BTCUSD 1H Technical Analysis
Market Overview:
BTCUSD is currently trading within a key range, indicating potential for a breakout or reversal depending on price action around critical levels.
Key Levels:
Resistance: $94,800 - $95,500
Support: $91,500 - $92,000
Bullish Scenario:
A breakout above $95,500 could lead to upward targets at $97,000 and $98,500.
Bearish Scenario:
A breakdown below $91,500 might push the price towards $90,000 and $88,500.
Trading Strategy:
Long Entry: Above $95,500 with confirmation.
Short Entry: Below $91,500 with confirmation.
Always use stop-loss for proper risk management.
BTCUSD is currently trading within a key range, indicating potential for a breakout or reversal depending on price action around critical levels.
Key Levels:
Resistance: $94,800 - $95,500
Support: $91,500 - $92,000
Bullish Scenario:
A breakout above $95,500 could lead to upward targets at $97,000 and $98,500.
Bearish Scenario:
A breakdown below $91,500 might push the price towards $90,000 and $88,500.
Trading Strategy:
Long Entry: Above $95,500 with confirmation.
Short Entry: Below $91,500 with confirmation.
Always use stop-loss for proper risk management.
"Join our official Telegram channel to receive in-depth analysis and free trading signals.👇"
t.me/Trade_with_Olivia_Grace
t.me/Trade_with_Olivia_Grace
"Join our official Telegram channel to receive in-depth analysis and free trading signals.👇"
t.me/Trade_with_Olivia_Grace
t.me/Trade_with_Olivia_Grace
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.