BTCUSD TECHNICAL ANALYSIS NEXT MOVE POSSIBLE

This chart represents a bullish breakout setup for Bitcoin (BTC/USD) on the 1-hour timeframe.

Key Observations:

1. Downtrend Breakout Attempt:

The black trendline indicates a previous downtrend.

Price is attempting to break above this trendline, signaling a potential trend reversal or short-term bullish move.



2. Entry & Target:

The green zone suggests a long (buy) position with an entry around 88,980.

The target is around 94,311, indicating an expected move toward previous resistance.



3. Stop-Loss Placement:

The red zone (86,841) is the stop-loss level, meaning the trade would be invalidated if BTC falls below this point.




Possible Trade Idea:

Buy if BTC confirms a breakout above the trendline.

Stop-loss below 86,841 to manage risk.

Target 94,311 for potential upside profit.


Are you already in this trade, or waiting for confirmation?