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BTC/USD: Key Levels and FVG Analysis for Optimal Entries

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BTCUSD BTC/USD: Key Levels and FVG Analysis for Optimal Entries
Analysis:
Price Action Strategy:
Support and Resistance Levels:

The chart shows significant support around 95,000 and resistance around 97,000.

Volume Profile:

High volume nodes around 96,911 indicate strong interest at this price level.

Trend Analysis:

The price is currently in a consolidation phase after a downtrend, indicating potential for a reversal or continuation.

Smart Money Concepts (SMC):
Break of Structure (BOS):

Multiple BOS points are marked, indicating shifts in market structure.

Change of Character (CHoCH):

CHoCH points suggest potential reversals.

Fair Value Gap (FVG):

The FVG around 96,000-96,500 is a key area to watch for potential entries.

ICT Strategy:
Fibonacci Retracement:

Key levels at 0.382 (97,233.196), 0.618 (95,882.804), 0.705 (95,384.99), and 0.786 (94,921.508) are crucial for identifying potential reversal points.

Order Blocks:

The chart shows potential order blocks around the FVG, indicating areas of institutional interest.

Indicators:
RSI:

Currently around 49.28, indicating neutral momentum.

MACD:

Shows potential bullish crossover, suggesting a possible upward move.
Buy Signal:
entry: 96,300
tp1: 96,911
tp2: 97,233
sl: 95,500

Sell Signal:
entry: 96,911
tp1: 96,300
tp2: 95,500
sl: 97,233
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Disclaimer

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Beyond Technical AnalysisFibonacciSupply and Demand
Alexgoldhunter
Alex Gold Hunter

Free Signals & analysis
Join for Free

tinyurl.com/ClassicFreeSignals

bit.ly/4fQGd0G

bit.ly/3ODlUI4
Also on:

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.