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🧠 BTC/USDT – Daily Market Structure Analysis | Critical Decision Point Bitcoin is currently sitting at a crucial decision zone around the $105K level, right after breaking its bullish trendline to the downside. This structural break has already formed a Lower Low (LL), raising the possibility of a deeper correction unless bulls step in strongly from the current...
Currently, the price is consolidating around the $3.10 level, testing a key resistance zone at $3.164, which has yet to be decisively broken. This level now serves as a significant short-term resistance. 🔹 Bullish Scenario (LONG Opportunity): If the price manages to break above the $3.164 resistance with strong momentum and confirms the breakout through a...
📉 Current Market Overview: Bitcoin price rejected from the resistance zone around 103,656 and is currently retracing within a short-term ascending channel. However, this upward move appears corrective, while the broader market structure remains bearish. 📊 Market Structure Breakdown: Price has broken down from the ascending channel, signaling weakness from the...
The chart reveals a classic Head and Shoulders pattern formation, signaling a potential bearish reversal in the current trend. This is a well-known structure used by traders to anticipate market turnarounds after an uptrend. 🧩 Pattern Structure: Left Shoulder, Head, Right Shoulder: Clearly defined, suggesting the exhaustion of bullish momentum. Neckline Break:...
The price is currently moving within a clear range between 644.55 (support) and 660.12 (resistance). After multiple rejections from both sides, market participants are waiting for a breakout or fakeout to determine the next move. 🔴 Fakeout Scenario (Bullish Trap Reversal): A potential liquidity grab below the range (fake breakdown) could trap sellers around...