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Bitcoin Testing Resistance with Potential Pullback AheadKey observations: Range Breakout: Earlier, Bitcoin broke out of a consolidation zone (marked box), which triggered the recent upward move. Resistance Zone: Price is hovering near the 5.15%–5.42% gain zone, where selling pressure has historically emerged. Pullback Signal: The drawn arrow suggests a possible rejection at this resistance, pointing to a corrective move down toward the 3% zone. Momentum Check: If BTC fails to hold above this resistance, a retracement is likely. However, a strong breakout could open the door toward 6% gains. 📌 Conclusion: Bitcoin is at a decision point. Rejection at resistance could bring a pullback toward 2.8%–3.0%, while a breakout above 5.4% would continue the bullish momentum.
BITSTAMP:BTCUSDShort
by DrForexPhd
BTCUSDT Bearish Pattern with Key Support RetestAnalysis: The chart shows Bitcoin (BTCUSDT) forming a harmonic pattern that signals potential bearish continuation. Price is currently retesting a critical support and resistance level around the 113,000–114,000 zone. If this level fails to hold, further downside movement is expected. Pattern Formation: The harmonic structure (XABCD) suggests a bearish setup. Support Zone: Around 110,900–111,000, a crucial level to watch. Downside Target: If support breaks, the price could move toward the 99,000–100,000 strong supply zone. Volume: A noticeable volume build-up supports potential continuation to the downside. 📉 Outlook: Bearish bias. A breakdown from current retest levels may accelerate selling pressure toward the 100k psychological zone.
by Pipshunter27
BTC/USDT Technical Analysis – Key Levels & Trend Outlook📊 BTC/USDT Technical Analysis – Key Levels & Trend Outlook 🚀📉 🔹 Trend Structure Price is currently trading above the trendline, suggesting bulls are still in control, but momentum has weakened. 🔹 Support Zones Immediate Support: 🔵 $111,739 Price recently tested this level and bounced, showing demand from buyers. Key Mid-Support: 🔵 $100,242 Strong historical level where buyers stepped in multiple times. Major Demand Zone: 🟪 $95,243 – $96,500 Highlighted purple support box; this is a critical accumulation zone where bulls are likely to defend strongly. 🔹 Resistance Levels Near-term resistance: Around $120,000 – $124,000 (recent swing highs). A breakout above this zone could fuel a new bullish rally. 🔹 Market Outlook ✅ Bullish Bias as long as price respects the green trendline and stays above $111,739. ⚠️ If the price breaks below $111,739 and the trendline, expect a deeper pullback toward $100,242 or even the major demand zone $95,243. 🚀 A breakout above $120K will signal strong continuation to new highs. 📌 Summary: Trend: Uptrend ✅ Key Supports: $111,739 → $100,242 → $95,243 Resistance: $120,000 – $124,000 Bias: Bullish above $111K, cautious below 🔻
by ClassicallegendFx
"Bitcoin Eyes $100K Re-Entry: Retest, Support Zone, Then Push ?Chart Analysis 1. Price Structure & Trendlines The chart displays a former upward trendline that has been broken, leading to a corrective pullback. Following that, price is perched within a “retest zone” (the red-shaded rectangle), which aligns with both historical horizontal resistance—now turning into support—and an area of previous consolidation. This is a classic setup: price often retests key breakout levels before resuming its move. 2. Support Levels The main support is clearly drawn around the $100K zone, highlighted by a grey bar below the retest zone. This is a psychological and structural area to watch for potential strong buying. Immediate support appears near $110K–$112K, as noted by the lower edge of the red retest area—this zone has shown to catch corrections before in technical analysis and news reports AInvest Mudrex Barron's . 3. Resistance & Upside Targets If the retest holds, the chart charts a potential bounce toward the upper rising trendline and beyond, potentially aiming for the $126K–$130K region, as marked by Fibonacci retracement levels. This aligns with several external forecasts suggesting resistance or target zones in that range AInvest Mudrex Barron's . 4. Potential Price Path & Scenarios (Denoted by Red Arrows) Bearish Scenario: Price may dip down into the retest zone, test support, and—if the breakdown occurs—continue lower toward $100K—a key area of interest. Bullish Scenario: The support holds, leading to a V-shaped recovery that propels price back above $115K, potentially triggering a rally toward $122K–$130K. Summary Table Key Zone / Level Significance & Note $110K–$112K Critical near-term support; breakdown risks move toward $100K AInvest Mudrex Retest Zone (~$114K–$115K) Area combining horizontal support and trendline; serves as pivot for next move Mudrex AInvest $120K–$123K Major resistance where a breakout could fuel continuation toward $127K–$130K Mudrex Barron's Broader Context & Market Sentiment Bitcoin is currently consolidating after setting new highs near $124K MarketWatch The Economic Times Barron's