The chart you've shared shows a **Bitcoin (BTC/USDT) daily timeframe** analysis with the following key points: TradeWithMky more than 91% winrate Live in Tradingview ! TradeWithMky 1. **Price Rejection from Supply Zone**: The price has been rejected from a strong daily supply zone around $65,000, with a visible bearish trend forming. 2. **Next Potential Support Zone**: The price is predicted to test a blue demand zone around the $58,500-$59,000 range, marked as "Unbeatable in first touch." 3. **Expected Reversal**: After touching this demand zone, a possible reversal is anticipated, with a bullish projection drawn in the form of a zigzag pattern.
### Agreement: I mostly agree with this analysis as it reflects common technical patterns of rejection from resistance and potential reversal from support. The prediction of a reversal upon hitting the demand zone makes sense based on previous behavior, although market conditions or news could disrupt this. AI opinion about this BLUE Area !
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