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Bitcoin is hunting for liquidity, What's next?📊 After attempting to break $100K, Bitcoin faced another rejection. What’s happening now? The SMA shows that Bitcoin is still in a short-term downtrend, struggling to gain momentum. Right now, it’s hovering around $96,400 – $96,500, trying to stabilize. The key support to watch is $94,400 – $94,600—if it holds, we could see a bounce. If not, things might get shaky. On the upside, Bitcoin needs to break $100K first before making a real move toward $103K and beyond. For now, all eyes are on the $94K support. Will BINANCE:BTCUSDT hold or dip lower? What do you think?
by MonoCoinSignal
4
FIL breaks out of triangle!📊 FIL recently broke out of a triangle pattern, gaining momentum as it moves toward the key $3.55 resistance. Key Levels to Watch: Resistance: $3.55 → Price is testing this level, and its reaction here will be crucial. Support: $3.14 → If the price faces rejection, this zone could act as strong support. SMA 9: $3.38 → Currently supporting the uptrend, showing short-term bullish momentum. For now, all eyes are on $3.55. If you have any thoughts, let me know.
by MonoCoinSignal
Is Tata Motors Ready for a Bullish Reversal?Timeframe: Daily Tata Motors (NSE) has been in an expanded flat correction pattern for the past 11 months. In this pattern, the highest high (HH) was 1179, and the lowest low (LL) was 683.2. Currently, the price is trading below the 200, 100, and 50 EMA levels, indicating a bearish trend. In this expanded flat correction: Wave (A) completed at 855.4, Wave (B) peaked at 1179, Sub-wave 4 of Wave (C) touched 786.65, Sub-wave 5 is now unfolding. Once Wave 5 is completed, traders can look for buying opportunities with target levels at 799 – 951 – 1050+. First, it’s crucial to identify the end of Wave (C) to confirm the correction’s completion and a bullish reversal. Projecting ending point of wave (C): Wave (C) may end at 2.618% of Wave (A) around 628.7. Wave 5 has multiple potential targets/support levels: 0.618 extension of Wave 1 at 526, 0.382 extension of Wave 1 at 628, 1.618 reverse Fibonacci of Wave 4 at 657, 2.618 reverse Fibonacci of Wave 4 at 562. We will update further information soon.
NSE:TATAMOTORS
by forextidings
SBUX - 6 months SYMMETRICAL TRIANGLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════
NASDAQ:SBUXLong
by TheArtOfCharting
7
#SPELLUSDT continuation of the downtrend📉 SHORT BYBIT:SPELLUSDT.P from $0.0009866 🛡 Stop Loss: $0.0010430 ⏱ 1H Timeframe ✅ Overview: ➡️ BYBIT:SPELLUSDT.P remains in a downtrend, forming lower highs and lower lows. The price failed to hold above $0.0010000, signaling weak buying momentum. ➡️ POC at $0.0010250 suggests that major volume accumulation is above the current price, reinforcing the bearish outlook. ➡️ If the price stays below $0.0009866, a continuation towards $0.0009485 and $0.0008901 is expected. ➡️ Volume remains moderate, indicating declining demand and a likely continuation of the downtrend. ⚡ Plan: 📉 Bearish Scenario: ➡️ Enter SHORT from $0.0009866 if price confirms rejection at resistance. ➡️ Risk management with Stop-Loss at $0.0010430, above key resistance. 🎯 TP Targets: 💎 TP1: $0.0009485 — first profit-taking level. 🔥 TP2: $0.0008901 — major support zone. 🚀 BYBIT:SPELLUSDT.P Expecting a continuation of the downtrend! 📢 BYBIT:SPELLUSDT.P remains under selling pressure. If the price holds below $0.0009866, further downside movement towards $0.0009485 and then $0.0008901 is expected. 📢 However, if the price reclaims $0.0010430, the bearish scenario could be invalidated, leading to a potential upward correction.
