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Bitcoin Double Bottom or Breakdown? Key Levels to Watch Now
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Bitcoin faces critical resistance at 116K after forming a potential double bottom pattern. Short-term holders are capitulating with 70,000+ BTC sent to exchanges at a loss since July 31st. Key support lies at 112-114K range, while liquidity pools at 120K present upside targets. ETF outflows persist but Ethereum shows relative strength with increasing open interest. Technical analysis suggests sideways action before potential V-recovery, though breakdown below 114K could trigger deeper correction to 108K support levels.
00:00 Welcome and Community Poll Results
01:01 Position Management Strategy and RSI Analysis
02:01 Google Trends and Retail Interest Decline
03:01 Long Position Management and Resistance Analysis
04:05 Short-Term Holder Analysis and SOPR Metrics
05:11 Ethereum vs Bitcoin Open Interest Shift
06:05 ETF Flows and Air Gap Analysis
08:03 ETF Performance and Institutional Activity
10:26 Patreon Community Updates and Market Position
12:05 Open Interest Analysis and Leading Indicators
15:05 Four-Hour RSI Levels and Support Analysis
18:08 Daily RSI Update and Momentum Analysis
21:03 Weekly Chart Analysis and SOPR Breakdown
24:03 Exchange Deposits and Net Taker Analysis
26:36 Liquidity Pools and Risk Management
28:57 Order Book Analysis and Whale Activity
31:04 General Markets and Altcoin Season Analysis
34:10 Ethereum Strength and Wrap-Up Summary
#Bitcoin # BTC #TechnicalAnalysis # Ethereum #CryptoTrading