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BTC/USDT
📝 Technical Analysis
🎯 Key Levels:
🔹 Resistance: 113,778
🔹 Support: 106,195
🔹 Fair Value Gap (FVG) Zone: 98,000 – 90,000
📊 Analysis Summary:
1️⃣ Horizontal Resistance and Retest:
The chart shows a clear resistance at 113,778. Price tested this area and pulled back, indicating potential profit-taking or exhaustion.
2️⃣ Trend Channels:
Price is moving within an ascending channel. It touched the upper band and faced selling pressure.
4️⃣ Short-Term Scenario:
🔹 Price is consolidating around the 109,782 level.
🔹 If the resistance zone (113K) is tested again and fails to break, a pullback towards 106,195 or the green support areas below is likely.
🔹 If a breakout occurs, we could see momentum pushing towards 117K+.
🔥 Summary:
BTC is struggling to break above the 113K resistance zone. A breakout could trigger a new bullish wave. Otherwise, a correction towards the 106K–101K range is likely. Any dip into the FVG zone could offer a prime buying opportunity. 1 reply
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