Current Price: 109,277.00
Resistance Level: 115,365.34
Support Level: 108,007.30
🔎 Market Outlook:
BTC/USD is currently trading within a descending channel, showing signs of short-term bearish pressure. The market is testing a key support around 108,007.30.
If this support holds, we could see a bullish rebound, with upside potential towards the 115,365.34 resistance zone.
However, a break below 108,007.30 would confirm further downside pressure, possibly extending the decline toward lower support zones.
🎯 Trading Implications:
Bullish Scenario: Hold above 108,000 → potential rally toward 115,365.34.
Bearish Scenario: Break below 108,000 → opens door for deeper correction.
Resistance Level: 115,365.34
Support Level: 108,007.30
🔎 Market Outlook:
BTC/USD is currently trading within a descending channel, showing signs of short-term bearish pressure. The market is testing a key support around 108,007.30.
If this support holds, we could see a bullish rebound, with upside potential towards the 115,365.34 resistance zone.
However, a break below 108,007.30 would confirm further downside pressure, possibly extending the decline toward lower support zones.
🎯 Trading Implications:
Bullish Scenario: Hold above 108,000 → potential rally toward 115,365.34.
Bearish Scenario: Break below 108,000 → opens door for deeper correction.
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JOIN MY TELEGRAM CHANNEL
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.