Hello Traders! 👋
Bitcoin is currently trading around $109,200, showing a slight pullback after its strong bullish rally. On the weekly chart, BTC continues to respect the ascending channel, and the green support zone is acting as a key demand area.
🔑 Key Levels & Structure
Support Zone (Buyers’ Area): $105,000 – $110,000
Channel Support: Lower black trendline (dynamic support)
Upside Target: $120,000+ if the channel holds
Invalidation: A weekly close below $105,000 may shift momentum bearish
📊 Market Insight
Bitcoin is consolidating near the middle of the channel after hitting resistance at the upper band.
If buyers defend the green demand zone, BTC could rebound strongly toward the upper channel line, potentially breaking $120K in the coming weeks.
On the other hand, if price breaks below $105K, we could see a correction toward the $95K – $100K area before bulls re-enter.
📈 Strategy Idea
Bullish Bias: Look for long setups if BTC shows bullish reversal candles near $105K – $110K.
Target: $120K – $125K (upper channel).
Risk Management: Keep stops below $105K for safer entries.
🔥 Bitcoin’s long-term uptrend remains intact, but short-term volatility will test trader patience.
💬 What’s your BTC target before the next halving? Do you see $120K soon or a deeper correction first?
Drop your thoughts in the comments ⬇️, and don’t forget to hit 👍 if you found this analysis useful!
Bitcoin is currently trading around $109,200, showing a slight pullback after its strong bullish rally. On the weekly chart, BTC continues to respect the ascending channel, and the green support zone is acting as a key demand area.
🔑 Key Levels & Structure
Support Zone (Buyers’ Area): $105,000 – $110,000
Channel Support: Lower black trendline (dynamic support)
Upside Target: $120,000+ if the channel holds
Invalidation: A weekly close below $105,000 may shift momentum bearish
📊 Market Insight
Bitcoin is consolidating near the middle of the channel after hitting resistance at the upper band.
If buyers defend the green demand zone, BTC could rebound strongly toward the upper channel line, potentially breaking $120K in the coming weeks.
On the other hand, if price breaks below $105K, we could see a correction toward the $95K – $100K area before bulls re-enter.
📈 Strategy Idea
Bullish Bias: Look for long setups if BTC shows bullish reversal candles near $105K – $110K.
Target: $120K – $125K (upper channel).
Risk Management: Keep stops below $105K for safer entries.
🔥 Bitcoin’s long-term uptrend remains intact, but short-term volatility will test trader patience.
💬 What’s your BTC target before the next halving? Do you see $120K soon or a deeper correction first?
Drop your thoughts in the comments ⬇️, and don’t forget to hit 👍 if you found this analysis useful!
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✅JOIN FREE FOREX AND CRYPTO SIGNALS :
t.me/frankfxforextrade
✅ EXNESS:frankfxx.com/exness
✅ ICMARKETS:frankfxx.com/icmarkets
✅ XM:frankfxx.com/xm
t.me/frankfxforextrade
✅ EXNESS:frankfxx.com/exness
✅ ICMARKETS:frankfxx.com/icmarkets
✅ XM:frankfxx.com/xm
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.