BTC/USDT: A Potential Bullish Reversal From Key Demand Zone

8 Jan

hello guys!
let's analysis btc

Resistance:

• $98,450 (immediate resistance, recent structure level).
  
• $102,800 - $104,000 (strong supply zone and Fibonacci confluence).
  

Support:

• $95,000 (demand zone).
  
• $92,000 (last significant swing low).
  

Bullish Scenario:
If BTC can hold and reverse from the $94,000 - $95,000 demand zone, a bullish move could potentially retest the $98,450 resistance. A break above this level would pave the way for a rally towards the $102,800 supply zone, with an ultimate target near $104,000.

Bearish Scenario:
Failure to maintain support within the demand zone could lead to a deeper pullback towards $92,000, which is the next major area of interest for buyers. A break below this level might invalidate the bullish outlook and signal further downside.
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Conclusion:
BTC is in a pivotal phase, and the $94,000 - $95,000 zone will be critical for the next move. Watch for bullish price action signals (such as engulfing candles or bullish divergences) in this area before considering any long positions. A bounce from this level could lead to a new attempt to break the $100,000 psychological barrier. Conversely, a failure to hold support might indicate further weakness.

8 Jan

Dagangan aktif

the long position has been activated!