Bitcoin Price Action: Key Levels to Watch for the Next Rally
Bitcoin's price action continues to develop within a well-defined Wave structure, currently positioned at Wave 4, which has retraced into the Primary Demand Zone (Immediate BB Zone).
This confluence with the ascending trendline strengthens the probability of a bullish reversal. Wave 3 completed at a key resistance area (External Supply Zone - Crucial Resistance), while the corrective Wave 4 retracement found support at the Primary Demand Zone, aligning with the ascending trendline.
A deeper correction towards the Secondary Demand Zone remains a potential scenario if rejection occurs.
A successful breakout from the trendline and supply zone could confirm Wave 5 expansion, with an initial target aligning with 119,591.2 USDT (200% extension) and the final projected target at 143,788.8 USDT (261.8% Fibonacci extension).
"If you are scared to BUY BTC, then wait for price to breakout from this TL and Long the pullback.
" Confirmation above the trendline signals continuation towards supply levels, while rejection could push BTC to retest 86,781 USDT or lower demand zones.
A well-executed strategy, centered around key demand zones and breakout confirmations, will not only enhance precision but also unlock high-probability trade opportunities as Bitcoin gears up for its next explosive move.
This confluence with the ascending trendline strengthens the probability of a bullish reversal. Wave 3 completed at a key resistance area (External Supply Zone - Crucial Resistance), while the corrective Wave 4 retracement found support at the Primary Demand Zone, aligning with the ascending trendline.
A deeper correction towards the Secondary Demand Zone remains a potential scenario if rejection occurs.
A successful breakout from the trendline and supply zone could confirm Wave 5 expansion, with an initial target aligning with 119,591.2 USDT (200% extension) and the final projected target at 143,788.8 USDT (261.8% Fibonacci extension).
"If you are scared to BUY BTC, then wait for price to breakout from this TL and Long the pullback.
" Confirmation above the trendline signals continuation towards supply levels, while rejection could push BTC to retest 86,781 USDT or lower demand zones.
A well-executed strategy, centered around key demand zones and breakout confirmations, will not only enhance precision but also unlock high-probability trade opportunities as Bitcoin gears up for its next explosive move.
Dagangan aktif
Bitcoin continues to consolidate within the symmetrical triangle, respecting both the ascending trendline support and the descending resistance. A breakout above this structure could validate bullish continuation, while failure to hold support may expose the demand area for deeper accumulation.
Nota
price visit the immediate demand zoneNota
BTC still holding the primary demand area to confirm the bottom zone for proposed wave 4.
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📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
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.