š Chart Breakdown: BTC/USD (1H Timeframe)
As of July 21, 2025
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1. Support Zone Identified (117,172 ā 117,307)
The blue shaded box near the bottom of the range marks a strong demand/support zone.
Price action has tested this area multiple times and bounced, indicating buyers are stepping in.
The recent wick rejections in this zone suggest it's a key level to watch for potential reversals.
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2. Entry Area (Near 117,359)
Current price sits around 117,359, just above the support.
The horizontal trend line indicates a possible early long entry as price respects this level.
It's a low-risk entry point because the stop loss can be placed just below the support box.
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3. Bullish Structure Anticipated
The drawn path shows an expected bullish breakout, with price climbing after retesting the support.
This implies a "breakāretestācontinue" pattern ā price pushes up, retests support or broken resistance, then continues higher.
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4. First Take Profit (TP1 at ~119,389)
The first target zone is marked as TP1.
This coincides with a previous resistance level, making it a logical area for partial profits or full exit if trading conservatively.
It's also the mid-point of the projected range, providing a 1:1 to 1:2 risk-to-reward ratio, depending on entry.
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5. Final Target Area (120,863 ā 120,893)
The green zone above TP1 is the major resistance zone, where price may slow or reverse.
This area also aligns with the upper boundary of the previous sideways consolidation.
If bullish momentum is strong and TP1 is broken with volume, this zone becomes the final destination for the move.
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6. Stop-Loss Placement
A smart SL (stop-loss) would be set just below the support zone, around 115,739 ā 115,686.
This keeps downside limited and avoids being stopped out by noise, while preserving a solid R:R (risk-to-reward) structure.
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7. Indicators Used (Likely Ichimoku or Trend Bands)
The red and green lines on the chart resemble Kijun-Sen / Tenkan-Sen or dynamic S/R levels like trend-following bands.
These are providing visual dynamic resistance and support, further confirming the horizontal zones.
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