Weak Breakout Above Resistance
The current move above the "SUPPORT ZONE" (previous resistance) appears shallow and indecisive.
Lack of strong bullish momentum or volume may indicate a false breakout, which could reverse quickly.
2. Rejection Wicks Near Key Levels
Multiple upper wicks (longer top shadows) in recent candles suggest seller presence near 106,500–107,000.
This is often an early signal of a potential price rejection.
3. Low Volume Rally
The recent price push is not supported by increasing volume, which weakens the credibility of the breakout.
A bull trap scenario could be forming, drawing longs in before price dumps below the support zone.
4. Support Zone Re-Test Could Fail
The support zone is thin and may not hold under renewed pressure.
A clean break below 105,000 would invalidate the bullish thesis and shift control to bears.
5. MACRO & SENTIMENTAL RISK
If market sentiment shifts (e.g., rate hike fears, equity market correction), Bitcoin may follow broader risk-off trends and fall toward 100,000 or even the high 90K levels.
📉 Bearish Scenario Projection:
Break below 105,000 = confirms weakness.
Next downside targets:
102,000 (bearish zone)
98,000 (prior range low)
Possibly lower toward 94,000–96,000 demand block
The current move above the "SUPPORT ZONE" (previous resistance) appears shallow and indecisive.
Lack of strong bullish momentum or volume may indicate a false breakout, which could reverse quickly.
2. Rejection Wicks Near Key Levels
Multiple upper wicks (longer top shadows) in recent candles suggest seller presence near 106,500–107,000.
This is often an early signal of a potential price rejection.
3. Low Volume Rally
The recent price push is not supported by increasing volume, which weakens the credibility of the breakout.
A bull trap scenario could be forming, drawing longs in before price dumps below the support zone.
4. Support Zone Re-Test Could Fail
The support zone is thin and may not hold under renewed pressure.
A clean break below 105,000 would invalidate the bullish thesis and shift control to bears.
5. MACRO & SENTIMENTAL RISK
If market sentiment shifts (e.g., rate hike fears, equity market correction), Bitcoin may follow broader risk-off trends and fall toward 100,000 or even the high 90K levels.
📉 Bearish Scenario Projection:
Break below 105,000 = confirms weakness.
Next downside targets:
102,000 (bearish zone)
98,000 (prior range low)
Possibly lower toward 94,000–96,000 demand block
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IF YOU WANT TO KILL GOLD MARKET SO JOIN OUR CHANNEL NOW
TP AND SL DAILY 100% CONFIRM SIGNAL 0 ℅ RISK
t.me/Master_Of_Goldd
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.
t.me/Master_Of_Goldd
IF YOU WANT TO KILL GOLD MARKET SO JOIN OUR CHANNEL NOW
TP AND SL DAILY 100% CONFIRM SIGNAL 0 ℅ RISK
t.me/Master_Of_Goldd
IF YOU WANT TO KILL GOLD MARKET SO JOIN OUR CHANNEL NOW
TP AND SL DAILY 100% CONFIRM SIGNAL 0 ℅ RISK
t.me/Master_Of_Goldd
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.