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BTC/USDT
1. Trend Analysis:
The main trend is upward (bullish structure) because:
There was a Break of Structure (BoS) to the upside.
You can see a strong rally previously and a healthy pullback.
However, there was also an internal Change of Character (I-ChoCH) indicating some short-term bearishness, but price respected the 0.236 Fibonacci retracement and bounced up again.
The price is currently challenging the Area of Interest (red zone near 95,000), which is a previous supply zone. This could act as resistance.
2. Entry Strategy:
Safer Entry: After a confirmed breakout and retest of the 95,000 level (Area of Interest) — Wait for a candle close above it on 4H.
Aggressive Entry: You could already consider a long from current price (94,800 zone) targeting continuation upwards, because price rejected the lower zone strongly.
3. Take Profit (TP) and Stop Loss (SL):
4. Summary:
Trend: Bullish
Entry Options:
Safer: Break and retest 95,000
Aggressive: Now (94,800 zone)
Target: 95,500–96,000
Stop Loss: 94,200–94,400 depending on