#BTCRebound Bitcoin has successfully broken above the critical $85,000 psychological barrier and is now consolidating just above the breakout zone. The 1-hour chart clearly shows a strong bullish momentum supported by multiple higher lows and clean breakouts through key resistance zones.
Key Levels:
• Immediate Support: $84,800 – $84,500 zone (previous resistance turned support)
• Major Support: $83,000 zone
• Immediate Resistance: $85,400 (24h high)
• Next Major Resistance: $86,500 – $87,000 range
Current Price: $85,061
Trade Setup:
• Entry: On retest of $84,800 – $85,000 support zone
• Take Profit 1 (TP1): $85,800
• Take Profit 2 (TP2): $86,500
• Take Profit 3 (TP3): $87,000
• Stop Loss (SL): Below $84,400
Outlook:
BTC is showing strong bullish continuation with volume confirmation. As long as the price holds above the $84,500 zone, further upside towards $87,000 remains highly likely. A clean retest and bounce from $84,800 would be an ideal long entry. Manage your risk carefully as volatility near ATH zones can cause sudden wicks.
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#SECGuidance #BTCRebound #VoteToListOnBinance #MarketRebound #TariffsPause