Market Overview:
Bitcoin surged to the 118,000 zone, testing the weekly resistance at 116,577 and marking a local top near 121,100. A pullback followed, but the price remains above the key monthly level at 112,097. The overall market structure remains bullish, and another upward leg is likely after consolidation.
Technical Signals & Formations:
— Completed extended ABCD pattern
— Breakout and retest of 112,097
— Support zone between 113,856 and 112,000
— EMA and price structure support the uptrend
Key Levels:
Support: 113,856, 112,097
Resistance: 116,577, 121,108
Scenario:
Primary: as long as BTC holds above 112,000 and forms bullish confirmation on H4, a move toward 116,577 and 121,108 remains likely.
Alternative: a drop below 112,000 may lead to a deeper correction toward 108,140–107,290.
Bitcoin surged to the 118,000 zone, testing the weekly resistance at 116,577 and marking a local top near 121,100. A pullback followed, but the price remains above the key monthly level at 112,097. The overall market structure remains bullish, and another upward leg is likely after consolidation.
Technical Signals & Formations:
— Completed extended ABCD pattern
— Breakout and retest of 112,097
— Support zone between 113,856 and 112,000
— EMA and price structure support the uptrend
Key Levels:
Support: 113,856, 112,097
Resistance: 116,577, 121,108
Scenario:
Primary: as long as BTC holds above 112,000 and forms bullish confirmation on H4, a move toward 116,577 and 121,108 remains likely.
Alternative: a drop below 112,000 may lead to a deeper correction toward 108,140–107,290.
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Stop losing money on random trades. Get ready-to-use signals with entry, stop-loss, and targets. Over +1100% profit. 1 month free. Simple. Clear. Profitable.
Join now: t.me/+ve3cSINHpoowNDIy
Join now: t.me/+ve3cSINHpoowNDIy
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。