Hello traders, I want share with you my opinion about Bitcoin. The price previously broke above the support line and made a strong bullish move from the buyer zone (99300–100500 points). After the breakout, the price started rising steadily and is now approaching the Seller Zone (108500–109500), which also coincides with the resistance line of the downward channel. This area has shown strong bearish pressure in the past. Every time the price entered this zone, it quickly reversed. It’s a key area where many traders seek short-term opportunities. Currently, price is just entering this zone again and showing early signs of weakening momentum. Given the channel's structure, past price behavior near this resistance level, and the presence of the seller zone, I expect BTCUSD to turn around soon. Once the price rejects this level, I anticipate a reversal and a move back into the channel, continuing the downward trajectory. My first target is set at 103000 points, near the center of the range and above the support level (100500). This area has been tested multiple times before and may act as a strong buffer again. Please share this idea with your friends and click Boost 🚀
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Trade ativo
Amazing! BTC rebounded from the seller zone and started to move down. I think it continues to fall and even reach my TP. We'll see...Trade fechado: objetivo atingido
Ok, price still falling, for this case, I expect that it will soon reach my target.
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🔷Join my telegram channel for free - bit.ly/4g4wovR
💰Want receive more profitable signals for Crypto & Forex market, write me PM 👉 bit.ly/4fNijD8
💰Want receive more profitable signals for Crypto & Forex market, write me PM 👉 bit.ly/4fNijD8
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.