Bitcoin 1H Technical Analysis:
BTCUSDT is currently trading around 105,650 and showing bullish momentum, gradually approaching the 0.382 Fibonacci retracement at 105,915.92. If price manages to break and hold above this level, the next target lies at the 0.5 (106,795.76) and into the Golden Zone between 107,675.60 - 107,914.20.
This area is a critical supply zone where potential rejection could occur. A clean rejection from this Golden Zone could trigger a bearish move back towards the 103,067.62 support area.
Key Levels to Watch:
Resistance: 105,915.92 → 106,795.76 → 107,914.20
Support: 105,000 → 104,739.54 → 103,067.62
Possible Move:
Bullish continuation toward the Golden Zone
Watch for a possible rejection and reversal from that area
Bias: Neutral-Bullish until key resistance is tested.
BTCUSDT is currently trading around 105,650 and showing bullish momentum, gradually approaching the 0.382 Fibonacci retracement at 105,915.92. If price manages to break and hold above this level, the next target lies at the 0.5 (106,795.76) and into the Golden Zone between 107,675.60 - 107,914.20.
This area is a critical supply zone where potential rejection could occur. A clean rejection from this Golden Zone could trigger a bearish move back towards the 103,067.62 support area.
Key Levels to Watch:
Resistance: 105,915.92 → 106,795.76 → 107,914.20
Support: 105,000 → 104,739.54 → 103,067.62
Possible Move:
Bullish continuation toward the Golden Zone
Watch for a possible rejection and reversal from that area
Bias: Neutral-Bullish until key resistance is tested.
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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.
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.