BTC has reacted exactly as expected from the Reversal Area, bouncing back with significant strength. The price action suggests a potential move toward the $85K-$86K resistance zone, where we will look for a breakout or rejection confirmation.
📊 Technical Analysis:
Support Held: BTC respected the Reversal Area, leading to a bullish response.
Potential Trendline Break: The descending curve may soon be invalidated if BTC maintains momentum.
Key Resistance Ahead: The $85K-$86K zone is a supply area where sellers could step in.
🛠 Trading Plan:
📌 Bullish Case: A strong breakout above $86K could trigger a move toward $90K+.
📌 Bearish Case: A rejection could offer another buying opportunity near $78K-$80K.
📢 What’s your outlook? Comment below! Follow for timely market updates. 📈
#BTCUSDT #CryptoTrading #Bitcoin #TechnicalAnalysis #Crypto
📊 Technical Analysis:
Support Held: BTC respected the Reversal Area, leading to a bullish response.
Potential Trendline Break: The descending curve may soon be invalidated if BTC maintains momentum.
Key Resistance Ahead: The $85K-$86K zone is a supply area where sellers could step in.
🛠 Trading Plan:
📌 Bullish Case: A strong breakout above $86K could trigger a move toward $90K+.
📌 Bearish Case: A rejection could offer another buying opportunity near $78K-$80K.
📢 What’s your outlook? Comment below! Follow for timely market updates. 📈
#BTCUSDT #CryptoTrading #Bitcoin #TechnicalAnalysis #Crypto
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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.
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.