Long Setup Between Support and Resistance Market Structure

This Bitcoin 45-minute chart shows a short-term bullish recovery after a strong selloff from the 81.6K resistance zone.

Price behavior suggests:

Higher lows forming after the rebound from 79,555 support
Consolidation below resistance
Potential continuation toward upper targets if buyers maintain momentum

The blue 9 SMA is flattening and slightly rising, indicating improving short-term momentum.

Key Levels
Major Support
79,555 → Critical support / stop-loss zone
Buyers reacted strongly here twice
Breakdown below this level would invalidate the bullish setup
Mid Resistance / TP1
80,633
Current price is struggling around this area
Needs strong candle close above for continuation
Major Resistance / TP2
81,590 – 81,602
Previous rejection zone
Sellers entered aggressively here before
Trade Idea (Bullish Setup)
Entry Zone
Around 80,200 – 80,350
Stop Loss
Below 79,555
Targets
TP1:
80,633
TP2:
81,590

Risk-to-reward appears favorable if price holds above 80K psychological support.

Technical Signals
Bullish Signs

✅ Double reaction from 79,555 support
✅ Recovery above SMA 9
✅ Higher low formation
✅ Buyers defending dips

Bearish Risks

⚠ Repeated rejection near 80.6K
⚠ Lower highs still visible from 81.6K peak
⚠ Weak momentum candles near current price

Probable Scenarios
Bullish Scenario

If BTC breaks and closes above 80,633:

Momentum could accelerate toward 81.6K
Potential breakout continuation afterward
Bearish Scenario

If BTC loses 79,555:

Likely move toward 78.5K
Trend structure becomes bearish again
Suggested Chart Title
“BTC Bullish Recovery Setup Above 79.5K Support”

Alternative titles:

“Bitcoin Long Trade Setup with TP1 & TP2”
“BTC Rebound From Key Support Zone”
“BTC 45M Bullish Continuation Pattern”
“Bitcoin Support Hold and Breakout Attempt”

Zlecenie aktywne

Gems-Trades

t.me/wolfpipsspot
Sharing My Exprience Here And providing Daily Forex Ideas t.me/wolfpipsspot Free Signal's Analysis Chart Mapping
Don't Worry Friend's I'm Here For Your Help ❤️ t.me/wolfpipsspot

Również na:

Wyłączenie odpowiedzialności

Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.

Gems-Trades

t.me/wolfpipsspot
Sharing My Exprience Here And providing Daily Forex Ideas t.me/wolfpipsspot Free Signal's Analysis Chart Mapping
Don't Worry Friend's I'm Here For Your Help ❤️ t.me/wolfpipsspot

Również na: