In the last post, BTC was losing momentum with risk toward $76,107.69 and deeper support at $73,672.50 (0.786 Fib) if selling accelerated.
Price found support at the 0.618 Fibonacci retracement, which is the ORANGE horizontal level on the chart. That level held and triggered a bounce, but upside has been capped by descending resistance, keeping BTC in a tightening range.
Current structure:
Bulls defended the 0.618, but continuation requires a clean break above resistance. Until then, price remains in consolidation with expansion approaching.
Bias:
This is a decision zone. Let price confirm.
Not financial advice.
Price found support at the 0.618 Fibonacci retracement, which is the ORANGE horizontal level on the chart. That level held and triggered a bounce, but upside has been capped by descending resistance, keeping BTC in a tightening range.
Current structure:
- ORANGE horizontal support = 0.618 Fib (line in the sand)
- Descending resistance: Limiting upside momentum
- Short-term structure: Lower highs / compression
- Major demand zone: Green box below — next bullish defense if 0.618 fails
- Downside risk: Loss of 0.618 opens the door to the 0.786 Fib
Bulls defended the 0.618, but continuation requires a clean break above resistance. Until then, price remains in consolidation with expansion approaching.
Bias:
- Hold 0.618 (ORANGE) → Bullish continuation attempt
- Lose 0.618 → Pullback toward deeper Fib support
This is a decision zone. Let price confirm.
Not financial advice.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.