Today’s technical analysis identifies an AB=CD harmonic pattern forming on the BTC/USDT daily chart. The market has completed the initial bullish leg from point A to point B, followed by a corrective move in progress toward point C. This pattern suggests a potential bullish continuation once the price completes the CD leg.
🔹 Pattern: AB=CD
🔹 Entry Zone (Buy Limit): Between 98,192 and 99,045 USDT
🔹 Stop Loss: Placed at 81,758 USDT, just below the previous significant low, to protect against invalidation
🔹 Take Profit Targets:
• TP1: 114,412 USDT – aligned with historical resistance and projected CD leg
• TP2: 129,565 USDT – extended Fibonacci projection level
The RSI Divergence Indicator currently reads at 65.87, suggesting bullish momentum remains intact but nearing overbought conditions. Notably, several bullish RSI divergences marked earlier have supported price rallies, adding confidence to this setup.
The expected trajectory from point C toward D completes the harmonic pattern with a 3.14 Fibonacci projection, aligning well with historical resistance areas. This setup offers a favorable risk-to-reward ratio, provided price retraces into the ideal buy zone before continuing upward.
📉 Strategy Summary:
Traders may consider placing a buy limit order between 98,192–99,045 USDT, with a tight stop below 81,758, aiming for profit targets at 114K and 129K levels. Confirmation of support around point C will be essential before full entry.