mrsamfx81

Price is in a resistance/selling zone near 3,310–3,340.Expected to reject and drop to the target/support near 3,260.Strong bearish bias based on resistance zone. Disruptive Bullish Scenario:Breakout Confirmation:If the price breaks and closes above 3,340, this invalidates the resistance zone.This would trigger stop-losses from sellers and initiate buy momentum.Volume Spike & Momentum:

Weak Breakout Above ResistanceThe current move above the "SUPPORT ZONE" (previous resistance) appears shallow and indecisive.Lack of strong bullish momentum or volume may indicate a false breakout, which could reverse quickly.2. Rejection Wicks Near Key LevelsMultiple upper wicks (longer top shadows) in recent candles suggest seller presence near 106,500–107,000.This is often an early signal of a potential price rejection.3. Low Volume RallyThe recent price push is not supported by increasing volume, which weakens the credibility of the breakout.A bull trap scenario could be forming, drawing longs in before price dumps below the support zone.4. Support Zone Re-Test Could FailThe support zone is thin and may not hold under renewed pressure.A clean break below 105,000 would invalidate the bullish thesis and shift control to bears.5. MACRO & SENTIMENTAL RISKIf market sentiment shifts (e.g., rate hike fears, equity market correction), Bitcoin may follow broader risk-off trends and fall toward 100,000 or even the high 90K levels.📉 Bearish Scenario Projection:Break below 105,000 = confirms weakness.Next downside targets:102,000 (bearish zone)98,000 (prior range low)Possibly lower toward 94,000–96,000 demand blockTRADE ACTIVE

1. Double Top ResistanceThe chart identifies a "double top" near the current level. This is typically a strong bearish reversal pattern.If price fails to convincingly break above this level (around 3,310–3,320), it may indicate a loss of bullish momentum.2. Overextended MoveRecent candles show a steep rally (notably the 3.03 move), which may be overbought on lower timeframes (e.g., RSI likely >70).Parabolic moves are often followed by sharp corrections.3. Support Cluster VulnerabilityThe red shaded support zones could act as liquidity traps. If price dips into those zones and fails to bounce, it may trigger sell-offs.Especially the zone just below the current price — if broken — could accelerate downside toward the "Strong Support Area" around 3,270.4. False Breakout RiskTRADE ACTIVE

The zone near 105,998 has been marked as a key resistance. BTC has previously failed to hold above this level, leading to sharp rejections.Without strong volume confirmation, a breakout above this level may result in another bull trap.Trade activeNoteNote

The price is currently hovering around a critical resistance level just above the support zone.Multiple wicks on the recent candles indicate rejection and selling pressure.This may be a bull trap, drawing in buyers before a dropTrade activeTrade activeNote

Instrument: Gold Spot vs. USD (XAU/USD)Timeframe: 1-hourCurrent Price: 3,176.12Support Area: ~3,120–3,160 (highlighted in pink)Resistance Area: ~3,300 (highlighted in blue)Forecast: Bounce from support and rally toward resistance

The current bearish outlook is valid only if price respects the selling zone and breaks below the weak low. If either of these fail — especially with fundamentals or a liquidity sweep — a bullish reversal or range scenario becomes likely

If CPI data strengthens the dollarPrice could break below support around 3,240.Next key level could be around 3,220 or lower, considering previous downtrend momentumTrade activeActive tradeNote

Support Breakdown Scenario:•If the price fails to hold the highlighted support area (~$103,200), it could invalidate the bullish projection.•A break below $103,000 would likely trigger stop-losses and accelerate downside momentum.Bearish Target:•Next strong support may lie near $101,200–$100,800 (psychological and historical levels).Trade activeTrade active

Price fails to break 3,340–3,360 resistance.2. Rejection leads to another drop toward 3,280 support.3. Weak bounce or no bounce from the support zone.4. Breakdown and continuation to the downside.