BTC/USD: Key Levels and Strategy for the Ongoing Correction
2025-01-28
Category: None

Key Support and Resistance Levels 
	1.	Main Supports
	•	$99,000: Confluence of daily MA50, OI LIQMAP cluster, and Auto AVWAP (~$100k).
	•	$93,000–$91,000: Potential deeper retracement if the correction extends (targets for a deeper wave C).
	2.	Secondary Supports
	•	Around $97,000–$98,000: Minor AVWAP and previous 2H/4H lows.
	3.	Resistances
	•	$105,000–$107,000: Identified OI LIQMAP zone for potential short squeezes, confluence with AVWAP High.
	•	$110,000+: Possible extension in case of a strong recovery.

 Final Recommendations 
	1.	General Trend
	•	Long timeframes (12H, 1D) and the MTFTI average indicate a bullish trend. The ongoing correction aligns with standard A-B-C waves or a “flat” scenario (potentially “running flat”).
	•	Key areas to monitor for a potential bottom: $99,000 and $91,000–$93,000.
	2.	Rebound Confirmation
	•	Monitor price action around $99,000:
	•	A confirmed pullback with RSI bullish divergence on 4H (BB/RSI_DIV) and Investor Satisfaction (ISPD) returning to 0.4–0.5 could signal a good buying opportunity.
	•	If a clear break occurs below $99,000, a test at $93,000–$91,000 could serve as a secondary entry point.
	3.	Upside Targets
	•	Short-term: Aim for a return to $105,000–$107,000, where significant seller clusters are concentrated.
	•	On breakout: Potential extension to $110,000+.
	4.	Risk Management
	•	In the very short term (2H/4H), further downside is possible; caution is advised when timing entries.
	•	Wait for structural confirmations (end of wave C, RSI divergence, etc.).
	•	Indicators (HPI, Koncorde) do not show significant selling pressure on higher timeframes, so panic is unnecessary.