Hey Binance Square fam! 🚀 Let’s dive into a friendly and detailed breakdown of Bitcoin’s current setup on the H1 timeframe — focusing on that potential bounce off an overlap support. Stick around for chart insights, trade ideas, and your Binance Square edge! 🌟
On the 1-hour chart, BTC/USD is sliding toward a key overlap support zone — this means a confluence of past support and resistance areas that psychologically attract buyers 📌.
Analyst observations like a supply/demand zone interaction and dynamic indicators (e.g., EMA‑70, trendlines) highlight this zone as a likely bounce point .
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📚 Drawing Insights from the Charts
1. **Overlap Support ≈ Entry Zone:**
BTC is approaching the overlap region where previous resistance turned support — this area has a history of triggering bullish bounces .
2. **EMA‑70 & Trendline Confluence:**
The EMA‑70 is hovering within the same region (~106.5–104.8k). If the price respects this zone with a bullish candle pattern, it's a green flag for a bounce .
3. Possible Scenarios:
Bullish Bounce → Price could reclaim the EMA‑70 and rise toward 106k–106.8k, eventually testing higher resistance around 107k–107.5k.
Breakdown → A clean break below overlap support could open a move lower to 100.75k–101.15k, a fresh demand zone to the downside .
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🧭 Binance Square Trade Plan
Here’s your friendly step-by-step strategy:
1. Wait for Confirmation
Let a 1‑hour candle close off the overlap support. Watch for wicks or bullish bodies — ideally a hammer, bullish engulfing, or clear rejection candlestick.
2. Entry & Stop
Long Entry: On confirmation (bounce candle close).
Stop-Loss: Just below the low wick of the bounce candle or zone (~overlap support slightly lower).
3. Targets 🎯
TP1 (conservative): Bounce to EMA‑70 ~106k–106.5k.
TP2 (aggressive): Push above to the next supply/resistance zone (~106.8k–107.5k).
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✅ Risk Management & Tips
Define your risk clearly — never trade without knowing your stop-loss distance.
Mind the volume — a bounce with low volume is weak; strong volume supports a sustainable reversal.
Stay alert — any major news or macro swings could impact the move.
Combine signals — overlap support is strong, but confirmation with RSI or MACD adds confidence.
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✍️ What the Pros Say
Analysts on TradingView highlight the blend of EMA resistance and supply zone around 106.5–106.8k. They note:
**“Confirmation Needed: Bearish candle or rejection wick”** if shorting; for longs, the reverse applies .
And the risk/reward setup favors a bounce — stops just above or below, targets near 100.75k or bounce zone .
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📌 Summary Table
Scenario Entry Signal Stop-Loss Target Range
📈 Bullish Bounce Bounce candle off support Below zone low 106k → 106.8–107.5k
📉 Bearish Breakdown Break down & close below zone Above the zone 100.75k → 101.15k
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💡 Final Thoughts
Bitcoin is lining up at a multi-faceted support zone on the H1 chart — overlapping horizontal price levels, EMA resistance, and trendline structure. This makes it an attractive setup for both a bounce or, if it breaks, a sharp retrace.
So, Binance Square fam — watch for that quick bounce candle to enter, manage your risk tightly, and aim for smart targets. Stay informed, trade confidently, and keep that crypto momentum rising! 🌟