Hello Traders! 👋
What are your thoughts on Bitcoin ?
Bitcoin, after its recent sharp decline, has entered a corrective ascending channel and is now testing a major supply zone—an area where multiple key technical factors are converging.
This resistance zone marks a level where price has previously reacted bearishly, while also aligning with the 0.5 Fibonacci retracement and the upper boundary of the ascending channel. This confluence turns the area into a critical decision zone.
We expect price to get rejected from this zone and move toward the lower boundary of the channel, which remains the dominant scenario.
As long as price stays below this resistance area, the short-term outlook remains bearish.
Feel free to like and share your thoughts in the comments! ❤️
What are your thoughts on Bitcoin ?
Bitcoin, after its recent sharp decline, has entered a corrective ascending channel and is now testing a major supply zone—an area where multiple key technical factors are converging.
This resistance zone marks a level where price has previously reacted bearishly, while also aligning with the 0.5 Fibonacci retracement and the upper boundary of the ascending channel. This confluence turns the area into a critical decision zone.
We expect price to get rejected from this zone and move toward the lower boundary of the channel, which remains the dominant scenario.
As long as price stays below this resistance area, the short-term outlook remains bearish.
Feel free to like and share your thoughts in the comments! ❤️
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✅MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+1gFAIO4CJJw3NTU0
✅MY INSTAGRAM:
instagram.com/marketanalaysis
t.me/+1gFAIO4CJJw3NTU0
✅MY INSTAGRAM:
instagram.com/marketanalaysis
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.