🚀📊 BTCUSD Testing 112,700 Resistance – Breakout or Rejection Ahead? 🔍💡
Hey Traders! Kiri here, the FX Professor 🙌 It’s been a while, but I’m back with fresh charts and levels for you. Let’s dive straight in:
🔹 Bitcoin is still holding within an ascending formation. Despite losing parts of the channel earlier, price never tested the big lower support. Instead, it rebounded strongly and is now consolidating in the mid-range.
🔹 The key battleground today is 112,700 – a strong mid-channel support/resistance zone that also aligns with my Fibonacci levels. We’ve already seen rejection here, so it’s the level to watch.
📈 Bullish Scenario:
If BTC breaks and holds above 112,682 – 112,700, we could see momentum pushing price toward 113,000+.
📉 Bearish Scenario:
Rejection at this zone brings downside targets at 112,250 and further down at 111,613.
Remember, September has historically been a tricky month for Bitcoin – lots of games between the big and small players. That’s why risk management is everything!
🔥 Ethereum also looks strong, holding support at 4,275 with upside targets at 4,881 and 6,433 still in play. (chart/post will follow).
For now, I’m trading the levels, taking profits quickly, and letting Fibonacci guide the way. 🎯
One Love,
The FXPROFESSOR 💙
Disclosure: I am happy to be a HUMAN and as an AI-dev let me tell you this: AI will NEVER be able to come close to Human power: no feelings, no thinking, no intuition, no soul. YOU, my fellow human are the biggest strongest piece of Code. You are the best blockchain, your kids, your work, your hobbies, your pets and your Wisdom are the best Altcoins. Remember to live with Love and respect for yourself and for others.🌟🤝📈
