Bitcoin has recently tested support and is now consolidating within a demand zone. The price action shows signs of a potential rebound, making this area interesting for swing traders looking for a short-term move to the upside.
Key Levels:
Buy Entry Point: 112,500
Stop Loss: 111,000
Take Profit: 114,500
Reasoning:
The 4H chart highlights support holding near the 112,500 level, supported by previous structure and rejection wicks. A bounce from this zone could drive momentum toward 114,500, the next resistance area. Stop loss is kept below support to limit downside exposure.
Disclaimer:
This analysis is for educational purposes only and not financial advice. Always manage risk and trade according to your own plan.
Key Levels:
Buy Entry Point: 112,500
Stop Loss: 111,000
Take Profit: 114,500
Reasoning:
The 4H chart highlights support holding near the 112,500 level, supported by previous structure and rejection wicks. A bounce from this zone could drive momentum toward 114,500, the next resistance area. Stop loss is kept below support to limit downside exposure.
Disclaimer:
This analysis is for educational purposes only and not financial advice. Always manage risk and trade according to your own plan.
Trade active
Note
The price of BTCUSD reached 113,500 from 112,500.Trade closed manually
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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.
More Market updates : Join my telegram channel
t.me/+T-DmNW7QW0k5MTdk
My telegram contact for direct reach to me @swing_trader24
t.me/+T-DmNW7QW0k5MTdk
My telegram contact for direct reach to me @swing_trader24
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.