Technical analysis by Artiverma256 about Symbol BTC on 3/20/2025

This chart represents Bitcoin (BTC/USD) on a 4-hour timeframe, highlighting a potential bullish reversal after a period of consolidation and previous rejection at resistance levels. The chart structure suggests that if Bitcoin finds strong support, an upside move towards new highs could follow.1. Market Structure & Previous Price Action• The horizontal resistance line at the top shows multiple failed breakout attempts.• Each time Bitcoin reached this level, strong rejections and sell-offs followed, confirming a strong supply zone.• Currently, the price is trading around $84,135, and the chart suggests a possible bounce for a bullish breakout attempt.2. Key Support & Resistance LevelsResistance Levels:• $90,000 (Target 1): First key resistance; price may face some rejection here.• $94,000 (Target 2): Mid-level resistance; if broken, a stronger rally is expected.• $97,500+ (Target 3): The previous major supply zone where sellers previously dominated.Support Levels:• $80,000 - $81,000 Zone: A key level to watch; a bounce from here could confirm bullish momentum.• $78,000 - $75,000: If this level breaks, it would invalidate the bullish setup and suggest a deeper correction.3. Bullish Trading Setup (Potential Buy Opportunity)This chart suggests a bullish setup if Bitcoin:1. Bounces from the current support zone ($80,000 - $81,000) and forms a higher low.2. Breaks above the key resistance at $90,000, confirming an uptrend.3. Sustains momentum towards $94,000 - $97,500 levels, reaching new highs.Entry & Confirmation:• Ideal Entry: After a bounce from support or a breakout retest above $90,000.• Stop-loss: Below the recent swing low to protect against fake breakouts.• Targets:• Target 1: $90,000• Target 2: $94,000• Target 3: $97,500+4. Bearish Scenario – Risk Factors• If Bitcoin fails to hold support and drops below $78,000, the bullish scenario is invalidated.• A breakdown below this level could lead to further downside towards $75,000 or lower.5. Final Thoughts & Strategy• Bullish Bias (Preferred Trade Plan):• Look for a strong support bounce or a breakout above $90,000 before entering long positions.• Watch for increasing buying volume to confirm the move.• Bearish Risk:• If Bitcoin fails to hold support at $80,000, avoid longs and wait for confirmation.This setup suggests a potential bullish move for BTC/USD if key support holds, but confirmation is crucial before taking a trade.Active Trade is to our way, Let's put the long entery !!