Finding Entry Points: Analysis of Key LevelsHey traders and investors!
Every day in the Bitcoin market brings new opportunities but also involves risks. How can traders identify buyer and seller zones for their trades? Let's analyze the current situation and find the best entry points.
In this review: key levels 99,550 and 107,050 USDT, price movement forecasts, and strategies for identifying entry points.
Analysis of Bitcoin/USDT Chart (1D Timeframe)
The price has formed a range in which 10 vectors have already been realized.
Range Boundaries
• Upper boundary of the range: 108,353 USDT.
• Lower boundary of the range: 89,256.69 USDT.
Movement Vectors
The penultimate realized vector — 9-10, ended in the buyer zone (marked with a green rectangle on the chart). From the buyer zone, a buyer resumed and realized the vector — 10-11, which updated the ATH. Formally, the vector has played out, and the seller vector 11-12 with a target of 99,550 USDT can be expected.
Volumes
The chart highlights bars with increased volumes, signaling significant buying or selling activity. Special attention is drawn to the bar on January 20, 2025, where the price sharply moved up, but this movement met seller resistance, forming a large buying tail. At the same time, the volume remained concentrated at the top. On one hand, it is a buyer's bar; on the other hand, the large tail and concentrated volume at the top suggest mixed signals.
Let’s move to the 1H timeframe to understand the situation better and define levels for finding entry points.
Analysis of Bitcoin/USDT Chart (1H Timeframe)
The price has formed a range in which 9 vectors have already been realized.
Range Boundaries
• Upper boundary of the range: 109,588 USDT.
• Lower boundary of the range: 99,550 USDT.
Movement Vectors
The last realized seller vector: 9-10. The current buyer vector: 10-11, with a potential target of 107,050 USDT.
Finding Entry Points for Buying and Selling
Buying patterns can be identified if the buyer defends the level 99,550 USDT.
Selling patterns can be considered if the seller defends the level 107,050 USDT, or after breaking the lower boundary of the range and the seller defends this break. Looking for selling opportunities after a range breakout downward is risky, with a potential downside range of 95,000 – 94,000 USDT.
I wish you profitable trades!