Cointribune . Analysts observe that sustaining above the $110K–$112K band is essential to the bullish case; falling below it could invite deeper downside Barron's Cointribune AInvest . Conversely, a decisive move above $120K–$123K could validate continuation toward $127K–$130K, and even higher—some forecasts extend to $135K and beyond Mudrex Indiatimes Barron's CoinCodex . Final Thoughts Your chart beautifully illustrates the classic “retest after breakout” dynamic: Hold above the retest zone? Look for a rebound toward $120K+, with the potential for a full bullish revival aiming for $130K. Break below $110K–$112K? Watch for a possible move toward $100K—a critical support level. Stay alert to macro catalysts too—like Federal Reserve interest rate signals, institutional inflows (ETFs), and regulatory developments—which could steer the next leg substantially
BINANCE:BTCUSD
by KingProTrader
Bitcoin is Bullish or Bearish - 20th Aug 2025First, In my previous charts mentioned take long with money management. I didnt expect this much of fall and i had to cut my longs to hold the rest. Technically no answer for this fall since its mad short selling and group games or big players selling to get liquidity before they buy. They are buying at every dips in very large qty. Exchanges buy sell as well to kill and eat others Price is at previous tested proved support. Any analyst can only suggest buy this dip and to be 100% security allow price to test the support again and then buy based on reaction. Support and Resistance are tested and will hold or breakout as well right. In my view for Bitcoin every previous proved support should not break since whales buy and rise the price. Not sure who is that whales selling causing support to break. In news I didnt see or knowing how is that big player sold causing price to drop this much. Stay Safe, I am doing my best or suggesting what I am also doing. God Bless Bitcoin traders.
Long
by venkatfx
BTC/USD Eyeing Breakout Toward $121.5K – Supply Zone Retest ?Current Price: ~$119,872 showing consolidation just above the 0.618 Fibonacci retracement level. Structure: Price has bounced from the supply zone (~118.4K–118.6K) and is currently pushing upward. Ichimoku Cloud: Price is trading within a cloud breakout attempt, indicating potential bullish momentum. Fair Value Gaps (FVG): Two unfilled FVGs above suggest liquidity targets at ~$120.6K and ~$121.5K. Support Levels: Strong Support: ~$115.8K–116.5K. Local Supply Zone Support: ~$118.4K. Target: Main upside target sits at $121,533, aligning with a prior high and liquidity pool. Trade Plan (Long Setup): Entry: $119,700 – $119,900 (current consolidation zone) Stop Loss: Below $118,400 (below supply zone) Take Profit 1: $120,600 (first FVG target) Take Profit 2: $121,533 (major resistance/liquidity target) Risk/Reward Ratio: ~2.8 Notes: Wait for a bullish confirmation candle or 1H close above $119,900 before entering. Avoid chasing if price spikes without retest. This plan follows the chart’s bullish structure and aims to ride the move into the untested liquidity areas above. If you want, I can also give you a short scenario plan in case price rejects here. That would make this a full two-way trade setup.
BINANCE:BTCUSDLong
by KingProTrader
BTCUSD Eyes Lowest Support Retest-Weakness PersistsThis 15-minute chart on BTCUSD reflects sustained bearish conditions, with clear rejection patterns and sell momentum guided by Leola Lens SignalPro overlays. 🔍 Technical Structure Highlights 🔻 Multiple SELL signals continue to appear below compression zones — indicating persistent supply. 🟡 Caution Labels marked each major swing low, capturing high-probability trend reversal zones, but no structural breakout followed. 🟥 Price remains trapped beneath both adaptive red and white base trendlines, confirming dominant downside bias. 🟩 A brief BUY signal appeared inside a narrow range, but failed to follow through — highlighting overall market weakness. 🔁 What to Watch A clean move above $113,374 is needed to shift momentum toward the $114,800–$116,000 resistance band. If rejection holds, price may rotate back toward the lower support zone near $112,713, or further. 🧠 This chart illustrates a structure-first approach using Leola Lens SignalPro. For educational analysis only. Trade safe. #BTCUSD #Bitcoin #Crypto #LeolaLens #StructureTrading #SmartContext #PriceAction
BITSTAMP:BTCUSDLong
by LEOLALENS-OFFICIAL
BTC - revised TP is 130K - Logic explainedI agree two times support for completion of wave 4 got broken but due to news flow other wise logic given in previous charts are based on confirmation of support. Now this may not go wrong. First resistance is at 116K and mean revision level is 118, once we cross these two level every analyst agree we will make new ATH and that level is 130 as per my calculations for wave 5. This is minimum level and it can be more higher as well like 150 , 180K which many people talking with their logics which i agree too. I am saying 130 is minimum we will see this year 2025 by sooner for sure.
