Bitcoin is again reacting from the same resistance zone, and this is where things get interesting.
When I look at this structure, I don’t see a random move. I see a market that is clearly respecting a range and reacting again and again from the same area.
Price has already rejected this zone multiple times, and each rejection is telling us one simple thing, there is supply sitting here.
For me, this is not about predicting the exact direction, it’s about reacting to what price is showing.
If the resistance continues to hold, downside targets remain valid.
But if price breaks and sustains above the zone, the idea becomes invalid.
Because the more a level gets tested, the more important the next move becomes.
Right now, this is a simple game:
Rejection → continuation down
Breakout → shift in structure
Let’s see which side wins.
Disclaimer:
This analysis is for educational purposes only. Always manage your risk and follow your own trading plan.
— TraderRahulPal
SCA Registered Financial Influencer (Dubai, UAE)
When I look at this structure, I don’t see a random move. I see a market that is clearly respecting a range and reacting again and again from the same area.
Price has already rejected this zone multiple times, and each rejection is telling us one simple thing, there is supply sitting here.
- Multiple rejections from the same level show that sellers are actively defending this zone.
- Price pushed up again but failed to sustain, which often indicates weakening bullish momentum near resistance.
- Now price is slowly rolling over, giving a potential short opportunity with defined risk.
- As long as price stays below the invalidation level, the structure favors a move back toward the lower range.
For me, this is not about predicting the exact direction, it’s about reacting to what price is showing.
If the resistance continues to hold, downside targets remain valid.
But if price breaks and sustains above the zone, the idea becomes invalid.
Because the more a level gets tested, the more important the next move becomes.
Right now, this is a simple game:
Rejection → continuation down
Breakout → shift in structure
Let’s see which side wins.
Disclaimer:
This analysis is for educational purposes only. Always manage your risk and follow your own trading plan.
— TraderRahulPal
SCA Registered Financial Influencer (Dubai, UAE)
تم فتح الصفقة
it hit stop loss and later given good move..تم إغلاق الصفقة يدويًا
Well, it given stop loss but view was clear, hence target achived.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.