HELLO TRADERS HERE IS MY OVERVIEW ON BTCUSD
Bitcoin is facing strong resistance around the 113,000–114,000 zone, where sellers are showing dominance. As long as price remains below this resistance, the bias stays bearish.
A continuation to the downside could drive BTCUSD toward the 106,000 support zone, aligning with broader market weakness. Proper risk management is essential — keep a protective stop loss at 114,500 to safeguard against potential reversals.
This setup favors short positions with a high-risk to reward ratio, making it a compelling trade idea for disciplined traders.
https://t.me/+0hBKQl_gCSdkMmY0
Key points :
Current price: 112500
Target area : 106000
Resistance : 112500 /113500
Stop loss : 114500
Bitcoin is facing strong resistance around the 113,000–114,000 zone, where sellers are showing dominance. As long as price remains below this resistance, the bias stays bearish.
A continuation to the downside could drive BTCUSD toward the 106,000 support zone, aligning with broader market weakness. Proper risk management is essential — keep a protective stop loss at 114,500 to safeguard against potential reversals.
This setup favors short positions with a high-risk to reward ratio, making it a compelling trade idea for disciplined traders.
https://t.me/+0hBKQl_gCSdkMmY0
Key points :
Current price: 112500
Target area : 106000
Resistance : 112500 /113500
Stop loss : 114500
IBRAHIM GOLD TRADERS
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