📊 BTC/USD - 1H Chart Analysis
🔹 Current Price: $81,849.22
🔹 Market Structure: Bearish with lower highs and supply zones in play
📍 Key Levels to Watch:
🔻 Resistance (Sell Zone): $84,747 - $85,531 (FVG & Supply Zone)
🟢 Demand Zone (Buy Area): $79,062 - $74,002
📈 Bullish Scenario:
✅ If BTC breaks and holds above $85,531, it may push toward $87,000 - $89,000 (Fib retracement levels).
📉 Bearish Scenario:
🔻 A rejection at $84,747 - $85,531 could drive BTC down to $79,062 - $74,002 (major demand zone).
💡 Trading Plan:
🎯 Sell Setup: Look for bearish rejection at $84,747 - $85,531.
🎯 Buy Setup: Wait for a reaction at $79,062 for potential long positions.
🎯 Risk Management: Stop-loss above resistance, TP at demand zones.
#FXFOREVER #BTC #Bitcoin #CryptoTrading #TechnicalAnalysis #Forex #FXFOREVER 🚀
🔹 Current Price: $81,849.22
🔹 Market Structure: Bearish with lower highs and supply zones in play
📍 Key Levels to Watch:
🔻 Resistance (Sell Zone): $84,747 - $85,531 (FVG & Supply Zone)
🟢 Demand Zone (Buy Area): $79,062 - $74,002
📈 Bullish Scenario:
✅ If BTC breaks and holds above $85,531, it may push toward $87,000 - $89,000 (Fib retracement levels).
📉 Bearish Scenario:
🔻 A rejection at $84,747 - $85,531 could drive BTC down to $79,062 - $74,002 (major demand zone).
💡 Trading Plan:
🎯 Sell Setup: Look for bearish rejection at $84,747 - $85,531.
🎯 Buy Setup: Wait for a reaction at $79,062 for potential long positions.
🎯 Risk Management: Stop-loss above resistance, TP at demand zones.
#FXFOREVER #BTC #Bitcoin #CryptoTrading #TechnicalAnalysis #Forex #FXFOREVER 🚀
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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.
fxforever
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.