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]

Welcome back to the channel everyone. My name is Josh and right now we're finally starting to see a massive spike in volatility on this Bitcoin price chart as Wall Street investors just dumped a lot of Bitcoin yesterday, dumping the price of Bitcoin into this area of liquidity and wiping out a bunch of liquidity to the downside. But we now have this bullish price target that is still remaining on this Bitcoin price chart as Bitcoin is getting ready for another test of this critical line of resistance for th ...