BTC just did something important.
Price broke above a key resistance, and that level has now flipped into support. This kind of structure shift usually confirms that the previous range is done and a new leg is starting.
That said, this doesn’t mean price can’t breathe.
A pullback toward the $92,000 demand zone is still possible, especially since it lines up nicely with the lower blue trendline. If that happens, it would still be considered a healthy correction.
As long as structure holds, the expectation remains the same:
one more impulse higher, with the $100,000 round number acting as the next magnet.
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Price broke above a key resistance, and that level has now flipped into support. This kind of structure shift usually confirms that the previous range is done and a new leg is starting.
That said, this doesn’t mean price can’t breathe.
A pullback toward the $92,000 demand zone is still possible, especially since it lines up nicely with the lower blue trendline. If that happens, it would still be considered a healthy correction.
As long as structure holds, the expectation remains the same:
one more impulse higher, with the $100,000 round number acting as the next magnet.
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
📊I help you turn charts into a career
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Trusted Crypto Prop Firm
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📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.