🔍 BTC Analysis – Bullish Bat Pattern

1. Overview of the Pattern:

BTC is forming a Harmonic Bullish Bat pattern on the H1/H4 timeframe.

The completion area of the pattern is around $106,000 – this is a potential buying zone.

Additionally, if the price breaks the downward trendline with strong buying volume, it will also confirm a bullish signal.

Proposed Trading Scenario for Everyone

Buy Limit at the area of $106,000

Entry: $106,000

Stop Loss: $104,800 (below the D zone of the Bat pattern)

Target 1: $109,000

Target 2: $111,000

Reason: This is the D zone completing the Bullish Bat pattern – high probability of a bounce.

Important Note:

Safe strategy: Wait for a drop to $106,000 (according to the Bat pattern).

Do not recommend fomo buying in the range of 107,000 – 108,000 when the direction is unclear.