Bitcoin has broken below its key ascending trendline and also lost the horizontal support around 111k–112k.
The breakdown was followed by a retest of the trendline, which got rejected, confirming the weakness.
🔑 Key Levels to Watch
124,272 → Major resistance (recent swing high).
111k–112k → Broken support, now acting as resistance.
100,407 (~100k)→ Next important support zone to test.
92k–90k (red zone) → Strong demand area if 100k fails.
76,719 → Deeper support if selling continues.
📊 Possible Scenarios
1. Bearish Continuation (Base Case):
Price likely to move toward 100k support. A bounce is possible here, but if Bitcoin closes below 100k on daily timeframe, next downside targets are 96k → 92k–90k.
2. Bullish Invalidation:
If BTC reclaims 112k and sustains above it, short-term bearish outlook weakens.
A break above 120k could reopen the path toward 124k.
✅ Conclusion
Right now, the bias remains bearish below 112k, with 100k as the immediate support to watch. Reaction at 100k will decide whether we see a bounce back to 111k or a deeper correction into the 90k zone.
The breakdown was followed by a retest of the trendline, which got rejected, confirming the weakness.
🔑 Key Levels to Watch
124,272 → Major resistance (recent swing high).
111k–112k → Broken support, now acting as resistance.
100,407 (~100k)→ Next important support zone to test.
92k–90k (red zone) → Strong demand area if 100k fails.
76,719 → Deeper support if selling continues.
📊 Possible Scenarios
1. Bearish Continuation (Base Case):
Price likely to move toward 100k support. A bounce is possible here, but if Bitcoin closes below 100k on daily timeframe, next downside targets are 96k → 92k–90k.
2. Bullish Invalidation:
If BTC reclaims 112k and sustains above it, short-term bearish outlook weakens.
A break above 120k could reopen the path toward 124k.
✅ Conclusion
Right now, the bias remains bearish below 112k, with 100k as the immediate support to watch. Reaction at 100k will decide whether we see a bounce back to 111k or a deeper correction into the 90k zone.
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.