BTC Possible buying opportunity Possible buying opportunity if Weekly 50 SMA and Fib level 61.80% hold the price.
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BTC SHORT TP 82,600 04-04-2025🚨 Bitcoin is showing weakness on the lower timeframes, specifically the 1-hour and 2-hour charts, so I'm looking for a short position with a take profit (TP) set at 82,700, giving us a solid 3RR.
You can start entering now and average your position as it develops. Since this analysis is based on the 1-hour timeframe, we should see results within the next 15 to 19 hours. If we run out of time, I'll keep you updated with the latest analysis!
Make sure to follow me to stay in the loop and keep generating those green profits! 💰🔥
BTC-----Sell around 83500, target 82500 areaTechnical analysis of BTC contract on April 5: Today, the large-cycle daily level closed with a small positive line yesterday, the K-line pattern was single negative and single positive, the price was below the moving average, and the fast and slow lines of the attached indicator were glued and flattened. The overall trend yesterday fluctuated in the range. If the rhythm is well grasped, the profit will be very good. If the rhythm is not good, it will also be a painful loss, but the general trend is still firmly bearish; the short-term Thursday hourly chart yesterday US market price fluctuated severely, the K-line pattern was continuous negative in the early morning, and the price was suppressed below the moving average. The hourly chart continued to fall during the day after the pressure in the early morning. The current K-line pattern fell continuously, and the attached indicator was dead cross running, so the probability of continuing to fall during the day is still high, but today is the weekend, the strength is not expected to be large.
Today's BTC short-term trading strategy: directly maicjhu in the current price area of 83,500, stop loss in the 84,000 area, and target the 82,500 area;
Bitcoin Bullish Continuation Towards $128KBTC/USD | 1D Chart | April 2025
📊 Technical Analysis:
Bitcoin is maintaining its bullish structure within a well-defined ascending channel. The price has bounced off the lower trendline (green), which has provided strong support multiple times (see green arrows).
Currently, BTC is consolidating near $83,800, and a breakout from this zone could initiate the next impulsive move towards the midline and upper trendline resistance (~$128,000).
Support Levels: ~$80,000 (trendline)
Resistance Levels: ~$90,000, ~$110,000, and ~$128,000
Bullish Trigger: A confirmed breakout above $90,000 could signal strong continuation
🌍 Fundamental Analysis:
Bitcoin Halving (April 2024): Historically, BTC rallies post-halving due to reduced supply. The next supply shock could fuel a rally.
Institutional Demand: Spot Bitcoin ETFs continue to see record inflows, with firms like BlackRock and Fidelity accumulating BTC aggressively.
Macroeconomic Factors: With inflation concerns persisting, investors are turning to Bitcoin as a hedge, pushing prices higher.
📈 Trade Idea:
Entry: $84,000 (Breakout Confirmation)
Stop Loss: $79,000 (Below Trendline)
Target Range: $110,000 – $128,000 (Channel Resistance)
Bitcoin vs. Nasdaq: BTC Shows Signs of Decoupling Amid US Stock
For years, the narrative surrounding Bitcoin’s price action has been inextricably linked to the performance of traditional financial markets, particularly the tech-heavy Nasdaq Composite. Often moving in lockstep, Bitcoin was viewed by many as a high-beta asset, amplifying the gains during bullish periods and suffering even steeper losses when risk sentiment soured in equities. However, recent market movements have sparked a crucial question among investors and analysts alike: is Bitcoin finally beginning to forge its own path, decoupling from the gravitational pull of U.S. stocks as they face mounting headwinds?
