Technical analysis by King-Rk about Symbol BTC on 3/26/2025

King-Rk

Hello, tradersBitcoin’s price action has been relatively stagnant over the past couple of days, hovering around a key resistance region. The market is at a critical juncture where either more distribution is occurring or accumulation is taking place on the lower time frames.A key observation is that price has been consistently rejecting a dynamic SI resistance, forming consecutive lower highs. Each test of this resistance has resulted in rejection, reinforcing its significance. Currently, Bitcoin is trading right into this resistance, making it a pivotal level to watch.Key Levels to Watch• Dynamic SI Resistance: This level has dictated recent price action. Another rejection here could increase the probability of a bearish expansion toward the key swing low.• Key Swing Low: If Bitcoin sweeps this level and closes back above it, it would signal a swing failure pattern (SFP) and activate a potential Gardner formation (confirmation required).• Breakout Confirmation: For a bullish breakout to be valid, Bitcoin must breach the dynamic SI resistance with increasing volume. A low-volume break increases the probability of a false breakout.Volume & Market SentimentRight now, Bitcoin is trading with low volume, suggesting indecision. A confirmed move in either direction requires an increase in volume. Until then, the price is likely to remain range-bound.Trading OutlookBullish Scenario: A break above the dynamic resistance with strong volume could open the door for upside expansion.