5 Nov 2025
Bitcoin has officially wiped out a major downside liquidity area, yet a larger bearish divergence on the weekly chart indicates an expected multi-week to multi-month slowdown. Meanwhile, altcoins like Ethereum and Solana are confirming breaks below key support levels as Bitcoin dominance continues its bullish relief, emphasizing the profitability of an automated futures grid bot strategy in the current choppy market.
Bitcoin officially wiped out a major downside liquidity area, a significant target over recent days. However, a break below an important short-term support area for Bitcoin's price has not yet been confirmed.
Bitcoin dominance is continuing its bullish relief with another spike upwards, which is unfavorable for the altcoin market. Ethereum has officially confirmed a break below an important short-term support area, and Solana's price is also breaking down in the short term.
The weekly Bitcoin price chart's super trend indicator remains in the green, indicating a larger bull market. However, a massive bearish divergence on this chart suggests an expected larger slowdown, cool-off, and lack of bullish momentum for at least the next few weeks, possibly months, leading to sideways consolidation or a pullback.
Bitcoin's price once again perfectly rejected from a line on the daily chart, which previously served as support and is now acting as resistance, sitting at approximately 110.8K to 111,000.
The price of Bitcoin is currently encountering an immediate short-term support area on the 6-hour chart, located between approximately 106.5K and 107,000. Candle closes below this support have not yet been confirmed.
If Bitcoin breaks below the 106.5K-107K support, additional support could be found at around 105.5K and potentially near 104K. A loss of the 105K-106K level could lead to a retest of lows around 100,000, set in mid-2025.
If Bitcoin pulls back to 100K and subsequently experiences a massive bounce, a massive head and shoulders pattern could potentially form.
A possible bullish divergence is forming on the 6-hour Bitcoin chart, with price creating lower lows, but requiring confirmation of lower lows in candle closes and higher lows in the RSI for validation. If confirmed, this could lead to a short-term bullish relief for about one to one and a half weeks.
Short-term moves on smaller time frames, such as a potential bullish relief, should not be mistaken for a massive new all-time high breakout. The larger weekly bearish divergence still points to a prolonged lack of bullish momentum over multiple weeks, if not months, even with short-term bounces.
Should Bitcoin experience a slight bounce, significant resistance is anticipated between 111.5K-112,000 and around 115.5K-116,000.
The recent drop in Bitcoin's price and a candle wick to the downside occurred due to grabbing liquidity that had built up around 106,000. This liquidity has now been cleared, and there is no significant immediate liquidity below the current price.
The current trading strategy involves a fully automated futures grid bot, which has consistently generated profits in the Bitcoin market for weeks. This bot places buy orders on price dips and sell orders on bounces, automatically replenishing them to profit from both bullish and bearish movements, particularly effective in choppy or sideways markets.
To copy this automated trading strategy, a Pionex account is required, which must be created using specific links to enable the copy button and claim associated bonuses. Bonuses include 50 USDT for KYC completion and deposit bonuses ranging from $100 for a $100 deposit to $1,000 for a $10,000 deposit.
Bitcoin dominance is continuing its bullish relief and has reached a resistance area between 60.5% and 61%. It is possible Bitcoin dominance could struggle here, potentially offering a short-term relief for the altcoin market. However, a daily candle close above 61% would be very bullish for Bitcoin dominance, negatively impacting altcoins.
Ethereum's price remains within a larger daily bearish trend, forming lower highs and lower lows. A possible new bullish divergence is forming, but requires confirmation of lower lows in candle closes and higher lows in the daily RSI. The price broke below short-term support at 3720-3760, which will now likely act as new resistance, with the next significant support targeted between 3350 and 3450.
Solana continued its rejection from resistance between 190 and 200, retesting support around 170 (a 50% retracement level). If price breaks below 170, the next support targets are 157-158 and then 143-146. Overall, the larger trend remains bearish, despite potential short-term bounces from oversold conditions.
XRP is still playing out a massive bearish divergence on the weekly time frame. On the daily chart, it continues to reject from resistance between 260 and 270 and is testing support between 230 and 240. A confirmed break below 230 would target the next major support at around 205. The larger trend on the daily timeframe is clearly bearish, despite some short-term sideways movement.
Chainlink is in a bearish trend, forming new lower highs and lower lows, appearing more bearish than XRP. It is holding support between 1520 and 1570. A confirmed break below 1520 would target the next major support around 1330 to 1340. A possible new bullish divergence is forming but is not yet confirmed. Resistance is expected around 1740-1750 during a bounce.
Traders can profit from market movements using short positions for bearish trends, long positions for bullish trends, or a grid bot for range-bound, sideways price action.
This is a trading strategy that makes money no matter what the price does.
| Asset/Indicator | Key Insight/Level | Outlook/Significance |
|---|---|---|
| Bitcoin Weekly Chart | Massive Bearish Divergence | Expect larger slowdown/cool-off for weeks/months, leading to sideways or pullback. |
| Bitcoin Short-Term Resistance | 110.8K - 111K | Price previously rejected from this level; current resistance. |
| Bitcoin Immediate Support | 106.5K - 107K | Currently testing this area; breaking below targets 105.5K, then 104K. |
| Bitcoin Major Downside Target | 100K | Potential retest if current supports fail, could form a Head & Shoulders pattern. |
| Bitcoin Liquidity | Around 106K | Recently wiped out; no significant immediate liquidity below the price. |
| Trading Strategy | Futures Grid Bot (Pionex) | Automated, profitable in choppy/sideways markets, buys dips and sells bounces. |
| Bitcoin Dominance Resistance | 60.5% - 61% | Potential for altcoin relief if it struggles here; a breakout is very bearish for altcoins. |
| Ethereum Key Support | 3350 - 3450 | Next significant support after breaking 3720-3760. |
| Solana Key Support | Around 170 | Current support; a break below targets 157-158. |
| XRP Key Support | 230 - 240 | Current support; a break below 230 targets 205. |
| Chainlink Key Support | 1520 - 1570 | Current support; a break below targets 1330-1340. |
