📉 Recent Price Action:
Bitcoin has been in a downtrend, forming lower highs and lower lows. However, a downtrend trendline has been broken, signaling a potential reversal or at least a relief rally.
📌 Key Observations:
Fibonacci Levels: The price recently bounced from the 0.618 Fibonacci retracement level (~$81,051), a strong support zone.
Support Zone (~$82,325 - $83,700): Price is currently testing a previous resistance-turned-support level.
Liquidity Grab & Rebound: If BTC holds above $83,700, we could see a bullish push.
🚀 Potential Bullish Scenario:
If Bitcoin maintains support above $83,700, it could retest $86,500 - $89,500, aligning with key Fibonacci extension levels.
A strong break above $89,500 could push BTC toward the $91,000 - $92,500 supply zone (marked in blue).
⚠️ Bearish Risk:
Losing the $82,325 support could lead to another retest of the $79,000 level.
A rejection at $86,500 - $89,500 could bring consolidation before a clearer trend emerges.
Bitcoin has been in a downtrend, forming lower highs and lower lows. However, a downtrend trendline has been broken, signaling a potential reversal or at least a relief rally.
📌 Key Observations:
Fibonacci Levels: The price recently bounced from the 0.618 Fibonacci retracement level (~$81,051), a strong support zone.
Support Zone (~$82,325 - $83,700): Price is currently testing a previous resistance-turned-support level.
Liquidity Grab & Rebound: If BTC holds above $83,700, we could see a bullish push.
🚀 Potential Bullish Scenario:
If Bitcoin maintains support above $83,700, it could retest $86,500 - $89,500, aligning with key Fibonacci extension levels.
A strong break above $89,500 could push BTC toward the $91,000 - $92,500 supply zone (marked in blue).
⚠️ Bearish Risk:
Losing the $82,325 support could lead to another retest of the $79,000 level.
A rejection at $86,500 - $89,500 could bring consolidation before a clearer trend emerges.
Dagangan ditutup: sasaran tercapai
#btc #btcusdt #btcusd
pointed area touched
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.