Key observations:
Range Breakout: Earlier, Bitcoin broke out of a consolidation zone (marked box), which triggered the recent upward move.
Resistance Zone: Price is hovering near the 5.15%–5.42% gain zone, where selling pressure has historically emerged.
Pullback Signal: The drawn arrow suggests a possible rejection at this resistance, pointing to a corrective move down toward the 3% zone.
Momentum Check: If BTC fails to hold above this resistance, a retracement is likely. However, a strong breakout could open the door toward 6% gains.
📌 Conclusion:
Bitcoin is at a decision point. Rejection at resistance could bring a pullback toward 2.8%–3.0%, while a breakout above 5.4% would continue the bullish momentum.
Range Breakout: Earlier, Bitcoin broke out of a consolidation zone (marked box), which triggered the recent upward move.
Resistance Zone: Price is hovering near the 5.15%–5.42% gain zone, where selling pressure has historically emerged.
Pullback Signal: The drawn arrow suggests a possible rejection at this resistance, pointing to a corrective move down toward the 3% zone.
Momentum Check: If BTC fails to hold above this resistance, a retracement is likely. However, a strong breakout could open the door toward 6% gains.
📌 Conclusion:
Bitcoin is at a decision point. Rejection at resistance could bring a pullback toward 2.8%–3.0%, while a breakout above 5.4% would continue the bullish momentum.
Giao dịch đang hoạt động
running 120pips in my direction
Join My telegram channel Free:
t.me/tradewithmrdavid
💎
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned message in telegram for more information.
t.me/tradewithmrdavid
💎
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned message in telegram for more information.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Join My telegram channel Free:
t.me/tradewithmrdavid
💎
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned message in telegram for more information.
t.me/tradewithmrdavid
💎
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned message in telegram for more information.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.