🧠 Market Condition: $BTC
• BTC has just experienced a sharp decline (big red candle) towards the demand zone marked in the area 100.837 – 101.366.
• Current price 101.106, within the demand zone, which has the potential to be a rebound area if not broken.
📌 Important Zones:
• Nearest resistance: 102.050 – 102.734
• Strong support (demand zone): 100.837 – 101.366
• 24-hour low: 100.837, could be the last support if the current zone is broken
📈 Potential Entry Scenarios:
1. ✅ Buy on Rebound from Demand (Scalp / Swing):
• Buy confirmation: If a reversal candle appears (such as a hammer or bullish engulfing) in the area 100.8k – 101.1k.
• TP Target:
101.9k (mid range),
102.7k (strong resistance).
• SL: Below 100.680 (because breaking the zone means potential continuation downwards).
• Suitable for scalp or quick entry when price reaction occurs.
🟢 Emoji: 🚀 If strong rebound, could be the start of a short reversal.
❌ Sell If Break Support:
• Sell confirmation: If a 15M candle closes below 100.837 with high volume.
• TP Target:
100.500 (minor support),
then most likely to 99.800 – 100.000 psychological area.
• SL: Above 101.300 (re-entering the zone invalidates breakdown).
🔴 Emoji: 📉 If strong breakdown, could continue bearish in a short time.