[WEEKLY] ANFIBO | Bitcoin BTCUSD - Downtrend? [11.24 - 11.28]Hi traders, Anfibo’s here!
BTCUSD – Technical Outlook
Overall Picture:
Last week, BITSTAMP:BTCUSD dipped into the 80,000 USD support zone, a key area that has previously acted as a structural demand region during corrective phases. The market reacted well, showing a notable bounce—though not yet strong enough to confirm a full trend reversal. Current price action remains in a broad corrective structure, and until BTC reclaims major broken levels, we treat all upward movements as retracements within a larger correction. The next week will be crucial, with clear opportunities both for strategic dip-buying and trend-continuation selling depending on how price behaves around major zones.
Weekly Trading Plan:
>>> BUY ZONE:
ENTRY: 83,000 – 85,000
SL: 80,000
TP: 96,000 → 98,000 → 102,000
(Looking to buy the retest of the previously broken structure around 98k. This is a classic “reclaim & retest” setup if momentum continues to recover.)
>>> SELL ZONE:
ENTRY: 98,000 - 102,000 (retest of breakdown)
SL: 106,000
TP: 87,000 → 80,000 → 77,000 → 72,000 → ...
(These levels align with the deeper correction targets. I will only execute these sells if BTC shows clear rejection signals, matching the purple-arrow projection.)
Risk Management:
Keep position size moderate until BTC confirms a clear trend direction.
Prioritize setups with clean invalidation points such as the 98k retest and the 76–71k demand range.
Avoid chasing price mid-range; trade only from well-defined boundaries.
Always secure partial profits once the market moves in your favor to reduce emotional pressure.
Conclusion:
BTC is showing signs of stabilizing after the bounce from 80k, but the market remains in a broad corrective phase. The plan for the upcoming week is straightforward: look to buy corrective pullbacks into the 98k retest, while also preparing to sell deeper breakdowns toward the 76–71k zone if bearish confirmation appears. Flexibility is essential—trade the chart, not the prediction.
HAVE A POWERFUL WEEK, GUYS!
