Bitcoin

BTC/USD - 1 Hour Chart Analysis

215
Current Situation:

Price: 104,951 USD

Resistance: 106,414 USD

Support: 101,227 USD


Potential Moves:

Downside: If the price drops, it may reach 101,227 USD.

Upside: If 106,414 USD breaks, new highs are possible.


Trading Strategy:

Short Setup: Target: 101,227 USD, Stop-loss: 106,414 USD

Long Setup: Target: New high, Stop-loss: 104,000 USD


Note:

Always follow risk management principles.

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