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BTC/USDT
Trend Analysis:
Recent Bearish Trend followed by a Bullish Break of Structure (BoS) and CHoCH.
Current structure shows a retest of demand zone (green area around 103,000–103,500).
Volume is low, and price is ranging inside an Area of Interest (AOI).
Entry Plan:
Buy Setup (Bullish Bias):
Entry Zone: $103,300 – $103,600
Price has reacted from the 240L and 0.5 Fibonacci zone.
Buy confirmation can be stronger if bullish candle closes above $104,000.
Stop-Loss (SL): $102,800
Below the 1D Low (1DL) and deeper demand zone.
Take-Profit (TP):
TP1: $104,500 (recent structure high)
TP2: $105,500 (above 200CH)
TP3: $106,500+ (extension if momentum continues)
Key Confirmation:
Look for a strong bullish engulfing or rejection wick at the demand zone to validate the entry.
A break and hold above $104,200 would be a clear bullish continuation sign.