BTC/USD Technical Analysis and Trade Idea
During the recent rally, Bitcoin (BTC) displayed significant bullish momentum. In our video analysis, we delve into a potential buy opportunity, provided that price action aligns with our entry criteria. We look closely at the 1H chart:
1: Market Structure Breakout: The previous bearish trend has been disrupted by a bullish breakout in market structure.
2: Long Bias: While my bias leans toward a long position, it remains contingent on price action developments retracing into my fibo zone as outlined in the video.
Please note that this content is for informational purposes only and does not constitute financial advice.
1: Market Structure Breakout: The previous bearish trend has been disrupted by a bullish breakout in market structure.
2: Long Bias: While my bias leans toward a long position, it remains contingent on price action developments retracing into my fibo zone as outlined in the video.
Please note that this content is for informational purposes only and does not constitute financial advice.
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