The S/R Flip: Watching $BTC at a Key Level ๐Ÿ“ˆ

Technical Analysis doesn't have to be complicated. One of the most powerful and simple concepts to watch for is the Support/Resistance (S/R) flip.

#Bitcoin has been struggling to break a major resistance level, let's say $70,000. For weeks, it gets rejected every time it touches that price. Then, finally, it has a strong breakout above it.

What to Watch For:

The Breakout: Price moves decisively above the old resistance ($70k).

The Retest: Price comes back down to test that same $70k level.

The Confirmation: If the price bounces off $70k and starts moving up again, the old resistance has "flipped" into new support. This is a very bullish signal for traders and often indicates the next leg up.

Watching how price reacts at these key levels can give you a major edge.

#Bitcoin #BTC #TechnicalAnalysis #Trading101 #ChartPatterns

Coin Pair: $BTC /USDT