Market Update & Trade Setup – BTCUSDT $BTC $BTC Bitcoin has recently formed a strong bullish reversal pattern on the daily chart – an Inverse W structure, signaling a potential trend change. Price action is breaking above a key resistance zone near $91,000, and with healthy consolidation, it’s setting up for a powerful move to the upside.
With global markets stabilizing and crypto sentiment recovering, we see this as a high-probability setup for a mid-term swing trade. Key resistance levels are mapped out, offering strong reward potential if the breakout sustains.
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BTCUSDT Swing Trade Signal – Spot/Futures
Entry (Buy Zone):
> $91,000 – $92,000
Stop Loss:
> $83,500 (Hard SL)
Take Profits (TP):
> TP1: $100,000 TP2: $106,000 TP3: $118,000 – Final Target
Trade Type:
> Swing / Mid-Term (1–6 weeks)
Pattern:
> Inverse W Formation (Reversal Structure Confirmed)
Risk/Reward Ratio:
> Approx. 1:4.5 (High Reward Setup)
Remarks:
> Breakout confirmation needed above $92K with volume. Manage your risk and take partial profits at each target. $BTC
> Feeling motivated today! After staying patient and watching the charts carefully, I finally entered a clean long on $TRUMP/USDT around $8.01 — and it paid off! Already locked in some profits and planning the next move as price starts pushing toward resistance.
Trading is not just about wins, it's about staying disciplined, managing risk, and learning from every move.
Short-term Trend (15m-1h): Slightly bullish as price has been moving above $0.29000. Recent upward momentum of +3.28% signals short-term buying interest.
Medium-term Trend (4h-1D): Neutral to bearish with a -5.2% drop on the 1D chart. There’s some resistance around the $0.310 level, which needs to be broken to confirm a continuation of the upward trend.
Momentum Indicators:
Relative Strength Index (RSI): Neutral at around 55-60. This indicates the market is neither overbought nor oversold, but potential for bullish continuation if momentum picks up.
Moving Averages: The price is currently hovering around the 50-period moving average on the 1-hour chart, suggesting neutral momentum, with a slight upward bias.
Trade Signals:
1. Buy Signal:
Entry: $0.29000 (after a pullback or consolidation near this level)
Target Levels:
First Target: $0.31000 (near the 24h high, strong resistance level)
Second Target: $0.32000 (psychological resistance level)
Third Target: $0.33000 (next resistance level for possible extension)
Stop Loss: $0.28000 (below recent low to minimize risk)
2. Sell Signal (Bearish scenario):
Entry: $0.29500 (if the price starts to reverse below the current level)
Target Levels:
First Target: $0.28000 (support level)
Second Target: $0.27000 (next potential support zone)
Stop Loss: $0.31000 (above recent resistance)
Momentum Overview:
The market has been seeing some bullish momentum over the short term with a +3.28% increase. However, there’s potential resistance at $0.31105. If the price breaks above this level, we could see further upward momentum, targeting $0.32000 and $0.33000.