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BTC/USD at Critical Juncture: Breakout or Breakdown? Key Levels

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This BTC/USD 1-hour chart highlights a critical range-bound zone with potential breakout and breakdown scenarios. The price is currently consolidating within a defined range, and a move outside this zone could dictate the next direction.

Breakout Targets:

Target 1: $79,500

Target 2: $80,500

Watch the Reversal Zone for potential resistance.


Breakdown Targets:

Target 1: $82,500

Target 2: $81,500

Below this level, watch for buying interest in the Demand Zone.



Key elements:

Trend Line support has guided the recent bullish move.

Decision point approaching; monitor for a confirmed breakout or breakdown.

Ideal for short-term traders seeking high-probability setups based on price action and support/resistance levels.


Stay alert for volume spikes or news catalysts that could trigger a move beyond the range.


Note:
This is not a trading signal, just my personal analysis based on current market trends.
Dagangan aktif
brekdown target 1 reached
syot kilat
Dagangan ditutup: sasaran tercapai
target reached successfully
syot kilat

Penafian

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