BTC/USD | Short-Term Analysis
Bitcoin has bounced off the support zone and is now trading in an upward channel. Bullish momentum is expected in the next few hours after price consolidation.
Key Levels:
Support: 109,250 USD
Resistance / Weekly Target: 110,200 USD
✅ Trading Idea: Consider a buy setup when the price touches the lower channel, with a stop loss below support. Follow the upward trend to the weekly target.
Note: Be sure to apply risk management; the market is volatile.
Bitcoin has bounced off the support zone and is now trading in an upward channel. Bullish momentum is expected in the next few hours after price consolidation.
Key Levels:
Support: 109,250 USD
Resistance / Weekly Target: 110,200 USD
✅ Trading Idea: Consider a buy setup when the price touches the lower channel, with a stop loss below support. Follow the upward trend to the weekly target.
Note: Be sure to apply risk management; the market is volatile.
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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.
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.