Bitcoin Analysis Oct 17th, 2025

Overview:

1. #BTC Price flushed through a major Bullish OB which is being valid for the past 100+ days.
2. Although, I'm looking the 2D chart, I noticed that price had never broke below on all the time frames above 12H(including)
3. But now, its closed below with a good closure candle.
4. For the next support zone, we have a good area around 100K which is holding good since past 160 days.
5. None of candles above 12H closed below that level.
6. Since we broke the current support, now I'm expecting a flush towards 100K which will be our next support area.
Trade Ideas:

Short Opportunity -
1. I'm expecting a retest of above marked OB which now became a BB.
2. It also created a good H4 supply, which might be tested now.
3. If we go towards this supply and a good reaction is observed, will short it towards 100K.

Long Opportunity -
1. If we get towards 100k and it holds good, I'll long.
2. If a 12H closes below the zone, I'll invalidate the trade.

I prefer Wyckoff models at the marked zones personally to enter into positions.

By Preference, I mean this: (Not a must happen scenario)
A WyckOff model into the supply zone will be a high confluence trade for me. Watching.

Confluences:
Market Sentiment: 28 {Fear}
Twitter: Stupid Ideas everywhere
Retail: Panic
News: Trump went mad and announcing stuff.

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#Bitcoin #CryptoCurrency

Disclaimer:
•All content shared here is for educational purposes only and should not be considered financial advice. •Trading and investing in cryptocurrencies involve high risk, and you should always do your own research before making any financial decisions.