BTC is sitting above a key level at $90,000 after rejecting from the 0.618 Fib, which aligned with the value area high and dynamic trendline resistance.
This confluence has pushed price back into an apex zone where consolidation is likely.
Key Points:
- Rejection at 0.618 Fibonacci + value area high
- Dynamic trendline continues to cap upside
- Price compressing inside an apex, watching for a break
What to Expect:
As long as dynamic resistance holds, BTC risks a decisive downside break once the apex completes. Bulls must reclaim resistance to shift momentum.
This confluence has pushed price back into an apex zone where consolidation is likely.
Key Points:
- Rejection at 0.618 Fibonacci + value area high
- Dynamic trendline continues to cap upside
- Price compressing inside an apex, watching for a break
What to Expect:
As long as dynamic resistance holds, BTC risks a decisive downside break once the apex completes. Bulls must reclaim resistance to shift momentum.
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Disclaimer
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Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
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.
