Bitcoin is currently trading inside a strong supply zone (highlighted in blue), where we’ve already seen multiple rejections. This area aligns with visible volume resistance and historical distribution, suggesting sellers are stepping in aggressively.
📊 Key Observations:
Bearish Divergence forming across lower timeframes.
Loss of bullish momentum just below the $110,000 mark.
Volume profile shows strong distribution in the current zone.
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🔻 Bearish Targets to Watch:
1. $94,324 – First major support (previous resistance turned support).
2. $76,412 – Strong demand zone; historically a bullish reversal point.
3. Volume Gap between $90K and $80K could accelerate drop if $94K breaks.
🟥 Red arrows indicate high-probability zones where price may react or bounce.
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📅 Key Events Ahead:
🗓️ Upcoming U.S. economic news (highlighted below the chart) may trigger volatility.
👉 Keep an eye on FOMC and Jobs data – they’ve historically impacted BTC's direction.
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🧠 Strategy Outlook:
✅ Short Bias: If price fails to reclaim $110K convincingly, expect a correction.
🛑 Invalidation: Bullish continuation above $110,500 with volume.
---
🗣️ What’s Your Bias?
Do you think Bitcoin will hold above $100K or are we due for a healthy retracement?
👇 Comment below your outlook and trading plan. Let’s trade smart, not emotional!
📌 Follow me for more accurate setups and educational content!
#Bitcoin #BTCUSD #CryptoTrading #SupplyAndDemand #PriceAction #TechnicalAnalysis #BTCUpdate #CryptoNews #FOMC #SwingTrade
📊 Key Observations:
Bearish Divergence forming across lower timeframes.
Loss of bullish momentum just below the $110,000 mark.
Volume profile shows strong distribution in the current zone.
---
🔻 Bearish Targets to Watch:
1. $94,324 – First major support (previous resistance turned support).
2. $76,412 – Strong demand zone; historically a bullish reversal point.
3. Volume Gap between $90K and $80K could accelerate drop if $94K breaks.
🟥 Red arrows indicate high-probability zones where price may react or bounce.
---
📅 Key Events Ahead:
🗓️ Upcoming U.S. economic news (highlighted below the chart) may trigger volatility.
👉 Keep an eye on FOMC and Jobs data – they’ve historically impacted BTC's direction.
---
🧠 Strategy Outlook:
✅ Short Bias: If price fails to reclaim $110K convincingly, expect a correction.
🛑 Invalidation: Bullish continuation above $110,500 with volume.
---
🗣️ What’s Your Bias?
Do you think Bitcoin will hold above $100K or are we due for a healthy retracement?
👇 Comment below your outlook and trading plan. Let’s trade smart, not emotional!
📌 Follow me for more accurate setups and educational content!
#Bitcoin #BTCUSD #CryptoTrading #SupplyAndDemand #PriceAction #TechnicalAnalysis #BTCUpdate #CryptoNews #FOMC #SwingTrade
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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.