1. Support and Resistance Levels


• Support Areas:


• The regions marked with blue boxes on the chart are strong demand areas.


• The first support point is the 90,000-93,000 USD level. A reaction from the price can be expected at this level.


• The second support area is between 85,000-88,000 USD.


• Resistance Areas:


• The first significant resistance is at the 100,000 USD level after the breakout.


• The second target resistance zone can be seen as 110,000-115,000 USD.



2. Trend Analysis


• Trend Direction:


• In general, an upward trend prevails. The white trend line (upward support) gives a strong positive signal about the direction of the price.


• As long as the trend line is upward, the bullish expectation can be maintained.



3. Indicator Analysis


• Heatmap:


• Heatmap data clearly shows the levels of buyer and seller concentration. The concentration around USD 93,000 offers a strong support possibility.


• Momentum and Trend Indicators:


• While the uptrend continues, there is no weakening in momentum.



4. Formation and Formation Reversal


• Rising Wedge Formation:


• There is a rising wedge formation where the price breaks upwards.


• Since the target of this formation will generally be a movement equal to the height of the formation, the target may be 105,000-110,000 USD levels.



5. Strategy and Recommendations


• Short Term Strategy:


• The 93,000 USD level can be considered as a short-term buying opportunity.


• In positions taken at this level, the first target can be set as 100,000 USD and the second target can be set as 110,000 USD.


• Medium-Long Term Strategy:


• If the price falls below 90,000 USD, buying opportunities may be sought again from the 85,000-88,000 USD support zone.


• In the long term, the price continues to have the potential to rise above 120,000 USD.



Conclusion


• The uptrend is maintained and buying opportunities at support levels should be evaluated.


• Position management: Risk management can be done by placing stop-loss levels slightly below the support zones (for example, 89,500 USD).


• If the rise continues, the price is likely to reach new targets above 110,000 USD.