ManiMarkets

XAUUSD Gold: Targeting 4500 Amidst Geopolitical Uncertainty! Why is Gold Rising? (Fundamental Drivers) Before we delve into the technicals, it's crucial to understand the fundamental tailwinds propelling Gold higher. Gold, a traditional safe-haven asset, thrives on uncertainty and acts as a hedge against various global risks: Geopolitical Tensions: Heightened global instability, particularly from conflicts (e.g., the Israel-Hamas conflict, lingering geopolitical frictions), fuels demand for safe-haven assets like gold. Investors seek security in times of crisis, parking capital in assets perceived as less volatile than equities or other risk assets. Inflation Concerns: Persistent inflationary pressures, even as central banks hike rates, often drive investors towards gold as a store of value. While higher interest rates can increase the opportunity cost of holding non-yielding gold, the fear of future currency devaluation pushes capital into the precious metal. Central Bank Demand: Many central banks globally have been net buyers of gold, diversifying their reserves away from traditional fiat currencies. This consistent institutional demand provides a strong underlying bid for gold prices. Anticipation of a Fed Pivot/Dollar Weakness: While the US Dollar has shown resilience, market participants often anticipate a eventual pivot from the Federal Reserve towards less aggressive monetary policy or even rate cuts in the future. A weaker dollar makes gold cheaper for international buyers, boosting demand. Technical Momentum: Once a strong uptrend is established, technical buying pressure often kicks in, as traders follow the trend and push prices further up. Technical Analysis (4H Timeframe): 4-hour chart for XAUUSD paints a clear picture of a controlled ascent within an ascending channel, indicating a healthy uptrend. Strong Uptrend & Higher Lows: Gold has been making consistent higher highs and higher lows since mid-October, signaling strong underlying buying interest. We can clearly see a strong impulse leg, followed by a correction, and then another impulse leg higher. Key Support Levels: Dynamic Trendline Support: The green ascending channel acts as dynamic support, guiding the price upwards. The current pullback is finding confluence with this trendline. 4300 Current Support (Green Zone): This is a critical horizontal support zone. It represents a previous resistance level that has likely flipped to support, aligning perfectly with the lower boundary of our ascending channel. This area is where we expect buyers to step in. 4200 Deeper Support (Green Zone): Should the 4300 level fail, the 4200 zone stands as a robust deeper support, acting as a strong psychological and technical floor. Immediate Resistance at 4400 (Red Zone) : The price recently encountered resistance around the 4400 level (highlighted by the red circles), leading to a pullback. This level represents the immediate hurdle that bulls need to overcome for further upside. The Path Forward – Target 4500 : As per our projection (white dotted line), we anticipate Gold to find strong support at or around the 4300 level and the lower trendline of the channel. From there, we expect a bounce that will push the price to retest and ultimately break above the 4400 immediate resistance. Once 4400 is cleared, the path opens up for a significant move towards our 4500 Target within the upper boundary of the ascending channel. Trading Outlook: Bullish Bias: Our outlook remains firmly bullish as long as Gold respects the ascending channel and key support levels. Entry Strategy: Look for confirmed bullish price action (e.g., strong bullish candlesticks) at the 4300 current support level, especially if it coincides with a touch of the lower channel trendline. Initial Target: 4400 resistance. A break above this level would be a strong bullish signal. Main Target: 4500, aligning with the top of our ascending channel and potential price extension. Risk Management: A stop-loss order placed just below the 4300 support zone or ideally below the 4200 deeper support would be prudent to manage downside risk if the bullish structure fails. Conclusion: With strong fundamental drivers and a clear bullish technical setup on the 4H timeframe, Gold (XAUUSD) presents an attractive long opportunity. Keep a close eye on the 4300 support level for potential entry signals. Should buyers step in as anticipated, a run towards the 4500 target looks increasingly probable. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.

