BTCUSD SELL RETRACEMENT

3 בינו׳

Hello my fellow traders! kindly share your opinion about this chart.

Date: 03/01/2025
Current Price: 96700

BTCUSD market has rejected 97000 position multiple times and has formed a strong resistance. Now market has changed its trend and all respected candles are indicating a strong bearish trend. Currently market is in its sell retracement zone and can reach 93000 and after breaking out this position market's next target will be 90000.

Key Points:
Resistance: 97500, 98800
Supporting Area: 93000, 90000

Note:
1st Target: 93000
2nd Target: 90000

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