by venkatfx
1
Resistance Breakout Expected in BTC/USDBitcoin is currently testing a key horizontal resistance near the $118,600 zone. After a sharp recovery from recent lows, the price is consolidating just below this level, indicating a potential breakout. 🔍 Chart Insights: Price action forming higher lows, showing strength. Breakout above the marked resistance may trigger a strong bullish move. Tight consolidation near resistance suggests bulls are preparing for a push higher. 📈 Trade Setup: Entry: Above $118,600 breakout Target: $119,188 and beyond Stop-loss: Below $118,200 If price sustains above resistance with volume confirmation, BTC/USD could witness fresh momentum on the upside. Stay alert for the breakout candle.
CRYPTO:BTCUSD
by Kapil-Mittal
BTC - TP 127200 confirmed coming !!! 29th july viewEveryone are in same page with respect to wave 5 is in progress and we will be seeing new high. Inner waves of 5th wave is clear now with support formed and ABC corrective move of 2nd wave seems to be completed price moving up. when price respect fib levels and align with wave theory then we can predict the targets. 3rd, 4th and 5th are plotted based on the first 2 move and this will happen for minimum possibilities. so with this data points I am predicting TP of 127200 for BTC very soon in short term.
by venkatfx
4
Entry at $108,658 with Target at $98,815 and Stop Loss at $110,31. Entry Point: 108,658 This is where the trader expects to enter a short position. Price is projected to reverse near this level. 2. Stop Loss: 110,341 Located above the entry point. If price hits this level, the short trade is invalidated, limiting losses. 3. Target (Take Profit): 98,815 This is the EA Target Point, about 9,714 points (~8.94%) below the entry. Represents a favorable risk-reward ratio. --- 🔄 Trade Idea Summary Trade Type: Short (Sell) Risk: ~1,683 points (110,341 - 108,658) Reward: ~9,843 points (108,658 - 98,815) Risk-Reward Ratio: ~1:5.85 (which is strong) --- 📊 Technical Indicators in Use Moving Averages: Likely 50-period (red) and 200-period (blue) MAs. The 50 MA is below the price, indicating short-term bullishness. However, the trade idea goes against this short-term trend, suggesting a reversal strategy. --- 🔍 Interpretation & Strategy This chart implies the trader expects resistance near 108,658, possibly due to historical highs or supply zones. The bearish outlook expects a significant drop to 98,815, possibly supported by macro patterns (like head & shoulders, or bearish divergence—not shown here but could be inferred). The purple zones highlight high-probability reversal or reaction areas (support/resistance zones). --- ⚠️ Things to Watch Invalidation: If price closes above 110,341 on a 4H/1D chart, the trade setup fails. Confirmation: A strong bearish candlestick at or near the entry zone would strengthen the case. Market Context: News, economic data, or BTC ETF inflows/outflows can quickly invalidate technical setups.
