Right now $BTW still looks bullish, but it’s definitely in an overextended area.
The move from around 1.83 to 2.75 has been very aggressive, and price has already started rejecting from the 2.70–2.75 zone. That makes a short-term correction or sideways cooldown more likely before the next clean leg higher.
My key levels:
Resistance: 2.70–2.75
Immediate Support: 2.45–2.50
Stronger Support: 2.10–2.15
If BTW holds 2.45–2.50 and starts building higher lows, I’d still expect another attempt at 2.75, then potentially 2.90–3.00.
But if 2.45 breaks cleanly, a deeper correction toward 2.30–2.35 becomes much more likely.
So the structure is still bullish, but this is not the ideal place to chase. I’d rather see the market cool down, hold support, and then confirm the next continuation.
$BTW
The move from around 1.83 to 2.75 has been very aggressive, and price has already started rejecting from the 2.70–2.75 zone. That makes a short-term correction or sideways cooldown more likely before the next clean leg higher.
My key levels:
Resistance: 2.70–2.75
Immediate Support: 2.45–2.50
Stronger Support: 2.10–2.15
If BTW holds 2.45–2.50 and starts building higher lows, I’d still expect another attempt at 2.75, then potentially 2.90–3.00.
But if 2.45 breaks cleanly, a deeper correction toward 2.30–2.35 becomes much more likely.
So the structure is still bullish, but this is not the ideal place to chase. I’d rather see the market cool down, hold support, and then confirm the next continuation.
$BTW