BTC/USD Multi-Timeframe Analysis
- 15-Minute Chart (Intraday Perspective):
- The 15-minute chart displays a series of Breaks of Structure (BOS) and Change of Character
(CHoCH), indicating frequent shifts in market momentum.
- Recent price action has shown a bullish CHoCH, signaling potential short-term upside
momentum. The higher lows forming suggest a continuation of the upward movement.
- Key Levels:
- Immediate support: $97,900
- Resistance zone: $98,500 - $98,700
- Conclusion: Short-term momentum remains bullish, but price needs to decisively break
above $98,700 to sustain the rally.
- 1-Hour Chart (Mid-Term Analysis):
- The 1-hour timeframe reveals a transition from a downtrend to a potential bullish reversal,
confirmed by a CHoCH and a BOS above $95,000.
- Current price action has established $95,000 as a significant demand zone. The recent
upward movement suggests strong buyer interest above this level.
- Key Levels:
- Support: $95,000
- Resistance: $98,900 - $99,200
- Conclusion: A sustained move above $98,900 could open the door for further gains toward
$99,800. However, a break below $97,500 may lead to a retest of $96,000.
4-Hour Chart (Macro Perspective):
- On the higher timeframe, BTC/USD continues to exhibit a macro bullish structure, with
multiple BOS signaling sustained upward momentum.
- The bullish push above $98,000 reflects strong market sentiment, with $96,000 acting as the
primary support level.
- Key Levels:
- Major support: $96,000
- Target resistance: $99,800 - $100,000
- Conclusion: A break above $99,800 would likely test the psychological resistance of
$100,000, while a pullback to $96,000 or $94,800 could present attractive buying
opportunities.
Overall Outlook
- BTC/USD is displaying bullish momentum across all timeframes, supported by structural
shifts (CHoCH and BOS).
- Trade Plan:
- Consider long positions on pullbacks to $97,500 or $96,000, with targets at $99,800 and
$100,000.
- Maintain a stop-loss below $95,000 to manage risk effectively.
* This analysis highlights the alignment of bullish momentum on both intraday and higher timeframes, providing a strong case for further upside.