Bitcoin
Panjang
Telah dikemas kini

BTC/USD) Bullish reversal analysis Read The Chaptian

740
SMC Trading point update



This is a bullish reversal analysis on BTC/USD (Bitcoin to USD) on the 4-hour chart, suggesting a potential long opportunity after a sharp corrective move.


---

Key Breakdown of the Chart:

1. Strong Downward Move with Potential Reversal:

Bitcoin experienced a sharp drop from the 88k region to ~74,387.50, now hitting a key demand zone (marked as "Orderblock").



2. Bullish Reaction Expected:

From the Orderblock support zone, a bullish reversal is anticipated.

The projected move aims to fill the imbalance and test the target zone between 87,152.94 and 88,557.14.



3. RSI Oversold:

RSI is around 32.27, indicating oversold conditions and adding confluence for a potential bounce.



4. EMA (200):

The 200 EMA lies around 85,153.85, which may act as dynamic resistance on the way up.


Mr SMC Trading point


5. Price Target:

The expected upside move is approximately +13,722.85 points (+18.75%), aiming for the supply zone above 87k.





---

Conclusion / Trade Idea:

Entry Zone: Near 74,387.50, the orderblock/demand area.

Target Zone: 87,152.94 – 88,557.14

Bias: Bullish short- to mid-term reversal.

Confluences: Oversold RSI, clean support zone, potential trendline bounce, and price inefficiency above.



---


Pales support boost 🚀 analysis follow)
Dagangan aktif
tarde ruuing profts

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.