PouyanFa

Momentum and selling pressure are high and Bitcoin has been bearish for 6 weeks; now the price is at a very important support zone. We are not trying to predict the future — it doesn’t matter to us whether Bitcoin becomes $1,000 or $1,000,000 because we are traders and our job is to read the trend. If sellers can break through this strong support level, we expect price to move toward the $60,000 area. However, the chance of a sharp move like that is low — it will likely be defended for at least one to two weeks, and we’ll see small weekly candles. For trading on lower timeframes I don’t recommend taking long positions due to the strong selling momentum, but if we see a sell trigger on lower cycles we will definitely enter. Now we will do a deeper review of sell triggers in the weekly watchlist.

On Nov 16, we made an analysis saying that Bitcoin was sitting on a major support level, and if that support broke, BTC would drop to $85,000. Today, that’s exactly what happened. Right now, our view is this: after losing that critical and decisive support, Bitcoin is likely to fall at least another $5,000. The $80,000 level will decide whether BTC is heading toward $65,000 next or not. --- Unfortunately, I see many analysts who have been saying for a month that “the drop is over” and “we're heading straight to a new all-time high.” Stay away from these analysts — they’ve either taken big losses and don’t want to accept reality, or they simply can’t see this strong bearish momentum and keep hoping price magically reverses. They are delusional. The market needs a clear structure to reverse a trend and move toward a new ATH. It’s not going to turn bullish out of nowhere with a single random candle. -------------------------------------------------------------------------- #Pouyanfa 🚀

Bitcoin has moved into a range since yesterday — basically a decision-making or “resting” range after several days of strong decline. I don’t expect any major moves or signs of a trend reversal this week. In this zone, there’s no clear setup for a meaningful trade at the moment.

Bitcoin hasn’t shown any major movement today, except that just a few minutes ago one of the *risky triggers* we had marked got activated. Now we need to see whether this drop will continue or not. This selling pressure increases the likelihood of price reaching **$86,000**.

The chart is really clean and beautiful, and there is no confusion between buyers and sellers. Price has touched the same major support level that we analyzed in the weekly watchlist, made a slight penetration, and now has pulled back. We have two entry setups: The first one is higher-risk in the zone we marked, and the second one is lower-risk, which we also marked. Our first target is the 85,500 area.

Even during the Forex market closure, Bitcoin continues to show weakness. Volume is lower than usual, but sellers are still in control, pushing the price downward. Price has now reached a major and decisive support zone. 📌 If this support fails, the next potential target is around $85,000. I’ll reassess the chart during the week and look for short-entry triggers if the breakdown confirms. Stay cautious — this level is crucial. #Pouyanfa 🚀📊

With the current state of the chart, I honestly don’t have any analysis on gold. Unless it forms some structure by Tuesday, it won’t be possible to analyze it properly. Gold has been moving very impulsively and irrationally these days.

With this price movement, it seems that many traders are currently holding long positions on gold.The market structure still looks bullish, and considering all the unusual news coming out these days, it’s natural to see strong reactions in the market. Price was rejected from 4250 and is now pushing back upward. A range is likely to form in this area. If you don’t have an open position and you want to trade gold, there are potential setups in the 15-minute timeframe.

The Bitcoin drop is still continuing, and we need to see how far this decline goes. Either way, as traders it doesn’t matter to us whether Bitcoin becomes **one dollar or one million dollars** — we’re not investors to be worried about long-term price. Our job as traders is to follow our strategy, manage risk properly, and take the actions our system requires based on market behavior.

For now, those who entered our risky position are in profit and can take partial profit and enter again. This decision is entirely personal.