BTCUSD Technical OutlookPrice is currently reacting from the ascending channel resistance near $104,900, signaling a potential channel reversal.
Fair Value Gap (FVG) observed from $98,800 to $97,200 – acting as a short-term retracement target.
First target: $97,200 (FVG Fill)
Second target: $87,000 – potential continuation if bearish momentum holds.
Watching Demand Zone at $83,100 for strong bullish interest or reversal signs.
Staying alert for price action confirmation.
#Bitcoin #CryptoAnalysis #BTC #PriceAction #FVG #TradingView
Trade active
BTCUSD Trade UpdateEntry triggered!
Price has touched the $104,900 resistance – our key sell zone has been activated.
Momentum looks strong to the downside now.
Watching the following target levels:
First target: $98,800–$97,200 (FVG zone)
Second target: $87,000
Demand zone to monitor: $83,100
Let’s see how price unfolds from here. Stay sharp!
#Bitcoin #CryptoTrades #BTCUSD #PriceAction #FVG #TechnicalAnalysis
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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.