Is BTCUSD Setting Up for a Reversal Bounce from Key Support?

vor 5 Tagen

Bitcoin has recently tested support and is now consolidating within a demand zone. The price action shows signs of a potential rebound, making this area interesting for swing traders looking for a short-term move to the upside.

Key Levels:

Buy Entry Point: 112,500
Stop Loss: 111,000
Take Profit: 114,500

Reasoning:
The 4H chart highlights support holding near the 112,500 level, supported by previous structure and rejection wicks. A bounce from this zone could drive momentum toward 114,500, the next resistance area. Stop loss is kept below support to limit downside exposure.

Disclaimer:
This analysis is for educational purposes only and not financial advice. Always manage risk and trade according to your own plan.

vor 5 Tagen

Trade ist aktiv

vor 5 Tagen

Anmerkung

The price of BTCUSD reached 113,500 from 112,500.

vor 4 Tagen

Trade wurde manuell geschlossen