BBTC/USDT 1D Quick Analysis
Bitcoin is under pressure after rejecting the $112K–$113K resistance zone. It’s now testing key demand at
$ 101,000–$ 104,000.
If bulls defend this zone, a short-term bounce toward $ 107,000–$ 109,000 is possible.
But if $101K breaks, BTC may correct deeper toward $91K.
The structure has turned bearish.
Watch this demand zone closely.
DYRO, NFA
Bitcoin is under pressure after rejecting the $112K–$113K resistance zone. It’s now testing key demand at
$ 101,000–$ 104,000.
If bulls defend this zone, a short-term bounce toward $ 107,000–$ 109,000 is possible.
But if $101K breaks, BTC may correct deeper toward $91K.
The structure has turned bearish.
Watch this demand zone closely.
DYRO, NFA
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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.
Related publications
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.