Key Levels Highlighted:
Short-Term Resistance Zone: Around $107,000 — this is where a reversal is anticipated.
Support/Target Zones:
Target 1: ~$103,100
Target 2: ~$100,730
---
Bearish Outlook:
The chart clearly shows a bearish projection:
Anticipated short-term bullish retracement to around $107K.
Followed by a significant downward movement toward:
Target 1 (~$103,100) — possibly a first support/test level.
Target 2 (~$100,730) — deeper bearish target.
---
Conclusion:
This is a short-term bearish forecast after a potential relief rally. It seems the analyst expects a “lower high” to form around $107,000, which will likely act as resistance before further selling pressure pushes BTC down to retest lower support levels.
Note: Always combine such chart projections with risk management and confirmation signals before making trading decisions.
Would you like me to convert this projection into a trading plan (entry, stop-loss, targets)?
Short-Term Resistance Zone: Around $107,000 — this is where a reversal is anticipated.
Support/Target Zones:
Target 1: ~$103,100
Target 2: ~$100,730
---
Bearish Outlook:
The chart clearly shows a bearish projection:
Anticipated short-term bullish retracement to around $107K.
Followed by a significant downward movement toward:
Target 1 (~$103,100) — possibly a first support/test level.
Target 2 (~$100,730) — deeper bearish target.
---
Conclusion:
This is a short-term bearish forecast after a potential relief rally. It seems the analyst expects a “lower high” to form around $107,000, which will likely act as resistance before further selling pressure pushes BTC down to retest lower support levels.
Note: Always combine such chart projections with risk management and confirmation signals before making trading decisions.
Would you like me to convert this projection into a trading plan (entry, stop-loss, targets)?
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📢 Join On Telegram For Best Signals
t.me/+XJFIyQXH1yVlNWI0
t.me/+XJFIyQXH1yVlNWI0
t.me/+XJFIyQXH1yVlNWI0
t.me/+XJFIyQXH1yVlNWI0
t.me/+XJFIyQXH1yVlNWI0
t.me/+XJFIyQXH1yVlNWI0
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.