BTCUSD.P Binance Futures, Bullish Reversal
🔹 Mid-Term (1D) Analysis:
Trend and Patterns:
Falling Wedge lower touch – A bullish reversal signal.
Breakdown of the previous Rising Wedge – There was strong selling pressure in the past, but now signs of stabilization are emerging.
VWAP and Volume Profile – Strong resistance is visible around $100,000.
Key trend reversal levels – Support at $74,000–76,500, while strong resistance lies between $90,000–100,000.
🔹 Key Levels:
Support: $74,500–76,500
Resistance: $90,000–94,000, then above $100,000
Mid-term target: $100,000–108,000
🔹 Mid-Term Forecast:
If Bitcoin successfully breaks out of the Falling Wedge and surpasses $90,000, the next target could be $100,000. However, if the $74,500 support level fails, further correction down to $72,000 or even $68,000 is possible.
✍️ Important Note: The above post provides general information and should not be considered specific investment advice. All investments carry high risk, especially in volatile cryptocurrency markets. Every investment decision should be based on thorough market analysis and an individual’s risk tolerance!
Trend and Patterns:
Falling Wedge lower touch – A bullish reversal signal.
Breakdown of the previous Rising Wedge – There was strong selling pressure in the past, but now signs of stabilization are emerging.
VWAP and Volume Profile – Strong resistance is visible around $100,000.
Key trend reversal levels – Support at $74,000–76,500, while strong resistance lies between $90,000–100,000.
🔹 Key Levels:
Support: $74,500–76,500
Resistance: $90,000–94,000, then above $100,000
Mid-term target: $100,000–108,000
🔹 Mid-Term Forecast:
If Bitcoin successfully breaks out of the Falling Wedge and surpasses $90,000, the next target could be $100,000. However, if the $74,500 support level fails, further correction down to $72,000 or even $68,000 is possible.
✍️ Important Note: The above post provides general information and should not be considered specific investment advice. All investments carry high risk, especially in volatile cryptocurrency markets. Every investment decision should be based on thorough market analysis and an individual’s risk tolerance!
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.