Bitcoin
Updated

(BTC/USD) 1H Trade Setup – Key Entry, Stop Loss & Dual Target

1 013
Entry Point: 95,431

Stop Loss: 95,264

Target Points:

Upside (Target 1): 100,674 (Potential gain: +5.36%)

Downside (Target 2): 86,614 (Potential loss: -7.57%)



Trade Setup:

Risk-Reward Ratio:

Approx. 1:0.7 (Not ideal; the reward is smaller than the potential loss)


Support Zones:

Highlighted in purple beneath the entry zone — this indicates a historically strong support area.


Resistance Zones:

The upper purple zone marks the next significant resistance around 100,000–100,795.



Technical Indicators:

50 EMA (Blue Line): Indicates mid-term trend support, currently holding price action.

Price Action: BTC appears to be retracing toward support after a bullish rally.


Interpretation:

The setup implies a long (buy) position with a very tight stop loss.

The price is nearing a support zone, and if it holds, there's potential for an upward move to the target at 100,674.

However, if price breaks below 95,264, a sharp drop to 86,614 is anticipated.
Trade closed: target reached
snapshot target point hit

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