BTC/USD Analysis – Is the Pullback Just Beginning?

Bitcoin has recently faced strong resistance at the $108,874 zone, a high-volume supply area identified by the LuxAlgo Visible Range. Price was rejected sharply, and now BTC is trading at $104,746 after a -1.32% move down.


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🔍 Technical Breakdown:

🟥 Supply Zone:

$106,800 – $108,800

Price has tested this area multiple times but failed to break above it.


🟦 Key Support Zones to Watch:

1. $94,334: Mid-level support; if broken, it confirms bearish strength.


2. $77,957 – $80,000: Strong demand zone; potential reversal or consolidation area.



📉 Bearish Signals:

Lower highs forming after rejection at resistance.

Red arrows indicate potential drop targets.

Volume fading on recent rallies – suggesting weakening bullish momentum.



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🎯 Potential Trading Plan:

🔻 Short Setup:

Entry: $104,500 – $105,000 (below current structure)

TP1: $94,300

TP2: $80,000

SL: $106,800 (above resistance zone)


🟠 Long Setup (if price reaches demand):

Entry: $78,000 – $80,000

SL: $76,000

TP: $94,000 / $100,000



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⚡News Catalyst:

⚠️ Major U.S. and global economic events expected soon. Be ready for volatility spikes (icons indicate calendar impact).


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📊 What I'm Watching:

Volume divergence

Price reaction to $94k level

Fed announcements and macro impact on crypto



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💬 Do you think BTC will bounce from $94k or head to $80k?
Comment below your trade setup 👇


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🔖 Hashtags for Reach:

#BTCUSD #BitcoinAnalysis #CryptoTrading #SupplyAndDemand #LuxAlgo #BTCShort #PriceAction #BitcoinCrash #CryptoTA #BTCTradeSetup #tradingviewcommunity


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