Hi!
BTC is currently trading around 64,200 after losing momentum near the 64,400 resistance. The break below the short-term ascending trendline suggests that buyers are taking a step back, increasing the likelihood of a deeper pullback before the next move higher.
The area between 63,300 and 63,450 stands out as the key demand zone to watch. A healthy retracement into this support could attract fresh buying interest and provide a stronger foundation for the next bullish leg. As long as this zone holds, the overall market structure remains constructive.
Rather than chasing price at current levels, waiting for a reaction from the demand zone may offer a better risk-to-reward opportunity. If buyers defend this area, BTC could recover toward 64,400, with 64,700 as the next major upside target. For now, a pullback into support followed by a bullish reaction remains the preferred scenario.
BTC is currently trading around 64,200 after losing momentum near the 64,400 resistance. The break below the short-term ascending trendline suggests that buyers are taking a step back, increasing the likelihood of a deeper pullback before the next move higher.
The area between 63,300 and 63,450 stands out as the key demand zone to watch. A healthy retracement into this support could attract fresh buying interest and provide a stronger foundation for the next bullish leg. As long as this zone holds, the overall market structure remains constructive.
Rather than chasing price at current levels, waiting for a reaction from the demand zone may offer a better risk-to-reward opportunity. If buyers defend this area, BTC could recover toward 64,400, with 64,700 as the next major upside target. For now, a pullback into support followed by a bullish reaction remains the preferred scenario.
Trade attivo
As expected, BTC declined from the level I mentioned earlier. #Btc #BTCUSD #Bitcoin
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
🟢 ADX & DFM channel: t.me/ADXandDFM
🔴 Tiktok: tiktok.com/@melikatrader94?is_from_webapp=1&sender_device=pc
🔴 Forex channel: t.me/melikatrader94GoldForex
🟢 ADX & DFM channel: t.me/ADXandDFM
🔴 Tiktok: tiktok.com/@melikatrader94?is_from_webapp=1&sender_device=pc
Pubblicazioni correlate
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.
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
🟢 ADX & DFM channel: t.me/ADXandDFM
🔴 Tiktok: tiktok.com/@melikatrader94?is_from_webapp=1&sender_device=pc
🔴 Forex channel: t.me/melikatrader94GoldForex
🟢 ADX & DFM channel: t.me/ADXandDFM
🔴 Tiktok: tiktok.com/@melikatrader94?is_from_webapp=1&sender_device=pc
Pubblicazioni correlate
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.