The past few weeks have witnessed a notable divergence. While U.S. stock markets, reeling from a confluence of factors including escalating geopolitical tensions stemming from a potential “Trump tariff war,” persistent inflation concerns highlighted by Federal Reserve Chair Jerome Powell’s hawkish warnings of “higher inflation and slower growth,” and broader macroeconomic anxieties, have experienced a significant downturn – shedding a staggering $3.5 trillion in value – Bitcoin has demonstrated a surprising degree of resilience, even posting gains in some instances. This nascent divergence has ignited a wave of optimism among Bitcoin proponents who have long yearned for the digital asset to be recognized and traded based on its own fundamental merits, rather than as a mere proxy for risk-on sentiment in the equity markets.
The concept of Bitcoin decoupling from traditional assets has been a recurring theme in the cryptocurrency space. The original thesis for Bitcoin, after all, positioned it as a decentralized, censorship-resistant store of value and a hedge against traditional financial system vulnerabilities. Its finite supply, its independence from central banks and government policies, and its inherent scarcity were touted as key differentiators that would eventually lead it to trade independently. However, the reality of the past few years has often painted a different picture, with institutional adoption bringing increased correlation with established asset classes.
The current shift, however tentative, offers a glimmer of hope for those who believe in Bitcoin’s unique value proposition. The factors contributing to the stock market slump – trade war anxieties, inflation fears, and the prospect of tighter monetary policy – arguably strengthen the case for Bitcoin as an alternative asset. In times of economic uncertainty and currency debasement concerns, the fixed supply and decentralized nature of Bitcoin could become increasingly attractive to investors seeking a safe haven outside the traditional financial system.
Furthermore, the increasing maturity of the Bitcoin market, with the development of more sophisticated trading instruments, greater institutional participation, and a deeper understanding of its underlying technology, may be contributing to its growing independence. As Bitcoin gains broader acceptance as a legitimate asset class, its price discovery mechanisms may become less reliant on the sentiment driving traditional equity markets.
However, it is crucial to approach this apparent decoupling with a degree of caution. While the recent divergence is encouraging for Bitcoin bulls, it is too early to definitively declare the long-awaited break has finally arrived. Market correlations can be fluid and influenced by a multitude of factors. A sudden shift in global risk sentiment or a significant negative event specific to the cryptocurrency space could easily re-establish the link between Bitcoin and traditional assets.
Adding a layer of complexity to the current narrative is the warning from some analysts regarding a potential Bitcoin price correction. Despite the recent resilience, multiple BTC price forecasting models have pointed towards a scenario where Bitcoin could fall back to its 2021 all-time high of around $70,000 in a relatively short timeframe – some even suggesting this could occur within the next ten days. This potential “crash risk,” as one analyst termed it, is attributed to various technical and market cycle indicators.
The notion that $70,000 could represent Bitcoin’s “practical bottom,” as suggested by some, highlights the inherent volatility and speculative nature of the cryptocurrency market. Even if Bitcoin is beginning to decouple from traditional equities, it remains susceptible to its own unique set of risks and price swings. Factors such as regulatory developments, network security concerns, and shifts in investor sentiment within the crypto space can still exert significant influence on its price.
Therefore, while the current divergence between Bitcoin and the struggling U.S. stock market offers a compelling narrative and fuels the hopes of long-term Bitcoin holders, it is essential to maintain a balanced perspective. The confluence of factors driving the stock market decline could indeed be creating an environment where Bitcoin’s unique characteristics become more appealing, leading to a sustained period of independent price action. However, the inherent volatility of the cryptocurrency market and the potential for a significant correction remind investors that the journey towards true decoupling is likely to be a complex and potentially bumpy one.
In conclusion, the recent market dynamics present a fascinating juncture for Bitcoin. The initial signs of decoupling from the crumbling U.S. stock market, driven by a confluence of macroeconomic anxieties and the potential for Bitcoin to act as an alternative store of value, are undeniably encouraging for those who believe in its long-term potential. However, the warnings of a potential price correction underscore the inherent risks within the cryptocurrency space. Whether this nascent decoupling marks a definitive shift in Bitcoin's market behavior or proves to be a temporary divergence remains to be seen. Investors would be wise to monitor these trends closely, remaining cognizant of both the potential for independent growth and the ever-present risks associated with this dynamic and evolving asset class. The coming weeks and months will be crucial in determining whether Bitcoin can truly forge its own path in the face of traditional market turmoil.
