Price is approaching a key resistance zone around $106,300, aligned with the upper boundary of a rising channel. I’m watching for a possible rejection at this level, which could trigger a pullback toward the 
88K–$90K support area, as shown in the red box. If that fails, we may revisit lower demand zones around $73K. However, a confirmed breakout above $106K would invalidate the bearish scenario and suggest further bullish continuation.
Let’s see how price reacts near resistance.
88K–$90K support area, as shown in the red box. If that fails, we may revisit lower demand zones around $73K. However, a confirmed breakout above $106K would invalidate the bearish scenario and suggest further bullish continuation.Let’s see how price reacts near resistance.
Trade closed: target reached
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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.