BITSTAMP:BTCUSDShort
by EA_GOLD_MAN_COPY_TRADE
Bitcoin Bounce Alert: Holding the $100K Fortress! 📉 Market Context & Technical Levels Key support at ~$100K: As the chart shows and multiple analysts confirm, this level continues to act as a strong defence zone. Cointelegraph noted bulls have been “defending the $100K key support level strongly,” triggering bounces during dips Descending channel overhead: Bitcoin has retraced into a downward channel. A clean breakout above ~107K–109K (past recent peaks) is needed to signal a bullish shift . Liquidity target at ~106K: Plenty of orders await in that region—flipping it to support may pave the way for another push higher . 📊 Indicators & Momentum RSI dip near 25 during the latest drop indicates oversold conditions—often a precursor to rebounds . Volume surge on rebounds suggests absorbing sell pressure and strong accumulation interest at lower levels. 🚩 Key Price Zones to Watch Level Significance $100K Crucial support; losing it risks a slide toward $95K–97K or even $92K . $105K–106K Liquidity zone; flipping here as support could confirm upward momentum . $107K–109K Resistance from channel tops and prior highs; a successful break is key to next leg up . $112K–$112K+ If breakout occurs, upside targets extend toward prior ATH near $112K and beyond . 🎯 Chart Analysis Summary Your chart shows three distinct bounces from the $100K–100.7K supply zone (highlighted in blue) and the latest one includes a sharp wick and rebound. This aligns with broader market dynamics emphasizing support at $100K and building liquidity at $106K. The arrow projection signals a probable retest of ~106K, with room to challenge ~107–109K after consolidation. 🧭 Trade Outlook Bullish scenario: Hold above $100K → reclaim $106K → trendline breakout → potential rally to $112K+. Bearish risk: Fails support at $100K → breakdown toward $95K–92K region. 📌 Bottom Line Support $100K is alive and well. Bounces have been crisp and volume-backed. Next test lies at $105–106K. That’s the battleground—flip it, and we may see bitcoin reclaim recent highs. Watch the channel overhead (~107K–109K). A breakout could open the door to fresh records. ✅ Conclusion: BTC is defending its psychological base firmly. If this zone holds once more, the path to $106K and beyond is in focus. Breaking above demands conviction, but it’s the pivot to watch.
BINANCE:BTCUSDLong
by KingProTrader
BTC/USD Potential Reversal & Bullish Breakout SetupBTC/USD Potential Reversal & Bullish Breakout Setup 🔄🚀 Technical Analysis Overview: 🔹 Pattern Formation: The chart displays a potential Triple Bottom pattern (🟠), a classic reversal signal forming at the $104,870–$100,000 support zone 🛡️. This structure suggests a strong base is being established for a potential upside move. 🔹 Support Zone: 📉 The price has consistently bounced off the major support area around $100,000–$104,870, indicating strong buying interest. 🔹 Resistance Zone: 📊 The key resistance level lies around the $114,000–$115,000 range 🔵, which has been tested multiple times in the past (🔴 arrows) and could act as a future profit target. 🔹 Price Action & Projection: Currently, price is trading near $107,025 and is showing signs of bullish continuation after forming a higher low. If the price consolidates above the $104,870 zone and holds support, we could see a potential breakout targeting the $114,000 resistance 📈. 📌 Key Takeaways: ✅ Triple Bottom formation signals trend reversal. 🔄 Bullish structure confirmed above $104,870. 🎯 Next target: $114,000 if breakout holds. ⚠️ Watch for potential consolidation before continuation.
BITSTAMP:BTCUSDLong
by MrStellanSight
1
BTC/USDT Bullish Reversal Zone AnalysisSupport Zone: The horizontal purple box (~104,000 USDT area) has acted as a strong support/resistance flip zone multiple times. Falling Wedge Breakout: The price action broke out of a falling wedge pattern earlier, confirming bullish momentum. Flag Formation (Current): A smaller bullish flag/pennant appears to be forming, and a breakout above could trigger a strong upward move. Projected Move: The black arrow indicates a potential bounce from this support zone, with the price targeting the 111,000–112,000 USDT zone (highlighted in the top purple box). Volume Spike: Notable volume spike near the bottom supports the idea of accumulation and possible reversal. 📈 Conclusion: If the support zone holds and price breaks above the minor flag, a bullish continuation is likely toward the 111,000–112,000 resistance area. Traders should watch for confirmation of a breakout and volume increase for validation.
