BTAI has likely completed an impulsive 5-wave decline followed by an ABC corrective structure. The final leg (v) of the downtrend appears to have ended near $1.35, where price action shows a reversal signal.
Currently, price is attempting to recover and may retest the descending trendline and previous structure zone near $1.60 — a level that served as strong support previously and now acts as resistance.
If the price breaks this zone with volume confirmation, it could trigger a short-term bullish breakout. Until then, this is considered a corrective rally within the broader downtrend.
Key Levels:
Support: $1.35
Resistance: $1.60
Target: $1.60 (potential +16%)
Conclusion:
A short-term bounce is unfolding. Watch $1.60 for reaction — rejection or breakout will determine the next leg.
Currently, price is attempting to recover and may retest the descending trendline and previous structure zone near $1.60 — a level that served as strong support previously and now acts as resistance.
If the price breaks this zone with volume confirmation, it could trigger a short-term bullish breakout. Until then, this is considered a corrective rally within the broader downtrend.
Key Levels:
Support: $1.35
Resistance: $1.60
Target: $1.60 (potential +16%)
Conclusion:
A short-term bounce is unfolding. Watch $1.60 for reaction — rejection or breakout will determine the next leg.
أغلقت الصفقة: تم الوصول للهدف
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💼 Professional market insights & charts:
cakirinsights.com/
cakirinsights.com/
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.