Short
by MoriartyTrading
#AIXBTUSDT continuation of the downtrend📉 SHORT BYBIT:AIXBTUSDT.P from $0.2255 🛡 Stop Loss: $0.2366 ⏱ 1H Timeframe ✅ Overview: ➡️ BYBIT:AIXBTUSDT.P continues its downtrend, forming lower highs and lower lows. ➡️ The price has broken the $0.2290 liquidity zone and is holding below it, signaling weak buying pressure. ➡️ If sellers maintain control at $0.2255, a drop towards $0.2040 is likely. ➡️ POC at $0.2566 suggests the main volume accumulation is above the current price, reinforcing the bearish outlook. ➡️ High volume on recent candles indicates selling pressure, which could accelerate the downtrend. ⚡ Plan: 📉 Bearish Scenario: ➡️ Enter SHORT from $0.2255 if price confirms a breakdown. ➡️ Risk management with Stop-Loss at $0.2366, above key resistance. 🎯 TP Target: 💎 TP1: $0.2040 — strong support and profit-taking zone. 📢 BYBIT:AIXBTUSDT.P is in a bearish phase. If the price holds below $0.2255, further downside movement towards $0.2040 is expected. 📢 However, if the price reclaims $0.2366, the bearish scenario could be invalidated, leading to a potential bullish correction. 🚀 BYBIT:AIXBTUSDT.P Expecting a continuation of the downtrend!
Short
by MoriartyTrading
Downtrend #BUZZUSDT📉 SHORT BYBIT:BUZZUSDT.P from $0.02640 🛡 Stop Loss: $0.03010 ⏱ 1H Timeframe ✅ Overview: ➡️ BYBIT:BUZZUSDT.P is in a strong downtrend, consistently forming new lower lows. The price continues to decline after rejecting $0.03584 (POC), confirming seller dominance. ➡️ The price is currently testing the $0.02700 support level, but given the overall trend, a further breakdown is likely. ➡️ If the $0.02640 level is broken and the price holds below it, a continuation toward $0.01999 is expected. ➡️ Volume is decreasing, indicating weak buyer support and a high probability of further downside. ⚡ Plan: 📉 Bearish Scenario: ➡️ Enter SHORT from $0.02640 if price confirms a breakdown. ➡️ Risk management with Stop-Loss at $0.03010, above the nearest resistance zone. 🎯 TP Target: 💎 TP1: $0.01999 — strong support and profit-taking zone. 🚀 BYBIT:BUZZUSDT.P Expecting a continuation of the downtrend! 📢 BYBIT:BUZZUSDT.P remains under selling pressure, and if the price breaks below $0.02640, further downside movement is likely. 📢 However, if the price reclaims $0.03010, the bearish scenario could be invalidated, leading to a potential bullish correction.
BYBIT:BUZZUSDT.PShort
by MoriartyTrading
#BERAUSDT Expecting a reversal and price drop📉 SHORT BYBIT:BERAUSDT.P from $5.635 🛡 Stop Loss: $6.380 ⏱ 1H Timeframe ✅ Overview: ➡️ BYBIT:BERAUSDT.P is facing strong resistance around $5.635, signaling a potential price reversal. ➡️ The $5.635 - $6.000 area has acted as a liquidity zone before, and if buyers start taking profits, a correction downward is likely. ➡️ The primary target for the decline is $4.145, a level where previous buy activity was observed. ➡️ Volume is starting to decline, indicating a potential shift from buyers to sellers. ⚡ Plan: 📉 Bearish Scenario: ➡️ Enter SHORT from $5.635 if the price fails to hold above resistance. ➡️ Risk management with Stop-Loss at $6.380, above key resistance. 🎯 TP Target: 💎 TP1: $4.145 — strong support and profit-taking zone. 🚀 BYBIT:BERAUSDT.P Expecting a reversal and price drop! 📢 After a strong upward move, BYBIT:BERAUSDT.P is approaching a potential reversal zone. If the price fails to hold above $5.635, a decline towards $4.145 is likely. 📢 However, if buyers manage to push the price above $6.000, the short scenario may be invalidated, leading to further bullish momentum.
