{"id":252038,"date":"2025-10-19T01:30:00","date_gmt":"2025-10-19T08:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=252038"},"modified":"2025-10-19T11:27:54","modified_gmt":"2025-10-19T18:27:54","slug":"bitcoin-always-in-short-on-daily-chart","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/bitcoin-always-in-short-on-daily-chart\/","title":{"rendered":"Bitcoin Always in Short on Daily Chart"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Video Report: Bitcoin<\/h2>\n\n\n\n<div class=\"wp-block-stackable-video-popup stk-block-video-popup stk-block stk-b7810d3\" data-video=\"https:\/\/youtu.be\/gAAbJJhkboE\" data-block-id=\"b7810d3\"><div class=\"stk-block-video-popup__overlay stk-row stk-inner-blocks stk-block-content stk-hover-parent\" aria-label=\"Play Video\" tabindex=\"0\" role=\"button\">\n<div class=\"wp-block-stackable-icon stk-block-icon has-text-align-center stk-block stk-7346ece\" data-block-id=\"7346ece\"><span class=\"stk--svg-wrapper\"><div class=\"stk--inner-svg\"><svg style=\"height:0;width:0\"><defs><linearGradient id=\"linear-gradient-7346ece\" x1=\"0\" x2=\"100%\" y1=\"0\" y2=\"0\"><stop offset=\"0%\" style=\"stop-opacity:1;stop-color:var(--linear-gradient-7346-ece-color-1)\"><\/stop><stop offset=\"100%\" style=\"stop-opacity:1;stop-color:var(--linear-gradient-7346-ece-color-2)\"><\/stop><\/linearGradient><\/defs><\/svg><svg class=\"svg-inline--fa fa-play fa-w-14\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\" aria-hidden=\"true\" width=\"32\" height=\"32\"><path fill=\"currentColor\" d=\"M424.4 214.7L72.4 6.6C43.8-10.3 0 6.1 0 47.9V464c0 37.5 40.7 60.1 72.4 41.3l352-208c31.4-18.5 31.5-64.1 0-82.6z\"><\/path><\/svg><\/div><\/span><\/div>\n\n\n\n<div class=\"wp-block-stackable-image stk-block-image stk-block stk-e259d8d\" data-block-id=\"e259d8d\"><figure><span class=\"stk-img-wrapper stk-image--shape-stretch\"><img loading=\"lazy\" decoding=\"async\" class=\"stk-img wp-image-252952\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/10\/Bitcoin-Weekly-Report-October-19-2025.jpg\" width=\"1920\" height=\"1080\" alt=\"Bitcoin Weekly Report\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/10\/Bitcoin-Weekly-Report-October-19-2025.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/10\/Bitcoin-Weekly-Report-October-19-2025-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/10\/Bitcoin-Weekly-Report-October-19-2025-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/10\/Bitcoin-Weekly-Report-October-19-2025-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/10\/Bitcoin-Weekly-Report-October-19-2025-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/span><\/figure><\/div>\n<\/div><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Duration 5 mins. AI is voicing Josep Capo&#8217;s original script.<\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Transcript<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Today, we are going to discuss the monthly, weekly, and daily charts of Bitcoin.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Let\u2019s begin by the Monthly Chart<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The monthly chart is in a bull channel that is reversing down from resistances. The resistances Bitcoin faces on this high timeframe chart are:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The wedge top and the measured move based on the height of the 2022 major drawdown.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Since 2023, the market has been trending upwards, completing 1, 2, 3, and 4 legs up. The gaps between higher highs and higher lows have been shrinking until the last bull leg closed the gap, which is not a good sign for bulls expecting continuation of the bull trend.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By reaching the top of the macro wedge, the measured move target, and a failing 4th bull leg, we can say that major price action structures have been completed, and hence, the market is likely in an early stage of a breakout mode pattern.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Breakout modes are small trading range formations where the price seeks balance, with neither bulls nor bears having absolute lead. Finally, the result is either a larger trading range or a trend.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Since there is an open gap around the $75,000 area, I believe that is the major support.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">So far, October is a huge bear outside bar that is reversing down from the all-time highs and is now approaching the 365-day moving average, which would be the first support. $100,000 is relatively near the current price, so I believe it will be tested soon.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For the bulls, it is harder to imagine a scenario currently with the available information, despite looking to buy at the $75,000 area.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For the bears, this may be the beginning of a $20,000 &#8211; $30,000 down move, and it may make more sense to either position short or hedge long-term Bitcoin holdings.