Bitcoin is approaching a major trendline resistance after a strong rally.
At this stage, I see two possible scenarios:
1️⃣ Scenario 1 (More Likely):
Price could reject from this resistance zone, triggering a pullback toward the lower blue trendline support. This move would sweep liquidity, reset the market, and set up the next bullish leg.
2️⃣ Scenario 2:
If bulls manage to break above the resistance without a deeper pullback, we could see a continuation toward new all-time highs around 114k.
However, given the extended rally and weakening momentum, a correction first seems more natural.
⚡ I'm watching for reaction around the resistance and the orange zones for confirmation.
Patience is key — no need to chase!
At this stage, I see two possible scenarios:
1️⃣ Scenario 1 (More Likely):
Price could reject from this resistance zone, triggering a pullback toward the lower blue trendline support. This move would sweep liquidity, reset the market, and set up the next bullish leg.
2️⃣ Scenario 2:
If bulls manage to break above the resistance without a deeper pullback, we could see a continuation toward new all-time highs around 114k.
However, given the extended rally and weakening momentum, a correction first seems more natural.
⚡ I'm watching for reaction around the resistance and the orange zones for confirmation.
Patience is key — no need to chase!
📊 Free Telegram Channel (No signals — just pure analysis & trade ideas):
🔗 t.me/moe_erekat
🎯 Interested in 1-on-1 Mentorship?
Let’s talk: t.me/MoeErekat
🔗 t.me/moe_erekat
🎯 Interested in 1-on-1 Mentorship?
Let’s talk: t.me/MoeErekat
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📊 Free Telegram Channel (No signals — just pure analysis & trade ideas):
🔗 t.me/moe_erekat
🎯 Interested in 1-on-1 Mentorship?
Let’s talk: t.me/MoeErekat
🔗 t.me/moe_erekat
🎯 Interested in 1-on-1 Mentorship?
Let’s talk: t.me/MoeErekat
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.