🔍 #Chart Structure Analysis
Trend Overview
Previous Trend: There is a visible bullish trend channel (Buy Pattern) before entering a consolidation phase.
Current Phase: The price is in a range-bound consolidation, marked by the oval-shaped zone labeled "Weekly movement area according to H1 candlestick."
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📈 Key Technical Zones
Support Levels
Support Double Bottom: Around the $107,000 - $108,000 area — a typical reversal pattern, suggesting possible bullish pressure.
Supply Zones (Resistance)
Supply 1 and 2: Marked near the tops of the range, acting as interim resistance within the consolidation.
🎯 Target Levels
#Target 1: $109,937.69
##Target 2: $111,038.84
###Target 3: $112,858.15
####Last Target: $116,281.32
Each target builds on a bullish breakout from the consolidation zone, implying a bullish forecast.
📌#Strategy Suggestion
Potential Entry: Upon confirmation of a breakout above the Supply 2 level and double bottom neckline.
Risk Management: Stop loss just below the recent support at $104,216.45.
Progressive Take Profits: Scale out at each target level to lock in gains.
🧠#Conclusion
The chart shows a structured, bullish bias in BTC on the 1-hour timeframe. If the double bottom plays out and price breaks above Supply 2, the staged target system provides a clear risk-reward plan.
Trend Overview
Previous Trend: There is a visible bullish trend channel (Buy Pattern) before entering a consolidation phase.
Current Phase: The price is in a range-bound consolidation, marked by the oval-shaped zone labeled "Weekly movement area according to H1 candlestick."
---
📈 Key Technical Zones
Support Levels
Support Double Bottom: Around the $107,000 - $108,000 area — a typical reversal pattern, suggesting possible bullish pressure.
Supply Zones (Resistance)
Supply 1 and 2: Marked near the tops of the range, acting as interim resistance within the consolidation.
🎯 Target Levels
#Target 1: $109,937.69
##Target 2: $111,038.84
###Target 3: $112,858.15
####Last Target: $116,281.32
Each target builds on a bullish breakout from the consolidation zone, implying a bullish forecast.
📌#Strategy Suggestion
Potential Entry: Upon confirmation of a breakout above the Supply 2 level and double bottom neckline.
Risk Management: Stop loss just below the recent support at $104,216.45.
Progressive Take Profits: Scale out at each target level to lock in gains.
🧠#Conclusion
The chart shows a structured, bullish bias in BTC on the 1-hour timeframe. If the double bottom plays out and price breaks above Supply 2, the staged target system provides a clear risk-reward plan.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.