📊 Bitcoin | Technical Analysis
A few months ago I marked this area as a decisive zone on the chart. So far, price continues to respect this scenario.
Until there is a breakout and confirmation above this resistance range, my reading remains cautious.
The market may still seek liquidity at lower levels before starting a more consistent bullish move.
🎯 Next points I’m watching: • Rejection at resistance = continuation of the downtrend. • Breakout with volume and a close above = invalidation of this scenario and a possible change in structure.
The market doesn’t need to do what we expect, so risk management always comes before conviction.
This is only my interpretation of the chart. Price always has the final say.
#BTC #Bitcoin #Crypto #Trading #TechnicalAnalysis #BinanceSquare #priceaction
A few months ago I marked this area as a decisive zone on the chart. So far, price continues to respect this scenario.
Until there is a breakout and confirmation above this resistance range, my reading remains cautious.
The market may still seek liquidity at lower levels before starting a more consistent bullish move.
🎯 Next points I’m watching: • Rejection at resistance = continuation of the downtrend. • Breakout with volume and a close above = invalidation of this scenario and a possible change in structure.
The market doesn’t need to do what we expect, so risk management always comes before conviction.
This is only my interpretation of the chart. Price always has the final say.
#BTC #Bitcoin #Crypto #Trading #TechnicalAnalysis #BinanceSquare #priceaction
