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BTC: The beginning of a rebound.

Hello everyone,

Here’s a quick and simple breakdown of the key support and resistance zones.
Below are the reasons why these zones have been selected:

✔️ Support Zone 1. ($53,329.5 ~ $52,372.5)

Descending channel
Fibonacci 0.786 retracement
Significant low (S/R Flip)

✔️ Resistance Zone 1. ($55,969.0 ~ $55,499.6)

Fibonacci 0.236 retracement
Significant low (S/R Flip)

✔️ Resistance Zone 2. ($58,218.0 ~ $57,348.7)

Fibonacci 0.382 retracement
Significant low (S/R Flip)

There's a strong likelihood of significant price action within these zones, either as support or resistance. Keep a close eye on Bitcoin’s movement in these areas. Best of luck!

*S/R Flip: Support/Resistance Flip

This is not a buy or sell recommendation.
It is a personal perspective and should be used for reference only.
All decisions and responsibilities lie with you.

註釋

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