🔍 Technical Analysis
1. Support Level (108,000 zone)
This zone has been tested multiple times with strong wicks bouncing off.
Indicates a strong support area — buyers are defending this level.
2. Price Structure
We see lower highs and lower lows, showing a bearish structure.
But now, price is consolidating (tight candles, low volatility).
It may be forming a base for reversal.
3. Entry Strategy (Long Trade)
Long setup is placed just above current support.
You’re likely betting on a bounce back toward 109,000–109,400.
4. Risk/Reward Ratio
Stop Loss: ~107,736
Entry: ~108,822
Target: ~109,100–109,400
Risk-to-Reward (R:R): Around 1:2.5 — a solid setup.
📈 Prediction: What May Happen Next
🟢 Bullish Scenario (Probability: 60%)
Price bounces off the 108,000 support
Breaks above 108,900–109,100 resistance zone
Heads toward 109,400 or higher
Supported by the accumulation zone and previous rejection wicks
🔴 Bearish Scenario (Probability: 40%)
Price breaks and closes below 108,000
Hits SL at 107,736
Then targets 107,400–107,200 support area
🧭 Suggested Actions
Action Level Comment
Buy/Long Entry ~108,820 Already near execution zone
Stop Loss ~107,736 Below strong support, good placement
Take Profit (TP1) ~109,100 Just under resistance
Take Profit (TP2) ~109,400 Next key resistance
✅ Summary
Bias: Bullish (as long as 108,000 holds)
Setup: Risk-managed long trade
Confirmation Needed: Bullish engulfing candle or strong green close
Avoid Entry: If 4H or 1D candle closes below 108,000
$BTC #BTC
1. Support Level (108,000 zone)
This zone has been tested multiple times with strong wicks bouncing off.
Indicates a strong support area — buyers are defending this level.
2. Price Structure
We see lower highs and lower lows, showing a bearish structure.
But now, price is consolidating (tight candles, low volatility).
It may be forming a base for reversal.
3. Entry Strategy (Long Trade)
Long setup is placed just above current support.
You’re likely betting on a bounce back toward 109,000–109,400.
4. Risk/Reward Ratio
Stop Loss: ~107,736
Entry: ~108,822
Target: ~109,100–109,400
Risk-to-Reward (R:R): Around 1:2.5 — a solid setup.
📈 Prediction: What May Happen Next
🟢 Bullish Scenario (Probability: 60%)
Price bounces off the 108,000 support
Breaks above 108,900–109,100 resistance zone
Heads toward 109,400 or higher
Supported by the accumulation zone and previous rejection wicks
🔴 Bearish Scenario (Probability: 40%)
Price breaks and closes below 108,000
Hits SL at 107,736
Then targets 107,400–107,200 support area
🧭 Suggested Actions
Action Level Comment
Buy/Long Entry ~108,820 Already near execution zone
Stop Loss ~107,736 Below strong support, good placement
Take Profit (TP1) ~109,100 Just under resistance
Take Profit (TP2) ~109,400 Next key resistance
✅ Summary
Bias: Bullish (as long as 108,000 holds)
Setup: Risk-managed long trade
Confirmation Needed: Bullish engulfing candle or strong green close
Avoid Entry: If 4H or 1D candle closes below 108,000
$BTC #BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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