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#Recent Market Analysis
Bitcoin (BTC/USDT) 4H Chart Analysis
Trend Analysis:
The price is in an uptrend, forming higher highs and higher lows.
A demand zone (blue) around $86,800 - $87,500 is acting as support.
Resistance is seen around $91,000 - $93,000 (highlighted in red).
The price recently pulled back to the demand zone and is bouncing, indicating potential bullish momentum.
Entry & Trade Setup:
Buy Entry: Around $87,000 - $87,500 (if price retests this zone).
Stop Loss (SL): Below $86,500 (below the demand zone).
Take Profit (TP):
TP1: $89,500 (minor resistance).
TP2: $91,000 - $92,000 (major resistance zone).
Sell Entry: If price rejects $91,000 - $93,000 with bearish confirmation.
SL: Above $93,500.
TP: Back to $87,500 - $88,000.