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$BTC BTC/USD 1day analysis ✍
Key Fibonacci retracement levels
Breakout zone at $98,500
Next short-term resistance
0.5 : $103,770
Decision zone
0.618 : $109,440
Key trend resistance
0.786 : $116,543
Previous high
1.000 : $126,100
Market structure
- The price rebounded from the major support at *$80,646*, forming a clear low.
It is now in a bullish recovery phase.
If the price breaks below $98,500, it could open the way to $103,770 then $109,000.
- The current candle is bullish, with good volume: a positive sign for continuation.
Short-term trend: Bullish
Zones to watch: $98,500 / $103,770 / $109,440
Important support: *$91,979 USDT*, then *$80,646 USDT* if correction occurs.
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