Bitcoin (BTC) is currently trading within the critical resistance zone between 94,000 and 96,000. A rejection from this zone could trigger a strong downside move.
Key support levels to watch:
93,881
90,572
87,401
84,230
81,228
If price breaks below these levels, we may see further bearish momentum towards the major support zone around 81,228, where a potential bounce could occur.
Plan:
Look for short setups if the price confirms rejection at the resistance zone. Place stop-loss orders slightly above the resistance area.
Set take-profit targets at the mentioned support levels.
Key support levels to watch:
93,881
90,572
87,401
84,230
81,228
If price breaks below these levels, we may see further bearish momentum towards the major support zone around 81,228, where a potential bounce could occur.
Plan:
Look for short setups if the price confirms rejection at the resistance zone. Place stop-loss orders slightly above the resistance area.
Set take-profit targets at the mentioned support levels.
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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.
Get Accurate Forex & Gold Signals Daily!
Join our trusted trading team with real-time insights and expert support.
Start your winning journey now
Join our trusted trading team with real-time insights and expert support.
Start your winning journey now
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.