๐ BTC/USD - 1H Chart Analysis
๐น Current Price: $89,008
๐น Market Structure: Bearish Retest in Play
๐ Key Resistance Zone (Sell Zone):
$90,288 - $90,900 → Price needs confirmation before entering a short trade.
๐ Key Support Zones (Take Profit Levels for Shorts):
TP1: $88,910
TP2: $88,323
TP3: $86,942 (Major demand zone)
๐ Bearish Scenario:
๐ป If price rejects the $90,288 - $90,900 zone, we expect a drop towards TP1, TP2, and TP3.
๐ป Strong rejection from this zone confirms a short entry.
๐ Bullish Scenario:
✅ If price breaks and holds above $90,900, we could see a move towards $93,581 - $94,762.
๐ก Trading Plan:
๐ฏ Sell Setup: Wait for rejection in the $90,288 - $90,900 zone.
๐ฏ Buy Setup: Only consider long positions if price breaks and holds above $90,900.
๐ฏ Manage risk accordingly with SL above resistance or below support zones.
#Fxforever #Bitcoin #BTCUSD #CryptoTrading #SmartMoney #TechnicalAnalysis ๐
http://dlvr.it/TJNRTV
๐น Current Price: $89,008
๐น Market Structure: Bearish Retest in Play
๐ Key Resistance Zone (Sell Zone):
$90,288 - $90,900 → Price needs confirmation before entering a short trade.
๐ Key Support Zones (Take Profit Levels for Shorts):
TP1: $88,910
TP2: $88,323
TP3: $86,942 (Major demand zone)
๐ Bearish Scenario:
๐ป If price rejects the $90,288 - $90,900 zone, we expect a drop towards TP1, TP2, and TP3.
๐ป Strong rejection from this zone confirms a short entry.
๐ Bullish Scenario:
✅ If price breaks and holds above $90,900, we could see a move towards $93,581 - $94,762.
๐ก Trading Plan:
๐ฏ Sell Setup: Wait for rejection in the $90,288 - $90,900 zone.
๐ฏ Buy Setup: Only consider long positions if price breaks and holds above $90,900.
๐ฏ Manage risk accordingly with SL above resistance or below support zones.
#Fxforever #Bitcoin #BTCUSD #CryptoTrading #SmartMoney #TechnicalAnalysis ๐
http://dlvr.it/TJNRTV
