $120K might still be on the horizon. Keep your popcorn handy! 🍿
The Four-Hour Follies
Now, if we zoom into the four-hour chart, guess what? BTC is strutting its stuff in a bullish flag pattern, like a peacock in full display, showing off those higher highs and lows. But hold your horses; if that ascending trendline, our trusty sidekick, fails, we might just tumble down to $111K like a reality show contestant losing their way. 🤦♂️
The On-Chain Chronicles
By Shayan again, because one opinion is never enough.
Oh, the latest gossip from the futures order flow! There’s been a surge in small-sized positions, like retail traders rising from the depths, actively throwing their hats into the crypto ring. How charming! 🥳
What’s more? The big fish, usually flipping their massive assets like pancakes at a Sunday brunch, are surprisingly silent. No sell-offs here! The whales are clinging to their treasures, suggesting they’re still optimistic about the ‘upward and onward’ narrative. It’s like they know something we don’t! 🐋
This situation, with the little guys getting active and the big players staying cool, might just be the calm before the storm. When the dust settles, and the range resolves, it could mean a fresh wave of excitement crashing into the market. Just when we thought it was all over…
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2025-07-26 19:58