Bullish Scenario (dashed arrow upward)

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Bullish Scenario (dashed arrow upward)Bitcoin/USDOKX:BTCUSDBriana_FXResistance Zone (Top Red Box): Range: Around 122,500 – 123,500 USD Multiple price rejections have occurred here (marked with orange circles). This suggests strong selling pressure around this level. Support Zone (Bottom Red Box): Range: Around 114,500 – 115,500 USD Several price bounces from this zone are marked with green circles, indicating buying pressure and strong support. Current Price: Approximately 117,844.3 USD Chart Interpretation: Two potential scenarios are illustrated: Bullish Scenario (dashed arrow upward): A bounce from the support zone around 115,000 could lead to a rally toward the resistance near 123,000. Bearish Pullback: A further dip toward the support zone before any bullish recovery. Candlestick Patterns: The chart shows multiple wicks both up and down, indicating volatility and price testing of both zones. This chart suggests the trader is waiting for a reaction at the support level for a potential long trade targeting the resistance zone.