Hey traders 👨🏫
✅ BTC/USDT ✅
📆 Timeframe: 1D
💰 Current Price: $116,197
📉 24h Change: -1.96%
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📊 Chart Analysis
Major Resistance Tested: $123,218 (local top)
Current Support Zone: EMA 25 (Pink Line) – around $115,100
Next Strong Support: $110,337 & $104,221
EMA Overview:
EMA 7: $117,788 (acting as dynamic resistance)
EMA 25: $115,102 (acting as immediate support)
EMA 99: $106,272 (long-term trend support)
Pattern Formation:
BTC broke out from a long-term descending triangle (resistance at $110,337), rallied to $123K, and is now cooling off.
Currently forming a healthy retest near the 25 EMA – a make-or-break zone.
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📌 Key Levels to Watch
🔼 Resistance: $119,395 ➜ $123,218
🔽 Support: $115,100 ➜ $110,337 ➜ $104,221
📦 Demand Zone: $93,500 to $104,000 (likely bounce area if breakdown continues)
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🧠 Market Sentiment:
Still bullish on higher timeframe as long as $110K holds.
Ideal entry could form on successful bounce from EMA 25 or deeper wick into the $110K range.
#CryptoScamSurge #CryptoAnalysis #BTCUSDT #CryptoTrader #WriteToEarn
$BTC
$ETH
✅ BTC/USDT ✅
📆 Timeframe: 1D
💰 Current Price: $116,197
📉 24h Change: -1.96%
---
📊 Chart Analysis
Major Resistance Tested: $123,218 (local top)
Current Support Zone: EMA 25 (Pink Line) – around $115,100
Next Strong Support: $110,337 & $104,221
EMA Overview:
EMA 7: $117,788 (acting as dynamic resistance)
EMA 25: $115,102 (acting as immediate support)
EMA 99: $106,272 (long-term trend support)
Pattern Formation:
BTC broke out from a long-term descending triangle (resistance at $110,337), rallied to $123K, and is now cooling off.
Currently forming a healthy retest near the 25 EMA – a make-or-break zone.
---
📌 Key Levels to Watch
🔼 Resistance: $119,395 ➜ $123,218
🔽 Support: $115,100 ➜ $110,337 ➜ $104,221
📦 Demand Zone: $93,500 to $104,000 (likely bounce area if breakdown continues)
---
🧠 Market Sentiment:
Still bullish on higher timeframe as long as $110K holds.
Ideal entry could form on successful bounce from EMA 25 or deeper wick into the $110K range.
#CryptoScamSurge #CryptoAnalysis #BTCUSDT #CryptoTrader #WriteToEarn
$BTC
$ETH