Short
by MoriartyTrading
CADCHF Breaks Resistance After Falling Wedge BreakoutCADCHF is currently trading at 0.6360, with a target price of 0.7500, indicating a bullish outlook. The pair has completed a falling wedge breakout, a strong reversal pattern signaling a potential upward trend. This breakout suggests that selling pressure has weakened, allowing buyers to take control. Additionally, CADCHF is breaking a key resistance level, further confirming bullish momentum. A successful breakout above this resistance could lead to a price surge, targeting over 500 pips in gains. Traders should watch for volume confirmation to ensure the breakout is valid. A strong push above resistance with high volume increases the likelihood of sustained movement. Pullbacks or minor corrections may occur, but the overall trend remains bullish. Risk management strategies, including stop-loss placement, are essential to protect against unexpected reversals. Monitoring economic events affecting CAD and CHF will also help in assessing future price movements.
Long
by AndrewsMarket-Mastery
1
#BNXUSDT - Expecting price decline📉 SHORT BYBIT:BNXUSDT.P from $0.4377 🛡 Stop Loss: $0.4502 ⏱ 1H Timeframe ✅ Overview: ➡️ BYBIT:BNXUSDT.P experienced a sharp pump, but after reaching $0.4735, signs of buyer exhaustion appeared. ➡️ The $0.4377 level now acts as a key resistance area. If the price fails to hold above it, a downward move is expected. ➡️ POC at $0.3045 confirms a high-liquidity zone, which could serve as a deeper retracement target. ➡️ High volume on recent candles suggests profit-taking by buyers, increasing the probability of a decline. ⚡ Plan: ➡️ Enter SHORT from $0.4377 if the price confirms rejection at resistance. ➡️ Risk management through Stop-Loss at $0.4502, above key selling pressure. 🎯 TP Targets: 💎 TP1: $0.3941 — first profit-taking level. 🔥 TP2: $0.3600 — next major support zone. 🚀 BYBIT:BNXUSDT.P Expecting a reversal and price decline! 📢 After a sharp price surge, BYBIT:BNXUSDT.P is showing weakness around $0.4377. It’s crucial to monitor this level for potential rejection. 📢 If the price breaks below $0.3941, further downside movement is likely, targeting $0.3600. However, if the price climbs above $0.4502, the short scenario could be invalidated.
Short
by MoriartyTrading
1
NAS100USD and BTCUSD correlationJust been recapping on the SPXUSD and NAS100USD charts, both look like they could head lower in the short term at least. Not sure crypto has proven it can trade independently from that just yet, at least based on the short term. Plus if things get disorderly then everything could get wacked. I'll be monitoring my positions over the weekend (BTCUSD, HBAR, XRPUSD), but I may reduce them again irrespective of how crypto moves in anticipation of potential downside in the wider markets. Looking at the recent declines on NAS100USD compared to BTCUSD, BTCUSD tends to overperform to the downside in % terms, you can see the percentages on the charts of the past declines. The recent decline which has just started sees there NAS100USD declining by -1.76% and BTCUSD by -4%, no guarantee that pace will continue, but assuming NAS100USD declines to the first target area and BTCUSD matches the drop in % terms BTCUSD could be looking at $94,500 and if it overperforms then it could reach $90,000 which is a potential measured move target based on how the NAS100USD could decline. XRPUSD thread here which gives some background to recent positioning.
BITSTAMP:BTCUSD
by figureofspeech
#POPCATUSDT Expecting further bullish continuation📈 LONG BYBIT:POPCATUSDT.P from $0.2850 🛡 Stop Loss: $0.2760 ⏱ 1H Timeframe ✅ Overview: ➡️ BYBIT:POPCATUSDT.P is showing strong bullish movement, breaking above key resistance at $0.2778, confirming buying interest. ➡️ The $0.2778 - $0.2850 zone now acts as a support, and if the price holds above it, further upside is likely. ➡️ The first major resistance level is at $0.2900, followed by $0.2989 and $0.3100 if the momentum continues. ➡️ Volume remains high, indicating strong liquidity and potential for further growth. ⚡ Plan: ➡️ Enter LONG after confirming a breakout above $0.2850, reinforcing bullish momentum. ➡️ Risk management with Stop-Loss at $0.2760, below key support. ➡️ Key upside targets: 🎯 TP Targets: 💎 TP1: $0.2900 — first take-profit level. 🔥 TP2: $0.2989 — potential resistance. ⚡ TP3: $0.3100 — major upside target. 🚀 BYBIT:POPCATUSDT.P - Expecting further bullish continuation! ━━━━━━━━━━━━━━━━━━━━━━ 📢 BYBIT:POPCATUSDT.P is maintaining bullish momentum, and a breakout above $0.2850 could confirm further upside movement. 📢 Watch for price action at $0.2900, as this level might act as short-term resistance. 📢 If the price holds above $0.2989, a strong push towards $0.3100 is possible. However, a drop below $0.2760 would invalidate the bullish setup.