Long
by ZareeFxTradingAac
Inverse Head and Shoulders Breakout Signals Bullish The chart under review presents a classic Inverse Head and Shoulders pattern, a reliable and widely recognized bullish reversal formation in technical analysis. This structure typically forms after a downtrend, indicating a potential shift in market sentiment from bearish to bullish. The pattern is composed of: Left Shoulder: A modest price decline followed by a temporary upward correction. Head: A deeper price decline forming the lowest point in the pattern. Right Shoulder: A higher low that mirrors the left shoulder, followed by another upward movement. The neckline, which acts as a critical resistance level, is clearly illustrated at approximately 106,840.37 USDT. A confirmed breakout above this neckline suggests the completion of the reversal pattern and validates the potential for a sustained bullish movement. --- 2. Breakout Confirmation The current price action confirms a successful breakout above the neckline, with the market currently trading around 107,586.58 USDT. This breakout is a key signal for bullish continuation, provided it is supported by increased volume and follow-through price action. From a technical standpoint, the breakout is reinforced by: A clean violation of neckline resistance Price consolidation near breakout zone before a strong upward thrust Higher lows preceding the breakout, indicative of growing buying pressure This confluence of technical signals strengthens the case for an upward price trajectory in the near term. 3. Projected Price Targets Upon confirmation of the Inverse Head and Shoulders breakout, target levels can be derived using the measured move technique. This involves projecting the vertical distance from the head to the neckline upward from the breakout point. Target 1 (Initial Resistance): 108,878.29 USDT – This level represents a potential short-term resistance where price may consolidate or retrace slightly before continuing. Target 2 (Measured Move Completion): 110,752.24 USDT – This is the ultimate price target derived from the height of the head-to-neckline structure. Reaching this level would represent the full realization of the reversal patt 4. Key Support and Risk Levels Risk management is a critical component of any trading strategy. The following support levels should be closely monitored: 106,840.37 USDT (Neckline Support): Former resistance turned support. Holding above this level post-breakout is essential for sustaining bullish momentum. 105,997.09 USDT: Acts as a secondary support level and potential stop-loss region for conservative traders. If price fails to hold above the neckline and falls back below these levels, the breakout could be classified as a false breakout, warranting caution. 5. Strategic Implications for Traders This setup provides a favorable risk-to-reward ratio for long entries, particularly for traders seeking to capitalize on momentum-based patterns. An optimal trading approach could involve: Entry: Near the neckline breakout or on a minor retest of 106,840.37 USDT Stop-Loss: Below 105,997.09 USDT or under the right shoulder to account for volatility Take-Profit Zones: Partial profits near 108,878.29 USDT, with final target at 110,752.24 USDT 6. Final Remarks This chart illustrates a textbook example of a bullish reversal pattern in play. While the technical outlook is favorable, traders should remain cautious of potential invalidation scenarios, especially in highly volatile or news-driven markets. Confirmation through volume analysis and supportive macro/fundamental conditions can further enhance confidence in the bullish thesis. Overall, the current setup indicates a well-structured opportunity for upward price movement, with a clearly defined entry, risk, and reward framework. Let me know if you'd like this tailored for a trading journal, client report, or automated strategy setup.
Long
by ZareeFxTradingAac
Bitcoin (BTC/USDT) 2-hour chart, focused on the buy side only!📊 Chart Overview The chart shows BTC/USDT on the 2-hour timeframe, featuring clear levels of resistance, mini-resistance, and target zones. Let’s break down the buy idea: 🚀 Key Zones & Levels 💜 Resistance Zone (Purple Box): Historical price ceiling. Price dropped from this area several times. 🟦 Target Zone (Blue Line): 106,691 - 106,683 USDT. Target for the next bullish move! 🟧 Mini Resistance (Yellow Box): Around 102,000 USDT. Acting as support (buy zone!) now. 💰 Buy Setup & Entry Area ✅ Buy Zone: Just below 103,000 USDT, aligning with the mini resistance / support box (yellow). ✅ Entry Level: Between 102,000 - 103,000 USDT. Best if price consolidates or forms a reversal candle here. 🟢 Target: First target: 106,000 USDT Next major target: 106,683 - 106,691 USDT. 📉 Stop Loss: Below 101,000 USDT for protection. 🎯 Trading Plan 1️⃣ Wait for a bullish reversal candlestick at the mini resistance box (~102,000 - 103,000 USDT). 2️⃣ Enter long (buy) position. 3️⃣ Target profit at 106,000 and 106,691 USDT. 4️⃣ Stop below 101,000 to manage risk. ⚡️ Summary 🟢 Buy: At mini resistance (~102,000 - 103,000). 🎯 Targets: 106,000 - 106,691. ❌ Stop: 101,000. 🚀 Let's ride the bullish wave! 💹📈🟢
Long
by VikingFx-Community
BTCUSDT Trade Analysis📊 BTCUSDT Trade Analysis Previous Move (Sell) ✅ Sell executed successfully – target reached (🎯). 📈 New Trade Setup (Buy) 💡 Current Plan: Switching to buy now as the market has reached the previous sell target. New Target: Next major resistance area near 111,025 – 111,072 USDT range (🟩 target box at the top). 📍 Key Levels: Entry Zone: Above 105,000 USDT mini-resistance area (🟧 mini-resistance box). Support: Around 102,999 USDT (blue support line). Current Target (Buy): Target zone: 111,025 – 111,072 USDT. 📌 Trade Plan Summary Entry: Above 105,000 mini-resistance area break. Target Point: 111,025 – 111,072 USDT 🟩. Stop Loss: Suggested below 102,999 USDT to limit downside (🔴 red zone). 🎯 Conclusion: 🔵 Target for the buy move is well-defined and positioned above current resistance levels. 🟢 Awaiting price action above mini-resistance area for a safe entry for the next bullish leg!
