BTC NEXT MOVE view
Bitcoin Short-Term Analysis: Demand Zone Rebound to \$103,400
Timeframe: 1-Hour (BTC/USDT)
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Overview
Bitcoin is showing a potential bullish setup in the short term, trading around \$100,171. The price is hovering near a critical demand zone, with a possible path toward the \$103,400 resistance level.
Key Levels:
- **Demand Zone (Support):** \$97,000–\$98,000
- **Target Price (Resistance):** \$103,400
- **Current Price:** \$100,171
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Projected Price Action:
1. Correction: A short-term pullback into the **demand zone** (\$97,000–\$98,000) could create a higher low, offering an entry opportunity for buyers.
2. Rebound: A strong rebound is expected from the demand zone as buyers step in.
3. Target:Price is projected to climb toward the **\$103,400** resistance level.
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Trading Plan:
- Entry Zone: Accumulate near the \$97,000–\$98,000 demand zone.
- Target: Exit or take profits near \$103,400.
- Stop-Loss: Below \$96,500 to manage risk in case of a breakdown.
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Considerations:
- Watch for confirmation of bullish momentum around the demand zone before entering.
- Monitor trading volume: a significant uptick in volume could validate the rebound.
- If the price fails to hold the demand zone, it may invalidate the setup, leading to further downside risks.
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Disclaimer: This is not financial advice. Trade at your own risk and perform your own analysis before entering any positions.
Timeframe: 1-Hour (BTC/USDT)
---
Overview
Bitcoin is showing a potential bullish setup in the short term, trading around \$100,171. The price is hovering near a critical demand zone, with a possible path toward the \$103,400 resistance level.
Key Levels:
- **Demand Zone (Support):** \$97,000–\$98,000
- **Target Price (Resistance):** \$103,400
- **Current Price:** \$100,171
---
Projected Price Action:
1. Correction: A short-term pullback into the **demand zone** (\$97,000–\$98,000) could create a higher low, offering an entry opportunity for buyers.
2. Rebound: A strong rebound is expected from the demand zone as buyers step in.
3. Target:Price is projected to climb toward the **\$103,400** resistance level.
---
Trading Plan:
- Entry Zone: Accumulate near the \$97,000–\$98,000 demand zone.
- Target: Exit or take profits near \$103,400.
- Stop-Loss: Below \$96,500 to manage risk in case of a breakdown.
---
Considerations:
- Watch for confirmation of bullish momentum around the demand zone before entering.
- Monitor trading volume: a significant uptick in volume could validate the rebound.
- If the price fails to hold the demand zone, it may invalidate the setup, leading to further downside risks.
---
Disclaimer: This is not financial advice. Trade at your own risk and perform your own analysis before entering any positions.
Trade closed: target reached
TP DONE in two days guys i hope you take your profit here
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.