$BTC

🚀$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 🚀

#NFA #DYOR #BTC100kNext?
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