Technical Outlook
Strong Supply Zone: Multiple rejections from the highlighted resistance indicate significant selling pressure.
Bullish Trend Weakening: Although the market remains above short-term dynamic support, the latest candles show hesitation and reduced bullish momentum.
Liquidity Grab Potential: Price may briefly sweep the recent highs to trigger buy-side liquidity before reversing lower.
Projected Move: A rejection from the current zone could initiate a correction toward the first demand area near 60,000, followed by the stronger support around 59,300.
Bearish Scenario
Wait for a confirmed bearish rejection (bearish engulfing, lower high, or break of minor structure).
Initial target: 60,000
Main target: 59,300 support zone.
A break below 60,000 would strengthen the bearish outlook and increase the probability of a move toward the lower demand zone.
Invalidation
If BTC closes convincingly above the 61,700–62,100 supply zone, the bearish setup is invalidated, opening the door for continuation toward higher resistance levels.
Bias: Short-term Bearish while price remains below the highlighted supply zone. Confirmation is recommended before entering a short position, as the market is still trading near the highs after a strong bullish impulse.
Strong Supply Zone: Multiple rejections from the highlighted resistance indicate significant selling pressure.
Bullish Trend Weakening: Although the market remains above short-term dynamic support, the latest candles show hesitation and reduced bullish momentum.
Liquidity Grab Potential: Price may briefly sweep the recent highs to trigger buy-side liquidity before reversing lower.
Projected Move: A rejection from the current zone could initiate a correction toward the first demand area near 60,000, followed by the stronger support around 59,300.
Bearish Scenario
Wait for a confirmed bearish rejection (bearish engulfing, lower high, or break of minor structure).
Initial target: 60,000
Main target: 59,300 support zone.
A break below 60,000 would strengthen the bearish outlook and increase the probability of a move toward the lower demand zone.
Invalidation
If BTC closes convincingly above the 61,700–62,100 supply zone, the bearish setup is invalidated, opening the door for continuation toward higher resistance levels.
Bias: Short-term Bearish while price remains below the highlighted supply zone. Confirmation is recommended before entering a short position, as the market is still trading near the highs after a strong bullish impulse.
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Click the 🌐Icon to join our telegram channel 📊 Daily XAUUSD(Gold) &Forex Market Analysis 💯Key Levels🎯 Focused on Risk Management ❤️🔥
Charts Tell The Story📊.
t.me/Trade_With_Alixza99
t.me/PRICEACTIONFOREX007
Charts Tell The Story📊.
t.me/Trade_With_Alixza99
t.me/PRICEACTIONFOREX007
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.