Bitcoin: Key Levels and Trading Strategy
2025-01-31
Category: None

1. Most Relevant Timeframe for Entry 
	•	12H and 4H are often a good compromise:
	•	On 4H, ISPD is not yet in the extreme zone (Histogram ~0.75, Satisfaction ~0.53–0.54). Potential pullbacks toward the 103–101k zone could be opportunities.
	•	On 12H, the trend remains clear and bullish, but “Investor Satisfaction” is reaching a high level. A trader might prefer to wait for a pullback to enter at a better price.

 2. Key Support Levels 
	•	Short-term (2H–4H): 103.5k (MTFTI Short MA) then 101–102k (AVWAP Low cluster).
	•	Medium-term (1D): 98–99k (short daily MA).
	•	Major support: 77–78k in case of a significant correction (AVWAP Low 1D).

 3. Key Resistance Levels 
	•	104.9–105k: First step (4H/2H).
	•	106–106.6k: Key pivot (AVWAP High daily/12H).
	•	109–110k: Psychological threshold, strong liquidity cluster. A decisive breakout could push BTC toward 112–115k, or even higher.

 4. Strategy 
 Buyers :
	•	On pullback (intraday retracement) towards 103–101k or on a confirmed breakout above 106k, targeting 109–110k.
	•	However, be cautious of overbought conditions on daily/12H (ISPD Div Pro >0.9). A tight or partial stop is advised if BTC drops back below 100–101k.

 Sellers / Profit-taking: 
	•	Gradual profit-taking around 106–109k, given multiple confluences (liquidity cluster, upper Bollinger band, etc.).
	•	Long-term traders should monitor ISPD Div Pro closely (~0.97 = critical selling zone).

 General Conclusion 

Technical indicators across multiple timeframes (2H, 4H, 12H, 1D) align with a bullish bias:
	•	Short/mid-term target: 106k → 109–110k.
	•	Possible pullback (~100–102k running flat) before breaking above resistance.
	•	Macro dynamics (US pro-BTC stance, global tensions) favor Bitcoin’s trend.
	•	Main risk: Europe remains hesitant, and ISPD Div Pro (daily/12H) signals potential short-term overheating. Avoid FOMO near 106–110k and watch for a potential pullback for a safer entry.

 Practical Approach for a Prudent Trader 
	•	Partial entry on retracement toward 103–101k (4H).
	•	Add to position if BTC breaks and closes above ~106k (4H/12H close preferred).
	•	Primary target: 109–110k, with partial profit-taking possible.
	•	Further upside: Extension to 112–115k if bullish momentum continues with macro support.

 Final Thoughts 

The overall trend remains bullish, but BTC is nearing a significant resistance zone. It’s crucial to stay cautious of excessive buying pressure (ISPD Div Pro in high zone) while keeping an eye on potential continuation toward new local highs.