Bitcoin
Panjang

BTCUSD technical analysis. and long setup,

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This image is a Bitcoin (BTC/USD) price chart on the 1-hour timeframe from TradingView. It features technical analysis with a descending trendline, a highlighted support zone (marked with a rectangle), and a potential trade setup with a risk-reward box (green for profit target, red for stop loss). The background is customized to yellow.

The chart suggests a possible breakout from the downtrend, as price action has moved above the descending trendline. The highlighted support zone around $78,000 indicates where buyers may have stepped in. The target for the long position appears to be around $87,488, while the stop loss is near $80,671.

Are you looking for further analysis or insights on this setup?

Penafian

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