Technical analysis by EA_Gold_Man about Symbol BTC: Buy recommendation (4/15/2025)

EA_Gold_Man

- 📊 **BTC/USD Trading Idea (30-Min Chart)** **Date:** April 16-17, 2025 **Timeframe:** 30-Minute Chart **Bias:** **Bullish Reversal from Support Zone**---- ✅ **Key Levels**:- **Support Zone:** $83,586 – $83,765 - **Resistance Zone (Target):** $86,441 --- 🧠 **Idea**:BTC currently approaching strong **support zone** ($83,586 – $83,765). Based on the previous price action and highlighted zone:🔹 Expecting **bullish rejection/wick** from support 🔹 Potential for **bounce back toward $86,441** resistance 🔹 Best entry after confirmation (e.g., bullish engulfing / double bottom on LTF)---- 🎯 **Trade Setup**:- **Entry:** $83,750 - $83,850 (on bullish confirmation) - **Take Profit (TP):** $86,000 - $86,441 - **Stop Loss (SL):** Below $83,500 ---. 🛡️ **Risk Management**:- Position size as per risk appetite (1-2% of capital recommended) - Wait for **confirmation candle** to avoid false breakout