Solana's 190 Battle: Can Bulls Break the Downtrend? Overview: SOLUSD is currently trading around 188.26 on the 4-hour timeframe, positioned just below the critical 190 Deciding Area. After a notable decline from previous highs, Solana has found intermediate support and has begun to form an ascending green channel. However, this nascent bullish structure is immediately challenged by a significant descending red trendline, which has consistently acted as overhead resistance during the recent downtrend. This convergence of dynamic resistance and horizontal support/resistance creates a pivotal zone for Solana's next move. Bullish Scenario: For Solana to confirm a shift in momentum and initiate a sustainable recovery, it must first reclaim and firmly hold above the 190 Deciding Area. Subsequently, a decisive breakout above the prominent descending red trendline, ideally coupled with continued momentum within the ascending green channel, would be crucial. If these conditions are met, the next target for bulls would be the formidable 200 to 205 Key Resistance zone. Successfully overcoming this key resistance would pave the way for a potential retest of higher levels, eventually aiming for the prior peak levels above 236. Bearish Scenario: Conversely, if SOLUSD fails to reclaim the 190 Deciding Area or is decisively rejected by the descending red trendline, bearish pressure is likely to intensify. Such a rejection would prompt a retest of the lower boundary of the ascending green channel and, more critically, the 175 Current Support level. A confirmed breakdown below the 175 Current Support, especially if accompanied by a breach of the ascending channel, would signal a strong continuation of the bearish trend. In such a scenario, the market would likely target the deeper 160 to 165 Key Zone, which would become a crucial area for any potential buying interest to emerge and prevent further declines. Key Takeaways: The 190 Deciding Area and the confluence of the descending trendline and ascending channel are the focal points for SOLUSD. A clear break above these resistances is required for bulls to take control, while a failure to hold current levels could quickly lead to further downside. Traders should closely monitor these key zones for definitive directional signals. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.

XRP at the Edge: Can it Conquer 2.500 for a Fresh Rally? Overview: XRPUSD is currently trading around 2.4736 on the 4-hour timeframe, locked in a crucial battle as it attempts to break above the 2.500 1st Resistance. The price has shown resilience, forming an ascending green channel after finding support near the 2.350 Deciding Level. However, it's also confronting a significant descending red trendline from its prior downtrend, creating a pivotal point for its near-term trajectory. Bullish Scenario: For XRP to establish a strong bullish continuation, it must achieve a decisive breakout and sustained hold above the 2.500 1st Resistance and, critically, clear the overhead descending red trendline. A successful push past this confluence would open the doors for a challenge towards the 2.700 Key Resistance. If this key resistance is overcome, the path would then clear towards the more significant 2.90 to 2.95 Flip Zone, signaling a potential shift in the overall trend and continuation of the upward momentum. Bearish Scenario: Conversely, if XRPUSD fails to overcome the 2.500 1st Resistance and the descending red trendline, or if it loses momentum from its current levels, a retracement is highly probable. Such a move would likely lead to a retest of the ascending green trendline, which has been providing dynamic support, along with the foundational 2.350 Deciding Level. A confirmed breakdown below the 2.350 Deciding Level, especially if it breaks the ascending channel, would indicate strong bearish pressure, pushing the price towards the 2.1 Next Support zone, where buyers would need to step in to prevent further declines. Key Takeaways: The immediate price action around the 2.500 1st Resistance and the descending red trendline is paramount for XRPUSD's short-term direction. A breakout would confirm renewed strength, while a rejection could send it back to retest the crucial 2.350 Deciding Level. Traders should closely observe these zones for clear indications of the next significant move. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.

Ethereum's 4000 Battle: Can Bulls Hold the Line? Overview: ETHUSD is currently navigating a critical juncture around the 3,970 level on the 4-hour timeframe. The price is retreating after facing rejection at the confluence of the 4085 horizontal resistance and a prominent descending red trendline. Simultaneously, it is approaching an active ascending green support trendline and the crucial 3850 to 3950 Possible Retest zone, setting the stage for a significant directional move. Bullish Scenario: For Ethereum to regain bullish momentum and attempt a push higher, it is paramount that the price finds strong support at the ascending green trendline or within the 3850 to 3950 Possible Retest zone. A successful bounce from this area, followed by a decisive break and sustained hold above both the 4085 level and the descending red trendline, would be a strong bullish signal. If these immediate resistances are overcome, the next significant targets would be the 4200 to 4300 Strong Resistance zone, and subsequently, the 4500 Flip Zone, indicating a potential continuation towards new highs. Bearish Scenario: Conversely, if ETHUSD fails to secure support at the ascending green trendline or if the 3850 to 3950 Possible Retest zone is breached, it would indicate a loss of the current upward structure. A confirmed breakdown below 3850 could lead to an accelerated move lower, with the 3700 Key Level becoming the immediate bearish target. Should this level also fail to hold, the path would likely open towards the deeper and highly significant Key Support near 3500, where stronger demand would be needed to prevent further declines. Key Takeaways: The immediate price action around the ascending green trendline and the 3850 to 3950 Possible Retest zone is critical for Ethereum's short-term outlook. Bulls need to defend these levels vigorously to maintain hopes for an upward breakout. Failure to do so, combined with continued rejection at 4085 and the descending trendline, would heavily favor a bearish continuation. Traders should monitor these key zones closely for confirmation of the next major directional bias. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.

