๐ BTCUSD Trading Setup โ Key Buy Zones Identified! ๐
I'm watching Bitcoin (BTCUSD) closely on the 5-minute chart. After analyzing price action, Iโve marked 3 major demand zones where Iโll be looking to enter long positions based on bullish engulfing candles.
โ Buy Zones (Support Levels):
108,400 โ Minor support with a good reaction history (276 vol)
108,000 โ Medium-volume zone, clean order block (386 vol)
107,300 โ Strongest base zone with high volume (429 vol)
๐ต๏ธโโ๏ธ Iโll wait for confirmation in the form of a bullish engulfing pattern at any of these zones before entering.
๐ก Strategy: Scalping/Short-term swing trades with tight SL below the zone, TP near resistance (109,000+).
๐ Sharing this as part of my BTCUSD trade plan for today. Letโs see how price reacts!
๐ Chart: OANDA | 5min TF
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Date: 9th July 2025
#BTCWhaleMovement #Bitcoin #Binance #CryptoTrading. #writetoearn