Long
by MoriartyTrading
728 - 7 months SYMMETRICAL TRIANGLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════
HKEX:728Long
by TheArtOfCharting
#BNBUSDT forecast for a long move📉 LONG BYBIT:BNBUSDT.P $589.70 🛡 Stop Loss: $588.50 ⏱ 1H Timeframe 📍 Overview: ➡️ BYBIT:BNBUSDT.P continues to move within an ascending channel, gradually recovering after a local correction. ➡️ P OC (Point of Control) at $588.10 indicates a high-interest zone, from which price has rebounded multiple times. ➡️ The key resistance zone is around $592.45 , where the first profit target is set. ➡️ Holding above the current level could trigger further upside movement towards $596.00, strengthening the bullish momentum. ⚡ Plan: ➡️ Considering a LONG entry at $589.70, with a Stop Loss at $588.50 . ➡️ A breakout above $592.45 will confirm buyer strength and pave the way for $596.00. ➡️ Increased volume at the current level suggests institutional interest, increasing the probability of scenario execution. 🎯 TP Targets: 💎 TP 1: $592.45 💎 TP 2: $596.00 📢 BYBIT:BNBUSDT.P maintains a bullish structure despite temporary pullbacks. 📢 Key focus should be on price action at $592.45 – a breakout here will solidify the bullish case. 📢 Monitoring volume dynamics is crucial – increased buying activity will reinforce the uptrend. 🚀 BYBIT:BNBUSDT.P remains strong – expecting a move towards $596.00 upon breakout of key levels!
Long
by MoriartyTrading
2
#ONDOUSDT expecting further upside📉 LONG BYBIT:ONDOUSDT.P from $1.4891 🛡 Stop Loss: $1.4667 ✅ Overview: ➡️ BYBIT:ONDOUSDT.P is trading in a consolidation range, forming a local support level around $1.3705. ➡️ POC (Point of Control) is at $1.3631 , indicating the area with the highest trading volume. ➡️ The price has broken a resistance zone and is now testing it as support, which could be a long entry signal. ➡️ If the asset holds above $1.4048, an upward move towards the next resistance levels is likely. ⚡ Plan: ➡️ Entering a long position at $1.4891 after confirming a hold above the key level of $1.4048. ➡️ Stop-loss is set at $1.4667 , below the recent support zone. ➡️ Expecting a bullish push with a target of $1.5699. 🎯 TP Targets: 💎 TP 1: $1.5699 – the first target level where partial profit-taking is recommended. 💎 TP 2: $1.6000 📢 BYBIT:ONDOUSDT.P shows signs of potential growth, but it’s crucial to monitor the $1.4048 level – a breakdown below could lead to further decline. 📢 Volume remains at an average level, indicating possible position accumulation before a move. 📢 To confirm a strong uptrend, price must hold above $1.4891 and successfully test the $1.5699 resistance level. 🚀 BYBIT:ONDOUSDT.P is shaping a bullish scenario — expecting a breakout and further upside!
