📊 Bitcoin (BTC/USDT) Technical Analysis | Back at Key Resistance
As seen on the chart, Bitcoin has once again returned to a major resistance zone — a level that has previously acted as a strong barrier to further upside. Price action here is critical and could define the next short-term move.
🟢 Bullish Scenario: Break and Rally
If BTC manages to break above this resistance, the next key levels to watch are:
$105,106 – initial resistance
$105,305 – stronger resistance that could act as a mid-term target
A clean breakout above these zones may trigger further upside momentum.
🔻 Bearish Scenario: Rejection and Pullback
If price gets rejected from this area again, we could see a short-term correction. Key support levels include:
$104,271 – first support on the way down
$103,948 – mid-range demand zone
$103,387 – next support if selling pressure builds
$102,600 – the main support level to hold for bulls
📌 Summary
Bitcoin is at a critical decision point. A breakout could trigger a bullish continuation, while a rejection might invite a deeper retracement. Watch for candle confirmation and volume reaction before entering a trade.
🔥 If you find value in these setups, follow me for daily clean charts, smart trade ideas, and real-time updates.
Let’s trade the market with logic — not hype. 🚀📈
As seen on the chart, Bitcoin has once again returned to a major resistance zone — a level that has previously acted as a strong barrier to further upside. Price action here is critical and could define the next short-term move.
🟢 Bullish Scenario: Break and Rally
If BTC manages to break above this resistance, the next key levels to watch are:
$105,106 – initial resistance
$105,305 – stronger resistance that could act as a mid-term target
A clean breakout above these zones may trigger further upside momentum.
🔻 Bearish Scenario: Rejection and Pullback
If price gets rejected from this area again, we could see a short-term correction. Key support levels include:
$104,271 – first support on the way down
$103,948 – mid-range demand zone
$103,387 – next support if selling pressure builds
$102,600 – the main support level to hold for bulls
📌 Summary
Bitcoin is at a critical decision point. A breakout could trigger a bullish continuation, while a rejection might invite a deeper retracement. Watch for candle confirmation and volume reaction before entering a trade.
🔥 If you find value in these setups, follow me for daily clean charts, smart trade ideas, and real-time updates.
Let’s trade the market with logic — not hype. 🚀📈
Trade closed: target reached
bullish target reached
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.
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.