This chart shows Bitcoin is getting close to a strong resistance zone, meaning the price may struggle to go higher from here (between $109K–$115K). This is where many traders might sell or take profit.
What it means:
Bitcoin has gone up a lot recently. Now it's entering a zone where it previously dropped. That could make it pause or reverse unless there's strong buying.
Strategy tip:
Wait for a clean breakout above $115K with strong volume before going long (buying). If price shows weakness or rejection in this red zone, consider shorting or waiting for a pullback.
Red flag:
If Bitcoin gets rejected here and drops below $101K, it might fall back to the support around $85K or even $75K. Watch for big red candles or volume spikes at the resistance.