Bitcoin
Long

Bitcoin (BTC/USD) Trade Setup: Potential Reversal & Target Proje

381
200 EMA (Blue): 86,960.21

30 EMA (Red): 86,149.39

The price is currently below both EMAs, indicating a short-term bearish trend.

Key Levels:

Stop Loss: 83,954.20 (marked in blue at the bottom)

Re-entry Level: 86,198.54 (near the 30 EMA)

Target Price: 89,056.91

Support & Resistance Zones:

Strong Support Zone: Around 83,954.20

Intermediate Resistance: Near 86,198.54

Major Resistance Zone: Close to 89,056.91

Trade Setup & Projection:
The chart suggests a potential reversal from the support zone.

The expected price movement shows a bounce from support, a breakthrough of the intermediate resistance, and a push toward the target price (89,056.91).

The expected gain is 4,509.86 points (5.34%).

Conclusion:
If BTC holds the support zone, an upside move is likely.

Breaking above 86,198.54 would confirm a bullish reversal.

Failing to hold support at 83,954.20 could lead to further downside.

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