BTC/USDT Price Analysis (Interpretation):
BTC/USDT recently tapped into a well-defined rejection zone on the 4H and Daily timeframes. This zone has previously acted as strong resistance.
Given this, we could expect a potential move to the downside unless the price breaks above that rejection zone with strong momentum. However, before the downside move fully plays out, there is a chance the price may retest the 102,500 level again — possibly as a liquidity grab or a false breakout — before resuming a bearish push. My Goal is 102,500 lets we see how how the price will plays out.
if you like tis idea and if you find good thing in this analysis share in comments we need support from you Guys.
BTC/USDT recently tapped into a well-defined rejection zone on the 4H and Daily timeframes. This zone has previously acted as strong resistance.
Given this, we could expect a potential move to the downside unless the price breaks above that rejection zone with strong momentum. However, before the downside move fully plays out, there is a chance the price may retest the 102,500 level again — possibly as a liquidity grab or a false breakout — before resuming a bearish push. My Goal is 102,500 lets we see how how the price will plays out.
if you like tis idea and if you find good thing in this analysis share in comments we need support from you Guys.
Trade closed: target reached
Almost Target Reached
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Join My telegram Channel
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t.me/+H8GlkRY1oZVkNTJk
Free Forex Signals
t.me/Asher_Trader01
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.