BTC 30 minutes chart
2024-11-28

The chart appears to represent a technical analysis of Bitcoin (BTC/USDT) on the 30-minute timeframe from Binance. Here are the main points:

1. Current Price:
Bitcoin is trading at $96,060.81 as of the timestamp on the chart.


2. Sell Zone:

A red rectangular area indicates a sell zone between approximately $98,000 and $100,000.

This is a resistance area where sellers are expected to dominate, potentially causing a price reversal.



3. Target Zone:

The target zone is highlighted in yellow, ranging from $85,089.09 to $87,256.45.

This indicates a bearish target if the price fails to hold above key support levels and drops below the sell zone.



4. Scenario Paths:

Bullish Scenario: The green arrow suggests that if Bitcoin breaks above the sell zone (around $98,000–$100,000), it could rally to the next major resistance level at $107,421.48.

Bearish Scenario: The white arrow projects that if Bitcoin rejects the sell zone and breaks below support levels, it may drop toward the target zone near $85,000.



5. Technical Patterns:
The chart illustrates potential breakout and breakdown scenarios, showing price trends and reactions to key levels.

