2025-03-22 05:30:46

4-hour chart of Bitcoin (BTC/USDT) Here's an analysis of the trend, potential take profit (TP), and stop loss (SL):

Trend Analysis:
Current Price: $84,366.68

Recent Structure: The price made a higher high (HH) near 86,000 and then retraced to around 83,000, forming a potential higher low (HL).

Market Structure: The CHoCH (Change of Character) and BOS (Break of Structure) indicate a possible shift in trend.

Support & Resistance Zones:

Support Zone: Around 82,000 - 83,000 (Highlighted Blue Box)

Resistance Zone: Around 87,000 - 91,000 (Highlighted Red Box)

Trade Setup Suggestion:

Buy Entry:

If BTC holds above 83,000, it may continue the uptrend.

A break above 85,000 confirms bullish continuation.

Take Profit (TP) Targets:

1. Short-term TP: 85,500 - 86,000

2. Medium-term TP: 87,000 - 88,000

3. Long-term TP: 90,000 - 91,000

Stop Loss (SL) Levels:

Aggressive SL: Below 83,000

Conservative SL: Below 82,000 (break of structure

BTC-0,2%

NEAR-4,76%

BLUE-5,9%

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