Bitcoin
Long
Updated

BTCUSD 1 HOUR FRAME ANALYSIS

101
May be consoldation Market bullish in up trend .
1. Key Zones Identified
Resistance Zone (~109,000 – 110,000 USD):
Marked by the upper blue shaded rectangle. This is where price previously got rejected multiple times, forming a ceiling.
Support Zone (~105,000 – 106,000 USD):
Marked by the lower blue shaded area. This is where price bounced back up multiple times, forming a floor.
2. Chart Pattern
Descending Channel (Bearish Trend):
The price moved downward inside a slanted channel (indicated with green lines and shading), respecting the upper and lower boundaries of this channel.
Breakout Setup:
The price appears to be breaking out of the descending channel, with a bullish green arrow showing a projected upward move. This suggests a potential reversal from the recent downtrend.
3. Trading Outlook
Bullish Breakout:
The large blue arrow and green zone imply an expectation of upward price movement. The red box below that arrow may indicate the stop-loss zone, signaling where risk is defined.
Entry Zone:
Price currently at ~105,765, possibly just breaking out of the descending channel. This may be interpreted as a long entry opportunity.
4. Strategy Interpretation
Buy Signal Confirmation:
If price closes above the descending channel with volume, it supports a long (buy) setup.
Target Area
Around 108,000 – 109,000 USD, likely aiming to retest the previous resistance zone.
Stop-Loss Zone:
Below 105,000 USD to manage risk.

Trade active
Congratulation guys our half target has been achived around 100+PIPS is in running progress . market is in our favour .
Trade closed: target reached
Congratulation guys our target has been hit around 386+PIPS in profit . its a big target and ready for next target.

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