Bitcoin's bearish engulfing pattern (a large red candle fully engulfing the prior green one) signals a potential reversal from recent highs near $126k. Coupled with a death cross (50-day MA crossing below 200-day MA, confirming bearish alignment), downside risk mounts.Current price: ~$115,750 (Oct 13, 2025). Key supports: Immediate: $110,500 (recent low/Fib 50%) Next: $107,200 (Fib 61.8%) Deeper: $103,500 (200-day MA proxy) Break below $110k could accelerate to $100k. Watch volume for confirmation.
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A MACD death cross, where the MACD line crosses below the signal line, often signals a potential trend reversal from bullish to bearish. However, it’s not definitive; it should be confirmed with other indicators like RSI or support levels, as false signals can occur in choppy markets.
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High open interest in crypto options (e.g., BTC at $70B+ in 2025) signals strong institutional hedging and liquidity, with bullish call/put ratios (3.21x) indicating optimism. Low implied volatility (~32%, below avg.) suggests market expectations of price stability, but large positions risk amplified swings from dealer hedging if volatility spikes.
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