Long
by MoriartyTrading
#BILLYUSDT expecting further decline!📉 SHORT BYBIT:BILLYUSDT.P from $0.00367 🛡 Stop Loss: $0.00390 ⏱ 1H Timeframe 📍 Overview: ➡️ BYBIT:BILLYUSDT.P continues to trend downward, forming new local lows. After retesting the $0.00387 zone, the price failed to hold and dropped again, confirming seller dominance. ➡️ POC (Point of Control) at $0.00475 shows the highest liquidity area, positioned above the current price. This confirms a bearish market sentiment, as major trading activity is still concentrated at higher levels. ➡️ A breakdown of support at $0.00367 strengthens the downtrend, opening the way toward $0.00336, where buyers previously showed interest. ➡️ If the price holds below $0.00367 , further downside movement is likely, with increasing sell pressure. ⚡ Plan: ➡️ Enter short after confirming a breakdown below $0.00367 , signaling further downside. ➡️ Risk management through Stop-Loss at $0.00390 , placed above the nearest resistance zone. ➡️ Primary downside target – $0.00336, where buyers may step in. 🎯 TP Targets: 💎 TP 1: $0.00336 🚀 BYBIT:BILLYUSDT.P remains weak — expecting further decline! 📢 BYBIT:BILLYUSDT.P remains in a strong downtrend with no signs of buyer recovery. If the $0.00367 level is broken with increasing volume, the decline may accelerate. 📢It's crucial to watch the reaction at $0.00336—if significant buying interest appears, a short-term bounce is possible. 📢However, in the long term, there are no clear reversal signals yet, and long positions should be approached with caution.
BShort
by MoriartyTrading
#TRUMPUSDT expecting further decline📉 SHORT BYBIT:TRUMPUSDT.P from $17.400 🛡 Stop Loss: $17.966 ⏱ 1H Timeframe 📍 Overview: ➡️ BYBIT:TRUMPUSDT.P is showing signs of weakness after forming local resistance. The price failed to hold above $17.966 , confirming seller pressure. ➡️ POC (Point of Control) is positioned above the current price, indicating that liquidity has already been distributed in the upper range, while demand zones are shifting lower. ➡️ The price tested $17.400 and started moving downward, reinforcing the bearish scenario. If this level breaks, a move toward $16.412 is likely, where demand was previously observed. ➡️ The $16.412 level may serve as a short-term bounce zone, so monitoring price reaction is crucial. ⚡ Plan: ➡️ Short entry after breaking $17.400 , confirming buyer weakness. ➡️ Risk management through Stop-Loss at $17.966 , placed above the nearest liquidity zone. ➡️ Primary downside target – $16.412 , where buyers may step in. 🎯 TP Targets: 💎 TP 1: $16.412 🚀 BYBIT:TRUMPUSDT.P continues to lose momentum — expecting further decline! 📢 BYBIT:TRUMPUSDT.P remains under pressure, and the current market structure suggests a potential continuation of the downtrend. If the asset breaks below $17.400, the decline may accelerate. 📢 It is crucial to monitor volume—if selling volume increases, the bearish trend will strengthen. 📢 However, the $16.412 level may act as a reversal zone, so partial profit-taking could be a smart strategy.
