Bitcoin(BTCUSDT)–ResistanceRejection Setup|DownChannel structure
Bitcoin (BTCUSDT) is still respecting its downward channel structure, with multiple CHoCH (Change of Character) and BOS (Break of Structure) signals along the way.
Resistance Zone: 113,500 – 114,000
Support Zone: 107,500 – 108,000
Price is currently trading around 112,226, just below the resistance area. If sellers step in strongly, a rejection could drive price back down toward the support zone.
A sustained breakout above resistance would invalidate this short-term bearish outlook.
Watch for rejection patterns around resistance before taking entries.
Bearish continuation is valid only if the channel remains intact.
Always apply proper risk management and stop-loss levels.
This analysis is for educational purposes only. It is not financial advice. Please do your own research before making any trading decisions.
Resistance Zone: 113,500 – 114,000
Support Zone: 107,500 – 108,000
Price is currently trading around 112,226, just below the resistance area. If sellers step in strongly, a rejection could drive price back down toward the support zone.
A sustained breakout above resistance would invalidate this short-term bearish outlook.
Watch for rejection patterns around resistance before taking entries.
Bearish continuation is valid only if the channel remains intact.
Always apply proper risk management and stop-loss levels.
This analysis is for educational purposes only. It is not financial advice. Please do your own research before making any trading decisions.
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$ FOREX / GOLD / BTC | Real Trades,Real Result | Risk-managed strategiesn &VIP Signal {My Personal Entries} Join Telegram _ Trade smater ||
📬 Join Free Channel:
t.me/profitmagnetpro12
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t.me/profitmagnetpro12
Publicações relacionadas
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.