Cryptowzrd, in a new update on Bitcoin’s daily technical perspectives, said the market closed bassist, leaving space for below. A decisive closure below the $ 110,500 support could mark a key change, which is worth seeing the lowest levels.
Daily sailing signs Bitcoin bearish pressure
Cryptowzrd expanded in his perspective pointing out that Bitcoin’s daily candle closed bassist, with a price now operating below the support zone of $ 110,500. This breakdown is significant and could invite greater sales pressure in the sessions ahead if buyers do not claim the level.
He stressed that keeping under this support opens the door for a possible movement towards the $ 100,000 mark. However, a strong bullish candle and a rapid recovery could invalidate the bearish configuration, restoring confidence for buyers.
In the analysis, he also highlighted Bitcoin’s domain performance (BTC.D), which closed undecidedly while showing weakness. This weakness in domain is often seen as a positive signal for the Altcoins, since it suggests that capital flows from bitcoin and alternative assets.
Such change in market domain reflects the growing market confidence in Altcoins. When Bitcoin domain stops or decreases, it tends to feed Altcoin’s demonstrations, which allows merchants to diversify in promising configurations throughout the market.
Finally, he pointed out that markets are directed to the monthly transition period, a time often associated with greater volatility and mixed feeling. Upon entering the weekend, he emphasized the importance of staying rational and avoiding excessive extension in any direction, maintaining measured strategies while waiting for clearer confirmation signs.
BTC’s volatility dominates intradic trade
Cryptowzrd stressed that today’s intradic table showed strong volatility with a clear bassist tone, since Bitcoin slid and currently remains below the intradic support of $ 110,400. This level has now become critical, since losing it indicates that the buyer’s strength weakens and increases the risk of higher downward pressure.
He explained that if Bitcoin tests again $ 110,400 and does not recover it, the level could turn to the resistance. Such scenario would probably trigger a brief configuration, with a price action aimed at the support area of $ 105,500 or even extend the lowest impulse if the bassist impulse accelerates. This causes the region of $ 110,400 to be a decisive battlefield for merchants who closely observe the intradic configurations.
On the other hand, Cryptowzrd said that a strong claim and maintenance of more than $ 110,400 could change the impulse in favor of the bulls, opening the door for greater rising pressure. However, the encryption analyst emphasized that the market currently lacks clarity, and merchants must be cautious before hurrying.
