Overview:
Bitcoin (BTCUSDT) has successfully broken above a key resistance zone and is now retesting it as support. If this level holds, we anticipate a strong bullish continuation toward 90K+.
Technical Analysis:
🔹 Market Structure:
BTC has been forming higher highs and higher lows, indicating a shift towards a bullish trend.
The 82K-83K resistance has been broken and is now acting as a potential support zone.
🔹 Key Levels:
📍 Support Zones:
80K-81K: Strong demand area where buyers stepped in previously.
82K-83K: BTC is currently testing this zone as new support.
📍 Resistance Zones:
85K-86K: A minor resistance level where BTC may consolidate.
90K-92K: The major supply zone and potential target for this move.
🔹 Trade Setup & Entry Plan:
✅ Aggressive Entry: Buy around current levels (~83K) with a tight SL below 81.5K.
✅ Conservative Entry: Wait for a clean retest at 81K-82K before entering long.
📍 Profit Targets:
TP1: 85K
TP2: 90K
TP3: 92K
📍 Stop Loss: Below 80.5K (invalidates structure).
Bullish Confirmation:
📌 Holding 82K as support increases the chances of a breakout.
📌 A strong push above 86K would confirm acceleration toward 90K+.
Risk Management & Considerations:
⚠️ Losing 80K support could lead to a pullback towards 78K-76K before another attempt upwards.
⚠️ Always manage risk with proper stop-loss and position sizing.
Final Thoughts:
This high-probability bullish setup aligns with market structure and liquidity trends. If BTC sustains momentum above 82K, a move toward 90K+ seems likely. Let’s watch how BTC reacts in the coming sessions! 📈🚀
Bitcoin (BTCUSDT) has successfully broken above a key resistance zone and is now retesting it as support. If this level holds, we anticipate a strong bullish continuation toward 90K+.
Technical Analysis:
🔹 Market Structure:
BTC has been forming higher highs and higher lows, indicating a shift towards a bullish trend.
The 82K-83K resistance has been broken and is now acting as a potential support zone.
🔹 Key Levels:
📍 Support Zones:
80K-81K: Strong demand area where buyers stepped in previously.
82K-83K: BTC is currently testing this zone as new support.
📍 Resistance Zones:
85K-86K: A minor resistance level where BTC may consolidate.
90K-92K: The major supply zone and potential target for this move.
🔹 Trade Setup & Entry Plan:
✅ Aggressive Entry: Buy around current levels (~83K) with a tight SL below 81.5K.
✅ Conservative Entry: Wait for a clean retest at 81K-82K before entering long.
📍 Profit Targets:
TP1: 85K
TP2: 90K
TP3: 92K
📍 Stop Loss: Below 80.5K (invalidates structure).
Bullish Confirmation:
📌 Holding 82K as support increases the chances of a breakout.
📌 A strong push above 86K would confirm acceleration toward 90K+.
Risk Management & Considerations:
⚠️ Losing 80K support could lead to a pullback towards 78K-76K before another attempt upwards.
⚠️ Always manage risk with proper stop-loss and position sizing.
Final Thoughts:
This high-probability bullish setup aligns with market structure and liquidity trends. If BTC sustains momentum above 82K, a move toward 90K+ seems likely. Let’s watch how BTC reacts in the coming sessions! 📈🚀
Trade active
Bitcoin Analysis:Current Price: $84,299.99
Key Resistance Zone: $84,500 - $85,000 (Yellow Zone)
Breakout Confirmation: If BTC breaks and sustains above $85,000, it may rally toward $90,000 (Target Zone).
Support Levels:
Major Support: $80,000
Intermediate Support: $82,000
Bullish Factors Supporting BTC Rally:
✅ Strong Market Sentiment: Crypto markets have been rallying, with BTC forming higher lows.
✅ Altcoin & ETF Inflows: Positive institutional demand for Bitcoin ETFs has been boosting momentum.
✅ Technical Breakout Structure: The price is breaking out of a consolidation range, which could trigger further bullish momentum.
Possible Trading Plan:
Bullish Scenario:
Entry: Above $85,000 (Confirm Breakout)
Target: $90,000
Stop-Loss: Below $83,500
Bearish Scenario:
If BTC fails to break above $85,000, it could retrace back to $82,000-$80,000 before attempting another breakout.
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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.
Related publications
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.