$BTC

Market Analysis Strategy

1. Key Levels:

The chart identifies important resistance levels (green lines) at 99,190, 103,025, and 108,324. These are areas where price is likely to face selling pressure.

The support levels (red and yellow lines) represent areas where the price might bounce or reverse. The critical support target is at 66,738, which is our long-term bearish projection.

2. Trend Observation:

We’re analyzing the overall price movement by focusing on higher highs and lower lows (marked by circles). These points help us understand the market trend and anticipate where the price is heading.

The dotted lines represent our anticipated price path based on the market structure.

3. Scenario Planning:

If the price breaks below the yellow support zone, we expect a strong bearish move to the red support at 66,738.

If the price holds above support, we may see a temporary recovery towards resistance levels, but the overall trend remains bearish unless the structure changes.