Bitcoin printed a false breakout above 123,218 USDT, followed by strong rejection.
The ascending trendline from April is now lost, confirming a shift in momentum.
With structure weakening and sellers in control, I expect price to gravitate toward the 104K–108K demand zone in the coming sessions.
Only a decisive reclaim above 123,218 USDT would challenge this view.
Conclusion📝: Based on current structure and momentum, I believe Bitcoin is likely heading toward the 104K–108K region. That said, no analysis is a crystal ball — markets are inherently uncertain, and while probabilities favor downside, nothing can be predicted with absolute certainty.
The ascending trendline from April is now lost, confirming a shift in momentum.
With structure weakening and sellers in control, I expect price to gravitate toward the 104K–108K demand zone in the coming sessions.
Only a decisive reclaim above 123,218 USDT would challenge this view.
Conclusion📝: Based on current structure and momentum, I believe Bitcoin is likely heading toward the 104K–108K region. That said, no analysis is a crystal ball — markets are inherently uncertain, and while probabilities favor downside, nothing can be predicted with absolute certainty.
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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.