$BTC Bitcoin (BTC) 30-Minute Chart Trade Setup

The BTC/USDT chart is highlighting key technical levels and harmonic patterns that provide actionable insights for traders. Here’s a detailed breakdown:

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Trend Analysis:

• Uptrend: Current support level at $83,275.9, with a trendline strength of 2.88 (Weak) and an angle of 31°. While the strength is weak, the steep angle reflects bullish momentum.

• Higher Timeframes: The trend on 50-200 bars shows a consistent uptrend with angles ranging from +17° to +24°, reinforcing a longer-term bullish outlook.

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Harmonic Patterns:

• Crab Pattern (Blue): This pattern completed at point D and aligns with potential reversal zones. A continuation upward suggests the pattern’s target has room for completion.

• Bearish ABCD (Red): Indicates a possible correction or rejection near the resistance zone. Monitor closely for bearish confirmations.

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Support & Resistance:

• Key Support: $83,275.9. A breakdown below this level could lead to a retest of lower support zones around $80,232.1.

• Key Resistance: $84,280.1. If BTC breaks above this, it may push toward higher targets near $86,000.

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Entry & Stop-Loss Levels:

• Long Setup: Entry near $83,500, targeting $86,000, with a stop-loss at $82,000.

• Short Setup: Entry near $84,280, targeting $81,946, with a stop-loss at $84,750.

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Conclusion:

• The BTC chart suggests bullish potential as the uptrend remains intact. However, the harmonic patterns indicate caution around resistance zones.

• Traders should wait for breakout confirmations or rejections at key levels to initiate trades, ensuring proper risk management.$BTC