1 Nov 2025
Bitcoin is perfectly bouncing from a key support area, continuing a profitable trading strategy amidst recent BlackRock and other ETF provider Bitcoin dumping. The market displays a larger bull trend with a reconfirmed weekly bearish divergence, suggesting potential slowdowns or sideways consolidation over the next few weeks or months.
Bitcoin is perfectly bouncing from an exact area of short-term support, indicating that a specific Bitcoin trading strategy continues to yield easy profits in the current market. The next Bitcoin move is expected to happen very soon, presenting further opportunities for making money.
Recent Bitcoin ETF data up to Thursday reveals net outflows, particularly significant on Wednesday ($470 million) and Thursday ($488 million), which means investors sold their ETF shares. BlackRock's Bitcoin ETF (IBIT) alone saw an outflow of almost $291 million on Thursday, requiring BlackRock to dump that amount of Bitcoin onto the market to cover these outflows.
The weekly Bitcoin price chart's super trend indicator remains green, signaling a larger bull market, despite some market pullbacks. A massive bearish divergence on this chart, reconfirmed by a new higher high in price and a lower high in the weekly Bitcoin RSI, suggests a likely lack of bullish momentum, leading to a larger slowdown, sideways consolidation, or a pullback over weeks or months, but not necessarily confirming the end of the bull market.
The price of Bitcoin is currently retesting a previous ascending line of support, now acting as new resistance, situated between $110.5K and $111K. If the price continues to hold underneath this line, it signifies short-term weakness, aligning with the larger bearish divergence observed on the weekly chart.
On the 6-hour Bitcoin chart, the price has hit and is currently bouncing from support between roughly $106.5K and $107K, with the RSI nearing oversold conditions, suggesting a potential bounce. Bitcoin has been rangebound between $106K and $116K since early October, which is beneficial for the author's trading strategy. Expected resistance levels are around $110.5K-$111K, $111.6K-$112K, and major resistance at $115.5K-$116K.
The current trading strategy is a low-leveraged grid bot that automatically buys low and sells high, making easy and passive profits whether the market is dumping, pumping, or moving sideways. This strategy profits as long as some form of slight bounce occurs, and it would only lose if Bitcoin were to experience a straight line drop below $42K-$43K.
The described trading strategy runs on the Pinex exchange, where it can be copied by users through a single click, provided they create a Pinex account using specific referral links. Pinex also offers substantial bonuses for new accounts, KYC completion, and deposits, which are exclusively available via those links.
The Bitcoin liquidation heat map indicates a small amount of liquidity above $116.5K, but most liquidity is concentrated below the current price at approximately $106,000. This suggests a potential 'double dip' to retest these lows and sweep liquidity; if the price breaks below $106.5K, the next support is expected at $105.5K.
For manual long or short positions on a no-KYC exchange, TwoBit is recommended, offering major bonuses including up to $10,000 in trial funds and $8,000 in withdrawable stablecoins for depositing and trading. New accounts also receive a free $30 bonus and a one-month VIP3 upgrade.
The Bitcoin dominance chart continues to play out a bullish divergence, meaning a slight bullish relief is a likely scenario for Bitcoin dominance moving forward. This implies Bitcoin is gaining market share and expected to outperform many altcoins on average over the next few days or weeks.
On the 3-day time frame, Ethereum is breaking below an important support area between $3.9K and $4.1K, forming bearish price structure with lower highs and lower lows. The daily chart shows a potential bullish divergence, but overall bullish momentum is weak, likely leading to choppy sideways price action. Short-term support is between $3720 and $3760, with resistance between $4060 and $4.1K, and major resistance at $4250-$4280.
Solana is struggling and rejecting from a resistance area between $190 and $200 on the 2-day time frame. A confirmed 2-day close above $200 would target $209, then $230, while support is expected between $170-$175 and $177-$179. Solana is currently in a somewhat neutral, rangebound, sideways price trend.
XRP on the weekly time frame is still playing out a massive bearish divergence. On the daily chart, it continues to reject perfectly from resistance at $2.60-$2.70 and is currently bouncing from support between $2.30-$2.40. While rangebound in the shorter term, the larger daily trend for XRP is bearish, forming lower highs and lower lows.
Chainlink shows a similar situation to XRP, technically within a larger bearish trend on the daily time frame, forming lower highs and lower lows. However, the short-term situation is relatively neutral and rangebound. Expect support between $15.20-$15.70 and $16.50-$16.60, and resistance between $17.30-$17.50, with major resistance at $19-$20.
Profits can be generated from all price actions—bearish, bullish, or sideways—by employing appropriate trading strategies, rather than only during bullish markets. Many major altcoins will likely perform similarly to, or slightly worse than, Bitcoin due to its gaining market share.
It doesn't matter what direction the price goes; whether bearish, bullish, or bouncing around sideways, profits can be generated from all price actions.
| Insight | Description | Market Impact |
|---|---|---|
| Bitcoin ETF Outflows Impact | BlackRock and other ETF providers sold Bitcoin to cover significant net outflows, totaling almost $291 million from IBIT on Thursday alone. | Contributed to short-term crypto market sell pressure and price dump. |
| Weekly Bitcoin Bearish Divergence | A reconfirmed massive bearish divergence on the weekly chart (higher price high, lower RSI high) indicates a likely lack of bullish momentum. | Expect a larger slowdown, sideways consolidation, or pullback over weeks/months, but not an end to the long-term bull market. |
| Short-Term Bitcoin Rangebound Action | Bitcoin has been trading within a $10,000 range ($106K-$116K) since early October, bouncing between established support and resistance. | Ideal conditions for grid trading strategies designed to profit from range-bound volatility; offers clear short-term support and resistance levels. |
| Automated Grid Trading Bot Benefits | A low-leveraged grid bot automatically places buy and sell orders, profiting from slight bounces in price action within a defined range. | Generates passive, easy profits irrespective of short-term market pumps or dumps, as long as the price does not drop in a straight line below $42K-$43K. |
| Bitcoin Dominance Outlook | Bitcoin dominance continues to show a slight bullish relief, indicating Bitcoin is gaining market share against altcoins. | Bitcoin is expected to outperform many altcoins on average, suggesting altcoins may perform slightly worse during pullbacks. |
| Ethereum Bearish Price Structure | Ethereum's 3-day chart shows a bearish price structure with lower highs and lower lows, breaking below key support levels. | Indicates short-to-medium term weakness for Ethereum, potentially leading to further pullbacks or prolonged sideways consolidation. |
| Profitability in All Market Conditions | Trading strategies exist that allow for profits to be made during bullish, bearish, or sideways market price action. | Counters the misconception that profits are only possible in bullish markets, enabling continuous earnings through adaptable strategies like grid trading. |
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