Key Zones Highlighted:
🟥 Recent ATH and Resistance Level (~$111,000 - $112,000)
The price recently tested this area, forming a new All-Time High (ATH).
This zone has acted as a major resistance, causing a pullback.
A break and close above this range would indicate bullish continuation.
🟩 Support Zone (~$105,000 - $106,000)
Price previously bounced from this zone.
Currently acting as a mid-level demand/support.
Likely to be tested again if bearish pressure continues.
🟩 Strong Supply Zone (~$102,000 - $103,500)
A more significant support area, where previous buying pressure emerged strongly.
If the upper support fails, this becomes the next possible bounce zone.
Price Action and Projection:
Price is currently at $108,209 and moving within a correction phase.
Two potential scenarios are highlighted on the chart:
Bullish Continuation:
Price rebounds from current level (black circle) and breaks above the resistance zone.
Targets new highs beyond $112,000.
Bearish Pullback:
Price fails to sustain above current level and dips into the support zone (~$105K).
If strong buying interest appears, a bounce back to the ATH zone is expected.
Technical Outlook:
Ichimoku Cloud: Price is testing the Kumo (cloud), indicating neutral to slight bearish momentum.
Volume: Slight uptick in volume during the recent drop suggests sell pressure is increasing.
Structure: Price is forming a higher high and potentially a higher low, maintaining a bullish structure as long as support holds.
Conclusion:
BTC is in a critical zone with mixed signals. A decisive move from the current level will likely set the tone for the next 24–48 hours. Watch:
A bounce at ~$108K for bullish continuation,
A dip toward $105K for potential re-entry opportunities.
Let me know if you’d like trade setup suggestions based on this.
🟥 Recent ATH and Resistance Level (~$111,000 - $112,000)
The price recently tested this area, forming a new All-Time High (ATH).
This zone has acted as a major resistance, causing a pullback.
A break and close above this range would indicate bullish continuation.
🟩 Support Zone (~$105,000 - $106,000)
Price previously bounced from this zone.
Currently acting as a mid-level demand/support.
Likely to be tested again if bearish pressure continues.
🟩 Strong Supply Zone (~$102,000 - $103,500)
A more significant support area, where previous buying pressure emerged strongly.
If the upper support fails, this becomes the next possible bounce zone.
Price Action and Projection:
Price is currently at $108,209 and moving within a correction phase.
Two potential scenarios are highlighted on the chart:
Bullish Continuation:
Price rebounds from current level (black circle) and breaks above the resistance zone.
Targets new highs beyond $112,000.
Bearish Pullback:
Price fails to sustain above current level and dips into the support zone (~$105K).
If strong buying interest appears, a bounce back to the ATH zone is expected.
Technical Outlook:
Ichimoku Cloud: Price is testing the Kumo (cloud), indicating neutral to slight bearish momentum.
Volume: Slight uptick in volume during the recent drop suggests sell pressure is increasing.
Structure: Price is forming a higher high and potentially a higher low, maintaining a bullish structure as long as support holds.
Conclusion:
BTC is in a critical zone with mixed signals. A decisive move from the current level will likely set the tone for the next 24–48 hours. Watch:
A bounce at ~$108K for bullish continuation,
A dip toward $105K for potential re-entry opportunities.
Let me know if you’d like trade setup suggestions based on this.
Trade active
Starting a long trade for short time from here Note
still holding my buy position and 500+pips running in profitsNote
boom boom 300+pips profit bookedTrade closed: target reached
1000+pips profit booked almost target achieved 
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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.
Related publications
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.