BTC(20250404) market analysis and operationTechnical analysis of BTC contract on April 4: Today, the large-cycle daily level closed with a small positive line yesterday, and the K-line pattern was a single negative and a single positive. The price was still at a low level. The fast and slow lines of the attached chart indicator were glued together and flattened, but it was obvious that the rising price was suppressed, and the pullback was not strong. On the contrary, there seemed to be more opportunities for decline. From the overall technical indicators, the decline in the big trend is still very obvious, so the idea remains unchanged and continue to sell; in the short cycle, the current price is still in a volatile trend. The four-hour chart has a single negative and a single positive, and the attached chart indicator is dead cross, but the strength has not come out. The hourly chart corrected the high point position of 84,000 after the sharp drop this week. The current attached chart indicator is golden cross running, and there is no room for rise or fall, so wait and see during the day, pay attention to the strength and weakness of the European market and the impact of the evening data
Bitcoin (BTC/USD) Trade Setup & Analysis🔹 Trend Analysis:
📉 The chart shows a downtrend followed by a reversal attempt.
📈 The price bounced off a support zone and is moving upwards.
🔹 Indicators:
📊 The 9-period DEMA (83,805.38) is slightly above the current price, acting as a resistance level.
🔹 Trade Setup:
🟢 Entry Zone: Around 82,943 (Current Price)
🔴 Stop-Loss: 81,183.22 ❌ (Below support level)
🎯 Target Point: 85,563.52 ✅ (Upper resistance level)
🔵 Strategy: The trade anticipates a price dip before
BTC/USDT Analysis – 30-Minute Chart (OKX)BTC/USDT Analysis – 30-Minute Chart (OKX)
Key Support Levels:
Immediate support: 82,596 USDT
Stronger support: 81,900 USDT (Potential entry point)
Stop-loss: Below 79,426 USDT (Risk management)
Key Resistance Levels:
First resistance: 84,326 USDT
Next resistance: 85,726 USDT (Major supply zone)
Higher targets: 87,702 – 88,547 USDT
Indicators & Market Structure:
BTC is testing a short-term support after a bearish move.
The Stochastic RSI shows an overbought condition, signaling a potential retracement.
The EMA 20, 50, 100, and 200 are showing mixed signals; BTC needs to break above EMA 100 to confirm bullish momentum.
The MACD histogram is showing early signs of bullish momentum.
Trade Plan:
Bullish case: If BTC holds 82,596 – 81,900 USDT, a reversal towards 84,326 – 85,726 USDT is possible.
Bearish case: If BTC drops below 81,900 USDT, further downside towards 79,426 USDT may happen.
📌 Summary:
BTC is at a crucial level, consolidating around support. If it holds above 82,596 USDT, we could see a bounce toward 85,726 USDT. However, a break below 81,900 USDT could trigger more downside. Monitor price action carefully before entering a position. 🚀
Navigating BTC Volatility Storm: Buy, Hold, or Flee?Bitcoin's recent price action has been reminiscent of a rollercoaster, leaving investors grappling with a whirlwind of conflicting signals. From sharp drops mirroring stock market turmoil to the looming "death cross," the cryptocurrency's trajectory is shrouded in uncertainty. Is this a prime buying opportunity, a warning to retreat, or simply another bout of the volatility that defines Bitcoin?
The past few days have been a stark reminder of Bitcoin's inherent volatility. Reports of an 8% drop, coupled with the US stock market shedding $2 trillion in value, sent ripples through the crypto sphere. The catalyst? Concerns surrounding potential US tariffs and their impact on the global economic outlook. This sudden shift in market sentiment triggered a sell-off, reminiscent of the COVID-19 crash in 2020, during which Bitcoin’s pre-pandemic gains evaporated.
