Bitcoin has just shown a clear rejection from the high-volume supply zone at ~$109,200, marked by strong sell pressure and a visible drop in momentum. 📊
💡 Key Observations:
Supply Zone: $108,900–$109,400 (Price stalled and reversed from this area)
Support Levels to Watch:
🔵 $105,416 – Mid-range level, possible short-term support
🔵 $101,481 – Major demand zone from previous consolidation
Demand Zone Highlight: Around $101,000–$100,000 – high probability bounce area with historical buying interest
📉 Bias: Bearish short-term unless price reclaims $109,500 with volume.
🚨 Trade Idea (Not financial advice):
Sell below $108,800
TP1: $105,400
TP2: $101,500
SL: Above $109,500
🔄 Volume dropping, sellers in control, and a clean range is forming. Watch for a break below $105k for confirmation of the downside move.
⚡️Note the lightning icon at the bottom – this could signal a potential high-impact move or liquidity sweep coming soon.
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📍 Chart: BTC/USD 15M | Supply & Demand Zones [LuxAlgo] 🔧 Tools: LuxAlgo S&D, Volume Profile
#Bitcoin #BTC #CryptoTrading #SupplyAndDemand #LuxAlgo #PriceAction #BTCAnalysis #BTCUSD #DayTrading #CryptoTA #TechnicalAnalysis #Scalping #Bearish #ShortBTC
💡 Key Observations:
Supply Zone: $108,900–$109,400 (Price stalled and reversed from this area)
Support Levels to Watch:
🔵 $105,416 – Mid-range level, possible short-term support
🔵 $101,481 – Major demand zone from previous consolidation
Demand Zone Highlight: Around $101,000–$100,000 – high probability bounce area with historical buying interest
📉 Bias: Bearish short-term unless price reclaims $109,500 with volume.
🚨 Trade Idea (Not financial advice):
Sell below $108,800
TP1: $105,400
TP2: $101,500
SL: Above $109,500
🔄 Volume dropping, sellers in control, and a clean range is forming. Watch for a break below $105k for confirmation of the downside move.
⚡️Note the lightning icon at the bottom – this could signal a potential high-impact move or liquidity sweep coming soon.
---
📍 Chart: BTC/USD 15M | Supply & Demand Zones [LuxAlgo] 🔧 Tools: LuxAlgo S&D, Volume Profile
#Bitcoin #BTC #CryptoTrading #SupplyAndDemand #LuxAlgo #PriceAction #BTCAnalysis #BTCUSD #DayTrading #CryptoTA #TechnicalAnalysis #Scalping #Bearish #ShortBTC
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