New Year has passed and now we are getting a clearer image of what Bitcoin is doing here.
The 100 EMA acted as a good bounce area and now most likely we will be seeing a smaller push to the $110K area, which means we are in the 2nd phase, and after that one, we should be seeing the 3rd phase, which is a BEARISH MARKET.
Expecting the price to move just like when we shifted from a bull market to a bear market in
2022. One last push is happening; this is the moment. After that, we are switching to sell-side movement.

Most losses come from impatience, not bad analysis.
Wait for confirmation.
Protect capital first.

Possible Wave 3 developing on BTC.
If confirmed, momentum should expand fast.
Watching volume closely 👀

BTC still respecting higher lows.
As long as structure holds, bias remains bullish.
Patience pays.

NVDA pushed higher earlier and printed a BOS near the 192-193 zone, but failed to follow through. Price has since rotated lower and is now compressing sideways, sitting just above a minor CHoCH level.
This is not a confirmed bearish reversal, but momentum has clearly stalled. Current price action suggests distribution / balance, not trend continuation. Until NVDA either reclaims prior highs or loses structural support, expect chop with expansion risk.
Key Levels to Watch
* Major Resistance / Supply:
192.5 - 193.0 → prior BOS + strongest CALL
resistance
* Upper Rejection Zone:
195 - 200 → stacked call walls / gamma cap
* Current Balance Area:
188.5 - 190.0 → intraday value
* Support (Key):
186 - 185 → local demand + gamma support
* Downside Risk:
182.5 - 175 → PUT support zone if structure breaks

This chart illustrates a descending channel defined by a sequence of lower highs and lower lows, reflecting sustained selling pressure within the structure.
Price continues to respect the upper ano lower channel boundaries, highlighting how market participants interact with structure rather than isolated candles.
Observed Structure
• Clear descending channel
• Repeated lower highs acting as dynamic resistance
• Lower lows confirming downside control
Contextual Reaction Zones (Illustrative)
→ Interaction with the lower channel boundary
L Potential reactions near the upper channel resistance
L Structural invalidation only if acceptance occurs above the channel