📊 BTC/USD - 1H Chart Analysis
🔹 Current Price: $82,076
🔹 Market Structure: Bearish with a potential retracement
📍 Key Resistance Zone (Potential Short Entry):
$84,497 - $85,553 → Fibonacci golden zone (0.5 - 0.618)
$85,531 → Target for liquidity grab before further drop
📍 Key Support Zones (Potential Take Profit Levels for Shorts):
$80,021 → Next major support
$79,059 → Critical demand zone
📉 Bearish Scenario:
🔻 Price may retrace to the $84,497 - $85,553 zone before dropping further.
🔻 If it rejects strongly from this area, a move towards $80,021 - $79,059 is expected.
📈 Bullish Scenario:
✅ If price breaks and holds above $85,553, it could invalidate the bearish move and push toward $88,910 - $90,889.
💡 Trading Plan:
🎯 Sell Setup: Wait for rejection in the $84,497 - $85,553 zone.
🎯 Buy Setup: Only consider longs if price closes above $85,553.
🎯 Manage risk with SL above resistance or below support zones.
#Bitcoin #BTCUSD #CryptoTrading #SmartMoney #TechnicalAnalysis 🚀
🔹 Current Price: $82,076
🔹 Market Structure: Bearish with a potential retracement
📍 Key Resistance Zone (Potential Short Entry):
$84,497 - $85,553 → Fibonacci golden zone (0.5 - 0.618)
$85,531 → Target for liquidity grab before further drop
📍 Key Support Zones (Potential Take Profit Levels for Shorts):
$80,021 → Next major support
$79,059 → Critical demand zone
📉 Bearish Scenario:
🔻 Price may retrace to the $84,497 - $85,553 zone before dropping further.
🔻 If it rejects strongly from this area, a move towards $80,021 - $79,059 is expected.
📈 Bullish Scenario:
✅ If price breaks and holds above $85,553, it could invalidate the bearish move and push toward $88,910 - $90,889.
💡 Trading Plan:
🎯 Sell Setup: Wait for rejection in the $84,497 - $85,553 zone.
🎯 Buy Setup: Only consider longs if price closes above $85,553.
🎯 Manage risk with SL above resistance or below support zones.
#Bitcoin #BTCUSD #CryptoTrading #SmartMoney #TechnicalAnalysis 🚀
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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.