Technical analysis by nevfell38 about Symbol BTC on 5/11/2025

📊 BTCUSDT Technical Analysis – May 11, 2025 Hello traders! 👋 Here’s a fresh technical analysis on the BTC/USDT pair using the 1D timeframe. The chart highlights key supply and demand zones, harmonic structure, and two potential price scenarios for the coming weeks. 📌 Key Levels: Support Zone: 86,191 – 88,909 USDT Mid-Resistance: 91,978 USDT Major Resistance Area: 105,371 – 108,458 USDT 🔍 Technical Overview: After forming a strong bottom around 76,560, BTC reversed and surged upwards, filling the Fair Value Gap (FVG) created earlier. Price is now testing a critical supply zone. A rejection from here may lead to a pullback, possibly toward the 86k–89k range. If the support zone holds, it may act as a springboard for a new bullish wave targeting 105k and beyond. 🧭 Possible Scenarios: Rejection at Resistance: Consolidation or pullback from the 105k–108k zone followed by downward movement. Support Bounce: Rebound from 86k–89k support area leading to renewed bullish momentum. Sideways Action: Short-term consolidation in the current price range before direction is confirmed. 💬 What’s your outlook for BTC at this stage? Are you expecting a breakout or a pullback? Share your thoughts in the comments! 🔔 Stay tuned for more updates and trade safely!