BTC 2 weeks Chart Analysis

Overview
The BTC/USDT 2-week chart indicates that Bitcoin has reached a critical resistance zone (~$110K) and is facing overbought conditions based on multiple indicators. There is a high probability of a pullback correction before the next impulsive leg.

This analysis identifies key buy and sell zones based on Elliott Wave Theory, Fibonacci retracement levels, support-resistance levels, and stochastic indicators.

🚀 Key Sell Zones (Profit-Taking & Resistance)
1️⃣ $109,500 - $110,000 (Cycle Peak)
BTC has touched a key resistance based on Fibonacci 8.921 extension.
Historically, BTC corrects after reaching extreme overbought conditions.
Sell Pressure Expected: RSI and Stochastic RSI indicate overbought divergence, signaling potential trend exhaustion.
2️⃣ $100,000 - $105,000 (Psychological Resistance)
A critical psychological barrier.
If BTC consolidates here without new highs, expect a pullback towards support zones.
3️⃣ $85,000 - $90,000 (Short-Term Resistance)
If BTC starts correcting, this area may serve as support-turned-resistance.
Traders may look to exit partial positions in case of downward movement.


📉 Key Buy Zones (Support & Discount Entries)
1️⃣ $73,600 - $74,000 (38.2% Fibonacci Retracement)
A moderate pullback zone where BTC may find demand.
Could serve as the first major re-entry point.
2️⃣ $62,500 - $63,000 (50% Fibonacci Retracement)
Key equilibrium level, often a strong bounce zone.
Smart money accumulation likely in this range.
3️⃣ $51,400 - $52,000 (61.8% Fibonacci Retracement - Golden Pocket)
Most optimal buy zone if BTC corrects deeply.
Institutional investors & whales typically accumulate in this area.
Re-entry target for long-term bullish continuation.
4️⃣ $35,000 - $40,000 (Major Demand Zone)

If BTC experiences a deep retracement, this is a strong long-term re-accumulation zone.
📊 Technical Indicators Confirmation
Stochastic RSI (Overbought Region)

Stochastic RSI has formed a triple top, indicating possible correction soon.
Look for cross below 80 as a sign of selling pressure.
Ichimoku Oscillator (Momentum Divergence)

Bearish divergence detected, meaning momentum is slowing.
Expect sideways or downward action before resuming uptrend.
Moving Averages

200 EMA (Long-Term Support) aligns with $35K-$40K zone.
50 EMA (Intermediate Support) aligns with $62K-$74K zone.


🔥 Summary: Trade Plan
Short-Term Traders: Consider profit-taking at $100K-$110K.
Medium-Term Investors: Look for buy entries between $62K - $74K.
Long-Term Holders: Best re-entry zone: $51K - $40K.