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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📊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
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。