BTCUSD Hello Traders, BTCUSD 1D 24/05/2025Bitcoin has already completed a clean retest of the breakout structure, yet Stochastic remains in the overbought zone (above 75), signaling a potential short-term correction.
Key Observations:
- Price may push further toward the 111,917 resistance zone
- Due to overbought momentum, there’s a possibility for a bounce back toward the SBD (Supply
Become Demand) zone before any continuation
- As long as market sentiment remains bullish, we may see a breakout above 111,917 after the correction
Key Zones:
- Resistance: 111,917
- Demand/SBD Area: Around 102,000
- Major Demand: Below 94,000
Short-term caution ⚠️, long-term structure possible continue bullish 📈
Note
Trade wisely, manage your risk —Disclaimer ON!
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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.