BTC: The beginning of a rebound.

Por Killer_Whales
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)
snapshot
  • Descending channel
  • Fibonacci 0.786 retracement
  • Significant low (S/R Flip)



✔️ Resistance Zone 1. ($55,969.0 ~ $55,499.6)
snapshot
  • Fibonacci 0.236 retracement
  • Significant low (S/R Flip)



✔️ Resistance Zone 2. ($58,218.0 ~ $57,348.7)
snapshot
  • 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.
Comentário
🔥New Update!
snapshot

The price has reached the "Resistance Zone 2"!

Congratulations!
analysisbitcoinlongbitcoinpriceBTCUSDFibonacciParallel ChannelSupport and Resistance
Killer_Whales
[Watch videos related to additional insights]
youtube.com/channel/UCfIoWsct5Ci_PPJvRbgCi9w

[View my Telegram]
t.me/Killer_Whale_s

Publicações relacionadas

Aviso legal