🔹Bitcoin (BTC/USD) 30-Minute Chart Analysis
-▪️ Supply Zone Identified: Price has reacted to a resistance area around 88,752, where sellers previously took control.
-▪️ Bearish Structure: The market remains in a downtrend, with price rejecting the supply zone.
- ▪️Projected Movement: A possible retest of the supply zone before further downside towards the target area near 85,314.
-▪️ Key Levels:
- Resistance: 88,752 (Supply Zone)
- Support/Target: 85,314
▪️Conclusion:
Bitcoin is likely to remain bearish, with short opportunities near the supply zone and a potential move towards lower support levels.
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-▪️ Supply Zone Identified: Price has reacted to a resistance area around 88,752, where sellers previously took control.
-▪️ Bearish Structure: The market remains in a downtrend, with price rejecting the supply zone.
- ▪️Projected Movement: A possible retest of the supply zone before further downside towards the target area near 85,314.
-▪️ Key Levels:
- Resistance: 88,752 (Supply Zone)
- Support/Target: 85,314
▪️Conclusion:
Bitcoin is likely to remain bearish, with short opportunities near the supply zone and a potential move towards lower support levels.
😊Don't Forget To Hit The Like Button & Share Your Thoughts In Comments.
Trade active
trade activated from supply zone.Trade closed: target reached
Congratulations to bitcoin sellers , target achieved, enjoy now your profit. ( 88700-84700) .
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💸FREE FOREX Signals in Telegram : t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.