BITCOIN → Correction before the breakout of 114.5K

4 days ago

BTCUSDT , after the end of the correction, is forming a 3.5% rally and testing the important milestone of 114,600. It was not possible to break through the level without consolidation and at such a high speed. How long will the correction last?



Bitcoin is testing mirror resistance and, after a strong rally, was unable to continue its growth. The reason for the halt is a huge liquidity pool above 114,600. A pullback is forming. Earlier, the price ended a 3-week correction by breaking through the downward resistance. We can assume a change in sentiment towards the buyer...
Technically, the price is changing the nature of the market to bullish after the formation of a reversal structure accompanied by a bullish run. The 2-week high has been updated.

Resistance levels: 113850, 114620, 115900
Support levels: 113100, 112300, 111800

As part of the correction, the price may test the 113K - 112500 zone before returning to growth. If the market holds the price above 112K - 113K, it will confirm the bullish sentiment, and the positive fundamental background will support further growth.

Best regards, R. Linda!

4 days ago

Trade active

3 days ago

Trade closed: target reached