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Gold (XAUUSD) remains in a strong uptrend, adhering to the ascending trendline.Price is currently retreating to the critical demand zone around $2,800, which fits perfectly with the trendline support.✅ Strong bullish momentum continues.✅ Price is retracing to the high probability buy zone.✅ Strong confluence of demand zone + trendline = potential reversal.✅ Targeting new highs above $3,100 if support holds.🔥 Trading Plan:📌 Wait for bullish confirmation near the demand zone before entering.📌 Potential long entry around $2,800 - $2,820.📌 Stop loss below $2,770 to protect capital.📌 Target: New highs above $3,100!

🔍 Key Chart Elements1. Supply Zone (Sell Zone) – Resistance ZoneThe supply zone is highlighted in the upper zone, around $86,000 to $88,000.This zone represents a strong resistance where sellers are active, preventing the price from rising further.Bitcoin recently tested this zone but failed to break through, resulting in a price rejection.2. Demand Zone (Buy Zone) – Support ZoneThe demand zone is located in the lower zone, around $69,000 to $67,000.This is a historical support level where strong buying interest is expected.If Bitcoin reaches this level, a potential bullish reversal could occur.📉 Bearish Price PredictionThe chart contains a downward arrow, indicating an expected bearish move from the supply zone to the demand zone.Reasons for the expected drop:BTC is struggling to gain momentum above $86,000, showing signs of weakness.The recent bearish candles indicate an increase in selling pressure in the market.Failure to break through the resistance level increases the probability of a drop.Price Targets:First Target: Around $74,000, a potential minor support level.Second Target: Around $69,000, in line with the demand zone, which may act as a strong support level.🔄 Potential Alternative Scenario – Bullish Breakout (Low Probability)If BTC manages to break above the $88,000 resistance level, it could trigger a bullish rally.In this case, the next targets would be $92,000 and $96,000.However, given the current market structure, this is unlikely to happen unless the buying momentum increases significantly.

BTCUSD has successfully broken out of the **descending channel**, indicating a potential trend reversal to the upside. The price is currently retesting the 85,272 support zone, which aligns with a rounding bottom pattern—typically a bullish continuation signal.If this support holds and buyers step in, BTCUSD could see upward momentum toward its next key resistance level. The first bullish target is 88,000, which aligns with the previous price structure. A strong breakout above 88,000 could push BTCUSD toward 89,500–90,000, where sellers may re-enter the market.To confirm further bullish momentum, BTCUSD needs to maintain support above 85,000 and show increasing volume on the breakout. If it fails to hold this level, a potential retest of lower zones may occur before another push higher.TARGETS 88,000 - 89,500 - 90,000STOP LOSS 83,000