$BTC is currently trading near a key resistance zone at the Red Ichimoku Cloud, a critical area where the next major move will likely be decided.
🔍 Technical Analysis (Ichimoku Cloud):
BTC price is approaching the lower boundary of the Red Cloud, which acts as dynamic resistance in a bearish market structure. The Conversion Line (Tenkan-sen) and Base Line (Kijun-sen) remain below the cloud, signaling that bullish momentum is still weak. The Lagging Line (Chikou Span) is also below cloud but above the price, showing some conflict.
This zone is crucial: price is testing resistance, but has not yet shown a decisive breakout.
🧠 Key Scenarios:
• Bullish Breakout:
If BTC breaks above the Red Cloud($90000) and holds with strong candle closes, it could signal a trend shift and open the door for a move toward the next resistance zone.
• Bearish Rejection:
If price gets rejected near the cloud resistance (especially with bearish candle confirmation), BTC is likely to continue the downtrend. This provides a short opportunity aligned with the higher-timeframe structure.
📌 Conclusion:
BTC is at a decision point. The Red Cloud will determine the next directional move. Wait for confirmation—either a clean breakout above the cloud or a rejection candle near resistance.
👉 Short setups are valid if rejection occurs.
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