Bitcoin is currently trading inside a strong **higher-timeframe support and reversal zone around $80,000–$82,000**, which also aligns closely with the **200 EMA** on the 3-day chart. This area has acted as a major demand zone in the past, and price is now showing stabilization after a sharp sell-off. As long as BTC holds above this zone, the structure supports a **bounce-based long setup** rather than continuation to the downside.
We are planning a **long position near the support zone**, expecting buyers to defend this level. The **stop loss** should be placed **below $79,900**, as a clean break below this level would invalidate the support and open the path toward the $74,500 area. For the upside, the **final target** is set at **$92,000–$94,000**, which is the nearest major resistance and previous supply zone on the higher timeframe. This setup offers a **clean structure-based long** with clear invalidation and a favorable risk-to-reward if support holds.
**Trade Summary (for TradingView):**
• Direction: **LONG**
• Entry Zone: **$83,000 – $85,000**
• Stop Loss: **$79,900**
• Final Target: **$92,000 – $94,000**
• Bias: **HTF support + 200 EMA bounce**
We are planning a **long position near the support zone**, expecting buyers to defend this level. The **stop loss** should be placed **below $79,900**, as a clean break below this level would invalidate the support and open the path toward the $74,500 area. For the upside, the **final target** is set at **$92,000–$94,000**, which is the nearest major resistance and previous supply zone on the higher timeframe. This setup offers a **clean structure-based long** with clear invalidation and a favorable risk-to-reward if support holds.
**Trade Summary (for TradingView):**
• Direction: **LONG**
• Entry Zone: **$83,000 – $85,000**
• Stop Loss: **$79,900**
• Final Target: **$92,000 – $94,000**
• Bias: **HTF support + 200 EMA bounce**
SpyOnGems (Mayank) | Technical Analysis & Education | Telegram: t.me/spyongems
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SpyOnGems (Mayank) | Technical Analysis & Education | Telegram: t.me/spyongems
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.