Bitcoin
Long

. BTCUSD NEW M30 BULLISH ANALYSIS

195


- ๐Ÿ“Š **BTC/USD Trading Idea (30-Min Chart)**
**Date:** April 16-17, 2025
**Timeframe:** 30-Minute Chart
**Bias:** **Bullish Reversal from Support Zone**

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- โœ… **Key Levels**:

- **Support Zone:** $83,586 โ€“ $83,765
- **Resistance Zone (Target):** $86,441

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๐Ÿง  **Idea**:

BTC currently approaching strong **support zone** ($83,586 โ€“ $83,765). Based on the previous price action and highlighted zone:

๐Ÿ”น Expecting **bullish rejection/wick** from support
๐Ÿ”น Potential for **bounce back toward $86,441** resistance
๐Ÿ”น Best entry after confirmation (e.g., bullish engulfing / double bottom on LTF)

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- ๐ŸŽฏ **Trade Setup**:

- **Entry:** $83,750 - $83,850 (on bullish confirmation)
- **Take Profit (TP):** $86,000 - $86,441
- **Stop Loss (SL):** Below $83,500

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. ๐Ÿ›ก๏ธ **Risk Management**:
- Position size as per risk appetite (1-2% of capital recommended)
- Wait for **confirmation candle** to avoid false breakout

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