"BTCUSD Technical Analysis:
Based on the provided chart:
- **Support Zone**: BTC is currently near a support area around 92,000. This level might act as a bounce zone for a potential bullish move.
- **Targets**:
- If the price bounces, potential resistance levels are marked at 98,000, 102,000, and 108,000.
- These levels can act as profit-taking zones for long positions.
- **Stop-Loss Zone**: A stop-loss seems to be placed below the 90,291 level, indicating a critical invalidation zone for the bullish outlook.
- **Strategy**: A confirmation of a bounce or reversal from the support zone could justify entering a buy position targeting higher levels. Without confirmation, there is a risk of price breaking lower.
- **Support Zone**: BTC is currently near a support area around 92,000. This level might act as a bounce zone for a potential bullish move.
- **Targets**:
- If the price bounces, potential resistance levels are marked at 98,000, 102,000, and 108,000.
- These levels can act as profit-taking zones for long positions.
- **Stop-Loss Zone**: A stop-loss seems to be placed below the 90,291 level, indicating a critical invalidation zone for the bullish outlook.
- **Strategy**: A confirmation of a bounce or reversal from the support zone could justify entering a buy position targeting higher levels. Without confirmation, there is a risk of price breaking lower.
Trade active
"BTC is running toward my target, The trade setup is progressing as expected!"
Trade closed: target reached
2nd target achived
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If you want to receive more Analysis signals, please join our Telegram channel. t.me/+JLFlD0eg3LFjNjU8
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.