📊 Bitcoin Weekly Analysis: Technical Patterns Signal Potential Correction

Current price: $113,752 USD (CoinMarketCap)

We're currently in a resistance-free zone 🔓 after breaking through previous all-time highs, but technical indicators don't yet show a clear reversal pattern forming. Multiple technical signals on the weekly chart suggest we could experience a significant price correction before the end of this week.

🔍 Key Market Factors

📅 Thursday's Fed Decision: The upcoming rate adjustment in the United States represents a critical market catalyst. Historical patterns show crypto markets often respond with heightened volatility to Federal Reserve decisions, potentially turning markets red 🔴.

📈 Technical Outlook: The weekly RSI shows signs of divergence, while volume patterns indicate decreasing buyer momentum despite recent price action. Should bearish pressure continue, technical support levels suggest a potential retrace to the $89,000-$78,000 zone on the weekly timeframe 👀.

📋 Recommended Trading Approach

For traders considering positions in the current market environment:

• Risk Management: Implement staggered purchases at key support levels to reduce entry risk
• Patience Strategy: Wait for clear trend reversal confirmation before committing significant capital
• Position Sizing: Consider lighter positions until market direction becomes more definitive

From a risk-reward perspective, I'm personally remaining on the sidelines until better entry levels present themselves 🏹.

$BTC $ETH $SOL #trading #CryptoAlert

Disclaimer: Contains third-party market perspectives. This post is for informational purposes only and does not constitute financial advice. May include sponsored content.