Total Quality
Score
If You Had Traded on This Analysis…
Fail
BTCUSDT
Long Entry
124,538.0000
2025-10-06
12:52 UTC
Target
129,000.0000
Fail
121,000.0000
In 1 Days
Risk/Reward
1 : 1
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Final PnL
-2.84%
P/L: —
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The analyst is doing a monday market update on Bitcoin. He notes that Monday has been a tricky day for Bitcoin over the last three months and analyzes BTCUSDT technicals with potential bearish divergence. The price has been making higher highs, the RSI made lower lows and volume made lower highs. He says there is technical confirmation of a top. For bitcoin, a key level to watch is between $123,600 and $124,000. Unless bitcoin is able to reclaim $124,000 the analyst has a slightly bearish short term bias. First support at $121,000. The analyst presents that if you long Bitcoin and your liquidation price is $118,000, you are doing something wrong. Next the analyst takes a look at global markets mentioning that Japan's Nikkei is doing great and that he will make a video on Jasmy. In addition the S&P 500 is bullish, but relatively stable and the Volatility index opened higher, but remains stable. Overall he thinks going long on altcoins is the way.
