Bitcoin has broken above the recent resistance zone and is now pulling back for a potential retest.
The structure remains bullish on the 30-minute timeframe, with higher highs and higher lows forming consistently.
My Plan:
Waiting for price to tap the retest/demand zone around $91,300 – $92,200
Looking for bullish confirmation (rejection wick / bullish engulfing / BOS)
Long entry on confirmation
Stop-loss: Below the demand zone near $89,000
Targets:
TP1: $95,000
TP2: $98,200 (major supply zone)
Reasoning:
Strong bullish momentum leading into the breakout
Clean inefficiency below that price may fill before continuation
Higher timeframe structure also supports upside targets
Risk-reward is favorable as long as price respects demand zone
Invalidation:
If BTC breaks below the demand zone with strong bearish candles, the long idea becomes invalid.
The structure remains bullish on the 30-minute timeframe, with higher highs and higher lows forming consistently.
My Plan:
Waiting for price to tap the retest/demand zone around $91,300 – $92,200
Looking for bullish confirmation (rejection wick / bullish engulfing / BOS)
Long entry on confirmation
Stop-loss: Below the demand zone near $89,000
Targets:
TP1: $95,000
TP2: $98,200 (major supply zone)
Reasoning:
Strong bullish momentum leading into the breakout
Clean inefficiency below that price may fill before continuation
Higher timeframe structure also supports upside targets
Risk-reward is favorable as long as price respects demand zone
Invalidation:
If BTC breaks below the demand zone with strong bearish candles, the long idea becomes invalid.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.