BTC/USD 15-Minute Chart Analysis
Key Observations:
✅ Take Profit Levels Hit 🎯
The chart shows three take-profit (TP) levels, all of which have been successfully reached.
A downward retracement occurred after price action hit resistance, confirming the profit-taking zones.
✅ Strong Uptrend Momentum 📈
Prior to hitting the TP zones, the price was in a clear bullish trend, forming higher highs and higher lows.
The momentum indicator at the bottom suggests strong buying pressure during the upward move.
✅ Possible Reversal or Pullback? 🔄
The price has reached a key resistance zone, indicated by the red-shaded area (potential reversal zone).
If price fails to break above this level, we might see a retracement back to the lower support levels.
Potential Next Moves:
📌 Bullish Scenario: If BTC/USD breaks above the red-shaded resistance area, we could see further upside continuation.
📌 Bearish Scenario: If rejection occurs at resistance, price may retrace toward the 84,766 support level or lower.
💡 Final Thoughts:
This was a great execution of a planned trade! All TP targets were hit successfully, locking in profits. Now, it's time to monitor whether the price continues the uptrend or starts a pullback. 🚀🔥