Bitcoin is currently in a short-term uptrend, forming higher highs and higher lows on the 1-hour chart. The price is approaching a critical resistance area known as the Golden Zone.
📌 Key Levels to Watch:
0.382 Fib: $105,712
0.5 Fib: $106,590
Golden Zone (0.618–0.65 Fib):
$107,469 – $107,707
Support: $103,775 / $102,869
📝 Trade Idea:
🚀 Long Setup:
Above $105,712 targeting $106,590 and the Golden Zone ($107,469–$107,707)
🔻 Short Setup:
Look for bearish rejection signals within the Golden Zone to target back down toward $103,775 – $102,869
⚠️ Reminder:
Wait for confirmation signals (candlestick patterns, break and retest, or indicators alignment) before executing any trades. Stay disciplined!
📌 Key Levels to Watch:
0.382 Fib: $105,712
0.5 Fib: $106,590
Golden Zone (0.618–0.65 Fib):
$107,469 – $107,707
Support: $103,775 / $102,869
📝 Trade Idea:
🚀 Long Setup:
Above $105,712 targeting $106,590 and the Golden Zone ($107,469–$107,707)
🔻 Short Setup:
Look for bearish rejection signals within the Golden Zone to target back down toward $103,775 – $102,869
⚠️ Reminder:
Wait for confirmation signals (candlestick patterns, break and retest, or indicators alignment) before executing any trades. Stay disciplined!
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.