BTC/USDT Smart Trading Blueprint: Trend Analysis, Key Levels
2025-02-08
Category: None

The chart presented is a 1-day timeframe BTC/USDT trading setup that includes multiple confluences such as Fibonacci retracement levels, support and resistance zones, liquidity grabs, volume markers, and trend indicators like EMAs. This provides a comprehensive view of Bitcoin’s market structure, helping traders make informed decisions.

Trend Analysis

Overall Trend: Bitcoin has been in an uptrend, with a strong push higher over the last several months. However, we are seeing signs of exhaustion, with price struggling to break new highs.
Moving Averages:
The price is currently testing the 50 EMA (blue line), which has acted as dynamic support in previous pullbacks.
The 200 EMA (white line) remains below price, indicating a long-term bullish bias.
Liquidity Grabs: There are multiple liquidity grab markers on the chart, indicating areas where institutional traders may have engineered stop hunts before moving in their desired direction.

Key Support & Resistance Levels

Major Resistance: $106,650 🔴
This is the key resistance zone where sellers are expected to step in aggressively.
Key Support Levels:
$91,103 (Green) – The most immediate support level.
$83,750 – Below that, this level could provide a stronger reaction.
Fibonacci Retracement Levels:
0.382 ($80,811.3) – A key retracement zone where buyers may show interest.
0.5 ($73,436.8) – A psychological level where larger positions may accumulate.
0.618 ($66,755.3) – Often considered a golden ratio retracement level.
0.786 ($58,235.4) – A deep retracement, often signaling the end of a pullback.

Conclusion & Final Thoughts

Bitcoin is currently in a decision zone, testing a key support area around $91,000. A break below this level could confirm a trend reversal, while a strong bounce would reinforce bullish continuation.
The best trade approach is to wait for confirmation, either a bullish bounce for a long entry or a clear breakdown for a short.
Key Takeaway: Bulls need to defend $90,000; otherwise, we may see a retracement towards lower Fibonacci levels.