BTCUSDT Open Ways correction before another buying attempt
Bitcoin Technical Outlook Market is consolidating near this zone. A false breakdown below support has already occurred, attracting buyers back into the range.
Key Levels for watch :
1st Resistance 120,000
2nd Resistance : 123,000
if Price action is waiting for confirmation from potential Fed rate cuts. A rate cut would act as fundamental support for Bitcoin, possibly accelerating upside momentum. If price holds above 113,300–114,600, consolidation could lead to a breakout toward 120K → 123K. A clean breakdown below 113,300 would invalidate this support and may open the way for deeper correction before another buying attempt.
You May find more details in the chart.
Trade wisely best of Luck Buddies,
Ps; Support with like and comments for better analysis Thanks for Supporting.
Key Levels for watch :
1st Resistance 120,000
2nd Resistance : 123,000
if Price action is waiting for confirmation from potential Fed rate cuts. A rate cut would act as fundamental support for Bitcoin, possibly accelerating upside momentum. If price holds above 113,300–114,600, consolidation could lead to a breakout toward 120K → 123K. A clean breakdown below 113,300 would invalidate this support and may open the way for deeper correction before another buying attempt.
You May find more details in the chart.
Trade wisely best of Luck Buddies,
Ps; Support with like and comments for better analysis Thanks for Supporting.
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Join My telegram Channel
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Free Forex Signals
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t.me/AnalysisGold2
Free Forex Signals
t.me/Jamessignals11
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.