- $C98 is showing signs of a strong rebound after a period of consolidation š - Increasing volume indicates growing interest - monitor for sustained momentum š„
1. *Target 1:* $0.5000 - Key psychological level to watch š¢ 2. *Target 2:* $0.6200 - Previous high from early 2025 š 3. *Target 3:* $0.8500 - Potential long-term breakout if bulls prevail š
*Support Zones:*
- *Support 1:* $0.3750 - Short-term moving average support š» - *Support 2:* $0.3100 - 4-hour 200 MA support š» - *Support 3:* $0.2200 - Historical support level - breakdown signals weakness ā ļø
*Disclaimer:* Always do your own research (DYOR) before making trading decisions. Crypto markets are highly volatile; manage your risk wisely! š” #CryptoAnalysis #DYOR
- Bitcoin has bounced back from $105,100, with buyers building a solid short-term support š”ļø - As long as the price stays above $105,500, the path to $106,800 and beyond remains open š
- *Volume:* Monitor volume closely above $105,500 for continuation signals š - A sustained bounce could open the door to higher resistance levels š #Bitcoin #BTC #CryptoMarket
*Daily Chart Analysis:* - *Current Trend:* Dead neutral, but bears are in control with strong momentum š“ - *Key Resistance:* Multiple rejections at key levels indicate bearish pressure š - *Next Support:* $0.765 (SSB D1) is the next level to watch for potential bounce or breakdown
*Critical Levels:*
- *Support Zone:* $0.760-$0.770 (50% fib daily) - bulls need to defend this zone for any hope of bounce - *Next Key Zone:* $0.730-$0.740 - potential drop if bears maintain control š¦ - *Bullish Trigger:* Daily close above $0.860 (flat K/D1) - a potential reversal signal
*Market Outlook:*
- *Bearish Continuation:* Likely unless bulls defend the $0.760-$0.770 zone - *Bullish Scenario:* Only if daily close above $0.860, otherwise, it's still red for now! š
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