According to @52kskew, BTC’s 4H chart shows a very significant $117K level acting as a supply zone and market pivot that sellers have repeatedly defended (source: @52kskew on X, Sep 16, 2025). The analyst adds that a major move could be brewing from this area, highlighting elevated breakout-or-rejection risk around $117K (source: @52kskew on X, Sep 16, 2025). Immediate trading focus is the 4H reaction at $117K to gauge directional follow-through, per the level-based view shared (source: @52kskew on X, Sep 16, 2025).

According to @52kskew on X (Sep 12, 2025), BTC has rallied strongly on the 4H timeframe but is pulling back after testing the first resistance and a clear market supply zone (source: @52kskew). According to @52kskew on X (Sep 12, 2025), lower timeframes show bids pushing through that supply while sellers remain active around $117K (source: @52kskew). According to @52kskew on X (Sep 12, 2025), some longs are taking profits and the advance has been spot-driven (source: @52kskew). According to @52kskew on X (Sep 12, 2025), funding is negative—likely due to passive shorts building and longs trimming exposure—so context on dips is important for trade positioning (source: @52kskew).

According to Glassnode, BTC’s on-chain cost basis distribution shows dense support at 110,000 to 114,000 dollars where a large share of supply was acquired, based on its linked chart. According to Glassnode, the next major supply zone is near 117,000 dollars and may provide resistance if price retests that level.

According to Omkar Godbole (@godbole17), GBPUSD remains below the 1.34 mark following the recent Federal Reserve meeting and comments from Fed Chair Jerome Powell. The 1.34 level has historically acted as a significant supply zone, particularly noted in September of the previous year. Traders are monitoring this resistance closely for potential short entries, as a failure to break above 1.34 may indicate weakness in GBPUSD. This bearish setup can impact risk sentiment in forex and crypto markets, as dollar strength typically exerts downward pressure on major cryptocurrencies like Bitcoin and Ethereum (Source: Omkar Godbole, Twitter, May 7, 2025).

According to Omkar Godbole, EUR/USD is nearing the 1.12 supply zone, a level it has not surpassed since July 2023. The potential breakout is bolstered by recent US super core CPI data, which is at its lowest since May 2020. This aligns with falling market-based measures of inflation, such as the five and 10-year breakeven rates. Traders should monitor these developments as a breakout could push EUR/USD towards the next trendline at 1.20.