Adding to the unease is the looming "death cross," a technical indicator that occurs when the 50-day moving average crosses below the 200-day moving average. Historically, this pattern has signaled bearish momentum. The 2022 death cross, for example, precipitated a significant price drop of nearly 20%. Conversely, "golden crosses," where the 50-day moving average crosses above the 200-day moving average, have historically signaled bullish momentum, triggering rallies of over 500% in 2020 and 2021.
Currently, Bitcoin's 50-day moving average is edging closer to this critical crossover, prompting widespread speculation. Is this a repeat of 2022, or will the market defy historical patterns? The answer, as always, is complex and contingent on a confluence of factors.
One significant factor is the strength of the US dollar. While the dollar's strength can often negatively impact Bitcoin, the current increase in the money supply could potentially counteract this effect, creating a bullish flag pattern. The dollar's inflation may become a catalyst for Bitcoin as a store of value. The global market dynamics are currently shrouded in uncertainty, making it difficult to predict the long-term impact of these factors.
The recent price drops have pushed Bitcoin towards the $80,000 mark, with some analysts predicting a potential fall to $71,000. However, this level could also represent a "sizeable bounce," acting as a strong support zone for Bitcoin. The concept of an "oversold bounce" also comes into play. After a period of intense selling pressure, markets often experience a relief rally as traders capitalize on discounted prices. Whether this materializes remains to be seen.
Is it a Good Time to Buy Bitcoin?
The decision to buy, hold, or sell Bitcoin depends on an individual's risk tolerance, investment strategy, and understanding of the market. Here's a breakdown to consider:
• For the Long-Term Investor:
o Bitcoin's long-term potential remains a compelling narrative. Its decentralized nature, limited supply, and growing adoption continue to attract institutional and retail investors.
o Price volatility is an inherent part of the Bitcoin journey. Historically, periods of sharp declines have been followed by significant rallies.
o Dollar-cost averaging (DCA) can mitigate the impact of volatility by investing a fixed amount at regular intervals, regardless of the price.1
o The strength of the US dollar may become a catalyst for Bitcoin as a store of value.
• For the Short-Term Trader:
o The current volatility presents opportunities for skilled traders to profit from price swings.
o Technical analysis, including monitoring moving averages and support/resistance levels, is crucial for identifying potential entry and exit points.
o However, short-term trading is inherently risky and requires a deep understanding of market dynamics.
o The "death cross" should be monitored carefully.
• For the Cautious Investor:
o The current market uncertainty may warrant a more conservative approach.
o Diversifying investments across different asset classes can help mitigate risk.
o Staying informed about market developments and avoiding emotional trading decisions is essential.
The Death Cross: A Warning or a False Alarm?
The "death cross" is a significant technical indicator, but it's not a foolproof predictor of future price action. Historical data show that while it can signal bearish trends, it's not always accurate. Market conditions, investor sentiment, and macroeconomic factors can all influence Bitcoin's trajectory.
Ultimately, the Bitcoin market remains highly speculative. The current volatility, driven by a confluence of factors, underscores the importance of careful research, risk management, and a long-term perspective. While the "death cross" and market fluctuations may cause short-term panic, the long-term potential of bitcoin, and it's reaction to the weakening dollar, may still produce long-term gains.
BTC-----Sell around 83650, target 82,600-82,000 areaTechnical analysis of BTC contract on April 3: Today, the large-cycle daily level closed with a medium-yin line yesterday, and the K-line pattern was a single Yin and a single Yang. The price was at a low level again. The fast and slow lines of the attached indicator were flat, and the closing line yesterday was a high retreat. The retreat time was around 4 o'clock in the morning. The recent downward trend did not continue, and the trend was still corrected, but this was also within it, but the transaction became difficult; the four-hour chart showed a large retracement trend in the morning, and the attached indicator formed a dead cross K-line pattern with continuous Yin, which is a good aspect. The short-cycle hourly chart fell in the morning and is currently corrected. The correction high is in the 84,000 area. If we look at the continued decline today, there are two conditions. First, the price rebound cannot break the correction high; second, the European session must continue to break the low.
