BITCOIN WARNING: Price Breakdown (I'm Out)!!! - Bitcoin News Today, Ethereum & Altcoins

Market Analysis - Bitcoin is facing rejection from a resistance area and approaching a crucial support level, indicating potential short-term weakness [1] - A significant bearish divergence on the weekly Bitcoin chart suggests potential weakness and reduced bullish momentum in the coming weeks or months [2][3] - Bitcoin's immediate support level is around $100,000, while resistance lies between $106,000 and $107,000, potentially leading to sideways price action [4][7] - Ethereum is exhibiting sideways price action, fluctuating between support at approximately $3,050 to $3,250 and resistance around $3,650 to $3,700 [30][31] - XRP is currently holding support between $230 and $240, with resistance between $260 and $270, suggesting a potential range-bound movement in the short term [41][43] Trading Strategies and Opportunities - The analysis suggests potential opportunities for grid bot trading strategies to profit from choppy, sideways price action in Bitcoin, Ethereum, Solana and XRP [28][39][48] - The author closed a previous Gridbot trading strategy at roughly break even, anticipating a better entry point due to expected weakness in the market [17][18] Liquidation Heatmap Analysis - Bitcoin's liquidation heatmap shows liquidity building around $107,500 and between $98,400 and $98,500, suggesting potential price movements towards these levels [24][25] Altcoin Analysis - Solana exhibits a similar pattern to Bitcoin, with a larger bearish trend but short-term sideways price action between support at $143 to $147 and resistance at approximately $170 [36][37][38] - Chainlink is in a larger bearish trend but showing a shorter-term bullish divergence, with support around $1520 to $1570 and resistance at $1660, $1750, and $19 to $20 [44][45][46][47]