BTC/USD: Key Levels and FVG Analysis for Optimal Entries

Updated

BTC/USD: Key Levels and FVG Analysis for Optimal Entries
Analysis:
Price Action Strategy:
Support and Resistance Levels:

The chart shows significant support around 95,000 and resistance around 97,000.

Volume Profile:

High volume nodes around 96,911 indicate strong interest at this price level.

Trend Analysis:

The price is currently in a consolidation phase after a downtrend, indicating potential for a reversal or continuation.

Smart Money Concepts (SMC):
Break of Structure (BOS):

Multiple BOS points are marked, indicating shifts in market structure.

Change of Character (CHoCH):

CHoCH points suggest potential reversals.

Fair Value Gap (FVG):

The FVG around 96,000-96,500 is a key area to watch for potential entries.

ICT Strategy:
Fibonacci Retracement:

Key levels at 0.382 (97,233.196), 0.618 (95,882.804), 0.705 (95,384.99), and 0.786 (94,921.508) are crucial for identifying potential reversal points.

Order Blocks:

The chart shows potential order blocks around the FVG, indicating areas of institutional interest.

Indicators:
RSI:

Currently around 49.28, indicating neutral momentum.

MACD:

Shows potential bullish crossover, suggesting a possible upward move.
Buy Signal:
entry: 96,300
tp1: 96,911
tp2: 97,233
sl: 95,500

Sell Signal:
entry: 96,911
tp1: 96,300
tp2: 95,500
sl: 97,233
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