Today's BTC short-term contract trading strategy: sell directly at the current price of 83,650, stop loss in the 84,100 area, and target the 82,600-82,000 area;
BTC already has the conditions to hit the 90000-95000 zone!A few days ago, I mentioned that BTC had the potential to surge towards the 90000-95000 range. Currently, BTC has already climbed above 87000 during its rebound, effectively opening the door to the 90000-95000 zone.
From a fundamental perspective, with bearish factors becoming clearer, if Trump adopts a more lenient stance on tariffs, BTC could extend its rebound. On the technical side, BTC has successfully broken through the short-term resistance around the 85500 level, turning the 85500-84500 area into a short-term support structure. This transition further supports BTC’s continuation to the upside, potentially testing the 90000-95000 range.
For short-term trading, we can consider waiting for a technical pullback and looking to go long on BTC once it retraces to the 85500-85000 region. The trading strategy verification accuracy rate is more than 90%; one step ahead, exclusive access to trading strategies and real-time trading settings
Can it hit 89,000 again?The price trend of BTC has once again become the focus of global investors' attention.
Previously, BTC experienced a period of consolidation, during which the bulls and bears engaged in repeated games. Now, the bulls of BTC have risen strongly, unleashing powerful upward momentum.
With a swift and fierce move, it has broken through the key resistance level of 85,000 at one stroke. This breakthrough is like a fuse igniting the market, and the upward trend has spread rapidly. It is expected that it will further challenge the range of 87,000-89,000 in the future.
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Bitcoin Analysis: Potential Path to $150K and Market TrendsCurrent Price & Key Levels
- BTC/USDT Price: BINANCE:BTCUSDT (as per chart).
- Critical Support: Bottom of the ascending channel .
- Key Resistance: Upper trendline of the channel (to be confirmed).
Technical Signals
1. Ascending Channel:
- Price is at the bottom of the channel, historically a bounce zone.
- A break above the upper trendline could signal a bullish continuation.
2. Moving Averages:
- SMA 200 (4H) and SMA 20 (1D) are critical for trend confirmation.
- A bullish crossover (e.g., SMA 20 > SMA 200) would strengthen the buy signal.
3. Dominance (BTC.D):
- If Bitcoin dominance turns bearish, expect capital rotation into altcoins (altseason potential).
- Monitor dominance alongside price action for market shifts.
$150K Target: When and How?
- Scenario 1:
- A strong breakout from the ascending channel + rising volume → Acceleration toward $150K.
- Timeline:Mid-2025/Late-2025 (historically aligns with post-halving cycles).
- Scenario 2:
- Slow grind upward with corrections → $150K likely by 2026, pending macroeconomic stability (e.g., ETF inflows, regulatory clarity).
Altcoin Season Watch
- Trigger:
- If Bitcoin’s dominance drops below 57%, altcoins may surge.
- Focus on high-cap alts (ETH, SOL) and narratives like AI, DePIN, or RWA.
Trade Strategy
- Entry:
- Buy on confirmed breakout above the channel + SMA crossover.
- Stop Loss:
- Below the channel’s lower trendline (e.g., $80,000).
- Take Profit:
- targets: $100,000.120,000
- Final target: $150,000 (scale out profits).
Risks to Monitor
- Macro Factors: Fed rate decisions, geopolitical tensions.
- Bitcoin ETF Flows: Sustained inflows/outflows impact momentum.
- Regulation: Crackdowns or approvals (e.g., ETH ETF).
---
Conclusion
- Bullish Outlook: $150K is achievable if Bitcoin holds the ascending channel and dominance remains stable.
