BTC has been in an uptrend since early April 2025, breaking above a strong horizontal resistance line (visible in the chart).
However, we can now observe a descending channel (falling wedge) after the peak, indicating a potential pullback.
Support Levels:
The price has tested the 50-day SMA (red) and is approaching the 200-day SMA (green), which is a strong dynamic support (around $94,740–$98,000).
Horizontal support lines are around the $103,000 and $100,000 levels, acting as immediate support.
Price Pattern:
The pattern resembles a bullish flag or descending wedge, suggesting a possible continuation of the previous upward move if a breakout occurs.
Before a bullish reversal, a retest of support levels (highlighted in the blue circle) near the moving averages is possible.
Future Path (as drawn on the chart):
Possible pullback to around $100,000–$98,000 levels.
Reversal and breakout are expected to be between $112,000 and $115,000 initially, and possibly higher to $125,000–$130,000.
Volume & Momentum:
No volume data is shown, but the price action indicates a correction with weakening momentum.
Trend lines are sloping upwards, indicating underlying strength despite the correction.
Trade Setup Based on This Analysis
Entry Zone: Around $100,000–$98,000 (if price tests support and forms reversal patterns like a bullish engulfing or hammer).
Stop-Loss: Below $94,000 (below the 200 SMA and the trendline support).
Short-Term Target: $112,000–$115,000.
Mid-Term Target: $125,000–$130,000.
Risk Considerations
If BTC breaks below the 200 SMA and horizontal support near $94,000, the trend may weaken.
Thanks for your support!
DYOR. NFA
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.