Bitcoin (BTC/USDT), Key Support, FVG, Trend Line
Bitcoin (BTC/USDT), Key Support, FVG, Trend Line.
Price Action:
1. Current Price: Bitcoin is trading at $98,074.72, marked in red at the top right corner. It has recently pulled back after a peak near $100,000.
2. Key Support Zones:
• $92,520.00: A highlighted level where Bitcoin might find support. This is marked on the chart with a pink box.
• $90,500.00: Another significant support level below, marked in a similar manner.
3. Fair Value Gap (FVG):
• The FVG appears between the current price (~$98,000) and the lower support levels (~$92,232 and $90,500). These gaps indicate areas of potential price imbalance where buyers or sellers may step in to close the gap.
Trend Context:
• Bitcoin is within a rising channel pattern, with yellow dashed lines indicating the trend boundaries.
• The price appears to have tested the upper boundary and is retracing toward support zones, suggesting a potential retracement to fill gaps or test support before continuation.
Price Action:
1. Current Price: Bitcoin is trading at $98,074.72, marked in red at the top right corner. It has recently pulled back after a peak near $100,000.
2. Key Support Zones:
• $92,520.00: A highlighted level where Bitcoin might find support. This is marked on the chart with a pink box.
• $90,500.00: Another significant support level below, marked in a similar manner.
3. Fair Value Gap (FVG):
• The FVG appears between the current price (~$98,000) and the lower support levels (~$92,232 and $90,500). These gaps indicate areas of potential price imbalance where buyers or sellers may step in to close the gap.
Trend Context:
• Bitcoin is within a rising channel pattern, with yellow dashed lines indicating the trend boundaries.
• The price appears to have tested the upper boundary and is retracing toward support zones, suggesting a potential retracement to fill gaps or test support before continuation.
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626
"Trend charting as a pastime."
Disclaimer
🚨 The information provided is for educational purposes only and should not be considered as investment advice.
626
"Trend charting as a pastime."
Disclaimer
🚨 The information provided is for educational purposes only and should not be considered as investment advice.
---
626
"Trend charting as a pastime."
Disclaimer
🚨 The information provided is for educational purposes only and should not be considered as investment advice.
626
"Trend charting as a pastime."
Disclaimer
🚨 The information provided is for educational purposes only and should not be considered as investment advice.
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