Hi traders, Anfibo's here!
BTCUSD – Technical Outlook
Technical Structure:
Price action currently respects a descending channel, with:
- Upper boundary (resistance): around $106,000 – $107,000
- Lower boundary (support): converging with the D1 trendline and the 0.618 Fibonacci retracement zone, located between $94,000 – $95,000
This confluence area at $94,000 – $95,000 will be crucial. It not only represents technical alignment between multiple structures (Trendline + Fibonacci) but also marks the boundary where short-term sentiment could shift from corrective to impulsive.
Trading Strategy:
Our tactical approach remains straightforward and adaptive:
“Trade the trend when touched – reverse the bias if the trend breaks.”
#1 – Rejection at Upper Boundary:
Should BTC retest the 106–107k resistance and fail to break through, short-term sell opportunities may arise targeting the mid-range or lower boundary (95k region).
#2 – Reaction at Lower Boundary:
If price reaches the 94–95k support zone and holds, this area could offer high-probability long entries, particularly if accompanied by bullish divergence or strong volume confirmation.
#3 – Breakdown of Structure:
A clean break below $90,000 would signal structural weakness, exposing BTC to the next major support cluster between $80,000 and $70,000. Such a move would represent a deeper corrective leg in the broader cycle and could reset the market’s medium-term trend.
Trading Plan:
>>> SELL ZONE: (x1000)
ENTRY: 106 - 108
SL: 109
TP: 95
>>> BUY ZONE:(x1000)
ENTRY: 93 - 95
SL: 90
TP: 120
Risk Management:
- Stick to small-to-medium positions within the range; increase size only on confirmed breakouts.
- Keep stops tight, as sideways phases tend to trigger false signals.
- Maintain Risk:Reward ≥ 1:2 and avoid overtrading in choppy conditions.
- Reassess bias once the channel is clearly broken.
Conclusion:
BTC is currently in a compressed, corrective phase, moving within a defined range. The key battleground lies between $95,000 and $107,000. Traders should remain flexible, respecting both boundaries of the channel and reacting based on breakout confirmations rather than anticipation.
As long as BTC holds above the $94,000 – $95,000 confluence, the broader bullish structure on the daily timeframe remains intact. However, a decisive break below $90,000 would open the door for a larger-scale correction toward the $80,000 - $70,000 zone—where long-term accumulation could once again become attractive.
GOODLUCK GUYS!!!
BTCUSD – Technical Outlook
Technical Structure:
Price action currently respects a descending channel, with:
- Upper boundary (resistance): around $106,000 – $107,000
- Lower boundary (support): converging with the D1 trendline and the 0.618 Fibonacci retracement zone, located between $94,000 – $95,000
This confluence area at $94,000 – $95,000 will be crucial. It not only represents technical alignment between multiple structures (Trendline + Fibonacci) but also marks the boundary where short-term sentiment could shift from corrective to impulsive.
Trading Strategy:
Our tactical approach remains straightforward and adaptive:
“Trade the trend when touched – reverse the bias if the trend breaks.”
#1 – Rejection at Upper Boundary:
Should BTC retest the 106–107k resistance and fail to break through, short-term sell opportunities may arise targeting the mid-range or lower boundary (95k region).
#2 – Reaction at Lower Boundary:
If price reaches the 94–95k support zone and holds, this area could offer high-probability long entries, particularly if accompanied by bullish divergence or strong volume confirmation.
#3 – Breakdown of Structure:
A clean break below $90,000 would signal structural weakness, exposing BTC to the next major support cluster between $80,000 and $70,000. Such a move would represent a deeper corrective leg in the broader cycle and could reset the market’s medium-term trend.
Trading Plan:
>>> SELL ZONE: (x1000)
ENTRY: 106 - 108
SL: 109
TP: 95
>>> BUY ZONE:(x1000)
ENTRY: 93 - 95
SL: 90
TP: 120
Risk Management:
- Stick to small-to-medium positions within the range; increase size only on confirmed breakouts.
- Keep stops tight, as sideways phases tend to trigger false signals.
- Maintain Risk:Reward ≥ 1:2 and avoid overtrading in choppy conditions.
- Reassess bias once the channel is clearly broken.
Conclusion:
BTC is currently in a compressed, corrective phase, moving within a defined range. The key battleground lies between $95,000 and $107,000. Traders should remain flexible, respecting both boundaries of the channel and reacting based on breakout confirmations rather than anticipation.
As long as BTC holds above the $94,000 – $95,000 confluence, the broader bullish structure on the daily timeframe remains intact. However, a decisive break below $90,000 would open the door for a larger-scale correction toward the $80,000 - $70,000 zone—where long-term accumulation could once again become attractive.
GOODLUCK GUYS!!!
Trade active
BTC matched sell order and brought sell profit +$2500/BTC. Nice huh?Trade closed: target reached
After 2 weeks of waiting, BTC is finally going as planned. We are preparing to buy at 93-95k as planned.
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Related publications
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.