BTC USDT
2025-02-04
Category: None

Chart Insights:
Timeframe:

The chart appears to be on a 15-minute timeframe, showing intraday price movements.
Key Levels:

Resistance: ~$100,604 (red zone), which aligns with recent highs.
Support: ~$99,328, marked by the lower boundary of the green area.
Stop-Loss: Below $95,828, indicating the risk management strategy for this setup.
Price Action:

The green arrow suggests a bullish signal at the bottom, possibly due to demand or support holding at that level.
The red arrows highlight rejection candles near the $100,604 level, indicating selling pressure.
Trade Setup:

The trade appears to target a break above $100,604.
Risk-to-reward ratio is planned, with the stop-loss far below support to accommodate potential volatility.
Potential Scenarios:
Bullish Case:

If Bitcoin breaks and closes above $100,604 with strong volume, it could target $101,122 and beyond.
A higher low near $99,500 could confirm bullish strength.
Bearish Case:

Failure to break resistance may result in a retest of $99,328 or the lower support zones.