BTCUSD Short-Term Strategy
BTCUSD Binance Futures Analysis
January 23, 2025
Bitcoin continues to hold above $100,000, confirming buyer dominance.
Market Conditions
Current Range: Over the past 5 days, the price has been trading within the $100,000–$107,000 range, stabilizing near key levels.
Support: Below $96,500, the trend is likely to be invalidated.
Resistance: $107,000, above which a bullish breakout could continue.
Main Scenario: Further Uptrend
Bitcoin's price remains bullish as long as it trades above $96,500.
Target Levels:
First Target Zone: $119,730–$121,000
Second Target Zone: $138,560–$140,000
January 23, 2025
Bitcoin continues to hold above $100,000, confirming buyer dominance.
Market Conditions
Current Range: Over the past 5 days, the price has been trading within the $100,000–$107,000 range, stabilizing near key levels.
Support: Below $96,500, the trend is likely to be invalidated.
Resistance: $107,000, above which a bullish breakout could continue.
Main Scenario: Further Uptrend
Bitcoin's price remains bullish as long as it trades above $96,500.
Target Levels:
First Target Zone: $119,730–$121,000
Second Target Zone: $138,560–$140,000
Note
After the end of the trade, I expect btc to continue growing.
The updates of the last few days remain relevant.
The targets are the same: $119,700 - $121,000 and $138,500 - $140,000
Cancellation level: price consolidation below $96,500.
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.