Bitcoin (BTC/USD) highlights price movement between a key resistance zone and a strong support level. Price has currently pushed back into the Fair Value Gap (FVG) zone near 94,600, setting up a potential short-term reversal.
The expectation shown on the chart is for price to react from the FVG/resistance area and move lower toward the support level, targeting around 92,947.
Key Technical Points:
- Resistance Zone: 95,500 -95,750
- FVG Area: Current price is testing imbalance at 94,600.
- Support Level: Strong demand zone near92,750.
- Target Projection: $92,947
Outlook: Price is likely to face selling pressure around the FVG and resistance zone, leading to a possible drop towards the support zone. Traders should monitor bearish confirmations for potential short opportunities.
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The expectation shown on the chart is for price to react from the FVG/resistance area and move lower toward the support level, targeting around 92,947.
Key Technical Points:
- Resistance Zone: 95,500 -95,750
- FVG Area: Current price is testing imbalance at 94,600.
- Support Level: Strong demand zone near92,750.
- Target Projection: $92,947
Outlook: Price is likely to face selling pressure around the FVG and resistance zone, leading to a possible drop towards the support zone. Traders should monitor bearish confirmations for potential short opportunities.
Would you also like me to create a short caption for posting this chart on social media?
best analysis about XAUUSD
t.me/joinchat/AZJsdrtmX78wZjQ0
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𝗰𝗼𝗻𝗳𝗶𝗿𝗺 𝗗𝗮𝗶𝗹𝘆 𝗽𝗿𝗼𝗳𝗶𝘁. on my analysis
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best analysis about XAUUSD
t.me/joinchat/AZJsdrtmX78wZjQ0
👉𝘀𝗮𝘃𝗲 𝘆𝗼𝘂𝗿 𝗲𝗾𝘂𝗶𝘁𝘆 WITH my signals
👉𝗠𝗮𝗸𝗲 𝘆𝗼𝘂 𝗰𝗮𝗽𝗶𝘁𝗮𝗹 𝘀𝗮𝗳𝗲
𝗰𝗼𝗻𝗳𝗶𝗿𝗺 𝗗𝗮𝗶𝗹𝘆 𝗽𝗿𝗼𝗳𝗶𝘁. on my analysis
t.me/joinchat/AZJsdrtmX78wZjQ0
t.me/joinchat/AZJsdrtmX78wZjQ0
👉𝘀𝗮𝘃𝗲 𝘆𝗼𝘂𝗿 𝗲𝗾𝘂𝗶𝘁𝘆 WITH my signals
👉𝗠𝗮𝗸𝗲 𝘆𝗼𝘂 𝗰𝗮𝗽𝗶𝘁𝗮𝗹 𝘀𝗮𝗳𝗲
𝗰𝗼𝗻𝗳𝗶𝗿𝗺 𝗗𝗮𝗶𝗹𝘆 𝗽𝗿𝗼𝗳𝗶𝘁. on my analysis
t.me/joinchat/AZJsdrtmX78wZjQ0
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.