2 Nov 2025
Bitcoin is retesting crucial price levels while displaying a new warning signal, necessitating attention to potential weaknesses on larger timeframes. Easy profits are achievable in the current sideways market through strategies like gridbot trading, which automatically capitalizes on price dips and bounces.
The Super Trend indicator remains green, signaling a larger bull market, but a confirmed break below $95,000-$96,000 would flip it red. A massive bearish divergence is confirmed and has been playing out, indicating a lack of bullish momentum and weakness on larger timeframes over weeks or months, potentially resulting in sideways consolidation or a pullback rather than a massive crash.
Bitcoin is retesting a resistance level at $110.5K to $111,000, and is somewhat range-bound in a sideways pattern. Strong support is found between $106.5K and $107,000, with further support at $105,000. Resistance levels are identified at $111.6K to $112K and $115.5K to $116,000, consistent with recent rejections.
The market currently lacks significant momentum in either direction, remaining largely neutral in the short term, consistent with a larger bearish divergence playing out as sideways consolidation or a slight pullback rather than an outright crash. Short-term bullish bounces can occur within this broader weakness.
Passive profits can be made during sideways price action using a gridbot, which automatically buys during dips and sells during bounces, continuously taking profits as the price fluctuates within a range. This strategy is currently being used successfully, as evidenced by consistent passive profits over two weeks.
A specific gridbot trading strategy is available for copying on Pinex, offering easy passive profits, but requires an account created via specific referral links. New Pinex users can also claim significant bonuses, including a 50 USDT bonus for completing KYC2, and deposit bonuses (e.g., $100 for $100 deposit, $1,000 for $10,000 deposit), if using the provided links.
Significant liquidity is currently building below Bitcoin's price at approximately $106,000, specifically between $105.8K and $106.1K. This indicates a possible risk of the price retesting these lows to liquidate long positions, which could happen in the coming days or weeks as the price chops sideways.
Two Bit offers an alternative no-KYC exchange option for long and short positions, providing bonuses up to 10,000 USDT in trial funds and 8,000 USDT in withdrawable stablecoins, plus a $30 signup bonus and one month free VIP3 upgrades for accounts created using the third link provided.
Bitcoin dominance continues to show a bullish divergence, suggesting either slight bullish relief or choppy sideways price action for altcoins on average, meaning major altcoins are likely to perform similarly or slightly worse than Bitcoin.
Ethereum's price is still influenced by bullish divergences, which suggest a break in bearish momentum, leading to either slight bullish relief or choppy sideways price action, as observed over the last few weeks. Key support is between $3720 and $3760, with resistance at $4060-$4.1K, $4250-$4280, and short-term resistance at $3950. Momentum is currently neutral.
Solana is rejecting resistance between $190 and $200, with further resistance at $209-$210 and $230 if it breaks out. Support levels are around $170-$175 and $177-$179. Solana's price structure is in a short-term sideways range, similar to Ethereum and Bitcoin, bouncing between support and resistance.
XRP continues to play out a massive bearish divergence from months ago and is holding support in the golden pocket area of $230-$240, currently bouncing from it. Significant resistance is expected between $260 and $270. While the larger structure is bearish, forming lower highs and lower lows, the short-term situation is a neutral, sideways price range.
Chainlink is in a similar larger bearish trend to XRP, forming lower highs and lower lows, but appears slightly more bearish than XRP due to forming another lower high recently. In the shorter term, Chainlink is somewhat neutral, taking a break from its larger bearish trend. Support levels are at $15.20-$15.70 and $16.50-$16.60, with resistance at $17.40-$17.50 and $19-$20.
You can make a lot of very easy and passive profits during a sideways price range just like this using what's known as a gridbot trading strategy.
| Key Insight | Description |
|---|---|
| Bitcoin Market Outlook | Bitcoin is retesting crucial resistance around $110.5K-$111K and is range-bound, displaying overall neutral short-term momentum amidst a larger bearish divergence indicating weakness. |
| Gridbot Trading Strategy | A gridbot allows for passive, easy profits in sideways crypto markets by automatically buying low on dips and selling high on bounces. |
| Pinex Exchange Benefits | Pinex facilitates copying successful gridbot strategies and offers substantial bonuses (e.g., 50 USDT for KYC, up to $1,000 for deposits) via referral links. |
| Bitcoin Liquidation Risk | A significant cluster of long position liquidity exists below $106,000, posing a risk of the price dipping to liquidate these positions in the near term. |
| Two Bit Exchange Features | Two Bit serves as a no-KYC alternative for trading, offering large trial fund bonuses (up to 10,000 USDT) and sign-up rewards (e.g., $30 bonus, VIP3 upgrade) through referral links. |
| Altcoin Performance Summary | Ethereum, Solana, XRP, and Chainlink are largely exhibiting choppy sideways price action or larger bearish trends, with short-term neutral momentum influenced by Bitcoin dominance and bearish divergences. |
