🔻 Bitcoin at Descending Channel Resistance – Watch This Level Closely!
📉 BTC/USDT is currently testing the top boundary of a well-defined descending channel on the 2H chart.
🟨 This zone has acted as strong resistance in the past, and the current reaction suggests the potential for a short-term rejection.
Unless we see a clean breakout above $120K with strong volume and follow-through, the more probable scenario is a pullback towards the midline or lower boundary of the channel.
💡 Notably, this area also aligns with a local supply zone and prior liquidity sweep, making it a key decision point.
⸻
🧭 CryptoPilot’s Take:
This is where patience pays off. No breakout = no FOMO. Watch for confirmation before acting.
⸻
❓ What’s your view?
Will BTC break out and flip bullish here — or is a deeper correction on the way?
👇 Share your thoughts in the comments!
💬 Follow for daily high-probability setups using Smart Money & Wave Theory. Let's grow together!
📉 BTC/USDT is currently testing the top boundary of a well-defined descending channel on the 2H chart.
🟨 This zone has acted as strong resistance in the past, and the current reaction suggests the potential for a short-term rejection.
Unless we see a clean breakout above $120K with strong volume and follow-through, the more probable scenario is a pullback towards the midline or lower boundary of the channel.
💡 Notably, this area also aligns with a local supply zone and prior liquidity sweep, making it a key decision point.
⸻
🧭 CryptoPilot’s Take:
This is where patience pays off. No breakout = no FOMO. Watch for confirmation before acting.
⸻
❓ What’s your view?
Will BTC break out and flip bullish here — or is a deeper correction on the way?
👇 Share your thoughts in the comments!
💬 Follow for daily high-probability setups using Smart Money & Wave Theory. Let's grow together!
📊 CryptoPilot – Advanced Technical Analysis for BTC & Altcoins
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📥 Follow for Daily Setups & Strategic Insights
📩 Contact: @CryptoPilot_1 (Telegram)
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📥 Follow for Daily Setups & Strategic Insights
📩 Contact: @CryptoPilot_1 (Telegram)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📊 CryptoPilot – Advanced Technical Analysis for BTC & Altcoins
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📥 Follow for Daily Setups & Strategic Insights
📩 Contact: @CryptoPilot_1 (Telegram)
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📥 Follow for Daily Setups & Strategic Insights
📩 Contact: @CryptoPilot_1 (Telegram)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.