$BTC lookin bearish and can visit more lower areas in upcoming times. It's not time to sell , it's to buy but at correct s.l with proper entry , exit and s.l points. Let's analyze chart and share specific entry , exit and s.l point. In today article we will discuss these two things:-

  • Analysis Of #BTC☀

  • #Bitcoin❗ Spot Trade Setup

1. Analysis Of BTC:-

🔾First of all we will discuss chart according to pivotal points on 4H TF and then we will discuss about technical analysis on 8H TF.

FVG & Order Block Formation

🔾If we look on above chart then two horizontal areas marked. One is in yellow and other one is in grey color. Yellow area shows FVG and gray area mentioned for order block. Most probability we see support at FVG and then a quick wick to Order block and then trend reversal. It's what pivotal points are indicating.

🔾 According to technical analysis we have a trend line support at $56,350 - $56,800 as shown in below chart.

Technical Analysis of BTC

2. BTC Spot Trade Setup:-

Entry Point:-

  1. $58,100

  2. $57,400

  3. $56,800

Target 🎯 Point:-

  1. $60,952

  2. $63,684

  3. $65,920

Stop Loss:-

$55,830

Note:-

  • Buy on each entry with 30% portfolio.

  • Don't forget to use s.l

  • It is mid term trade so can take 4-7 days to complete.

  • Do your own research before investing as it's for knowledge purpose only not a financial advice.

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#BTC60KResistance #MU_Traders