24 Oct 2025
Bitcoin is attempting to break out above a crucial resistance level while playing out short-term bullish divergence against a larger weekly bearish divergence. Concurrently, Ethereum, XRP, Solana, and Chainlink exhibit specific price actions, presenting opportunities for quick profits in the crypto market through automated trading strategies.
Bitcoin is currently attempting to break out above a crucial resistance level on the price chart, playing out a short-term bullish divergence while encountering immediate short-term resistance.
The weekly Bitcoin price chart's super trend indicator is green, indicating a larger bull market, but a massive bearish divergence suggests a likely period of weeks to months of lacking bullish momentum and weakness.
The daily Bitcoin price chart is nearing the invalidation of a bearish fractal observed around late February/early March if a daily candle close above approximately $110.5K is confirmed, which would signal a short-term bullish shift.
Immediate resistance for Bitcoin on the 6-hour chart lies between $111.7K to $112K; a confirmed breakout could lead to minor resistance at $113.5K and significant resistance near $116K.
The Bitcoin liquidation heat map shows liquidity forming above the current price at around $114K and $116K, acting as price magnets that suggest a probable move towards these areas.
An automated futures grid bot strategy is employed to generate quick and easy profits during choppy sideways price action by automatically placing buy orders at lower prices and sell orders at higher prices.
This grid bot strategy thrives in choppy sideways price action, enabling significant passive profits, in contrast to simple spot holding or high-leverage positions which are less ideal in such market conditions.
The specific trading bot strategy can be copied by creating a Pinex account using provided referral links, which also grants access to various exchange bonuses.
For manual trades, including regular long or short positions, 2bit is presented as a no-KYC exchange option that offers substantial bonuses through its referral link, such as trial funds and withdrawable stablecoins.
Bitcoin dominance is expected to continue a slight short-term bullish relief, implying that major altcoins will likely slightly underperform Bitcoin on average but still track similar price movements.
Ethereum is bouncing from support between $3.9K to $4.1K on the 3-day timeframe and is playing out a bullish divergence on the daily chart, suggesting continued choppy sideways action within the range of $3720-$3760 support and $4060-$4.1K resistance.
Solana is retesting a crucial resistance area between $190 to $200; a confirmed breakout could lead to further resistance at $209-$210 and $230, with strong support found between $170-$175.
XRP is still playing out a massive weekly bearish divergence but is currently experiencing a short-term bullish divergence on the daily chart, bouncing from support between $230 to $240, indicating likely choppy sideways action or slight bullish relief within a larger bearish trend.
Chainlink is in a bearish trend, forming lower highs and lows, but is currently playing out a short-term bullish divergence on the daily chart, similar to XRP, suggesting a slight bullish relief or choppy sideways price action over the next few days. Support is around $17.30 and $15.70, with resistance between $19.50 to $20.
Choppy sideways price action is perfect for automated passive trading strategies, allowing for the securing of easy passive profits.
| Category | Outlook | Key Details |
|---|---|---|
| Bitcoin Price Action | Attempting short-term bullish breakout against a larger bearish divergence. | Confirmed daily close above $110.5K invalidates bearish fractal; faces immediate resistance $111.7K-$112K and significant resistance near $116K; liquidity at $114K and $116K acts as magnets. |
| Weekly Bitcoin Outlook | Massive bearish divergence active. | Suggests weeks to months of reduced bullish momentum and weakness, even during a larger bull market. |
| Automated Trading | Futures Grid Bot Strategy | Generates passive profits during choppy sideways price action by automatically buying low and selling high. |
| Pinex Exchange | Platform for automated trading and bonuses. | Offers bonuses (e.g., 50 USDT, 100 USDT, 1000 USDT) for account creation, KYC, and deposits via specific referral links, required to copy the trading strategy. |
| 2bit Exchange | No-KYC option for manual trading and bonuses. | Provides up to $10,000 USDT trial funds and $8,000 withdrawable stablecoins for deposits/trading, plus a free 30 USDT trial fund and VIP3 upgrade without deposits, accessible via referral links. |
| Bitcoin Dominance | Short-term bullish relief expected. | Implies major altcoins will generally underperform Bitcoin slightly but still track similar movements. |
| Ethereum Price | Bouncing from support; bullish divergence active. | Expects continued choppy sideways action within support ($3720-$3760) and resistance ($4060-$4.1K). |
| Solana Price | Retesting crucial resistance. | Resistance levels include $190-$200, $209-$210, and $230; support is at $170-$175; short-term choppy sideways price action is likely. |
| XRP Price | Short-term bullish divergence within a larger bearish trend. | Bouncing from $230-$240 support; expects choppy sideways action or slight bullish relief, with resistance near $260. |
| Chainlink Price | Short-term bullish divergence within a larger bearish trend. | Similar to XRP, anticipates slight bullish relief or choppy sideways action; support around $17.30 and $15.70, resistance between $19.50-$20. |
