BTC/USDT Technical Analysis BTC/USDT Technical Analysis | Approaching a Key Confluence Zone
As shown on the chart, Bitcoin has successfully reached our previous bullish targets. The price is now testing a critical resistance zone that could determine the next major move.
🟢 Bullish Scenario: Breakout Toward Key Levels
If BTC breaks above the current resistance, the next targets to watch are:
$106,596 – first resistance
$107,058 – major horizontal resistance
Descending trendline – dynamic resistance that has held strong in recent weeks
A clean breakout above the trendline may lead to further upside toward:
$107,902 and $108,008
These zones have historically acted as strong barriers, so price reaction here will be crucial.
🔻 Bearish Scenario: Rejection and Pullback
If BTC gets rejected at the current resistance, look for support at:
$104,740 – first area for a bounce
$104,146 – key support zone to hold for bulls
Failure to hold these levels could trigger further downside pressure.
📌 Summary
Bitcoin is at a critical intersection of horizontal and trendline resistance. A breakout could ignite a strong bullish move, while a rejection might bring another leg down.
📉 Wait for confirmation candles before entering.
🚀 If you find this helpful, smash that follow for more high-probability setups, clean charts, and daily updates. Let’s trade smart, not blind. 📈