BTCUSD: The 110K Frontier: Where Will Bitcoin Head Next? Overview: BTCUSD is currently trading around the pivotal 110,800 level on the 4-hour timeframe. After a significant retracement from its previous highs, Bitcoin has found tentative support and is now attempting to recover within an ascending channel, defined by a rising green trendline. However, the price is simultaneously confronting a significant descending red trendline, which has been acting as a dynamic overhead resistance from the prior downtrend. This confluence of forces sets up a critical juncture for the cryptocurrency. Bullish Scenario: For bullish momentum to gain traction and establish a new upward leg, BTCUSD must achieve a decisive breakout and sustained hold above both the immediate descending red trendline and the 110K Deciding Area. A successful move above this confluence would likely lead to a retest of the 113K to 114K 1st major Resistance zone. Clearing this initial major resistance would then open the path towards the formidable 120K-121K Key Resistance, with the ultimate target being a revisit of the All time High above 124K. Bearish Scenario: Conversely, if BTCUSD fails to overcome the current overhead resistance or if the price loses the critical 110K Deciding Area as established support, we could anticipate renewed downward pressure. Such a move would likely lead to a retest of the ascending green trendline, which currently provides dynamic support, alongside the horizontal 108K Current Support level. A confirmed breakdown below 108K, particularly if it breaches the ascending channel, would indicate strong bearish intent. This would then bring the crucial Key Support 98K to 103K zone into play, which represents a significant demand area where buyers may step in for potential stabilization. Key Takeaways: The convergence of the descending trendline, the 110K Deciding Area, and the ascending channel creates a highly sensitive zone for BTCUSD. Traders should closely monitor price action around these levels for a clear break in either direction, which will likely dictate the market's next significant move. Holding 108K is paramount for maintaining the current recovery structure. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.

Solana's Crucial Test: Approaching Trend Change Resistance SOL/USD on the 4-hour timeframe illustrates a significant market movement, characterized by a sharp correction followed by a determined recovery. Solana is currently testing a critical confluence of resistance, which will be instrumental in dictating its near-term direction. This analysis will detail Solana's recent price action and highlight the pivotal levels that define its current standing. The Retreat and The Resilient Foundation Solana experienced a robust uptrend that peaked near the 240 level in early October. This was succeeded by a notable decline, as price broke down through several key levels. It pierced the 230 1st Resistance (now support), the 220 to 224 Deciding Area, and the 215 Key Support (now resistance). A particularly sharp drop on October 11th brought Solana down to establish a firm base around the 175 support level. This zone demonstrated strong buying interest, effectively halting the decline. The Grand Comeback: From Depths to Decision Following the bounce from the 175 support on October 11th, Solana initiated an impressive recovery. This upward movement is marked by a series of strong green candles, indicative of renewed bullish momentum. The price has successfully climbed from its lows, consolidating above the Next Support near 190 (green band) and showing a clear upward trajectory, as depicted by the dotted white lines forming a potential ascending structure. This significant comeback has now brought Solana directly into the 200 to 205, Trend Change zone (light green band). This area is further reinforced by a descending red trendline, creating a critical overhead resistance confluence. The Current Crossroads: 200 to 205 and the Trendline Solana is currently engaged in a battle within the 200 to 205, Trend Change zone, simultaneously confronting the descending red trendline. This convergence of resistance is crucial; a decisive break above both this zone and the trendline would signify a potential shift in the short-term trend from bearish to more neutral or bullish. Conversely, a rejection here could lead to a consolidation or a retest of immediate support levels. Key Levels to Watch: Resistance & Support On the Upside (Resistance): 200 to 205, Trend Change & Descending Trendline: This immediate confluence represents the most critical overhead barrier. A sustained break above these would be a strong bullish signal. 215 Key Support (now potential resistance): Above the 200-205 zone, this red band represents the next significant resistance, which previously acted as crucial support. 220 to 224 Deciding Area: This grey band is a higher resistance zone that previously served as a consolidation and pivot point. 230 1st Resistance: The yellow band marks another significant resistance point, aligning with prior peaks during the earlier uptrend. 240: The dark red band represents the previous local top. On the Downside (Support): Next Support near 190: This green band acts as immediate support for the current recovery. Maintaining price above this level is important for continuing the upward momentum. 