Bitcoin (BTC/USD) - 1H Chart Analysis
📊 Bitcoin (BTC/USD) - 1H Chart Analysis
🔹 Current Price: $92,340
🔹 Key Resistance: $93,581
🔹 Key Support Levels:
$90,283 - $90,867 (Potential retracement zone)
$87,636 - $88,375 (Deeper liquidity zone)
📉 Bearish Scenario:
🔻 A rejection from current highs may lead to a retracement towards the $90,283 - $90,867 support zone.
🔻 If BTC breaks below this, price could dip into the $87,636 - $88,375 demand area for liquidity.
🚀 Bullish Scenario:
✅ If price holds above $90,283, it could retest and potentially break $93,581.
✅ A strong breakout above $93,581 may push BTC towards new highs.
💡 Trading Plan:
✅ Look for buying opportunities near the $90,283 - $90,867 zone if price shows bullish confirmation.
✅ Short positions could be considered if price fails to break $93,581 and shows reversal signs.
#Bitcoin #CryptoTrading #SmartMoney #BTCUSD #TechnicalAnalysis #LiquidityZones #TradingSetup
🔹 Current Price: $92,340
🔹 Key Resistance: $93,581
🔹 Key Support Levels:
$90,283 - $90,867 (Potential retracement zone)
$87,636 - $88,375 (Deeper liquidity zone)
📉 Bearish Scenario:
🔻 A rejection from current highs may lead to a retracement towards the $90,283 - $90,867 support zone.
🔻 If BTC breaks below this, price could dip into the $87,636 - $88,375 demand area for liquidity.
🚀 Bullish Scenario:
✅ If price holds above $90,283, it could retest and potentially break $93,581.
✅ A strong breakout above $93,581 may push BTC towards new highs.
💡 Trading Plan:
✅ Look for buying opportunities near the $90,283 - $90,867 zone if price shows bullish confirmation.
✅ Short positions could be considered if price fails to break $93,581 and shows reversal signs.
#Bitcoin #CryptoTrading #SmartMoney #BTCUSD #TechnicalAnalysis #LiquidityZones #TradingSetup
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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.
fxforever
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.