BTC Retracement Zone
2025-01-16
Category: None

hello mates what are your thoughts on BTCUSD.

Current Price: 99300

Market is ready for sell retracement as it has been unable to drop to its supporting area 95000. Now 99500 Area is a sell retracement area and from this position market's next target will be 97500. After breaking out this area market will enter liquidity zone 95500 as it can show a little support to BTC. if market breaks 95500 position then it will further drop up to 92000. 

Key Positions: 
Resistance: 100500, 101500
Supporting Area: 95500, 92000

Note:
Target 1: 97500
Target 2: 95000
Stop Loss: 102000

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