#BTC 1. Context & Trend
4H Timeframe: The market has shown a strong bullish move from the ~83,100 low on April 20 up to ~105,819 high (Amplitude ~0.99%). Price is currently above MA(7), MA(25), and MA(99), indicating that the medium-term trend remains bullish.
1H Timeframe: After a slight correction from the high, price bounced from the 101–102k region and is retesting the short-term MAs (MA7/MA25) from below, a short-term bullish signal.
2. Fibonacci Retracement Levels (From 101,000 to 105,819)
matlabCopyEdit• 0.0% @ 105,819 ← Swing High
•23.6%-104,680
•38.2%-103,980
•50.0%-103,410
•61.8%-102,840
•100%-101,000 ← Swing Low
Current price (~103,480) is hovering near the 50% Fibonaci level (103,410).
Holding above 50% and closing 1H candles above 38.2% (103,980) would reinforce a bullish continuation toward 23.6% (104,680).
3. Daily Pivot
Based on yesterday’s data (High=105,819, Low≈101,000, Close≈103,482):
LevelValuePivot103,433R1104,866R2106,299S1100,017S298,584
Main support lies near Pivot (103,433), then S1 (100,017).
First resistance is at R1 (104,866), followed by R2 (106,299).
4. Moving Averages Insights
MA(7) > MA(25) > MA(99) on both timeframes,
Confirming an ongoing bullish trend.
On 1H, MA(7) recently crossed MA(25) upward – a bullish short-term signal confirming support test and bounce.
5. Volume Analysis
A moderate increase in buy volume around 102,000–102,500 supports the bullish rebound.
No strong sell volume clusters yet, suggesting bullish momentum is still intact.
6. Trade Scenarios
ScenarioEntry PointTarget 1Target 2Stop LossBullishNear Pivot (103,433) or 50% Fib (103,410)1) 38.2% Fib → 103,980
2) R1 → 104,866—Below 61.8% Fib (102,840)BearishOn failure to break above 23.6% Fib (104,680)Pivot → 103,433S1 → 100,0171H close above 23.6% Fib (104,680)
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Overall trend: Bullish on medium-term (4H) with renewed bullish activity in short-term (1H).
Upside targets: First at ~103.98k, then ~104.8–105k range.
Key support levels: 103.43k (Pivot), followed by 102.84k (61.8% Fib).
Risk mgmnt: Use a stop below 102.84k