- Altseason Hedge: Prepare a basket of altcoins if BTC.D trends downward.
Like, comment, and follow for updates! 🚀
Bitcoin (BTC/USD) Price Analysis: Bearish Breakdown Ahead?🔥 Bitcoin (BTC/USD) 1-Hour Chart Analysis 🔥
🔹 Trend Analysis:
🟡 Price was moving in an ascending channel 📈 but has broken below the trendline.
🟠 A retest of the broken trendline is happening, suggesting a potential drop 📉.
🔹 Trade Setup:
🔽 Short Entry: Expected rejection from the trendline.
❌ Stop Loss: $85,671 - $85,710 (Above resistance).
✅ Take Profit Target: $81,386 - $81,347 (Bearish target 🎯).
🔹 Indicators & Confirmation:
📊 EMA (9) at $84,254 → Acting as resistance 🚧.
🔄 Break & Retest Pattern → Typical for a bearish continuation 🛑📉.
🔹 Conclusion:
⚠️ Bearish Bias: If the price rejects the trendline, it could drop towards $81,386 🎯.
🚨 Invalidation: If the price breaks above $85,710, the short setup is canceled ❌.
Bearish Trend Meets Bullish Momentum: Is BTC Ready for a Rebound📉 Bitcoin is currently in a strong bearish trend on higher timeframes, but 📈 the 1-hour timeframe shows a break of structure and bullish momentum. This suggests a potential short-term pullback into the previous range, aligning with the 50% Fibonacci retracement level. 🔄 Additionally, there’s a bearish imbalance above that could be rebalanced. While this presents a possible buy opportunity, ⚠️ it’s a high-risk setup due to the overall bearish trend. Always trade with caution! 🚨
Disclaimer
⚠️ This is not financial advice. Trading involves significant risk, and you should only trade with funds you can afford to lose. Always do your own research and consult a professional if needed. 💡
BTC is expected to hit 85000-86000 again, or even higherBTC has once again built a strong double bottom structural support in the 82000-81000 zone. BTC is likely to continue to rise. Once it breaks through the short-term resistance area near 83600, BTC may usher in a wave of accelerated rise and has the potential to continue to the 85000-86000 zone.
So we can still go long on BTC in the 82500-81500 zone. In addition, once BTC rises as expected, it is likely to grab the market share of gold, so it may also accelerate the decline of gold to a certain extent. This is a point we must be careful about next.
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Grasp the trend and analyze the full range of BTC longsTechnical analysis: Based on in-depth technical analysis, the current BTCUSD decline has slowed down, and there are signs of building double bottom support. The 50-day moving average and the 200-day moving average form a golden cross, the MACD indicator continues to strengthen and the bar chart continues to expand. As BTCUSD stops falling, market sentiment is gradually warming up, institutional funds continue to flow in, fundamental support is solid, and the upward momentum may gradually strengthen. It is the right time to go long.
BTCUSD operation strategy: Go long in the 82500-81500 area. Target 83000-84000
Trading discipline: 1. Don't blindly follow the trend: Don't be swayed by market sentiment and other people's opinions, operate according to your own operation plan, market information is complicated, and blindly following the trend is easy to fall into the dilemma of chasing ups and downs.
2. During the transaction, we will continue to pay attention to news and technical changes, inform us in time if there are changes, strictly implement trading strategies and trading disciplines, move forward steadily in the volatile market, and achieve stable asset appreciation.
$BTC for Next week (31st March - 4th April)Given out all the ideas, Will react to the market based on which idea presents itself.
If Yellow line - Its better to stay out of the markets.
With the other wait for MSS (Market Structure Shift) and then take the trade and target the other side of the liquidity.
BITSTAMP:BTCUSD , BINANCE:BTCUSDT.P BINANCE:BTCUSDT
Overall I'm neutral on CRYPTOCAP:BTC but SEED_ALEXDRAYM_SHORTINTEREST2:NQ and NYSE:ES look bearish to me, and CRYPTOCAP:BTC could follow.
