BTCUSD | Testing Major Resistance Zone – Will Sellers Take Contr

is approaching a significant resistance zone. This zone has consistently acted as a key area of interest where sellers regained control, resulting in prior reversals. If the price confirms a rejection through bearish price action, such as wicks signaling rejection or bearish engulfing candles, I anticipate a move downward toward the $101,793 level.

However, if the price successfully breaks and holds above the zone, this would invalidate the bearish outlook and could open the door for further upside. Traders should monitor price action closely at this critical resistance area.

Trade active

Trade closed: target reached

Take Profit Hit

DanieIM

🟢 FREE Trading Signals: t.me/danielmtrading

🔥 Best BROKER - Get 20% Deposit BONUS - bit.ly/41UtANI

🔥 Best Crypto Exchange - Get 45% Deposit BONUS bit.ly/43MybTA

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.

DanieIM

🟢 FREE Trading Signals: t.me/danielmtrading

🔥 Best BROKER - Get 20% Deposit BONUS - bit.ly/41UtANI

🔥 Best Crypto Exchange - Get 45% Deposit BONUS bit.ly/43MybTA