175: This dark green band remains the ultimate foundational support. A break below this level would invalidate the current recovery structure and could signal further downside. Potential Scenarios from Here The chart illustrates potential paths forward with dotted white lines: Bullish Scenario: A successful and sustained breakout above the 200 to 205, Trend Change zone and the descending red trendline could propel Solana towards the 215 Key Support (now resistance) and subsequently the 220 to 224 Deciding Area. Correction Scenario: A rejection from the current resistance confluence might lead to a retest of the Next Support near 190. A deeper pullback could see the price testing the 175 support if the 190 level fails to hold. Conclusion Solana has demonstrated strong resilience, bouncing robustly from the 175 support. It now faces a critical test at the confluence of the 200 to 205, Trend Change zone and the descending trendline. The ability of Solana to decisively overcome this resistance will be key to determining whether its recovery can evolve into a more significant trend reversal or if a period of consolidation or deeper retracement is more likely. Close observation of price action around these crucial levels is essential for understanding Solana's short-term market direction. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.

XRP's Resilient Rebound: Navigating Resistance XRP/USD on the 4-hour timeframe reveals a market that has recently undergone a significant correction followed by a robust recovery. Currently, XRP is challenging an important overhead resistance, setting the stage for its next move. This analysis outlines XRP's recent trajectory and identifies the critical price levels that will likely dictate its short-term direction. The Retreat and The Resilient Foundation XRP experienced an uptrend early in October, pushing towards the 3.00 level. However, this momentum was short-lived, leading to a notable downtrend that saw the price decline through several support zones. The asset broke below the 2.8 to 2.85 teal band and the 2.700 red resistance, culminating in a sharp drop on October 11th. This significant correction ultimately found strong foundational support within the 2.3500 teal zone. This area proved resilient, indicating significant buying interest at these lower price points. The Grand Comeback: From Depths to Decision From the robust 2.3500 support on October 11th, XRP initiated a strong recovery. This bounce is characterized by a series of assertive green candles, signaling a powerful re-emergence of buying pressure. The price successfully rallied, moving up from its lows and establishing a short-term upward momentum, depicted by the dotted white lines forming a potential ascending channel or W-formation. This impressive comeback has led XRP to trade above the 2.500 green support band, which it has used as a launchpad for its continued ascent towards a more significant resistance. The Current Crossroads: Approaching 2.700 Resistance XRP is currently showing strong upward momentum as it approaches the 2.700 resistance level (red band). This area previously acted as a key pivot point before the sharp decline. Overcoming this resistance would be a significant bullish development, suggesting the recovery has strong underlying conviction. Conversely, a rejection here could prompt a retest of immediate support. Key Levels to Watch: Resistance & Support On the Upside (Resistance): 2.700: This is the immediate and most critical overhead resistance. A sustained break and hold above this level would signal significant bullish strength. 2.8 to 2.85: Should XRP clear 2.700, this teal band represents the next major resistance zone. It previously acted as support before the breakdown. 2.90 to 2.95: This grey band marks a higher resistance area, which would come into play after clearing the 2.8-2.85 zone, potentially aligning with previous highs. On the Downside (Support): 2.500: This green band acts as immediate support for the current recovery. Maintaining price above this level is crucial for the continuation of the bullish momentum. 2.3500: This teal zone represents a strong foundational support level where the recent major decline found its bottom. A retest here would imply a deeper correction but could also offer a significant bounce opportunity if it holds. Potential Scenarios from Here The chart illustrates potential paths forward with dotted white lines: Bullish Scenario: If XRP can decisively break and hold above the 2.700 resistance, it could target the 2.8 to 2.85 zone and potentially even higher towards the 2.90 to 2.95 resistance. Correction Scenario: A rejection from the 2.700 resistance could lead to a retest of the 2.500 support. If 2.500 fails to hold, a deeper pullback towards the strong 2.3500 support could occur before another attempt at higher prices. Conclusion XRP has demonstrated notable resilience with a strong bounce from the 2.3500 support zone. The asset is now facing a crucial test at the 2.700 resistance. The ability of XRP to overcome this immediate barrier will be critical in determining whether its recovery can extend further or if a period of consolidation or retracement is more likely. Monitoring price action around 2.700 and 2.500 will provide crucial insights into XRP's short-term direction. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.

