BTC/USD chart analysis for long position

13 Mei

BTC long position movement scenario trend and supply zone
Support Zone at ~99,000
This area is a major demand/support zone where the price has historically rallied to the upwards direction from.
Buyers might still consider stepping into the market should the price revisit this level.
Previous Consolidation(Marked 103,000 - 105,500):
This is a rectangle that captures the sideways movement price has shown for some time after a sharp uptrend.
Having been priced out of this range, this area may now serve as resistance.
Current Movement:
Price moves sideways and a range has been broken on the lower side, now price recovers within the rising channel.
I have drawn two possible projections: one is towards further movement up the channel and one has a rejection then possible move downwards.
Current Price 103770
Right at an expected turning point—approaching the previous range resistance.

Expected Possible Actions (Your Goals) by psychic bias; depending on:

Bullish Bias:

If the price maintains the rising channel and breaks above 105,000, I would expect further continuation to the upside and would suggest monitoring breakout confirmations.

Bearish Bias:

Set orders at the lower boundary of the upper region (~105,000) then it may fall back toward the lower portion of the channel or the support zone near 99,000

13 Mei

Dagangan ditutup: sasaran tercapai

target reached almost 100+pips ready to take over partial take profit