BTCUSD 1H Chart Analysis Using Pitchfox:
Analyzing the BTCUSD 1-hour chart with the Pitchfork tool (Andrews Pitchfork), we observe that Bitcoin is currently consolidating just above the lower median of the projected pitchfork channel after a recent recovery from the $103,530 low. Price action is fluctuating between the median and lower bands, indicating a period of accumulation within a broader corrective structure.
Key levels for this setup:
- **Target (Take Profit):** $115,000 — aligning with the upper boundary of the channel, this zone coincides with recent resistance and the next projected reaction line as per the Pitch Fox model.[
- **Stop Loss:** $110,000 — just below the recent moving average ribbon and lower channel support to manage downside risk in case of a bearish reversal.
Expectations: A decisive breakout above the median could confirm further upside momentum toward the target, while a breakdown below support warns of a return to the $107,500–$103,500 area. Adjust SL/TGT as volatility develops.
**Risk Warning:** Crypto markets are volatile. Always use stop losses and manage your risk accordingly.
Analyzing the BTCUSD 1-hour chart with the Pitchfork tool (Andrews Pitchfork), we observe that Bitcoin is currently consolidating just above the lower median of the projected pitchfork channel after a recent recovery from the $103,530 low. Price action is fluctuating between the median and lower bands, indicating a period of accumulation within a broader corrective structure.
Key levels for this setup:
- **Target (Take Profit):** $115,000 — aligning with the upper boundary of the channel, this zone coincides with recent resistance and the next projected reaction line as per the Pitch Fox model.[
- **Stop Loss:** $110,000 — just below the recent moving average ribbon and lower channel support to manage downside risk in case of a bearish reversal.
Expectations: A decisive breakout above the median could confirm further upside momentum toward the target, while a breakdown below support warns of a return to the $107,500–$103,500 area. Adjust SL/TGT as volatility develops.
**Risk Warning:** Crypto markets are volatile. Always use stop losses and manage your risk accordingly.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.