Bitcoin (BTC/USDT) Technical Analysis | Pressure Builds Below Trendline
As outlined in the previous analysis, BTC dropped sharply after rejecting both a key horizontal resistance and the descending trendline (green). The price has now reached the orange support zone, and volatility is picking up.
🔻 Bearish Scenario: Breakdown Potential
As long as Bitcoin remains below the descending green trendline, the bearish bias stays intact. If the orange support breaks to the downside, watch for the next key levels:
$103,879 – short-term support
$103,286 – deeper support with price reaction potential
$102,600 – major demand zone
This could open the door to a broader correction.
🟢 Bullish Scenario: Breakout Attempts
On the flip side, if BTC breaks above the pink resistance zone, a short-term recovery may begin. Key upside levels to watch include:
The green descending trendline
$105,305 and $105,650 – important resistance clusters
A confirmed breakout could shift momentum back to the bulls.
📌 Summary
BTC is at a critical crossroad. A breakout or breakdown from current levels could define the next leg.
📊 Wait for candle confirmation and volume reaction before entering.
💥 If you found this breakdown helpful, smash that follow button for clean, real-time setups — no noise, just sharp trades.
📈 Let’s grow your trading game together!
As outlined in the previous analysis, BTC dropped sharply after rejecting both a key horizontal resistance and the descending trendline (green). The price has now reached the orange support zone, and volatility is picking up.
🔻 Bearish Scenario: Breakdown Potential
As long as Bitcoin remains below the descending green trendline, the bearish bias stays intact. If the orange support breaks to the downside, watch for the next key levels:
$103,879 – short-term support
$103,286 – deeper support with price reaction potential
$102,600 – major demand zone
This could open the door to a broader correction.
🟢 Bullish Scenario: Breakout Attempts
On the flip side, if BTC breaks above the pink resistance zone, a short-term recovery may begin. Key upside levels to watch include:
The green descending trendline
$105,305 and $105,650 – important resistance clusters
A confirmed breakout could shift momentum back to the bulls.
📌 Summary
BTC is at a critical crossroad. A breakout or breakdown from current levels could define the next leg.
📊 Wait for candle confirmation and volume reaction before entering.
💥 If you found this breakdown helpful, smash that follow button for clean, real-time setups — no noise, just sharp trades.
📈 Let’s grow your trading game together!
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.