๐ง BTC/USD Detailed Analysis โ 29 May 2025
๐ Multi Time Frame Analysis:
๐
Daily Time Frame:
Trend: Uptrend
Current Price: ~$108,850
Price Action:
Bitcoin is consolidating near its recent All-Time High (ATH).
The latest correction has retested the 4-Hour Demand Zone (DZ).
Structure still holds bullish momentum if demand zones are respected.
โณ 4-Hour Time Frame:
Trend: Bullish
Key Levels:
4H Demand Zone (DZ): ~$106,900 to ~$107,800 โ recently tested and held.
4H Supply Zone (SZ): ~$110,000 โ rejection area.
Price Behavior:
Multiple touches to DZ indicate strong buying interest.
Supply zone at the top has capped further upward moves for now.
โฑ 1-Hour Time Frame:
Trend: Reversing to bullish
Observation:
Price attempted to form higher lows from the demand zone.
Signs of bullish recovery post re-entry into the DZ.
๐ฏ Current Market Status:
Price consolidating near ATH.
Demand zone ($106.9K) worked perfectly as support.
Bulls are trying to regain control.
๐ฎ Possible Scenarios:
Bullish Case:
Price sustains above $108K โ retest of $110K+
Breakout may lead to new ATH.
Bearish Case:
Failure at resistance could lead to pullback toward $104K / $102.4K, where pending buy orders are placed.
๐ Trade Plan:
โ
Buy Setup:
Only at strong Demand Zones (confirmed by price reaction)
Next Buy Zones:
$106,900 (already tapped)
$104,000
$102,400
โ Sell Setup:
Only at Supply Zones like ~$110K
Avoid mid-range trading
๐ Rules for Execution:
Strictly follow Stop Loss
Maintain proper Risk:Reward (min 1:2)
Wait for confirmation candles (e.g., engulfing, pin bar)
Trade only within zones, not in the middle
No emotions โ plan the trade, trade the plan
