Hi traders! Analyzing BTC/USD on the 1H timeframe, price is moving within a rising channel and finding support at key EMA levels.
🔹 Entry: 94,115
🔹 TP: 96,005
🔹 SL: 92,225
BTC is holding above the 100 EMA and respecting the lower boundary of the ascending channel. As long as price stays above 93,300, the bullish structure remains intact, pointing towards a potential move to the 96,000 area.
Volume remains stable, and the trend detector continues to signal a bullish bias. A break and close above 94,400 would strengthen the bullish momentum!
Watching closely for a confirmation of strength!
⚠️ DISCLAIMER: This is not financial advice. Every trader must evaluate their own risk and strategy.
🔹 Entry: 94,115
🔹 TP: 96,005
🔹 SL: 92,225
BTC is holding above the 100 EMA and respecting the lower boundary of the ascending channel. As long as price stays above 93,300, the bullish structure remains intact, pointing towards a potential move to the 96,000 area.
Volume remains stable, and the trend detector continues to signal a bullish bias. A break and close above 94,400 would strengthen the bullish momentum!
Watching closely for a confirmation of strength!
⚠️ DISCLAIMER: This is not financial advice. Every trader must evaluate their own risk and strategy.
Trade closed: target reached
🔥Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.