HELLO 🤗 👋 Traders BTC USDT
Technical analysis of BTC/USDT – 2H Chart Analysis
Key Elements on the Chart:
Support Zone: Around $101,000 (marked near the EMA 200)
Resistance Zone: Around $105,800–$106,000
Trade Target: ~$109,218
EMA 50 (red): ~$103,871
EMA 200 (blue): ~$101,121
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Analysis Overview:
1. Current Structure:
BTC is currently near the resistance zone, hovering around $105,300.
The chart shows two possible retracement paths before a bullish continuation:
A minor pullback to the resistance-turned-support area (~$104,500–$105,000)
A deeper pullback to the support zone near the EMA 200 (~$101,100)
2. Bullish Scenario (Primary Idea):
If BTC retests the resistance zone and holds above the 50 EMA:
Expected bounce to the $109,218 trade point
Emoji summary:
Resistance flip: 🔄
Support holds: ✅
Breakout move: 🚀
Target: 🎯
3. Bearish Pullback Before Rally (Alternative Path):
Price could reject from the current level, fall back to the support zone (near EMA 200), and then bounce:
This would trap late sellers and build stronger bullish momentum
A bullish reversal from the support would again aim for $109,218
Emoji summary:
Pullback: ⬇️
Support test: ⚠️
Rebound: 🔁
Rally: 🚀
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Conclusion:
This idea reflects a bullish continuation setup with two potential entry scenarios. Watching for price action at the support zones and reaction around the EMAs is key. The target of $109,218 remains valid as long as BTC holds above the EMA 200 zone.
