š $BTC Technical Analysis
Bitcoin is testing a key resistance zone after a short-term rebound. A critical juncture is approaching.
š Key Observations:
Multiple moving averages overhead, bearish structure still intact
Price has returned to the upper boundary of previous consolidation, now a supply zone (blue box)
Bulls are attempting a breakout, but momentum is weakening with small green candles
Without a strong volume breakout, a retest of support levels is likely
š Support: $11,200
š Resistance: $11,400
šØ Market at a decision point ā short-term tug-of-war between bulls and bears intensifying. Stay alert and watch the chart patterns closely.