Bitcoin
Long
Updated

BTC/USDT (Bitcoin) – 1D timeframe..

3 278
BTC/USDT (Bitcoin) – 1D timeframe with Volume Profile + Ichimoku Cloud + Downtrend line.

From my drawing and the arrow:

Current price is around $120,428.

There’s a downtrend line from the top still holding.

My arrow and label “Target Point” is pointing around $126,000 – $127,000 zone.

That area aligns with:

A volume gap (low liquidity zone),

Top of Ichimoku resistance cloud,

Trendline retest zone.



📌 Targets based on this chart:

Immediate target: $126,000 – $127,000 (retest of resistance).

If breakout above that zone, next upside could be $132,000 – $135,000.

But if rejection happens, downside retest levels are $115,000 – $112,000.
Trade active
Target done
Trade closed: target reached
target done

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.