BTC/USDT Bullish Reversal Zone Analysis

4 天前

Support Zone:
The horizontal purple box (~104,000 USDT area) has acted as a strong support/resistance flip zone multiple times.

Falling Wedge Breakout:
The price action broke out of a falling wedge pattern earlier, confirming bullish momentum.

Flag Formation (Current):
A smaller bullish flag/pennant appears to be forming, and a breakout above could trigger a strong upward move.

Projected Move:
The black arrow indicates a potential bounce from this support zone, with the price targeting the 111,000–112,000 USDT zone (highlighted in the top purple box).

Volume Spike:
Notable volume spike near the bottom supports the idea of accumulation and possible reversal.

📈 Conclusion:
If the support zone holds and price breaks above the minor flag, a bullish continuation is likely toward the 111,000–112,000 resistance area. Traders should watch for confirmation of a breakout and volume increase for validation.

4 天前

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