📊 BTCUSD | Daily Timeframe Analysis
🔍 BTC continues to respect the broader bearish market structure after breaking below the ascending channel. The recent Break of Structure (BOS) suggests that buyers have lost short-term momentum, while previous support has now turned into a potential resistance area.
📉 The highlighted supply zone (around 66K–68K) may attract selling pressure if price revisits this region. On the downside, the marked demand zone near 58K–60K remains an important support. A clean break below this level could open the door for a move toward the 52K area, while a confirmed rejection from support may indicate a short-term recovery.
⚠️ This analysis is based on price action, market structure, BOS, and key support/resistance levels. Always wait for confirmation and manage risk accordingly.
Educational purpose only — not financial advice.
🔍 BTC continues to respect the broader bearish market structure after breaking below the ascending channel. The recent Break of Structure (BOS) suggests that buyers have lost short-term momentum, while previous support has now turned into a potential resistance area.
📉 The highlighted supply zone (around 66K–68K) may attract selling pressure if price revisits this region. On the downside, the marked demand zone near 58K–60K remains an important support. A clean break below this level could open the door for a move toward the 52K area, while a confirmed rejection from support may indicate a short-term recovery.
⚠️ This analysis is based on price action, market structure, BOS, and key support/resistance levels. Always wait for confirmation and manage risk accordingly.
Educational purpose only — not financial advice.
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t.me/Forex_Gold_Analysis1000 Forex XAUUSD VS GOLD XAGUSD USDJPY EURUSD OIL Crypto Signals with detailed analysis get consistent Results
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
IJOIN Telegram Channel Free ..
t.me/Forex_Gold_Analysis1000 Forex XAUUSD VS GOLD XAGUSD USDJPY EURUSD OIL Crypto Signals with detailed analysis get consistent Results
t.me/Forex_Gold_Analysis1000 Forex XAUUSD VS GOLD XAGUSD USDJPY EURUSD OIL Crypto Signals with detailed analysis get consistent Results
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.