BTC/USDT – 1D Chart Analysis
BTC is holding above the $108K support zone (green box). This area has acted as a demand zone, preventing deeper downside.
Structure: After the breakdown from the wedge pattern earlier, the price is consolidating near support with lower wicks showing buyer defense.
Ichimoku Cloud: Price is still inside the cloud zone, suggesting a neutral-to-bullish outlook. A strong daily close above $110K–112K could flip momentum upward.
Next Targets:
Bullish breakout → Move toward $116K – $120K zone (green arrow projection).
If support fails → Risk of retest around $104K – $102K.
⚡ Sentiment: Market is at a make-or-break level — holding $108K could spark a strong rebound; losing it could trigger further correction.
DYOR | NFA
BTC is holding above the $108K support zone (green box). This area has acted as a demand zone, preventing deeper downside.
Structure: After the breakdown from the wedge pattern earlier, the price is consolidating near support with lower wicks showing buyer defense.
Ichimoku Cloud: Price is still inside the cloud zone, suggesting a neutral-to-bullish outlook. A strong daily close above $110K–112K could flip momentum upward.
Next Targets:
Bullish breakout → Move toward $116K – $120K zone (green arrow projection).
If support fails → Risk of retest around $104K – $102K.
⚡ Sentiment: Market is at a make-or-break level — holding $108K could spark a strong rebound; losing it could trigger further correction.
DYOR | NFA
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.