Hey #BinanceHODLerRESOLV & #Tradersleague fam! Checking out the 2-hour $BTC /USD chart and seeing some interesting moves.
Key Observations:
Resistance Zone: Price just tested the $110,000–$111,000 range again. This area has been strong supply.
Rising Trendline Break: The black ascending trendline (supporting price since June 6) looks to be broken! This could signal a momentum shift.
Support Levels Identified:
First Support/TP: ~$106,935.29
Second Support/Main TP: ~$105,052.65
Bearish Projection: Orange arrow shows a potential downward move after a retest and rejection of the broken trendline – classic breakdown confirmation.
Trade Idea (If Shorting):
Entry: Look for a confirmed break and retest of the trendline, or a break below $109,000 (red line).
Targets: $106,935 (partial TP), $105,052 (main TP).
* Stop-Loss: Likely above $110,500–$111,000 (above resistance).
Important Risk Note: This setup is based
on a trendline break and bearish follow-through. If BTC reclaims the trendline or pushes above $111,000, this setup is invalidated. Trade safe!
Let me know your thoughts in the comments! 👇
$BTC $USDC #BTCBreaks110K #CryptoRoundTableRemarks #MarketRebound