5 Nov 2025
Bitcoin is nearing an important resistance area around $110.8K-$111K while significant liquidity builds below its price, and a large bearish divergence persists on the weekly chart, indicating potential weakness over the coming weeks or months. Concurrently, a rising Bitcoin dominance negatively impacts altcoins like Ethereum and Solana, which are showing struggles and rejections from key resistance levels, yet automated trading strategies offer profit opportunities in all market directions.
Bitcoin is currently experiencing a short-term bounce but struggles at an important resistance area around $110.8K to $111K. Liquidity is building below Bitcoin's price, particularly around $106.1K to $106.2K, which could potentially draw the price downwards.
The weekly Bitcoin price chart displays a massive bearish divergence that remains technically active, suggesting a larger cool-off and a lack of bullish momentum, indicating weakness over the next few weeks or possibly months.
On the 6-hour chart, Bitcoin is range-bound in a sideways price action. Key support levels are identified around $106.5K-$107K and $105.5K, while resistance is expected between $111K-$112K and $115.5K-$116K.
Bitcoin is at risk of forming a head and shoulders pattern, a bearish price pattern. This pattern would be confirmed by a continued rejection and pullback, with candle closes below approximately $106.5K, signaling a bearish price target to the downside.
The Bitcoin liquidation heat map shows significant liquidity below the current price, specifically around $106.1K-$106.2K. This suggests a potential move towards this level to wipe out liquidity, which would align with the potential completion of the bearish head and shoulders pattern.
Bitcoin dominance is experiencing a slight bullish relief, a trend expected to continue over the coming days or weeks. This scenario is generally unfavorable for altcoins, as Bitcoin gains market share, leading to altcoins performing similarly to or worse than Bitcoin on average.
Ethereum, influenced by a lingering bullish divergence, is chopping around sideways but still exists within a larger bearish trend on the daily timeframe, forming lower highs and lower lows. In the short term, it struggles alongside Bitcoin, with support around $3720-$3760 and resistance at $3950, $4060-$4.1K, and $4250-$4280.
Solana is showing significant weakness and a clear rejection from resistance between $190-$200. Key support is anticipated around $170-$175. A confirmed break below $177 would signal a massive bearish continuation, potentially leading to drops towards $158 or even $146.
XRP is still playing out a massive bearish divergence on the weekly chart and is currently range-bound in the short term between support at $230-$240 and resistance at $260-$270, all within a larger bearish trend structure.
Chainlink is within a larger bearish trend, forming bearish price structure but has seen neutral price action recently. It is currently struggling at resistance around $17.40-$17.50, with further resistance at $19-$20. Support levels are at $16.50-$16.60 and $15.20-$15.70, with a risk of resuming the larger bearish trend.
An automated Gridbot trading strategy is effectively generating profits in the current choppy, sideways Bitcoin market by automatically buying low and selling high within the established price range. This strategy counters the boredom and stagnation experienced by those simply holding Bitcoin.
The Gridbot trading strategy is implemented on the Pinex exchange. Users can access substantial bonuses, including a 50 USDT bonus for account creation and KYC, and deposit bonuses up to $1,000, by using a specific referral link.
In the event of a confirmed bearish price target, such as from the head and shoulders pattern, taking a short position on Bitcoin could offer profit opportunities during a downside move. The Two Bit exchange, a no-KYC platform, provides significant sign-up and deposit bonuses, including up to 10,000 USDT in trial funds and 8,000 USDT in withdrawable stablecoins, accessible via a specific referral link.
It does not matter what direction the price goes; profit can be made from all price action, whether the market is pumping, dumping, or moving sideways.
| Asset/Indicator | Status/Outlook | Key Levels/Conditions | Implication/Strategy |
|---|---|---|---|
| Bitcoin Price (Immediate) | Struggling at resistance during a short-term bounce. | Resistance: $110.8K - $111K. Liquidity below price at $106.1K - $106.2K. | Potential pullback towards lower liquidity; cautious short-term outlook. |
| Bitcoin Price (Weekly Chart) | Massive bearish divergence technically active. | Super Trend indicator in green (bull market), but divergence indicates weakness. | Expect a larger cool-off, lacking bullish momentum over weeks/months. |
| Bitcoin Head and Shoulders Pattern | At risk of forming a bearish pattern, not yet confirmed. | Confirmation requires continued rejection and candle closes below $106.5K. | If confirmed, opens up bearish price target and potential short position opportunities. |
| Bitcoin Dominance | Continuing slight bullish relief. | Expected to continue over coming days/weeks. | Not great news for altcoins; expect altcoins to underperform Bitcoin on average. |
| Ethereum Price | Struggling, lacking strength within a bearish trend. | Support: $3720-$3760. Resistance: $3950, $4060-$4.1K, $4250-$4280. | Expect continued struggle, possibly retesting support. |
| Solana Price | Perfect rejection from resistance, showing weakness. | Resistance: $190-$200. Support: $170-$175, $177-$179. Break below $177 is massive bearish signal. | Potential continued drop towards $158 or $146 if support breaks. |
| Gridbot Trading Strategy | Actively making easy profits in sideways market. | Automated buys low, sells high within a range. | Profitable for choppy sideways price action, utilizes volatility. |
