BTC/USDT Trading Plan (Daily Chart) – March 29, 2025
Market Structure & Trend:
Bitcoin is currently in a bearish retracement after failing to hold above the $95K supply zone.
AS YOU SEE , Price has broken key structures, signaling further downside potential.
Immediate support lies around
82K, with a strong demand zone between $75K and $69K.
Trading Scenarios:
1 Bullish Scenario (Rebound & Recovery)
Entry: If price holds above82K with bullish confirmation (rejection wick, bullish engulfing, or support retest).
Target 1: $85K-
87K (Short-term resistance).
Target 2: $90K-$95K (Major supply zone).
Invalidation: Breakdown below $81.5K = Exit long positions.
> Risk-to-reward ratio must be at least 1:2 before entering.
2 Bearish Breakdown (Short Opportunity)
>Entry: If price breaks and closes below82K, confirming bearish momentum.
>>>Target 1: $75K (First demand zone).
>>>Target 2: $69K (Major support level).
Invalidation: A strong bounce above $85K cancels short trades.
Watch for retests of broken support levels before shorting.
Risk Management:
Stop-loss placement:
Long trades: Below recent swing low (~$81.5K).
Short trades: Above $85K (if shorting after82K breakdown).
Position sizing: Risk 1-2% of capital per trade.
Trailing stop: Adjust stops based on key support/resistance zones.
Final Thoughts:
Short-term bias: Bearish unless82K holds.
Mid-term potential: If price drops to $75K-$69K, a strong bounce could follow.
Confirmation needed: Watch for volume spikes and candle rejections.
Market Structure & Trend:
Bitcoin is currently in a bearish retracement after failing to hold above the $95K supply zone.
AS YOU SEE , Price has broken key structures, signaling further downside potential.
Immediate support lies around
82K, with a strong demand zone between $75K and $69K.Trading Scenarios:
1 Bullish Scenario (Rebound & Recovery)
Entry: If price holds above
82K with bullish confirmation (rejection wick, bullish engulfing, or support retest).Target 1: $85K-
87K (Short-term resistance).Target 2: $90K-$95K (Major supply zone).
Invalidation: Breakdown below $81.5K = Exit long positions.
> Risk-to-reward ratio must be at least 1:2 before entering.
2 Bearish Breakdown (Short Opportunity)
>Entry: If price breaks and closes below
82K, confirming bearish momentum.>>>Target 1: $75K (First demand zone).
>>>Target 2: $69K (Major support level).
Invalidation: A strong bounce above $85K cancels short trades.
Watch for retests of broken support levels before shorting.
Risk Management:
Stop-loss placement:
Long trades: Below recent swing low (~$81.5K).
Short trades: Above $85K (if shorting after
82K breakdown).Position sizing: Risk 1-2% of capital per trade.
Trailing stop: Adjust stops based on key support/resistance zones.
Final Thoughts:
Short-term bias: Bearish unless
82K holds.Mid-term potential: If price drops to $75K-$69K, a strong bounce could follow.
Confirmation needed: Watch for volume spikes and candle rejections.
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.
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.