When to Buy This Bitcoin Dip - My Technical Take on current PA
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On BTC ,Yesterday's bounce is worth noting, but I'm approaching it with caution. The recently broken support trendline (now visible as a diagonal resistance) will likely act as resistance in the 89-91K zone, also we have a Horizontal resistance at 83-85K which is previous support now becomes resistance . For potential entries, I'm watching two key scenarios: Bullish Case 1: If BTC can reclaim and close above the broken trendline (89-91K), it would suggest the breakdown was a fakeout. This could set up a potential move back toward previous highs. Bullish Case 2: If price continues lower to the 73K major support zone (marked by the green rectangle), this could provide an excellent buying opportunity with a favorable risk/reward ratio. A strong bounce from this level could signal the end of the correction and the start of a new uptrend.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.