Support and Stop Loss Levels:
Support at $85,058.00 (marked in green).
Stop-loss level at $84,500.00 (marked in red).
Target Price (Take Profit):
$89,230.00 is the marked profit-taking level.
Trend & Price Action:
BTC has broken out of a descending trendline.
Recent bullish momentum led to a price spike.
A minor retracement is occurring.
There is a Fair Value Gap (FVG) below the price, suggesting possible retracement before another leg up.
Trading Plan Based on This Analysis:
Bullish Setup:
Entry likely around $85,058 - $85,430.
Stop loss at $84,500.
Target $89,230 (Potential ~4% upside).
Support at $85,058.00 (marked in green).
Stop-loss level at $84,500.00 (marked in red).
Target Price (Take Profit):
$89,230.00 is the marked profit-taking level.
Trend & Price Action:
BTC has broken out of a descending trendline.
Recent bullish momentum led to a price spike.
A minor retracement is occurring.
There is a Fair Value Gap (FVG) below the price, suggesting possible retracement before another leg up.
Trading Plan Based on This Analysis:
Bullish Setup:
Entry likely around $85,058 - $85,430.
Stop loss at $84,500.
Target $89,230 (Potential ~4% upside).
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.