$BTC has shown a strong recovery from the grey support zone, holding well and moving upward toward the red resistance area. This zone aligns with key technical factors, including the golden pocket (GP), the 100 EMA, the 50 EMA, and a descending trendline. This makes it a critical resistance level where a potential rejection could occur.
If BTC manages to break above this resistance with strong volume and reclaims the red zone, the market structure will improve, increasing the chances of further upward movement.
However, avoid rushing into long positions near the resistance area. Instead, wait for a clear breakout and confirmation before entering trades. It's best to take entries in parts to manage risk effectively.