BTC-----More around 83300, target 82000 areaTechnical analysis of BTC contract on March 30: Today, the large-cycle daily level closed with a small negative line yesterday, the K-line pattern continued to be negative, the price was below the moving average, the attached indicator golden cross was running with shrinking volume, and the fast and slow lines showed signs of sticking dead cross. From this point of view, the general trend of decline is still very obvious, and what we need to pay attention to in trading is to find a good entry point, keep short-term, and do a good job of risk control. Leave the rest to me! The short-term hourly chart continued the trend of shock correction after the decline in the European session yesterday. The current K-line pattern is continuous positive, and the attached indicator is running with a golden cross. Then it is likely to be corrected first within the term. The resistance position of the MA30 moving average is near the 83,300 area.
Today's BTC short-term contract trading strategy: sell at the 83,300 area, stop loss at the 83,800 area, and target the 82,000 area;
Btcusd signal Bitcoin (BTC) price has been consolidating between $85,000 and $88,000 this week, approaching the lower boundary of the consolidation range when writing on Friday. A K33 Research report explains how the markets are relatively calm and shaping up for volatility as investors absorb the tariff announcements. PlanB’s Stock-to-Flow (S2F) model shows that Bitcoin looks extremely undervalued compared to Gold and the housing market.
BTC(20250329) market analysis and operationTechnical analysis of Bitcoin (BTC) contracts on March 29: Today, the large-cycle daily level closed with a medium-yin line yesterday, and the K-line pattern continued to fall. The price was below the moving average, and the attached indicator was golden cross and the volume was shrinking. The general trend is still firmly bearish; we should note that the price will still fluctuate over the weekend, and the probability of continuous decline is relatively small, but it does not mean that it will not fall, but just let everyone not expect too much of the weekend trend; the lower support position focuses on the two previous lows of 80,000 and 76,600. The short-cycle hourly chart shows that the European session fell and the US session continued to break the low position. The current K-line pattern is continuous and positive, and the attached indicator is golden cross. It is likely to be corrected first during the day.
Today's BTC short-term contract trading strategy: sell at the 85,200 area, stop loss at the 85,700 area, and target the 84,200-83,800 area;
"Bitcoin (BTC/USD) Price Analysis: Key Support Test & Potential This chart is a Bitcoin (BTC/USD) price analysis on a 1-hour timeframe from TradingView. Here are the key insights:
Technical Indicators:
Exponential Moving Averages (EMAs):
200 EMA (blue): 85,984 (indicates long-term trend support/resistance).
30 EMA (red): 85,705 (short-term trend direction).
Support & Resistance Zones:
Purple Zone (Support Area): This area has been tested multiple times and is expected to provide a strong buying zone.
Resistance/Target Levels:
Upper EA Target Point: 88,366 (potential bullish target).
Lower EA Target Point: 79,819 (potential bearish target).
Trade Setup:
Entry Point: Around 83,810 (current price near support).
Stop Loss Levels:
Conservative: Around 83,750
Aggressive: Around 83,184
Target Point: 88,366 (bullish) or 79,819 (bearish).
Market Outlook:
The price is currently testing a key support zone.
If the support holds, we may see a bullish reversal toward 88,366.
If the price breaks below the support, further downside to 79,819 is possible.
Buy BTC,it still has the potential to reboundBTC experienced a sharp short-term decline, breaking lower; however, the downward momentum has significantly slowed. Importantly, the recent pullback has not disrupted the broader upward consolidation structure, with the 84500-83500 zone continuing to provide strong support.
Once the bearish sentiment fully subsides, I anticipate a relief rally or a technical rebound. Therefore, this pullback could present an excellent opportunity to go long on BTC.
Consider entering long positions around the 84500-83500 support zone, targeting an initial upside move toward the 86000-86500 range.
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