Long
by VikingFx-Community
Price is coiling. But I already know where it wants to go.15-minute chart, but the logic is macro. We just printed a double top above 104,800 — but Smart Money didn’t take that high for fun. That was a clean liquidity raid followed by immediate rejection. The reaction wasn’t retail panic. It was engineered. What followed was a controlled pullback into a micro-dealing range. I’m expecting one more sweep — a stab into the 103,728.4 zone. Why? Because that’s where the 0.5 retracement meets the upper bound of a low-volume node. If price wants to rebalance, it’ll do it there — not randomly in mid-air. If price respects that level and prints bullish structure, I’ll step in. First objective? 104,865. That’s the true inefficiency gap above the raid high — and the last unfilled void in this leg. Execution logic: 🔑 Anticipated long trigger: 103,728.4 🧠 Deep discount final bid: 103,581–103,247 sweep (last grab) 🎯 Immediate TP: 104,865 ❌ Invalidation: Full body break below 103,101 I don’t need candles to line up perfectly. I just need price to return to value. I trade what price must do — not what it might do.
Long
by SmartFlowsI
BTC/USD Technical OutlookTechnical Analysis Summary: 1. Support & Resistance Zones: Support Zone: ~$102,600–$103,500 ✅ Price recently tested and bounced from this zone, supported by the 200 EMA (blue line). Resistance Zone: ~$110,500–$112,000 🔼 This is the next major target area for bulls. Mid-level Supply: ~$106,500–$107,500 ⚠️ Price may face short-term resistance here (near the 50 EMA in red). 🔄 Moving Averages: 200 EMA (blue) at $102,648: Acts as strong dynamic support. Price bounce reinforces bullish sentiment. 50 EMA (red) at $106,798: Currently acting as dynamic resistance. A breakout above it would strengthen bullish continuation. 🕯️ Candlestick Behavior: Multiple rejection wicks from the support zone indicate buyer strength. Recent candle shows a bullish reaction, potentially forming a reversal pattern. 📈 Price Projection (as per the chart path): Short-term pullback may lead into the $106,500–$107,500 zone. If bulls maintain momentum and break above, we can expect a push toward $111K–$112K resistance. ✅ Conclusion: Bias: Bullish Trigger: Confirmed bounce from support + price reclaiming 50 EMA Invalidation: Break below $102,600 with high volume would invalidate the bullish scenario.
BINANCE:BTCUSDLong
by MrStellanSight
Bitcoin Price Analysis – 1H Chart (BINANCE)📊 Bitcoin Price Analysis – 1H Chart (BINANCE) Date: May 28, 2025 Pair: BTC/USDT Timeframe: 1 Hour (1H) 🏔 All-Time High (ATH) Rejection 🔴 Zone: ~111,800 – 112,000 USDT BTC previously reached an ATH (marked in red) but failed to maintain momentum. This level formed a double top pattern, a classic reversal signal. 📉 Key Resistance Zone 🟪 Range: ~109,500 – 110,500 USDT Multiple rejections from this purple box indicate strong seller presence. This area is now acting as a resistance barrier, preventing upward movement. 🔵 Support & Target Level 📍 Support Level: 106,622.06 USDT 🗨️ “when touch this level next target 100k” The blue line represents a crucial short-term support. The chart suggests a bearish move toward this level before a possible bullish reversal. If price breaks below this, we could see further downside before any major rally. 🔄 Market Structure 🔹 BTC has formed a lower high structure, indicating weakening bullish momentum. 🔻 A head-and-shoulders pattern appears to be forming, which typically signals a reversal from bullish to bearish. 🧠 Trader Insight 📌 A drop to 106,622 USDT may act as a liquidity grab, potentially setting the stage for a major move upward. ⚠️ However, confirmation of a reversal (bullish signals, volume spike) will be critical before assuming a breakout to 100k as implied. 🔍 Conclusion 🚨 BTC is in a critical zone between resistance (~110,000) and support (~106,600). 📉 Near-term bias: Bearish → Targeting 106,622 USDT 📈 Medium-term possibility: Bullish rally only if support holds and sentiment shifts.
Short
by VikingFx-Community