Bitcoin (BTC/USDT) Gann Levels
2025-01-18
Category: None

#### **Overview:**
This hourly chart for **BTC/USDT** (Binance) integrates Gann square levels and grid lines, highlighting significant price zones and cyclical market behavior. Gann levels provide critical insights into potential support, resistance, and trend continuation points.

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### **Key Observations:**

#### **1. Price Levels:**
The chart showcases several key Gann levels, with **450° = 104,819.619073 USDT** as the current price proximity level.

- **0° = 92,269.275814 USDT**: Foundational support zone and cycle reset level.
- **90° = 95,331.861629 USDT**: Key short-term support.
- **180° = 98,444.447444 USDT**: Next strong support if bearish momentum continues.
- **360° = 101,607.033258 USDT**: First upward target in a bullish scenario.
- **450° = 104,819.619073 USDT**: Current level of consolidation and resistance.
- **540° = 108,082.204888 USDT**: Resistance zone for extended bullish movement.
- **720° = 114,757.376517 USDT**: High target in a long-term bullish rally.

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#### **2. Price Action:**
- **Current Price:** 104,884.46 USDT (-0.90% for the session).
- The price has broken through multiple lower degrees (e.g., 90° and 360°) and is now consolidating around the **450° level**.

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### **Time Cycle Analysis:**
- The Gann grid visually represents time cycles that may align with market turning points.
- **Key Event:** A significant time marker appears near **27–28 Jan 2025**, marked by the star. This could indicate a critical reversal or breakout zone.

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### **Scenarios to Watch:**

#### **Bullish Scenario:**
- **Trigger:** Sustained breakout above **450° (104,819.619073 USDT)**.
- **Targets:**
  - **540° = 108,082.204888 USDT**
  - **630° = 111,394.790702 USDT**
  - Long-term target: **720° = 114,757.376517 USDT**

#### **Bearish Scenario:**
- **Trigger:** Rejection at **450° (104,819.619073 USDT)** and a drop below **360° (101,607.033258 USDT)**.
- **Targets:**
  - **First Support:** 270° = 98,444.447444 USDT
  - **Next Support:** 180° = 95,331.861629 USDT
  - Critical support: 90° = 92,269.275814 USDT

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### **Trade Plan:**

#### **Long Position Setup:**
- **Entry Trigger:** Breakout and close above **450° (104,819.619073 USDT)**.
- **Stop-loss:** Below **360° (101,607.033258 USDT)**.
- **Targets:**
  - **540° = 108,082.204888 USDT**
  - **720° = 114,757.376517 USDT**

#### **Short Position Setup:**
- **Entry Trigger:** Rejection at **450°** and confirmed breakdown below **360° (101,607.033258 USDT)**.
- **Stop-loss:** Above **450° (104,819.619073 USDT)**.
- **Targets:**
  - **270° = 98,444.447444 USDT**
  - **180° = 95,331.861629 USDT**

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### **Conclusion:**
The chart provides a clear structure for analyzing Bitcoin’s price movements using Gann levels. Pay attention to the 450° level for confirmation of the next directional move, and closely monitor the **time cycle near 27–28 Jan 2025** for possible trend shifts.
Wish you best of luck!