BTC LONG SETUPBTC/USDT – 1H Long Setup Analysis
🔹 Current Price: 111,653 USDT (Bitget Perpetual)
🔹 Trend: After a sharp drop from recent highs, BTC is showing signs of forming a base with a possible rebound setup.
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Key Observations:
1. Support Zone:
• Strong support is visible around 110,744 – 110,747 USDT, marked by previous demand and horizontal structure.
• Below that, deeper support lies near 109,383 – 108,534 USDT.
2. Resistance Levels / Targets:
• TP1: ~115,078 – 115,980 USDT
• TP2: ~117,340 – 118,165 USDT
• Higher extension target: ~119,810 USDT
3. Trend Structure:
• Price broke a rising channel but has bounced back after a correction.
• Current pullback is retesting demand, indicating potential continuation to the upside if bulls defend the base.
4. Indicators:
• EMA 9 (blue) is currently under pressure, suggesting short-term weakness, but if reclaimed, momentum could shift bullish.
• Volume shows increased activity at recent lows, hinting at accumulation.
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Long Trade Plan (Swing Bias):
✅ Entry Zone: Between 111,000 – 111,700 USDT (current price zone, near support)
✅ Stop-Loss: Below 110,744 USDT (to avoid fakeouts)
✅ Take Profit Targets:
• TP1 → 115,078 – 115,980 USDT
• TP2 → 117,340 – 118,165 USDT
• Extended TP → 119,810 USDT
📊 Risk-Reward Ratio: Favorable (approx. 1:3+ if targeting TP2).
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Summary:
BTC is consolidating above a strong support base. If bulls hold the 111K–110.7K zone, upside targets remain valid towards 115K–118K. A break below 110.7K would invalidate this setup and could push price toward 109K or lower.