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In summary, I expect a trading range pattern to develop between $75,000 &#8211; $125,000, a $50,000 range. I do not expect an 80% drawdown from here, but this is potentially the start of a 40% drawdown.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Now, let\u2019s zoom in the weekly chart.<br><br>At first glance, the bull channel is clearer, defined by a bull trendline at the top and the 365-day moving average at the bottom.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Currently, the price is attempting to break down from a 13-week trading range. I believe the market will reach both $100,000 and the 365-day moving average.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, I don\u2019t expect a significant downward move yet; a sideways movement seems more likely. This is due to the prior week\u2019s bar having a large tail, the week before that being a poor sell signal bar below, and the supports we mentioned\u2014the moving average and the $100,000 level.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As a bear, I\u2019d prefer to sell a lower high major trend reversal instead of a bear breakout, given the issues noted. Since this week\u2019s and the prior week\u2019s bars are surprisingly bearish, I believe a high 1, or a first pullback toward $110,000, will be sold.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">I\u2019d hesitate to buy at the moving average or $100,000, as the chart appears bearish in the short term, based on recent weekly price action. A bull reversal from there might be worth exploring, but I wouldn\u2019t bet on bulls immediately.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">My current strategy is to focus on structuring bear trades around the $110,000 level, expecting it to hold. I see support around $100,000, but given the strongly bearish weeks and the potential for a larger correction on a higher timeframe, caution is warranted.<br><br><br>And finally, zooming into the Daily Chart:&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The market is clearly &#8220;Always in Short.&#8221; A 4-bear micro channel is forming within a second leg down. I believe this micro channel is strong enough to expect another leg down.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Notably, after a strong bear breakout below the 30-day moving average, bulls failed to retest it, leading to the 4-bear micro channel.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The price broke below a buy zone, which may now act as resistance, especially if bears test $100,000 or consolidate bear bars below it.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For bears, selling around $110,000 or a test of the 30-day moving average is a reasonable think to look for. Selling at current prices is risky due to a distant stop and nearer reward at $100,000.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For bulls, I wouldn\u2019t buy bull signals yet; they\u2019re more likely to be sold than bought. The best outcome for bulls is sideways action. However, if the market shifts to &#8220;Always in Long,&#8221; bulls may then look to buy.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n\n\n\n<h3 class=\"wp-block-heading\">Market analysis reports archive<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">You can access all weekend reports on the <a rel=\"noreferrer noopener\" class=\"rank-math-link\" href=\"https:\/\/www.brookstradingcourse.com\/blog\/analysis\/\" target=\"_blank\">Market Analysis<\/a> page.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Market Video Report: Bitcoin Duration 5 mins. AI is voicing Josep Capo&#8217;s original script. Transcript Today, we are going to discuss the monthly, weekly, and daily charts of Bitcoin. Let\u2019s begin by the Monthly Chart The monthly chart is in a bull channel that is reversing down from resistances. The resistances Bitcoin faces on this [&hellip;]<\/p>\n","protected":false},"author":7271,"featured_media":252952,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"shadow","_genesis_layout":"","footnotes":""},"categories":[1904,136],"tags":[223,324],"class_list":["post-252038","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","category-analysis","tag-bitcoin","tag-cryptocurrency","entry","override","shadow"],"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/10\/Bitcoin-Weekly-Report-October-19-2025.jpg","author_info":{"display_name":"Josep","author_link":"https:\/\/www.brookstradingcourse.com\/pt-br\/author\/cnjoseluis10gmail-com\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/252038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/users\/7271"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/comments?post=252038"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/252038\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/252952"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=252038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=252038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=252038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}