$BTC WEEKLY UPDATE....Know The Trand Before It Goes Against
Maximus79
Updated at: 8 hours ago
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Bitcoin is moving inside a rising wedge channel, and now price is loosing strength near the support zone.Such pattern mostly shows a trend losing strength after a rally.
Price made six major swing points each high is getting smaller in power, and the rejection from 115k–118k zone is clear everything. Every time it touches the top red line, sellers step in strong. The green line below is acting like a final floor. Right now, Bitcoin is standing near that support zone around 106k–100k
If price breaks below this green support line and closes under 100k, we can expect a deep correction, maybe around 85k–90k area. If you see Volume is also getting low, which means big players are not buying heavily right now.
But if Bitcoin bounces back from this level and breaks above 120k with strong rising volume, it can start a fresh rally again. So this zone is the key point to monitor carefully. bulls and bears both are fighting hard here.
As a trader, I see this as a decision point
Above 120k = bullish breakout.
Below 100k = strong bearish breakdown.
Market is slowing to down, momentum is weak, but the long-term structure is still fine until 85k holds. Smart money usually waits for this kind of pullback to load again. Bitcoin is tired at the top, testing the last support. Watch the 100k level if it breaks, correction will come fast; if it holds, next leg up starts from here.
#MarketPullback #BTC走势分析
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