BTCUSDT This is a 12-hour Bitcoin/USDT chart, showing a potential short-term bearish correction followed by bullish continuation. Key highlights:
๐๐ซ๐๐๐ซ ๐๐ฅ๐จ๐๐ค๐ฌ
102โ103k zone: Major bullish order block; potential strong demand area
104.2โ106.4k zone: Minor order block; price might react here first.
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Price could retrace to 104.2โ106.4k, bounce, or dip deeper into 102โ103k before rallying
๐๐จ๐ฅ๐ฎ๐ฆ๐: Decreasing volume suggests weakening momentum, increasing likelihood of a pullback before resumption
Overall, chart suggests a bullish bias with possible retracement into demand zones before targeting the weak high
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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.