ThePipMaster01

Timeframe: 1D (Daily) Exchange: Bitstamp --- 🟡 Market Structure Bitcoin has recently been trading within a defined trend zone between approximately $120,000 and $130,000, showing repeated rejections from the upper resistance area. The chart indicates a series of lower highs and lower lows, suggesting a potential short-term bearish bias. --- ⚪ Key Levels Trend Zone (Resistance): $120,000 – $130,000 Support Level: Around $99,000 – $100,000 Next Major Support Target: Around $91,000 --- ⚙️ Technical Outlook Price has recently bounced from the support level but appears to be testing the previous breakdown zone (around $103K–$104K). If sellers maintain control at this level, a rejection could lead to a continuation toward the $91K area. Conversely, a break and close above $105K could invalidate this structure and indicate renewed bullish momentum. --- 📉 Possible Scenario Bearish Case: Rejection near $104K–$105K → Move toward $91K support zone. Bullish Case: Break and close above $105K → Potential retest of $115K+ region. --- ⚠️ Disclaimer This idea is for educational and analytical purposes only. It does not constitute financial advice or a recommendation to buy or sell any asset. Always conduct your own analysis and manage risk appropriately before making any trading decisions.

Gold has broken out of a long-term accumulation zone and is now retesting prior resistance as new support. The current pullback may offer a potential continuation opportunity if bullish momentum returns. --- 🧭 Technical View Accumulation Zone: 3,200 – 3,400 (sideways consolidation) Breakout: Strong impulsive move to ~4,200 Retest Area: 3,850 – 3,900 (support retest) Potential Target Zone: 4,430 – 4,600 Invalidation (Breakdown): Below 3,725 --- 🧩 Chart Structure 🟨 Trend Zone → Base accumulation (highlighted in purple box) ⚫ Correction Phase → Short-term pullback from new highs 🟩 Target Zone → Bullish continuation projection ⬆️ Bias: Bullish while above support --- 📚 Educational Note This setup illustrates a classic breakout–retest pattern often observed after strong trends. It’s shared for learning and analysis, not as financial advice.