
traderslandXYZ
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traderslandXYZ

Bitcoin - Key Demand Zone Holding, Potential Reversal?📊 Market Overview:Bitcoin has recently retraced from its all-time high and is now testing a critical demand zone (highlighted in green). Historically, similar areas have provided strong support, leading to bullish reversals.🟢 Key Levels to Watch:🔲 Support Zone: The black box marks a region of historical demand where buyers previously stepped in.📉 Resistance Levels: The chart shows heavy supply areas near 87K and 98K, where previous rallies stalled.📈 Technical Analysis:The previous rally from a similar support zone (mid-2023) suggests this level has strong buying interest.The trend indicator shows price interacting with a dynamic support area (blue band).Potential reversal with a green arrow pointing to a possible bounce.⚠️ Key Risks:A breakdown below support could lead to further downside toward lower liquidity zones.Market sentiment remains mixed, with structure signals indicating volatility.🔥 Trading Plan:Bullish Scenario: A successful hold of this zone could see Bitcoin reclaim 87K and push toward 98K.Bearish Breakdown: If support fails, watch for liquidity grabs at lower levels around 75K-70K.📢 What do you think? Will Bitcoin bounce or break lower? Drop your thoughts in the comments!#BTC #Crypto #Trading #Bitcoin #PriceAction #SupportAndResistance 🚀
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Any content and materials included in Sahmeto's website and official communication channels are a compilation of personal opinions and analyses and are not binding. They do not constitute any recommendation for buying, selling, entering or exiting the stock market and cryptocurrency market. Also, all news and analyses included in the website and channels are merely republished information from official and unofficial domestic and foreign sources, and it is obvious that users of the said content are responsible for following up and ensuring the authenticity and accuracy of the materials. Therefore, while disclaiming responsibility, it is declared that the responsibility for any decision-making, action, and potential profit and loss in the capital market and cryptocurrency market lies with the trader.