$BTC Bitcoin has staged a solid recovery from the highlighted support zone, but price is now approaching a major resistance area where selling pressure could increase. Multiple Fair Value Gaps (FVGs) and Fibonacci retracement levels are clustering near the current price, creating a potential reversal zone.
Key Levels to Watch:
Current Resistance Zone: 80,950 - 81,300
Immediate Support: 80,350 - 80,100
First Bearish Target: 79,200
Main Bearish Target: 77,800
Extended Downside Target: 75,500
Market Scenario:
If BTC gets rejected from the 81K resistance zone, a downside move toward 79,200 is likely, with further selling pressure potentially driving price toward 77,800-75,500.
A clean breakout and close above 81,300 would invalidate the bearish setup and could open the door for higher highs.
$ETH #BlackRockPlansMoneyMarketFundsforStablecoinUsers
#StrategyBTCSalesLimitedToDividends #GrayscaleCardanoETF
Key Levels to Watch:
Current Resistance Zone: 80,950 - 81,300
Immediate Support: 80,350 - 80,100
First Bearish Target: 79,200
Main Bearish Target: 77,800
Extended Downside Target: 75,500
Market Scenario:
If BTC gets rejected from the 81K resistance zone, a downside move toward 79,200 is likely, with further selling pressure potentially driving price toward 77,800-75,500.
A clean breakout and close above 81,300 would invalidate the bearish setup and could open the door for higher highs.
$ETH #BlackRockPlansMoneyMarketFundsforStablecoinUsers
#StrategyBTCSalesLimitedToDividends #GrayscaleCardanoETF