Short
by MoriartyTrading
3
Gold Forecast Update New ETH in GoldGold Price Analysis: The gold price has successfully reached our target level of $2808.20, marking a significant milestone in its upward trajectory. Moving forward, we'll be monitoring the price action closely to identify potential trading opportunities. Key Levels to Watch: Target: $2820.00 Target: $2840.00 Trading Strategy: Our analysis suggests that the gold price is poised for further gains, with a potential target of $2840.00. We recommend keeping a close eye on the price action and being prepared to take advantage of any trading opportunities that may arise. Technical Outlook: The gold price has been exhibiting a strong upward trend, driven by a combination of technical and fundamental factors. Our technical indicators suggest that the price is likely to continue its upward momentum in the short term. Conclusion: In conclusion, our analysis suggests that the gold price is likely to continue its upward trend in the short term, with a potential target of $2840.00. We recommend keeping a close eye on the price action and being prepared to take advantage of any trading opportunities that may arise. Thank you for reading! Please don't forget to: LIKE this post if you find it helpful! COMMENT below with your thoughts and feedback! Your engagement helps me create more accurate and helpful analysis! Happy Trading Journey 📈 Best wishes Tom 😎
OANDA:XAUUSDLong
by LegendaryTom
2
EDUCATION: Using RENKO Charts to Trade Crypto Like a ProRenko charts strip away the noise of traditional candlestick charts, making them a powerful tool for trading crypto. Instead of plotting price movements based on time, Renko charts focus purely on price changes, filtering out the wicks and erratic movements that make crypto trading so volatile. Why Use Renko for Crypto? Crypto markets never sleep, and their constant fluctuations can overwhelm traders. Renko simplifies this by helping you: Spot Trends Clearly – No distractions from minor price fluctuations. Reduce Market Noise – Filters out insignificant moves and focuses on real momentum. Identify Support & Resistance – Renko blocks highlight strong price levels better than traditional charts. How to Set Up Renko for Crypto Trading Choose an ATR-Based Brick Size – A 14 or 13-period ATR setting adapts to market volatility. Identify Key Levels – Look for trend reversals, double tops/bottoms, and support/resistance zones. Use Confirmation Indicators – Pair Renko with moving averages or RSI to confirm trades. Renko is a game-changer for crypto traders who want cleaner, more actionable charts. Have you tried trading crypto with Renko? Drop a comment and share your experience! 🚀 #CryptoTrading #RenkoCharts #Bitcoin
CRYPTO:SOLUSDEducation
by TLTurnerTV
GBPJPY Expected Growth! BUY! My dear friends, GBPJPY looks like it will make a good move, and here are the details: The market is trading on 190.78 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 192.09 Recommended Stop Loss - 190.04 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
BTC MARKET ANALYSIS (4H(TF)) | Bitcoin Update BTC Analysis (4-Hour Timeframe) As you can see on the chart, I’ve marked three key zones for BTC: Strong Resistance – The current market structure’s upper boundary. Central Zone – A critical area acting as a pivot point. Strong Support – The lower boundary of the current structure. Since breaking out of the 70-80 zone, BTC has established a new structure, which is clearly visible on the chart. Over the past few days, BTC has been circulating within this zone. Today, it tested the support level and showed a healthy reversal, which is a positive sign. This zone has historically acted as a strong support area, and the market has repeatedly reversed from here, as seen in the price action between 91,260 and 89,260. For now, BTC is respecting this support level and following the current structure. A breakdown below this zone could lead to a bearish move, but as of now, the support is holding strong. Central Zone: The Key Pivot Area The Central Zone is a crucial part of the current structure, acting as both support and resistance (SR/Rs interchange). It provides valuable insights into BTC’s price action, indicating when the price is likely to test resistance or support. Currently, BTC has faced minor rejection from the Central Zone. However, given the strong bounce from the support level, there’s a possibility that BTC could break through the Central Zone. If this happens, the price may move toward the resistance level again. Supply and Demand Dynamics From a supply and demand perspective, BTC is currently showing strong demand near the support level. This demand could push the price toward the resistance level. However, for this upward move to sustain, BTC needs to break the downtrend choch (swing high) between resistance and support. This break is likely to occur if the Central Zone is breached. If the Central Zone breaks, the demand could fully play out, and BTC may retest the resistance level. Needed Volume: A Critical Factor At the bottom of the chart, I’ve marked the “needed volume” level. This is an important area that cannot be ignored. For the needed volume to fill, the market might retrace lower. If the Central Zone breaks, the needed volume will likely fill after testing the resistance. However, if the Central Zone holds and rejects the price, BTC could retrace to fill the needed volume level. In this scenario, the market might also break the current structure, targeting the 89,000–91,000 zone. Summary : Two Possible Scenarios Bullish Scenario: The Central Zone breaks, and BTC moves toward the resistance level. Bearish Scenario: The Central Zone rejects the price, and BTC retraces to fill the needed volume level. These are the two primary scenarios to watch for. The market is currently straightforward, and no additional complexities are at play. Note: My goal is to simplify the chart and help you understand the price action clearly. I avoid overloading the chart with unnecessary indicators or creating confusion. My analysis focuses on keeping the chart clean and straightforward. Thank you!
by The_Chartist30