BTCUSD daily chart shows price action respecting a rising trendline, following a successful breakout from previous pattern. This ascending trendline now acts as a key dynamic support and serves as a central guide for the medium-term bullish structure.
Currently, price is consolidating just below the $107,000 resistance area. There are two primary scenarios to consider:
Bullish Scenario:
A confirmed breakout and daily close above the $107,000 resistance could trigger another bullish leg, targeting the next level near $120,000.
Mild Bearish / Pullback Scenario:
If the price gets rejected again, it may retrace towards the ascending trendline around $95,000, which aligns with previous horizontal support and could serve as a solid buy-the-dip zone.
Trade Plan:
Currently, price is consolidating just below the $107,000 resistance area. There are two primary scenarios to consider:
Bullish Scenario:
A confirmed breakout and daily close above the $107,000 resistance could trigger another bullish leg, targeting the next level near $120,000.
Mild Bearish / Pullback Scenario:
If the price gets rejected again, it may retrace towards the ascending trendline around $95,000, which aligns with previous horizontal support and could serve as a solid buy-the-dip zone.
Trade Plan:
- Buy Entry Option 1: On a breakout above $107,000 → Target: $120,000
- Buy Entry Option 2: On a bounce from the trendline near $95,000
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.