Bitcoin 1H Strategy: Strong Support & Targets
Chart timeframe: 1H Bitcoin analysis, post-ETF volatility pattern.
What do you think of this setup? 🚀
- Current price: $91,824.
- Support zone: $89,300 ("Discount" zone) – held strong during recent selloff.
- Resistance zone: $95,800 ("Premium" zone).
- Key price action:
- V-shaped recovery from $89,300 signals strong buyer interest.
- Quick bounce suggests institutional dip-buying post-ETF launch.
- Setup rating: 7/10 for longs above $92,300.
- Targets:
- First target: $94,250 (POL level).
- Second target: $95,800 (Premium zone).
- Risk management: Keep stop-loss below $89,300.
What do you think of this setup? 🚀
Trade closed: target reached
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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.