Bitcoin (BTC/USD) - Bullish Setup with Key Levels
BTC/USD is currently trading around $95,700, showing signs of a potential bullish continuation. The recent consolidation suggests that buyers are absorbing supply before the next leg up.
Key Observations
• Bullish Structure: The price is forming a potential higher low near support (green trendline), indicating strength.
• Liquidity Grab & Reversal: A deeper pullback to the green support area could serve as a liquidity sweep before an impulsive move higher.
• Targeting All-Time Highs: If price follows the projected yellow path, we could see a rally toward the $117,857 - $120,000 resistance zone, aligning with the red trendline.
Trade Plan
• Wait for a pullback toward the lower trendline (~90K -
92K).
• Look for bullish confirmations (rejection wicks, bullish engulfing, etc.) before entering.
• Target: $117,857 and possibly higher if momentum sustains.
⚠️ Risk Management: If BTC loses key support (green trendline), bullish momentum could weaken, requiring a reassessment of market conditions.
Key Observations
• Bullish Structure: The price is forming a potential higher low near support (green trendline), indicating strength.
• Liquidity Grab & Reversal: A deeper pullback to the green support area could serve as a liquidity sweep before an impulsive move higher.
• Targeting All-Time Highs: If price follows the projected yellow path, we could see a rally toward the $117,857 - $120,000 resistance zone, aligning with the red trendline.
Trade Plan
• Wait for a pullback toward the lower trendline (~90K -
92K).• Look for bullish confirmations (rejection wicks, bullish engulfing, etc.) before entering.
• Target: $117,857 and possibly higher if momentum sustains.
⚠️ Risk Management: If BTC loses key support (green trendline), bullish momentum could weaken, requiring a reassessment of market conditions.
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.