Ethereum's critical juncture at 4200-4300 ETH/USD on the 4-hour timeframe presents a compelling picture of a market at a crucial inflection point. Following a significant correction, Ethereum has staged a notable recovery and is now testing a formidable resistance zone. This analysis delves into Ethereum's journey and outlines the key levels that will shape its immediate future. The Retreat and The Resilient Foundation Ethereum experienced a strong rally that culminated around the 4700 mark in early October. This was followed by a sharp downturn, seeing the price drop significantly over several days. The decline found its ultimate floor around the Key Support near 3500 area, with an initial bounce originating from the 3700 1st Key Support level. These lower regions proved to be robust foundations, indicating strong demand at these price points. The Grand Comeback: From Depths to Decision From these lower support levels around October 11th, Ethereum initiated a robust recovery. A series of strong green candles indicates significant buying interest, driving the price upwards. This upward movement is currently encapsulated by an ascending trend channel (white lines), suggesting a short-term bullish momentum. Ethereum has successfully pushed back up through the 4100 Deciding Area (grey band), which acted as both support and resistance previously. The price is now directly engaging the 4200 to 4300 Strong Resistance (red band). This zone represents a significant overhead barrier, where previous bullish momentum stalled, and price consolidated before its major decline. The Current Crossroads: 4200 to 4300 Strong Resistance Ethereum is currently battling within the 4200 to 4300 Strong Resistance zone. This area is crucial as it signifies a previous consolidation region before the sharp move down. Overcoming this resistance would be a strong indicator of continued bullish intent, whereas a rejection could signal a pause or retracement in the current recovery. Key Levels to Watch: Resistance & Support On the Upside (Resistance): 4200 to 4300 Strong Resistance: This is the immediate, critical barrier. A sustained break and hold above this zone would be a strong bullish signal. 4500 Flip Zone: Above the current resistance, this teal band represents the next significant challenge. This area has historically acted as both support and resistance, indicating its importance as a potential turning point or consolidation zone. On the Downside (Support): Ascending Trend Channel: The lower boundary of the white trendlines provides dynamic support for the current bounce. A breakdown below this could indicate a loss of short-term momentum. 4100 Deciding Area: Below the current price, this grey band is now acting as immediate support. Holding this level is crucial for maintaining the current upward trajectory. 3850 to 3950 Possible Retest: This light green zone offers a deeper support level if the 4100 area fails to hold. A retest here could provide another entry for buyers, assuming the overall bullish structure remains intact. 3700 1st Key Support: A significant support level established during the recent bottoming process. Key Support near 3500: The ultimate critical support. A breach below this level would signal a major breakdown of the recovery structure and could lead to further downside. Potential Scenarios from Here The chart illustrates potential paths forward with dotted white lines: Bullish Path: A successful breakout and sustained close above the 4200 to 4300 Strong Resistance could see Ethereum targeting the 4500 Flip Zone. Correction Path: A rejection from the current 4200 to 4300 Strong Resistance might lead to a retest of the ascending trendline and the 4100 Deciding Area. A deeper pullback could see the price testing the 3850 to 3950 Possible Retest zone. Conclusion Ethereum is currently at a critical juncture, testing a strong resistance level after a robust bounce from key support. The ability to overcome the 4200 to 4300 Strong Resistance will be paramount in determining the immediate bullish continuation. Conversely, a failure to break through could prompt a retracement to established support levels. Close observation of price action around these defined zones, especially the 4200 to 4300 Strong Resistance and the 4100 Deciding Area, is essential for understanding Ethereum's short-term direction. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.

