Apr 20Market had a strong uptrend → now in a pullback / consolidation
Price is near resistance (75.5K – 76K)
Entry: Only after breakout above 76,000
TP: 76,500 → 77,200 → 78,000
SL: 74,800
No breakout = possible drop
Wait for confirmation before entering
Apr 18Technical Analysis: BTC/USD 1H
Current State: Price is currently in a Bullish Pullback. After hitting a massive peak near $78,400, Bitcoin is cooling off.
The Structure: We are currently testing the $75,800 zone, which acted as a previous resistance-turned-support. This is a classic "Buy the Dip" location for a Macro Trend Continuation.
Apr 18Current State: Price is currently in a Bullish Pullback. After hitting a massive peak near $78,400, Bitcoin is cooling off.
The Structure: We are currently testing the $75,800 zone, which acted as a previous resistance-turned-support. This is a classic "Buy the Dip" location for a Macro Trend Continuation.
Apr 18The chart shows a strong Bullish Rejection from the $77,080$ support zone. We are seeing a "V-shape" recovery attempt, with price currently pushing back toward the recent consolidation highs.
Given the aggressive green candles appearing , the momentum is currently shifting in favor of the buyers.
Direction: BUY (Long)
Entry Price: Current Market Price (~$77,218$)
Take Profit (TP): $77,450$ * Reasoning: This is the previous "Double Top" area where sellers stepped in earlier on your chart.
Stop Loss (SL): $77,040$
Reasoning: This sits just below the recent swing low. If price drops back here, the bullish recovery is invalidated
Apr 17Timeframe: Daily ($1D$)
Trend: The market is currently in a Bullish Recovery Phase. After a deep correction from the $5,400$ highs down to the $4,400$ support zone in March, Gold has surged nearly 19%.
Current Price Action: Price is "drifting" and consolidating. It is currently testing a major Supply Zone between $4,855$ and $4,910$.
