$BTC
๐ Chart Observations
1. Current Price:
BTC is at $115,661.
2. Bollinger Bands (20,2):
Upper Band (Resistance): $117,593
Middle Band (MA): $116,176
Lower Band (Support): $114,758
โ Price is slightly below the middle band, showing mild bearish momentum.
3. Support & Resistance Levels (drawn on chart):
Major Resistance Zone: $121,500 โ $124,500 (previous rejection zone).
Immediate Resistance: ~$117,600 (upper Bollinger + supply zone).
Support Zone: $113,900 โ $114,800 (lower Bollinger + past consolidation).
Strong Support: ~$107,200 โ $110,200 (previous low + demand zone).
4. Trendline:
BTC broke down from the $124k high and retraced to ~$107k, then rebounded.
Now itโs moving sideways between $114k โ $118k (consolidation phase).
5. Volume:
Declining โ suggests no strong buying/selling pressure, market waiting for a breakout.
๐ Short-Term Outlook (Next 2โ3 days)
BTC is consolidating between $114k โ $118k.
If it breaks above $117,600 with volume โ likely push toward $121k โ $124k (strong resistance).
If it fails and breaks below $114,700 โ possible dip to $110k โ $107k.
Currently, price action looks neutralโbearish (leaning to test support again before breakout).
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โ Good Buying Zones
1. Strong Buy Zone (Safe Entry for Long-Term)
$107,500 โ $110,500 (major support, demand area).
This was the last big accumulation area before the bounce.
2. Medium Buy Zone (Swing Entry)
$113,800 โ $114,800 (lower Bollinger + local support).
Can bounce short-term toward $117kโ$118k.
3. Breakout Buy Zone
If BTC closes 4h above $117,600 with volume, you can buy for target $121,500 โ $124,000.
๐ฏ Next Move Prediction
Base case (more likely): Retest support at $114k before deciding direction.
Bullish scenario: Breaks above $117.6k โ rally toward $121kโ$124k.
Bearish scenario: Breaks below $114k โ correction to $110kโ$107k.
