Btc / UsdtBITSTAMP:BTCUSD
1. **Current Price Zone (\~108,000):**
* Price is consolidating just under a supply zone (red rectangle), showing potential rejection from the upside.
* The price briefly pushed above the rising trendline but failed to hold it.
2. **Bearish Structure Forming:**
* Price action suggests a **lower high** and potential **head-and-shoulders** pattern.
* Red squiggle indicates a likely **short-term bearish movement** — a drop to the **demand zone** around **105,700–106,900**.
3. **Demand Zone/Order Block:**
* Marked below near **105,741** with label **"Order"**, showing where potential buy orders may sit.
* This is the first major area where price might find support.
4. **Downside Levels:**
* **106,933** and **105,741**: Potential short-term supports.
* **98,332 (Weekly level)**: If the structure breaks fully, price could revisit this major demand zone.
5. **Upside Resistance:**
* **Red supply zone above 109,000** acts as strong resistance — if BTC breaks that with volume, bullish bias resumes.
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### 📉 **Short-Term Bias:**
* **Bearish** unless BTC breaks and holds above **109,000**.
* Expecting a pullback toward **106.9k** or **105.7k**, which may offer **buy-the-dip** opportunities.
Disclaimer : Not Financial Advice
