📊 Technical Overview:
BTC Price: Currently slightly beneath the $52,000 to $53,800 resistance zone.
Anticipation: Price might stabilize or retrace to support levels.
Support Levels: $47,000 - $48,000, minor support near $46,000.
Upside Targets: $56,000, $58,000 upon turning resistance into support.
📉🚀 Trade Scenarios:
Stabilization/Retracement: May stabilize or retrace to support.
Support Turned Resistance: Watch for turning $52,000 - $53,800 into support.
Upside Potential: Targets at $56,000, $58,000 if resistance turns support.
🔄📊 Note: Monitor price action for confirmation and adjust strategy accordingly. 📈💡 #BTC #Bitcoin #CryptoTrading 🚀📊
BTC Price: Currently slightly beneath the $52,000 to $53,800 resistance zone.
Anticipation: Price might stabilize or retrace to support levels.
Support Levels: $47,000 - $48,000, minor support near $46,000.
Upside Targets: $56,000, $58,000 upon turning resistance into support.
📉🚀 Trade Scenarios:
Stabilization/Retracement: May stabilize or retrace to support.
Support Turned Resistance: Watch for turning $52,000 - $53,800 into support.
Upside Potential: Targets at $56,000, $58,000 if resistance turns support.
🔄📊 Note: Monitor price action for confirmation and adjust strategy accordingly. 📈💡 #BTC #Bitcoin #CryptoTrading 🚀📊
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.
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.