BTCUSD
Target Successful ✅ | Next Target: 104.600
Bitcoin has once again respected key levels in this structured range. After failing to break above the Resistance Zone (~109,400–110,800), price retraced and found support around the Support Level 1 (~104,000).
🔹 Support Level 1 (~104,000): Acted as a strong base for the reversal seen on June 13 and June 18.
🔹 Support Level 2 (~107,000): Previously a consolidation zone — now flipped into resistance, confirming the bearish structure.
🔹 Resistance Zone (~109,400–110,800): Remains a strong supply area; multiple rejections seen here.
The recent move from Support Level 2 to Support Level 1 confirms the bearish sentiment, and the target at 107,000 was successfully met. The price now shows signs of minor correction, but overall structure suggests next bearish target is 104.600.
📌 Trade Plan:
Short entries can be considered on pullbacks into the 106,000–106,500 zone with targets near 104.600. Watch for any strong bullish rejection signals at Support Level 1 for possible reversals