📌 Overview:
In this idea, I’m using Mirror Market Concepts (MMC) to break down Bitcoin’s current price behavior. MMC is a powerful way to spot repetitive price patterns, psychological zones, and mirrored moves that help us predict where the market might go next.
Let’s break down what this chart is really telling us. 👇
🔁 1. Mirror Market Concept in Play
MMC is all about symmetry. Think of it like looking into a mirror—what price did on the left side, it might repeat (or mirror) on the right side.
Look at the two rounded zones (highlighted in light blue ellipses). Price dipped into the support zone, formed a rounded bottom, and then shot up. A similar pattern is forming again on the right-hand side. This mirroring behavior gives us a clue that price could follow the same path upward again.
📉 2. Trendline Resistance – A Key Level
The chart shows a clear descending trendline that has been respected multiple times. Every time price tries to break above this line, it gets rejected. This tells us that sellers are still in control at that level.
Until this trendline is broken cleanly, bullish momentum remains capped. However, multiple tests of the trendline also indicate it's getting weaker, so a breakout might be coming.
🟪 3. Support Zone – Buyer’s Stronghold
See the purple shaded area near $108,400? That’s the support zone. Price bounced off this area several times, showing that buyers are defending this level.
This zone is important because:
If it holds, we can expect another upward push.
If it breaks, price could drop to the next support level (not shown here, but could be around $107,000–$107,500 based on structure).
🎯 4. Previous Target Hit – New Target Identified
Using MMC, we previously predicted a move up to around $110,800, and that target has been successfully hit (labeled as "Previous Target" in the chart).
Now, a new target zone is forming around $109,600–$109,800, marked on the right side of the chart. If price breaks above the trendline and central zone, this is the next likely destination.
🔵 5. Central Ellipse Zone – Compression Area
The blue ellipse on the right side represents a central zone—an area of price compression and indecision. In MMC, this is where price builds up energy before a move. It acts like a spring: the longer price consolidates here, the bigger the breakout move will be.
Right now, BTC is compressing in this central zone. This is a critical moment. The breakout direction from here could decide the short-term trend.
📊 Trade Plan Ideas:
🔹 Bullish Scenario:
Wait for a clean breakout above the trendline and central zone.
Look for a retest of the breakout area (confirmation).
Target the $109,600–$109,800 zone.
🔹 Bearish Scenario:
If price fails to break the trendline and drops below the support zone at $108,400…
We could expect a deeper pullback toward $107,000–$107,500.
🔹 Key Levels:
Resistance: $109,200 (trendline area), $109,800 (target zone)
Support: $108,400 (zone), $107,500 (next major support if broken)
📘 Final Thoughts:
This chart is a perfect example of how MMC (Mirror Market Concepts) can give us a visual roadmap of what price might do next. It’s not about guessing—it’s about recognizing the psychological patterns that repeat over and over in the markets.
Right now, Bitcoin is sitting at a decision point:
Break above the trendline = possible bullish continuation
Break below support = likely bearish shift
Watch the central zone closely—because the next big move could start from right there. 🔍
In this idea, I’m using Mirror Market Concepts (MMC) to break down Bitcoin’s current price behavior. MMC is a powerful way to spot repetitive price patterns, psychological zones, and mirrored moves that help us predict where the market might go next.
Let’s break down what this chart is really telling us. 👇
🔁 1. Mirror Market Concept in Play
MMC is all about symmetry. Think of it like looking into a mirror—what price did on the left side, it might repeat (or mirror) on the right side.
Look at the two rounded zones (highlighted in light blue ellipses). Price dipped into the support zone, formed a rounded bottom, and then shot up. A similar pattern is forming again on the right-hand side. This mirroring behavior gives us a clue that price could follow the same path upward again.
📉 2. Trendline Resistance – A Key Level
The chart shows a clear descending trendline that has been respected multiple times. Every time price tries to break above this line, it gets rejected. This tells us that sellers are still in control at that level.
Until this trendline is broken cleanly, bullish momentum remains capped. However, multiple tests of the trendline also indicate it's getting weaker, so a breakout might be coming.
🟪 3. Support Zone – Buyer’s Stronghold
See the purple shaded area near $108,400? That’s the support zone. Price bounced off this area several times, showing that buyers are defending this level.
This zone is important because:
If it holds, we can expect another upward push.
If it breaks, price could drop to the next support level (not shown here, but could be around $107,000–$107,500 based on structure).
🎯 4. Previous Target Hit – New Target Identified
Using MMC, we previously predicted a move up to around $110,800, and that target has been successfully hit (labeled as "Previous Target" in the chart).
Now, a new target zone is forming around $109,600–$109,800, marked on the right side of the chart. If price breaks above the trendline and central zone, this is the next likely destination.
🔵 5. Central Ellipse Zone – Compression Area
The blue ellipse on the right side represents a central zone—an area of price compression and indecision. In MMC, this is where price builds up energy before a move. It acts like a spring: the longer price consolidates here, the bigger the breakout move will be.
Right now, BTC is compressing in this central zone. This is a critical moment. The breakout direction from here could decide the short-term trend.
📊 Trade Plan Ideas:
🔹 Bullish Scenario:
Wait for a clean breakout above the trendline and central zone.
Look for a retest of the breakout area (confirmation).
Target the $109,600–$109,800 zone.
🔹 Bearish Scenario:
If price fails to break the trendline and drops below the support zone at $108,400…
We could expect a deeper pullback toward $107,000–$107,500.
🔹 Key Levels:
Resistance: $109,200 (trendline area), $109,800 (target zone)
Support: $108,400 (zone), $107,500 (next major support if broken)
📘 Final Thoughts:
This chart is a perfect example of how MMC (Mirror Market Concepts) can give us a visual roadmap of what price might do next. It’s not about guessing—it’s about recognizing the psychological patterns that repeat over and over in the markets.
Right now, Bitcoin is sitting at a decision point:
Break above the trendline = possible bullish continuation
Break below support = likely bearish shift
Watch the central zone closely—because the next big move could start from right there. 🔍
For Daily Trade Setups and Forecast: 📈 t.me/xauusdoptimizer
Premium Signals Fr33: 💯 t.me/xauusdoptimizer
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Premium Signals Fr33: 💯 t.me/xauusdoptimizer
🥰🥳🤩
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.
For Daily Trade Setups and Forecast: 📈 t.me/xauusdoptimizer
Premium Signals Fr33: 💯 t.me/xauusdoptimizer
🥰🥳🤩
Premium Signals Fr33: 💯 t.me/xauusdoptimizer
🥰🥳🤩
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.