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Bitcoin.. oh no…

MMCrypto · · 04:19 · Watch on YouTube

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BTC near publication: $108,4874-hour candle close · 19 Oct 2025, 16:00 UTC · BTC/USDT

On Bitcoin

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  • Next days (next 1–7 days): Waiting on 111k (timeframe is our reading): If we are closing it somewhere below 111,000, this will be a confirmed break towards the downside. ▶ 03:06

If this, then that

  • If Weekly candle closes below 111,000, confirming the break of weekly support, then 98k (next weeks, by within the next 7 to 14 days): below 111,000, this will be a confirmed break towards the downside. And in this case, it would become more likely than not that in within the next 7 to 14 days, we could reach $98,000 ▶ 03:08

Levels named

  • 111k: Support (upward sloping weekly support line; a weekly close below it is a confirmed break): If we are closing it somewhere below 111,000, this will be a confirmed break towards the downside. ▶ 03:06
  • 98k: Support, expected to hold (Other): we could reach $98,000 for Bitcoin. This will most likely hold as support. ▶ 03:18

Their own position: Short. I took a few million US in profits, still remaining $10 million. and unrealized profits in this trade.