BTC/USD – 1H Chart Analysis
Current Price: $82,076
Market Structure: Bearish with a potential retracement
Key Resistance Zone (Potential Short Entry):
$84,497 – $85,553 → Fibonacci golden zone (0.5 – 0.618)
$85,531 → Target for liquidity grab before further drop
Key Support Zones (Potential Take Profit Levels for Shorts):
$80,021 → Next major support
$79,059 → Critical demand zone
Bearish Scenario:
Price may retrace to the $84,497 – $85,553 zone before dropping further.
If it rejects strongly from this area, a move towards $80,021 – $79,059 is expected.
Bullish Scenario:
If price breaks and holds above $85,553, it could invalidate the bearish move and push toward $88,910 – $90,889.
Trading Plan:
Sell Setup: Wait for rejection in the $84,497 – $85,553 zone.
Buy Setup: Only consider longs if price closes above $85,553.
Manage risk with SL above resistance or below support zones.
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