Bitcoin is trying to find support at 103K levels. We are likely to see a move until our previous support is now in the green. As long as 103K is maintained, 105.8. - It will want to rise up to the 105K range.
If a short confirmation structure is formed when it reaches the specified green area, the short idea can be evaluated up to 100K levels. When it comes to the green area in the analysis, it should be monitored closely. If the price moves to the red zone, short confirmation structures can be evaluated.
If Bitcoin resumes its downward movement from the red zone, the bearish target will be the blue lines in the analysis.
Not Investment Advice.
If a short confirmation structure is formed when it reaches the specified green area, the short idea can be evaluated up to 100K levels. When it comes to the green area in the analysis, it should be monitored closely. If the price moves to the red zone, short confirmation structures can be evaluated.
If Bitcoin resumes its downward movement from the red zone, the bearish target will be the blue lines in the analysis.
Not Investment Advice.
Trade active
Bitcoin has reached our red zone. Short confirmation structures can be examined if the price enters the red zone in a few hours. Bitcoin has high short liquidity at 106K levels.Also, the 106K dollar levels were previously followed as a support line. This area will now be followed as resistance. If BTC fails to cross the red zone in the analysis, it will start a decline towards the blue lines.
Not Investment Advice.
Trade closed: target reached
Bitcoin made a bearish move to the blue line target as we mentioned in the analysis. Congratulations to those who evaluated the analysis. WAGMI
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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.