CandleVerse Trades

In today’s 30-minute Heikin Ashi chart of BTCUSDT (Binance), we’re witnessing a strong bullish recovery after a significant sell-off that occurred earlier this week. Price has now retraced upward and is currently testing a major resistance area between 106,375.65 and 106,794.67 USDT, which is visually marked as a supply zone in dark red. This zone has previously acted as a high-volume sell region, and current price action suggests a potential reaction or rejection from this area. Multiple “SELL” labels on the chart indicate that short positions have already been planned or executed at these resistance levels.

At the same time, three green demand zones below the current price highlight areas of interest for potential bullish entries should a pullback occur. The first support zone is marked between 104,544.14 and 105,244.49, where a limit buy and take profit have been set. The next levels, around 104,277.12 and 103,871.09, also offer opportunities for long re-entries if the market decides to retrace before making a new high. These zones are supported by previous consolidation structures and historical price reaction, giving them higher probability for a bounce.

From a trading strategy perspective, this chart presents both short-term shorting and medium-term long opportunities. Traders anticipating a rejection from the supply zone may initiate short positions near the upper resistance range, with stop losses set above 106,800 to avoid fake breakouts. On the other hand, traders waiting for deeper entries can look for bullish confirmation signals in the marked demand zones, especially if price structure shows slowing bearish momentum or reversal candles on Heikin Ashi.

The current bias remains cautiously bearish in the short-term as long as BTC trades below 106,800, especially considering the historical reaction around that level. However, if the price manages to break and sustain above that zone with strong volume, the market may shift to a more bullish structure targeting 107,500 and beyond. For now, the safest play is to respect both levels—looking for rejection at resistance and support at key demand levels—and to avoid chasing price in the middle zone.

This analysis is meant for educational purposes and not financial advice. Always use risk management, never overleverage, and wait for confirmation. Stay tuned for updates and trade safely.

1 year ago | [YT] | 2