Trend Analysis Current Trend: Short-term bearish trend. Price broke structure to the downside (BOS), made a lower low around the 75.7k–76k area, and is now retracing upward.
Price Zone: Retracing into the golden pocket zone (0.5–0.618 Fibonacci), which often acts as a strong resistance during a downtrend.
Volume: Very high 24hr volume indicates active participation—could lead to volatility.
Entry, SL, and TP Setup (Short Trade Idea)
Entry (Sell): Around 81,500–82,000 USDT — aligns with the equilibrium & 0.5-0.618 retracement level.
Stop Loss (SL): Above the 0.786 level or recent high — ~83,500 USDT.
Take Profit (TP):
TP1: Revisit of the recent low — around 76,000 USDT.
TP2: Potential extension to 74,000 USDT if the bearish move continues. Key Zones Resistance: 81.5k–83k zone (where price is heading now) Support: 75.5k–76k zone (last demand zone)
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BTC/USDT
Trend Analysis
Current Trend: Short-term bearish trend. Price broke structure to the downside (BOS), made a lower low around the 75.7k–76k area, and is now retracing upward.
Price Zone: Retracing into the golden pocket zone (0.5–0.618 Fibonacci), which often acts as a strong resistance during a downtrend.
Volume: Very high 24hr volume indicates active participation—could lead to volatility.
Entry, SL, and TP Setup (Short Trade Idea)
Entry (Sell): Around 81,500–82,000 USDT — aligns with the equilibrium & 0.5-0.618 retracement level.
Stop Loss (SL): Above the 0.786 level or recent high — ~83,500 USDT.
Take Profit (TP):
TP1: Revisit of the recent low — around 76,000 USDT.
TP2: Potential extension to 74,000 USDT if the bearish move continues.
Key Zones
Resistance: 81.5k–83k zone (where price is heading now)
Support: 75.5k–76k zone (last demand zone)