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BTC/USD - 1H Chart Analysis

๐Ÿ“Š BTC/USD - 1H Chart Analysis

๐Ÿ”น Current Price: $89,008
๐Ÿ”น Market Structure: Bearish Retest in Play

๐Ÿ“ Key Resistance Zone (Sell Zone):

$90,288 - $90,900 → Price needs confirmation before entering a short trade.
๐Ÿ“ Key Support Zones (Take Profit Levels for Shorts):

TP1: $88,910
TP2: $88,323
TP3: $86,942 (Major demand zone)
๐Ÿ“‰ Bearish Scenario:
๐Ÿ”ป If price rejects the $90,288 - $90,900 zone, we expect a drop towards TP1, TP2, and TP3.
๐Ÿ”ป Strong rejection from this zone confirms a short entry.

๐Ÿ“ˆ Bullish Scenario:
✅ If price breaks and holds above $90,900, we could see a move towards $93,581 - $94,762.

๐Ÿ’ก Trading Plan:
๐ŸŽฏ Sell Setup: Wait for rejection in the $90,288 - $90,900 zone.
๐ŸŽฏ Buy Setup: Only consider long positions if price breaks and holds above $90,900.
๐ŸŽฏ Manage risk accordingly with SL above resistance or below support zones.

#Fxforever #Bitcoin #BTCUSD #CryptoTrading #SmartMoney #TechnicalAnalysis ๐Ÿš€


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