Bitcoin (BTCUSD) Analysis – 2H Timeframe

23 Mar

Bitcoin (BTCUSD) Analysis – 2H Timeframe

1. Market Structure & Current Position
Bitcoin has been ranging after a sharp drop from 97,000 to 83,000.

It recently attempted a recovery but is struggling around the 84,300-84,800 zone.

Consolidation structure suggests accumulation or distribution before a significant move.

The previous high around 97,000 is still a major point of interest.

2. Key Technical Levels
Resistance Levels:

85,800 – 86,300 (Short-term resistance)

88,900 – 89,300 (Gann level + liquidity zone)

97,000 – 97,500 (Key swing high)

Support Levels:

83,000 (Current support)

81,800 – 82,000 (Strong demand area)

77,300 (Deep retracement Gann support)

3. Probable Scenarios & Probability %
➡️ Bullish Scenario (60%)

If BTC breaks above 85,800, it could push towards 88,900 (liquidity grab level).

A breakout above 89,300 confirms a rally towards 97,000 (previous swing high).

Elliott Wave suggests this could be Wave 3 of a bullish impulse, targeting higher Fibonacci extensions.

➡️ Bearish Scenario (40%)

If BTC fails to hold above 83,000, a drop to 81,800 – 82,000 is likely.

Breaking 81,800 opens the door to 77,300 (Gann retracement level)

A failure here suggests deeper correction or accumulation for a larger move later.

4. Conclusion & Trading Strategy
📌 Bias: Bullish above 85,800, cautious below 83,000.

📌 Entry Points:

Aggressive Buy: Above 85,800 if momentum confirms.

Safer Buy: Retest of 83,000 with strong bullish reaction.

📌 Risk Management:

Stop Loss: Below 81,800 for buys.

Take Profit: 88,900 → 89,300 → 97,000.

24 Mar

İşlem kapandı: hedefe ulaştı

the buy active with 4000 points .