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Bitcoin Short-Term Analysis: Demand Zone Rebound to \$103,400
Timeframe: 1-Hour (BTC/USDT)
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Overview
Bitcoin is showing a potential bullish setup in the short term, trading around \$100,171. The price is hovering near a critical demand zone, with a possible path toward the \$103,400 resistance level.
Key Levels:
- **Demand Zone (Support):** \$97,000–\$98,000
- **Target Price (Resistance):** \$103,400
- **Current Price:** \$100,171
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Projected Price Action:
1. Correction: A short-term pullback into the **demand zone** (\$97,000–\$98,000) could create a higher low, offering an entry opportunity for buyers.
2. Rebound: A strong rebound is expected from the demand zone as buyers step in.
3. Target:Price is projected to climb toward the **\$103,400** resistance level.
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Trading Plan:
- Entry Zone: Accumulate near the \$97,000–\$98,000 demand zone.
- Target: Exit or take profits near \$103,400.
- Stop-Loss: Below \$96,500 to manage risk in case of a breakdown.
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Considerations:
- Watch for confirmation of bullish momentum around the demand zone before entering.
- Monitor trading volume: a significant uptick in volume could validate the rebound.
- If the price fails to hold the demand zone, it may invalidate the setup, leading to further downside risks.
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Disclaimer: This is not financial advice. Trade at your own risk and perform your own analysis before entering any positions.
Timeframe: 1-Hour (BTC/USDT)
---
Overview
Bitcoin is showing a potential bullish setup in the short term, trading around \$100,171. The price is hovering near a critical demand zone, with a possible path toward the \$103,400 resistance level.
Key Levels:
- **Demand Zone (Support):** \$97,000–\$98,000
- **Target Price (Resistance):** \$103,400
- **Current Price:** \$100,171
---
Projected Price Action:
1. Correction: A short-term pullback into the **demand zone** (\$97,000–\$98,000) could create a higher low, offering an entry opportunity for buyers.
2. Rebound: A strong rebound is expected from the demand zone as buyers step in.
3. Target:Price is projected to climb toward the **\$103,400** resistance level.
---
Trading Plan:
- Entry Zone: Accumulate near the \$97,000–\$98,000 demand zone.
- Target: Exit or take profits near \$103,400.
- Stop-Loss: Below \$96,500 to manage risk in case of a breakdown.
---
Considerations:
- Watch for confirmation of bullish momentum around the demand zone before entering.
- Monitor trading volume: a significant uptick in volume could validate the rebound.
- If the price fails to hold the demand zone, it may invalidate the setup, leading to further downside risks.
---
Disclaimer: This is not financial advice. Trade at your own risk and perform your own analysis before entering any positions.
Transakcja zamknięta: osiągnięto wyznaczony cel
TP DONE in two days guys i hope you take your profit here
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