Bitcoin Testing Resistance with Potential Pullback Ahead

2 days ago

Key observations:

Range Breakout: Earlier, Bitcoin broke out of a consolidation zone (marked box), which triggered the recent upward move.

Resistance Zone: Price is hovering near the 5.15%–5.42% gain zone, where selling pressure has historically emerged.

Pullback Signal: The drawn arrow suggests a possible rejection at this resistance, pointing to a corrective move down toward the 3% zone.

Momentum Check: If BTC fails to hold above this resistance, a retracement is likely. However, a strong breakout could open the door toward 6% gains.

2 days ago

Trade active

running 120pips in my direction