Bitcoin is currently trading around $110,400, showing price action within a wedge pattern after multiple Breaks of Structure (BOS) and Change of Character (CHoCH) points.
🔹 Key Observations:
Price is respecting the upward trendline.
A wedge pattern is visible, signaling possible volatility ahead.
Resistance area: $118,000 – $120,000
Support zone: $100,000 – $102,000
Major support level: $90,000
📊 If BTC holds above the support zone, a retest toward the resistance area may follow. A failure below the support could open the way for deeper correction.
This analysis is based on chart structure and technical patterns only. Not financial advice. Always use proper risk management before entering trades
🔹 Key Observations:
Price is respecting the upward trendline.
A wedge pattern is visible, signaling possible volatility ahead.
Resistance area: $118,000 – $120,000
Support zone: $100,000 – $102,000
Major support level: $90,000
📊 If BTC holds above the support zone, a retest toward the resistance area may follow. A failure below the support could open the way for deeper correction.
This analysis is based on chart structure and technical patterns only. Not financial advice. Always use proper risk management before entering trades
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$ FOREX / GOLD / BTC | Real Trades,Real Result | Risk-managed strategiesn &VIP Signal {My Personal Entries} Join Telegram _ Trade smater ||
📬 Join Free Channel:
t.me/profitmagnetpro12
📬 Join Free Channel:
t.me/profitmagnetpro12
Related publications
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.