*BTCUSD* with key levels identified for potential price action in the coming days. Here’s the breakdown:
- *Current Price*: *82,367* with an increase of *+1,659 (+2.06%)*
- *Key Levels*:
- *Target Zone*: The price is approaching the *target* area of *102,559*, with additional resistance around *103,192*.
- *Strong Buy Zone*: There's a clear *strong buy zone* near the *EQL* (Equilibrium) level, which could act as a critical support if the price drops further.
- *BOS (Break of Structure)* points are marked, suggesting significant market movements and possible reversals.
- *CHoCH (Change of Character)* observed, indicating a potential shift in trend or momentum.
*Conclusion*: The chart suggests that if *BTCUSD* holds the *strong buy zone*, it could rally toward the target area of *102,559*. However, traders should keep an eye on the *EQL support* and adjust strategies accordingly. Always consider proper risk management.
- *Current Price*: *82,367* with an increase of *+1,659 (+2.06%)*
- *Key Levels*:
- *Target Zone*: The price is approaching the *target* area of *102,559*, with additional resistance around *103,192*.
- *Strong Buy Zone*: There's a clear *strong buy zone* near the *EQL* (Equilibrium) level, which could act as a critical support if the price drops further.
- *BOS (Break of Structure)* points are marked, suggesting significant market movements and possible reversals.
- *CHoCH (Change of Character)* observed, indicating a potential shift in trend or momentum.
*Conclusion*: The chart suggests that if *BTCUSD* holds the *strong buy zone*, it could rally toward the target area of *102,559*. However, traders should keep an eye on the *EQL support* and adjust strategies accordingly. Always consider proper risk management.
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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.
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.