upply Zone: $117,000 – $117,500 (marked in blue)
This zone previously triggered a sharp sell-off, indicating strong selling pressure.
Immediate Support: $115,358
A break below could open the way for further downside toward $113,789.
Demand Zone: $112,800 – $113,400 (orange zone)
Strong buying activity previously emerged here, pushing BTC upwards.
📈 Possible Scenarios:
Bearish Rejection – If price fails to break above $117,287, we could see a move back toward $115,358 and possibly $113,789.
Breakout Confirmation – A strong candle close above $117,500 could trigger a bullish continuation toward higher resistance levels.
🔻 Bias:
Short-term bearish while price remains below $117,287, with potential retracement toward the lower supports.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research before trading.
This zone previously triggered a sharp sell-off, indicating strong selling pressure.
Immediate Support: $115,358
A break below could open the way for further downside toward $113,789.
Demand Zone: $112,800 – $113,400 (orange zone)
Strong buying activity previously emerged here, pushing BTC upwards.
📈 Possible Scenarios:
Bearish Rejection – If price fails to break above $117,287, we could see a move back toward $115,358 and possibly $113,789.
Breakout Confirmation – A strong candle close above $117,500 could trigger a bullish continuation toward higher resistance levels.
🔻 Bias:
Short-term bearish while price remains below $117,287, with potential retracement toward the lower supports.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research before trading.
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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.