Title: BTC/USDT Update: Rejection at Major Supply Zone! 📉🔥
🔹 Entry: $92,200 - $92,500
🎯 Target 1: $91,600 (Quick Profit)
🎯 Target 2: $91,000
🎯 Target 3: $90,500 (Major Support)
🛑 Stop Loss: $93,100
Technical Analysis:
Bitcoin is currently testing a significant supply zone on the 1-hour timeframe. The price has reached the resistance area and is showing signs of exhaustion. I am looking for a short-term correction toward the lower demand zone.
Key Observation:
If BTC fails to break above this purple resistance box, we expect a pullback to rebalance the market. Watch for bearish price action confirmation before entering!
#BTC #TechnicalAnalysis #BinanceSquare
