This setup assumes you are looking for a "Buy the Dip" entry as the price approaches previous support.
Entry Zone $70.00 – $73.50 Re-testing the "24h Low" and psychological support. Take Profit 1 $81.50 Near the recent local consolidation peak. Take Profit 2 $89.00 Major resistance area before the recent high. Stop Loss $66.50 Below $BTC $BNB #MarketRebound #StrategyBTCPurchase #BTCVSGOLD #USJobsData #BinanceHODLerBREV
Technical Setup Current Price: $644.48. Recent High: $800.87 (Your chart shows this as the top of the parabolic move). 24h Range: High of $718.87 and Low of $624.04. Trend Indicator: The price has dropped below the EMA(15) which is currently at $680.72, signaling a short-term bearish correction in a larger bullish trend.
📉 The "Buy the Dip" (Long)
This setup assumes the current pullback to the $620–$640 zone is a healthy correction before further gains.
Entry: Current levels ($640 - $645) or wait for a second touch of the 24h low at $624.00. Take Profit 1: $715.00 (Recent 24h high and major psychological barrier). Take Profit 2: $800.00 (Retest of the local peak shown on your chart). Stop Loss: $610.00 (Just below the previous major breakout level and recent all-time high zone). $PEPE $TRUMP #MarketRebound #BinanceHODLerBREV #WriteToEarnUpgrade #BTCVSGOLD #BTCVSGOLD
$BTC (Og Queen 5 year experiance Strategey for bitcoin)
BTC/USDT Weekly Analysis: Long-Term Market Outlook
Based on the weekly chart provided, here is the detailed breakdown of Bitcoin's current market structure:
1. Current Price Action
Current Value: Bitcoin is trading at approximately $94,947.70.
Recent Peak: The price recently hit a historical high of $126,208.50 before facing a downward correction.
Moving Average: The EMA(15) is currently at $96,218.59, acting as a short-term resistance level since the price is trading below it.
2. Trend Lines & Support Levels
Diagonal Support: The upward-sloping orange line indicates a long-term Bullish Trend that has been intact since 2023.
Primary Support ($73k - $75k): This horizontal line marks a crucial area where the price previously peaked; it is expected to act as a strong floor if the price continues to drop.
Secondary Support ($51,430): A deeper psychological support level identified on the chart.
Floor Support ($24,461): The lowest orange line representing long-term historical support.
3. Strategic Forecast
The Bounce Scenario: If the price respects the diagonal trendline, it could trigger a reversal back toward $105,000 and eventually retest the $126,000 high.
The Correction Scenario: A break below the diagonal trendline would likely lead to a "cooling off" period, with the price seeking liquidity around the $73,000 support zone.
Volume Observation: Trading volume is currently showing a decrease, suggesting that the recent selling momentum may be exhausting, though a strong buyer entry is still awaited. $BTC $BTC #BTC100kNext?
The price is currently consolidating after a sharp drop. This setup relies on the price respecting the floor (Support) and the ceiling (Resistance) you identified.
1. The Key Levels
Resistance (Sell Zone): ~$95,800 (The top orange line).
Support (Buy Zone): ~$94,200 (The bottom orange line).