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BTC/USD at Critical Juncture: Breakout or Breakdown? Key Levels🧐
$BTC
This BTC/USD 1-hour chart highlights a critical range-bound zone with potential breakout and breakdown scenarios. The price is currently consolidating within a defined range, and a move outside this zone could dictate the next direction.
Breakout Targets:
Target 1: $79,500
Target 2: $80,500
Watch the Reversal Zone for potential resistance.
Breakdown Targets:
Target 1: $82,500
Target 2: $81,500
Below this level, watch for buying interest in the Demand Zone.
Key elements:
Trend Line support has guided the recent bullish move.
Decision point approaching; monitor for a confirmed breakout or breakdown.
Ideal for short-term traders seeking high-probability setups based on price action and support/resistance levels.
Stay alert for volume spikes or news catalysts that could trigger a move beyond the range.
Note: This is not a trading signal, just my personal analysis based on current market trends.
I don't know why but there is always something that inspires us to sell at the bottom and buy at the top. Why is this?
Do not sell anything. Do HOLD now and hold easily and patiently because very soon we are going up.
If you are feeling anxious or panicky or just shaky in whatever way, feel free to disregard this feeling because this tends to happen when the market shakes.
Here we have the OTHERS index chart. Notice how trading volume continues to move lower; how the current daily action is sideways; and how today compared to the 3-Feb. low we have a higher low. This is all you need to know.
Bullish volume is also dominant; bearish volume is very low.
This all means that the bottom is already in. We are at the bottom, close to the bottom and this only means one thing; Once the bottom is hit we can only go up.
The worst time to sell is now. The time is now to either buy or hold!
What are you doing today my dear friend? I am buying Cryptocurrencies at a discount. This is awesome.