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Technical analysis by Sive-Morten about Symbol BTC: Buy recommendation (4/21/2025)

https://sahmeto.com/message/3433680
Sive-Morten
Sive-Morten
Rank: 12
4.4
Buy،Technical،Sive-Morten

Happy Easter, So, our bullish trade is started well. But for now we wouldn't consider too extended targets. Based on AB=CD that we have on 4H chart, next extension is around 93K. But here is a tricky moment exists and it relates to the H&S shape and strong 87-89K daily resistance. The point is that the right arm is yet to be formed, and it could be started right around 88.5K 1H chart targets. That's why we're focused on just near standing targets. If Somehow, BTC will jump above 90K, then, the different scenario could appear. But for now we think it would be better to not take more risk and try to extract as much as good result from current positive position.

Translated from: English
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Signal Type: Buy
Time Frame:
2 ساعت
Profit Target:
$93,000
Stop Loss Price
$87,548.32
Price at Publish Time:
$87,542.93
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