Bitcoin is now approaching a critical Fibonacci confluence resistance zone — specifically the area between the 0.382 and 0.5 retracement levels. Historically, this region has acted as a significant supply zone, where BTC has faced strong rejection in the past.
As price moves back into this range, the likelihood of a fakeout followed by a sharp reversal increases. This makes the zone particularly important for traders watching for a potential mid-cycle correction.
If Bitcoin rejects cleanly from this resistance, it could open the door for a high-probability short setup.
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📌 Short Zone to Watch
0.382 → 0.5 Fibonacci retracement area
🎯 Potential Short Targets
T1 → $72,607.37
T2 → $58,502.88
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Stay cautious — this zone could be the key inflection point that sets the tone for Bitcoin’s next major move.$BTC
