BTC Signals Today: 78.6% Fibonacci Retracement and Pivot Test
1. Key Levels
Pivot (P) = 110,984
Resistance 1 (R1) = 111,696
Support 1 (S1) = 110,088
Fib 0.0% (High) = 111,880
Fib 23.6% = 111,580
Fib 38.2% = 111,280
Fib 50.0% = 111,076
Fib 61.8% = 110,872
Fib 78.6% = 110,544
Fib 100.0% (Low) = 110,272
2. Bullish Scenario$BTC
Trigger Condition: Price stabilizes above Fib 78.6% = 110,544 on an hourly close.
First Buy Point: On an hourly rebound from 110,600–110,550 (Fibonacci Support Area).
Targets:
First Target: Fib 61.8% = 110,872
Second Target: Pivot = 110,984
Advance Target: Fib 38.2% = 111,280 then R1 = 111,696
Stop Loss: An hourly close below 110,500
3. Bearish Scenario
Trigger Condition: A clear break and repeated support below the 78.6% Fib = 110,544.
First Sell Point: Between 110,544–110,500 after the break and retest of the Fibonacci.
Targets:
First Target: S1 = 110,088$BTC
Advanced Target: 100% Fib = 110,272
Stop Loss: An hourly close above 110,650$BTC
4. Additional Points for Trade Management
Use a trailing stop after reaching the first target to lock in profits.
Monitor the trading volume on the hourly timeframe: Fibonacci support with high volume confirms the legitimacy of the retracement.
Avoid trading during important economic announcements (such as inflation data or Fed decisions).