ANFIBO | BTCUSD will go to 109,000 USD?Hi guys, Anfibo's here ! This is my BITSTAMP:BTCUSD – In-Depth Analysis & Trading Plan
In the most recent session, BTC showed a positive reaction at the $111,000 support level, bouncing back above $112,000. This indicates that short-term buying pressure remains present around this key zone. However, on the H4 timeframe, I believe BTC is likely to form a double bottom pattern around the $109,000 region – which is precisely where I am waiting for a strategic buy entry with a favorable risk-to-reward setup.
Here's My Trading Plan:
>>> BUY ZONES:
- ENTRY: 108,000 - 110,000
- SL: below 107,000 (depending on risk appetite)
- TP1: 117,500
- TP2: 122,000
- TP3: 128,000
Key Resistance Levels Before Reaching TP
For BTC to achieve the targets, it must first clear several intermediate resistance levels:
$117,500
$119,000
$122,000
These will serve as critical checkpoints, as price reactions here will determine whether the recovery trend can sustain momentum.
Important Support Zones to Watch
In the event of further weakness, the following support levels will be crucial:
$109,500
$105,000
$101,000
Notably, $101,000 is a decisive level on the higher timeframe. Should this support break convincingly, we must prepare for a major trend reversal scenario, potentially opening the door to a deeper decline.
Conclusion, Personal Outlook
BTC is currently moving within a key support area and is showing signs of forming a short-term bottom. My primary strategy is to buy around $109,000, aiming for a recovery toward the $120,000 – $125,000 range, while maintaining strict risk management in case the $101,000 level is broken.
In this environment, short-term traders can take advantage of corrective rallies, while long-term investors should remain patient and monitor the 101k zone closely – as it represents a potential “line in the sand” that could redefine the next major cycle.
WISH ALL YOU THE BEST, MY FRIENDS!
