What is Bitcoin Key Zone?
Support: A price area where the price of Bitcoin is falling, but finds many buyers, causing the decline to stop or reverse to an increase.
Resistance: A price area where Bitcoin is rising in value, but is facing significant selling pressure, limiting further upside.
Confluence Zones: Places where multiple technical indicators or levels (such as trend lines or Fibonacci levels) intersect.
Why is Bitcoin Key Zone important?
Determine entry and exit points:
Helps traders choose the right moment to open or close positions.
Momentum measurement:
Find out if Bitcoin will break through or bounce off these areas.
Risk management:
Using these areas to determine stop loss or take profit levels.
How is Bitcoin Key Zone determined?
Technical analysis:
Using indicators such as trend lines, support and resistance levels, and Fibonacci.
Trading volume:
Monitor areas where the market is experiencing a significant increase in trading volume.
News & Events:
Any news related to regulation, crypto adoption, or major events.
#bitcoinkeyzone $Bitcoin
