π BTC/USD - 1H Chart Analysis
πΉ Current Price: $89,008
πΉ Market Structure: Bearish Retest in Play
π Key Resistance Zone (Sell Zone):
$90,288 - $90,900 → Price needs confirmation before entering a short trade.
π Key Support Zones (Take Profit Levels for Shorts):
TP1: $88,910
TP2: $88,323
TP3: $86,942 (Major demand zone)
π Bearish Scenario:
π» If price rejects the $90,288 - $90,900 zone, we expect a drop towards TP1, TP2, and TP3.
π» Strong rejection from this zone confirms a short entry.
π Bullish Scenario:
✅ If price breaks and holds above $90,900, we could see a move towards $93,581 - $94,762.
π‘ Trading Plan:
π― Sell Setup: Wait for rejection in the $90,288 - $90,900 zone.
π― Buy Setup: Only consider long positions if price breaks and holds above $90,900.
π― Manage risk accordingly with SL above resistance or below support zones.
#Fxforever #Bitcoin #BTCUSD #CryptoTrading #SmartMoney #TechnicalAnalysis π
http://dlvr.it/TJNRTV
πΉ Current Price: $89,008
πΉ Market Structure: Bearish Retest in Play
π Key Resistance Zone (Sell Zone):
$90,288 - $90,900 → Price needs confirmation before entering a short trade.
π Key Support Zones (Take Profit Levels for Shorts):
TP1: $88,910
TP2: $88,323
TP3: $86,942 (Major demand zone)
π Bearish Scenario:
π» If price rejects the $90,288 - $90,900 zone, we expect a drop towards TP1, TP2, and TP3.
π» Strong rejection from this zone confirms a short entry.
π Bullish Scenario:
✅ If price breaks and holds above $90,900, we could see a move towards $93,581 - $94,762.
π‘ Trading Plan:
π― Sell Setup: Wait for rejection in the $90,288 - $90,900 zone.
π― Buy Setup: Only consider long positions if price breaks and holds above $90,900.
π― Manage risk accordingly with SL above resistance or below support zones.
#Fxforever #Bitcoin #BTCUSD #CryptoTrading #SmartMoney #TechnicalAnalysis π
http://dlvr.it/TJNRTV