Hello Traders! 👋
What are your thoughts on BITCOIN?
After a strong rally, BTC is currently pulling back from the 124K resistance area, heading toward a major confluence support zone between 108,000– 110,000, which aligns with:
✅ Previous breakout zone
✅ 0.5–0.618 Fibonacci retracement
✅ Lower bound of the ascending channel
This level is expected to attract buyers and act as a base for a new bullish leg.
Scenario Ahead (Main Bias):
1. Price dips into the 108–110K support
2. Bullish reversal from the zone (watch for strong reaction candles or bullish divergence)
3. Target 1: 124K (retest resistance)
4. Target 2: 135K–140K (upper channel boundary upon breakout)
BTC remains in a healthy bullish structure. Current pullback is considered constructive, and the 107–110K zone offers a high-probability long setup. Watch for bullish signals before entering.
A confirmed daily close below 107K would invalidate this bullish structure and expose BTC to deeper correction levels.
What’s your take on this setup? Do you expect a bounce from support or a deeper correction? Share your thoughts below 👇
Don’t forget to like and share your thoughts in the comments! ❤️
What are your thoughts on BITCOIN?
After a strong rally, BTC is currently pulling back from the 124K resistance area, heading toward a major confluence support zone between 108,000– 110,000, which aligns with:
✅ Previous breakout zone
✅ 0.5–0.618 Fibonacci retracement
✅ Lower bound of the ascending channel
This level is expected to attract buyers and act as a base for a new bullish leg.
Scenario Ahead (Main Bias):
1. Price dips into the 108–110K support
2. Bullish reversal from the zone (watch for strong reaction candles or bullish divergence)
3. Target 1: 124K (retest resistance)
4. Target 2: 135K–140K (upper channel boundary upon breakout)
BTC remains in a healthy bullish structure. Current pullback is considered constructive, and the 107–110K zone offers a high-probability long setup. Watch for bullish signals before entering.
A confirmed daily close below 107K would invalidate this bullish structure and expose BTC to deeper correction levels.
What’s your take on this setup? Do you expect a bounce from support or a deeper correction? Share your thoughts below 👇
Don’t forget to like and share your thoughts in the comments! ❤️
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✅MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
telegram.me/+1gFAIO4CJJw3NTU0
✅ MY INSTAGRAM :
instagram.com/marketanalaysis
telegram.me/+1gFAIO4CJJw3NTU0
✅ MY INSTAGRAM :
instagram.com/marketanalaysis
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.