Bitcoin (BTCUSDT) is still respecting its downward channel structure, with multiple CHoCH (Change of Character) and BOS (Break of Structure) signals along the way.
Resistance Zone: 113,500 – 114,000
Support Zone: 107,500 – 108,000
Price is currently trading around 112,226, just below the resistance area. If sellers step in strongly, a rejection could drive price back down toward the support zone.
A sustained breakout above resistance would invalidate this short-term bearish outlook.
Watch for rejection patterns around resistance before taking entries.
Bearish continuation is valid only if the channel remains intact.
Always apply proper risk management and stop-loss levels.
This analysis is for educational purposes only. It is not financial advice. Please do your own research before making any trading decisions.
Resistance Zone: 113,500 – 114,000
Support Zone: 107,500 – 108,000
Price is currently trading around 112,226, just below the resistance area. If sellers step in strongly, a rejection could drive price back down toward the support zone.
A sustained breakout above resistance would invalidate this short-term bearish outlook.
Watch for rejection patterns around resistance before taking entries.
Bearish continuation is valid only if the channel remains intact.
Always apply proper risk management and stop-loss levels.
This analysis is for educational purposes only. It is not financial advice. Please do your own research before making any trading decisions.
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$ FOREX / GOLD / BTC | Real Trades,Real Result | Risk-managed strategiesn &VIP Signal {My Personal Entries} Join Telegram _ Trade smater ||
📬 Join Free Channel:
t.me/profitmagnetpro12
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t.me/profitmagnetpro12
Related publications
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.