Critical Trendline Test Will BTC Bounce or Break ?

1. Trendline Support: The price is approaching a key ascending trendline, which has acted as support previously. A bounce from this area could signal a continuation of the uptrend.

2. Price Action: The recent sharp drop in price suggests selling pressure, likely testing the strength of the trendline and the marked support zone (around $91,500–$89,700). If this zone holds, it could provide a buying opportunity.

3. Risk/Reward Setup: The shaded areas highlight a possible trade setup:
Stop-Loss: Below the support level (around $89,700) to manage downside risk.
Target: Around $102,258, suggesting a potential bullish recovery toward resistance levels.

4. Scenario Analysis
Bullish: If the price bounces off the trendline, it could aim for a higher level, confirming the continuation of the broader uptrend.
Bearish: A breakdown below the trendline and support zone could invalidate the bullish setup, opening the way for further downside toward $86,000 or lower.

To confirm the direction, monitor additional indicators such as RSI for oversold conditions, volume for buying strength, or moving averages for trend confirmation. Let me know if you'd like further clarification or analysis!

交易進行

Opened

註釋

Reminding you to book your partial profits. We are now in 42% profit (20xLev). As Usual make sure to move stop loss to entry as well and let it run the rest :)

註釋

Again Reminding you to book your partial profits. We are now in 62% profit (20xLev). As Usual make sure to move stop loss to entry as well and let it run the rest :)

註釋

Now all my followers Happy ? Happy ? As Usual i given you the most profitable trade while rest everyone was uncertain about the market condition. Now Happily book your whooping staggering profit of
637% (Lev20x) Still we let run some partial of this run by keeping SL at BE.