Daily Trading Analysis: A Detailed Breakdown of Market Momentum BTC 11th FEB 2025
Bitcoin's price action continues to provide traders with critical levels to watch as volatility remains high. In today’s breakdown, we will analyze the movement of BTC based on both the 30-minute and daily timeframes, identifying key support and resistance areas while assessing potential market shifts.
30-Minute Chart Analysis
Following yesterday’s price breakdown, BTC failed to break the key resistance level at $98.4K, leading to a strong downside move. The New York session traders capitalized on this shift, driving the price lower. However, Bitcoin found support at a key liquidity area—a level previously tested during the weekend pullback.
BTC then rebounded from this $94.9K to $96.3K range, closing the day on a stronger note. However, the formation of a lower high post-rebound indicates that bearish momentum is still dominant.
Key Observations on the 30-Min Chart:
BTC is trading near $96,029, just below the $96,069 resistance level.
Support sits around $95,353, with major resistance at $96,438.
EMA 50 ($96,258) and EMA 200 ($96,838) are in play, with price hovering between them.
Volume has been declining, signaling market indecision. A spike in volume could confirm a breakout or breakdown.
RSI is at 51.78, indicating neutrality but with a previous bearish divergence that led to the decline.
Potential Scenarios:
A break above $96,069 could send BTC toward $97,254 and $98.4K again.
A rejection and break below $95,353 may lead to a retest of the $94.9K-$94K zone.
Daily Chart Analysis
On the daily timeframe, Bitcoin is currently trading in a critical area where multiple key technical indicators align. The 50 EMA rejection suggests that sellers are still in control, but BTC has found support at the $95.5K-$96K zone, which has been a key level in recent price action.
Additionally, BTC is testing two major trendlines:
The previously broken descending trendline, which has been acting as support.
An ascending trendline, which BTC is currently sitting on.
However, the formation of a bearish engulfing candle in recent sessions suggests that selling pressure is still dominant. If BTC breaks below this key support, it could confirm a bearish market shift.
Key Observations on the Daily Chart:
EMA 50 ($98,165) acting as resistance.
Support levels between $95.5K - $96K holding for now.
Previous bearish engulfing candle suggests sellers remain strong.
Volume closed below the 20 MA, indicating lower participation from traders.
RSI at 41.84, showing weakness but not oversold conditions yet.
Potential Scenarios:
A break above $98,165 (50 EMA) could invalidate the bearish outlook and push BTC toward $100K+.
A break below $95.5K-$96K could send BTC lower to test $94K and potentially $92K.
High-impact news events tonight could drive volatility and shift the market significantly.
Final Thoughts: Market Sentiment & Trade Plan
Bullish Bias: If BTC reclaims $96,069 and breaks $98.165, it could signal a move toward $100K+.
Bearish Bias: A breakdown below $95,353-$95K could lead to a sharper decline toward $94K-$92K.
Volume is crucial—traders should watch for volume confirmation before entering positions.
News-driven volatility is expected tonight, so risk management is essential.
With BTC trading at such a pivotal zone, traders should prepare for increased market movements in the coming sessions. Stay tuned for tomorrow’s breakdown as we track the next major price shift!
