Hi!
Bitcoin is showing short-term weakness after failing to hold above the recent high. Price is currently trading below the local resistance area, suggesting a corrective pullback rather than continuation.
The highlighted demand zone around 90.4K–90.9K is a key area to watch. This level previously acted as resistance and was later flipped into support.
Key Levels:
• Resistance: 93.1K–94.4K
• Demand / Support: 90.4K–90.9K
Downside Target:
• 90,500 (primary demand zone)
As long as price remains below resistance, a deeper retracement into demand is likely. Reaction at support will determine the next directional move.
Bitcoin is showing short-term weakness after failing to hold above the recent high. Price is currently trading below the local resistance area, suggesting a corrective pullback rather than continuation.
The highlighted demand zone around 90.4K–90.9K is a key area to watch. This level previously acted as resistance and was later flipped into support.
Key Levels:
• Resistance: 93.1K–94.4K
• Demand / Support: 90.4K–90.9K
Downside Target:
• 90,500 (primary demand zone)
As long as price remains below resistance, a deeper retracement into demand is likely. Reaction at support will determine the next directional move.
Trade active
close 60% of it here in 1000 pips profit!Note
Trade closed: target reached
Proud ThinkMarkets Ambassador -> Discover & Grow: bit.ly/Think-Markets
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My recommended Exchange -> YEX: bit.ly/YEX-M
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Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
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.
Proud ThinkMarkets Ambassador -> Discover & Grow: bit.ly/Think-Markets
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
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.