BTCUSD Weekly Analysis 02/10/2025

Fundamental analysis

1. Overview of Momentum and Market Structure

• Current Momentum: Bearish.

• Previous Week's Performance: Bearish.

• Range: 102569 – 91530

• Expectations: Anticipating a bearish continuation within the range, targeting new lows.

Trading Plan

Bearish Bias

• Strategy:
  Watch for price action rejections at the following resistance levels:

  • 100185 (H4 Liquidity)

  • 100846 (H4 Liquidity)

• Targets:

  • Primary target: 95678 ( Internal Liquidity) and 91530 (Extreme Liquidity).

  • Secondary target: 89164 (Daily Liquidity)

For Long

• Strategy:
  Monitor price action at the following support levels for potential reversals:

  • 91530 (Extreme Liquidity)

  • 89164 (Daily Liquidity)

• Confirmation:
  Look for reversal patterns such as bullish engulfing candles or order block formations before entering long positions.

• Targets:

  • Primary Target: 97318 (H4 Liquidity) and 100182 (H4 Liquidity).

  • Extended Target: 100846 (H4 Liquidity) and 102569 (Extreme Liquidity).

Summary

• The bias remains bearish within the 102569 – 91530 range.

• Short entries are favorable around resistance levels (100185, 100846) with confirmation.

• Long opportunities may arise near or above 91530, 89164 if signs of exhaustion emerge.

• Use your strict money management rules to manage risks effectively.

Technical analysis

Bitcoin (BTC) remains under pressure, trading near $97,000 after a 5% drop in three days. CryptoQuant reports Bitcoin network activity at a one-year low, signaling reduced on-chain demand.

Meanwhile, upcoming FTX creditor repayments, set to begin on February 18, could inject volatility into the market. Broader macroeconomic uncertainties, including US-China trade tensions and shifting US tariff policies, add to the bearish sentiment. Traders now await key developments to gauge BTC’s next move.