BTC/USDT – Bitcoin 1 hour timeframe

29 Mei

📊 Technical Overview
🟢 Support Zone:
📌 Around $105,700
🛡 Marked by multiple bounces (white arrows), this zone shows strong buyer interest.
🔁 Historically acts as a springboard for upside moves 📈.

🔴 Resistance Zone:
📌 Range: $109,000 – $111,500
🚫 Every approach has triggered a sharp sell-off (black arrows), confirming this zone as significant supply.

🔄 Price Action & Pattern Insights
📉 Bearish Swings from Resistance:

Several high-wick candles followed by strong rejections ⛔

Downward arrows suggest a distribution phase near the top range

📈 Bullish Reversal Signals:

Price sharply rebounds from support 💥

V-shaped recovery setup in motion with a clean reaction from the demand zone ✅

Arrow projection hints at a potential full range recovery 🌈

📦 Box Range Formation:

Market has been consolidating in horizontal zones

Each zone acts as a base for accumulation or distribution 🧭

🎯 Trade Idea & Forecast
📍 Current Price: $105,793.35
📈 Projected Move: Upside rally toward $111,000+
🧠 Rationale:

Bounce from a major support zone

Prior similar price actions led to parabolic rises 🚀

No lower lows made – signs of a bottom forming 🪙

📌 Action Plan
✅ Long Setup:

Entry: Above $106,000

Target: $109,000 – $111,500

Stop Loss: Below $105,000

📉 Risk/Reward: Favorable (~1:3)

🚫 Bearish Alternative:

Breakdown below $105,000 with volume ❗

Target: $103,000 (next liquidity zone)

📎 Conclusion: Ready for a Bullish Comeback?
Bitcoin (BTC/USDT) is showing signs of a textbook bullish reversal 📘 after defending a key demand level 💪. If the current momentum holds, we could see a swift move back to the top of the range. Ideal for short-term buyers looking to ride the intraday wave 🌊.

30 Mei

Dagangan aktif

tarde active

1 Jun

Dagangan ditutup: hentian tercapai