Bitcoin (BTC/USD) Trade Setup – Potential Long Opportunity ChartChart Overview:
A possible bullish retracement setup. The price has recently experienced a sharp decline, but a recovery is forming, suggesting a potential buying opportunity.
Key Trading Zones:
🔹 Entry Zones:
1st Entry: Around 95,790 USD, where the price is currently consolidating.
2nd Entry: Near 97,150 USD, an intermediate resistance level.
3rd Entry: Close to 97,678 - 98,205 USD, marking a stronger resistance area.
🔹 Stop Loss:
Placed above 99,000 USD to protect against further upside risk.
Trade Plan:
📌 Entry Strategy:
Buyers may step in near the current support zone (~95,790 USD) for a potential upside move.
If the price breaks above the 97,150 USD level, a further rally toward 98,205 USD could occur.
📌 Target Levels:
A possible short-term bullish retracement toward the entry zones (97,150 - 98,205 USD) before deciding further direction.
📌 Stop Loss Strategy:
If price moves above 99,000 USD, it invalidates the short-term bearish scenario.
Market Structure Analysis:
✅ Previous Strong Drop: Indicates sellers' control, but a retracement is expected.
✅ Potential Retracement Levels: Buyers may attempt to push BTC back into the entry zones.
✅ Risk-to-Reward Ratio: The trade setup suggests a favorable risk-reward balance if price follows the expected path.
Final Thoughts:
Watch for confirmation of a bullish retracement before entering.
A break below 95,000 USD could invalidate the setup.
Manage risk properly and adjust stop losses accordingly.
📈 Trade carefully and monitor market conditions! 🚀
