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 CFD Broker
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Trusted Crypto Prop Firm
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
📊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
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.