Resistance Tap at $86K:
Price tapped the descending trendline and horizontal resistance near ~$86k, which has historically acted as a strong supply zone
Correction Target Around $81K:
Yellow arrow suggests a potential pullback to retest prior breakout support at ~$81,553. This aligns with horizontal structure and previous demand.
Bearish Continuation Risk:
Failure to hold $81K could accelerate downside momentum toward the
73K support region at the triangle base.
Price tapped the descending trendline and horizontal resistance near ~$86k, which has historically acted as a strong supply zone
Correction Target Around $81K:
Yellow arrow suggests a potential pullback to retest prior breakout support at ~$81,553. This aligns with horizontal structure and previous demand.
Bearish Continuation Risk:
Failure to hold $81K could accelerate downside momentum toward the
73K support region at the triangle base.
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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.