Bitcoin is currently trading near a strong support zone ($104,000–$102,500), which has previously acted as a major accumulation area.
From a technical perspective, BTC seems to be completing the final leg of a correction phase, and I’m expecting a possible bounce from this region toward the upper resistance levels.
I’m taking a long position from current levels ($104,453) with an expectation of a short-term recovery.
My target zone lies near the next resistance area around $112,000, where I’ll look to book partial or full profit and re-analyze the market structure for the next move.
On the 4H chart, BTC appears to be forming the micro wave 5 of the main corrective wave C, which usually signals the end of a downtrend phase.
If the price holds above the PRZ, we could see a strong reversal in the coming sessions.
⚠️ Risk Note:
If BTC breaks below $101,900 with strong momentum, it could invalidate the long setup, and further downside might continue — avoid adding fresh longs below this level.
This is just my analysis idea — not financial advice.
From a technical perspective, BTC seems to be completing the final leg of a correction phase, and I’m expecting a possible bounce from this region toward the upper resistance levels.
I’m taking a long position from current levels ($104,453) with an expectation of a short-term recovery.
My target zone lies near the next resistance area around $112,000, where I’ll look to book partial or full profit and re-analyze the market structure for the next move.
On the 4H chart, BTC appears to be forming the micro wave 5 of the main corrective wave C, which usually signals the end of a downtrend phase.
If the price holds above the PRZ, we could see a strong reversal in the coming sessions.
⚠️ Risk Note:
If BTC breaks below $101,900 with strong momentum, it could invalidate the long setup, and further downside might continue — avoid adding fresh longs below this level.
This is just my analysis idea — not financial advice.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.