BTCUSD at a Turning Point: Analyzing the Key 114K-115K Level Bitcoin finds itself at a pivotal moment, with recent 4-hour price action for BTC/USD showcasing a significant recovery from key support. The asset now stands at a crucial juncture. This analysis delves into Bitcoin's journey and outlines the key levels that will shape its immediate future. The Retreat and The Resilient Foundation A strong uptrend culminated around early October, pushing Bitcoin towards the formidable 120K-121K Key Resistance area. This ascent was then met with a sharp and decisive downturn, which has been contained within a Dynamic Resistance Trend channel. The correction led to Bitcoin losing significant ground, testing and eventually finding solid footing around the Key Support 108K region (the dark green band). This level proved to be a robust foundation, indicating strong demand at these lower price points. The Grand Comeback: From Depths to Decision From the depths of the 108K Key Support on October 11th, Bitcoin initiated an impressive bounce. This recovery is marked by a series of strong green candles, indicating a powerful resurgence of buying pressure. The price has since managed to push past interim lows, demonstrating market conviction to reclaim higher levels. This remarkable comeback has brought Bitcoin directly into the 114K to 115K Deciding Area (highlighted in teal). This zone is critical, having previously acted as both support during an earlier uptrend and subsequently as a resistance level during the sharp decline. Its current re-engagement marks a pivotal moment for BTC's short-term trajectory. The Current Crossroads: 114K to 115K Deciding Area Bitcoin is currently consolidating within the 114K to 115K Deciding Area. The price is attempting to establish a foothold here, but it's clearly a battleground where bulls and bears are fiercely contending for control. Recent price action within this zone indicates indecision and a struggle for dominance. Key Levels to Watch: Resistance & Support On the Upside (Resistance): 114K to 115K Deciding Area: The immediate hurdle. A sustained breakout above this area would be a bullish signal. Dynamic Resistance Trend channel: This descending red channel has governed the price action since the peak. A breach of this trendline would suggest a significant shift in momentum, opening the door for further upside. 120K-121K Key Resistance: This major red band represents the previous local top and will require substantial buying volume and conviction to overcome. On the Downside (Support): 112K: Should Bitcoin fail to maintain the 114K-115K area, the 112K level (white horizontal line) offers the first line of immediate support. 110K - Possible Retest: Below 112K, the light green band around 110K presents the next significant support zone. A retest here would imply a deeper retracement within the current bounce but could also offer a fresh entry point for bulls. Key Support 108K: This dark green zone remains the ultimate line in the sand for the current recovery structure. A breakdown below 108K would invalidate the recent bounce and signal a potential for further downside. Potential Scenarios from Here The potential paths forward are illustrated with dotted white lines: Bullish Scenario: If Bitcoin successfully holds and breaks above the 114K-115K Deciding Area, a push towards the Dynamic Resistance Trend channel could occur. A decisive break above this channel could then target the 120K-121K Key Resistance. Bearish Scenario: A rejection from the 114K-115K Deciding Area would likely lead to a retest of 112K. If that fails to hold, a move down to the 110K - Possible Retest zone is plausible, before another attempt higher or a deeper continuation of the pullback. Conclusion Bitcoin is currently at a fascinating crossroads. The resilience demonstrated from the 108K Key Support is undeniable, proving that demand exists at lower levels. However, the path forward is fraught with critical resistance, particularly the 114K-115K Deciding Area and the overhead Dynamic Resistance Trend channel. Observing price action around the 114K-115K Deciding Area will provide definitive clues on the next significant move. A sustained breakout could ignite further upside momentum, while a rejection could lead to a healthy retest of lower support levels, potentially offering new entry opportunities. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.

BTC: 114 K-115K Deciding Area in Focus After Sharp Rebound After testing the bottom levels at 103K, BTC today has mounted a strong rebound, currently re-entering and challenging the 114K−115K zone. This upward move is now directly confronting the 'Dynamic Resistance Trend channel' established during the recent downtrend. Key resistance levels to watch are the upper bound of the 114K−115K area and the dynamic trend channel, followed by the formidable 120K−121K 'Key Resistance'. Should this bounce fail, crucial support can be found at the $110K 'Possible Retest' level, followed by the 'Key Support 108K'. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.