BTC/USD - 1H Chart Analysis
📊 BTC/USD - 1H Chart Analysis
🔹 Current Price: $89,008
🔹 Market Structure: Bearish Retest in Play
📍 Key Resistance Zone (Sell Zone):
$90,288 - $90,900 → Price needs confirmation before entering a short trade.
📍 Key Support Zones (Take Profit Levels for Shorts):
TP1: $88,910
TP2: $88,323
TP3: $86,942 (Major demand zone)
📉 Bearish Scenario:
🔻 If price rejects the $90,288 - $90,900 zone, we expect a drop towards TP1, TP2, and TP3.
🔻 Strong rejection from this zone confirms a short entry.
📈 Bullish Scenario:
✅ If price breaks and holds above $90,900, we could see a move towards $93,581 - $94,762.
💡 Trading Plan:
🎯 Sell Setup: Wait for rejection in the $90,288 - $90,900 zone.
🎯 Buy Setup: Only consider long positions if price breaks and holds above $90,900.
🎯 Manage risk accordingly with SL above resistance or below support zones.
#Fxforever #Bitcoin #BTCUSD #CryptoTrading #SmartMoney #TechnicalAnalysis 🚀
🔹 Current Price: $89,008
🔹 Market Structure: Bearish Retest in Play
📍 Key Resistance Zone (Sell Zone):
$90,288 - $90,900 → Price needs confirmation before entering a short trade.
📍 Key Support Zones (Take Profit Levels for Shorts):
TP1: $88,910
TP2: $88,323
TP3: $86,942 (Major demand zone)
📉 Bearish Scenario:
🔻 If price rejects the $90,288 - $90,900 zone, we expect a drop towards TP1, TP2, and TP3.
🔻 Strong rejection from this zone confirms a short entry.
📈 Bullish Scenario:
✅ If price breaks and holds above $90,900, we could see a move towards $93,581 - $94,762.
💡 Trading Plan:
🎯 Sell Setup: Wait for rejection in the $90,288 - $90,900 zone.
🎯 Buy Setup: Only consider long positions if price breaks and holds above $90,900.
🎯 Manage risk accordingly with SL above resistance or below support zones.
#Fxforever #Bitcoin #BTCUSD #CryptoTrading #SmartMoney #TechnicalAnalysis 🚀
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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.