📊 Bitcoin (BTC/USD) - 1H Market Analysis
🔹 Current Price: $82,867
🔹 Market Structure: Price approaching a key supply zone after bullish correction.
📍 Key Levels to Watch:
🟢 Supply Zone:
🔺 $84,747 - $85,531 (Potential Rejection Area)
🔻 Demand Zone:
🟢 $74,000 - $77,500 (High Probability Buy Zone)
📈 Bullish Scenario:
🔸 If BTC breaks and holds above $85,531, further upside potential may be unlocked.
📉 Bearish Scenario:
🔸 A rejection from the $84,747 - $85,531 zone could trigger a downward move towards $77,554 and $74,002.
💡 Trading Plan:
🎯 Sell Setup: Look for confirmations at the supply zone.
🎯 Buy Setup: Potential long entries at $74,000 - $77,500.
🎯 Risk Management: Set stop-loss based on key structure levels.
#Bitcoin #BTCUSD #CryptoTrading #FXFOREVER 🚀
🔹 Current Price: $82,867
🔹 Market Structure: Price approaching a key supply zone after bullish correction.
📍 Key Levels to Watch:
🟢 Supply Zone:
🔺 $84,747 - $85,531 (Potential Rejection Area)
🔻 Demand Zone:
🟢 $74,000 - $77,500 (High Probability Buy Zone)
📈 Bullish Scenario:
🔸 If BTC breaks and holds above $85,531, further upside potential may be unlocked.
📉 Bearish Scenario:
🔸 A rejection from the $84,747 - $85,531 zone could trigger a downward move towards $77,554 and $74,002.
💡 Trading Plan:
🎯 Sell Setup: Look for confirmations at the supply zone.
🎯 Buy Setup: Potential long entries at $74,000 - $77,500.
🎯 Risk Management: Set stop-loss based on key structure levels.
#Bitcoin #BTCUSD #CryptoTrading #FXFOREVER 🚀
fxforever
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.
fxforever
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.