This BTC/USD 1-hour chart highlights a critical range-bound zone with potential breakout and breakdown scenarios. The price is currently consolidating within a defined range, and a move outside this zone could dictate the next direction.
Breakout Targets:
Target 1: $79,500
Target 2: $80,500
Watch the Reversal Zone for potential resistance.
Breakdown Targets:
Target 1: $82,500
Target 2: $81,500
Below this level, watch for buying interest in the Demand Zone.
Key elements:
Trend Line support has guided the recent bullish move.
Decision point approaching; monitor for a confirmed breakout or breakdown.
Ideal for short-term traders seeking high-probability setups based on price action and support/resistance levels.
Stay alert for volume spikes or news catalysts that could trigger a move beyond the range.
Note:
This is not a trading signal, just my personal analysis based on current market trends.
Breakout Targets:
Target 1: $79,500
Target 2: $80,500
Watch the Reversal Zone for potential resistance.
Breakdown Targets:
Target 1: $82,500
Target 2: $81,500
Below this level, watch for buying interest in the Demand Zone.
Key elements:
Trend Line support has guided the recent bullish move.
Decision point approaching; monitor for a confirmed breakout or breakdown.
Ideal for short-term traders seeking high-probability setups based on price action and support/resistance levels.
Stay alert for volume spikes or news catalysts that could trigger a move beyond the range.
Note:
This is not a trading signal, just my personal analysis based on current market trends.
Trade active
brekdown target 1 reachedTrade closed: target reached
target reached successfully 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.