Hello guys!
Bitcoin continues to move inside an ascending channel after testing the main resistance zone around $95,700. Price action shows a slight correction while respecting the channel structure. Despite a "fake divergence" appearing on the RSI, the main trend remains bullish as long as the $90,900 support holds.
✅ If buyers defend this zone, we could see another leg higher toward the channel top and beyond the main resistance.
⚠️ However, if $90,900 breaks down, it would signal weakness, and short opportunities could emerge with a target toward the $86,400 zone and lower.
Key Levels to Watch:
Bitcoin continues to move inside an ascending channel after testing the main resistance zone around $95,700. Price action shows a slight correction while respecting the channel structure. Despite a "fake divergence" appearing on the RSI, the main trend remains bullish as long as the $90,900 support holds.
✅ If buyers defend this zone, we could see another leg higher toward the channel top and beyond the main resistance.
⚠️ However, if $90,900 breaks down, it would signal weakness, and short opportunities could emerge with a target toward the $86,400 zone and lower.
Key Levels to Watch:
- Support: $90,900
- Resistance: $95,700
Trade active
Trade closed: target reached
The short position hit the target!
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
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.
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
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.