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Technical analysis by Mohammad_Mirdehghan about Symbol BTC on 5/21/2025

https://sahmeto.com/message/3536512
Mohammad_Mirdehghan
Mohammad_Mirdehghan
Rank: 2632
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،Technical،Mohammad_Mirdehghan

Bitcoin is currently testing a critical resistance zone between 107,150 and 107,800, which has previously acted as a strong supply area. For the bullish trend to continue, we need to see a daily close above this resistance range. Until a confirmed breakout occurs, the price is vulnerable to a pullback toward the rising trendline, which has been supporting the uptrend since April. 📌 Key Points: Strong horizontal resistance at 107,150–107,800 Rising wedge structure could signal exhaustion A daily candle close above 107,800 is required for further upside continuation Failure to break this resistance increases the probability of a correction toward the ascending trendline support This is a critical area to monitor for both breakout traders and those looking for potential short-term reversal setups.

Translated from: English
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Signal Type: Neutral
Time Frame:
4 hours
Price at Publish Time:
$107,038.79
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