🚀$BTC Heading Toward $108K? Critical Reversal Zone Explained 📊
🟩 Long Zone – Strong Weekly Support
BTC is holding the weekly EMA Ribbon, which is green and expanding.
The support zone $84,739–$86,830 is the ribbon width, acting as a strong entry zone for longs.
🟦 Right Shoulder Target – Dual Resistance Zone
$104,463–$108,246
#BTC will face two powerful resistances here:
🔹 Horizontal Weekly Supply
🔹 Macro Trendline From Nov-22
Both combine to form a high-probability reversal zone.
🔻 Weekly SuperTrend Logic (Very Important)
BTC dropped from 93k and formed a swing low at 80.6k.
Historically, after forming a swing low, BTC retraces to the Fib 0.5–0.618 zone, which aligns perfectly with the Right Shoulder.
📌 Expected retrace → $104k–$108k
📌 After this retracement, the real downside begins, completing the Head & Shoulders pattern.
🎯 Next Downside Targets (H&S Completion)
Fib 0.786 → $59,995
Fib 0.88 → $54,890
🟩 Relief Rally Before Final Drop
Bounce targets:
$74,500
$80,000–$84,000
🔻 Final Bottom Zone (Pre-Halving)
$34,500 – $44,193 (Fib 0.5–0.618)
This is the strongest accumulation zone before the next cycle.
📌 Summary
✔ Long → $84.7k–$86.8k
✔ Target → $104k–$108k (Dual Resistance + Fib Retracement)
✔ Short → From Trendline resistance
✔ Target →$60k–$55k
✔ Long → 54890
✔ Bounce targets → $74.5k + $80–84k
again short from here
✔ Final Bottom targets → $34.5k–$44.1k
✔ Bull cycle starts after final retracement 🚀
