(BTC/USD) on the 1-hour timeframe.🚀🚀
$BTC
This chart presents a long trade setup for Bitcoin (BTC/USD) on the 1-hour timeframe. Here’s a professional breakdown of the analysis:
Trade Idea: Long Position
Entry Zone: Around $82,000
Stop Loss: $77,400 (Red zone)
Take Profit: $95,000 (Blue zone)
Technical Analysis: BTC appears to have found support at a key demand zone (highlighted in red), with strong rejection and buying interest. The setup suggests a potential bullish reversal, targeting a move toward $95,000.
Risk-Reward Ratio: Favorable, with an upside move significantly outweighing the downside risk.