$BTC

🗣️ 1H Timeframe analysis 🛑

- Watch for price to retrace into the support/FVG zone around 66,600 – 66,900. If there is a strong bullish reaction (such as a pin bar, engulfing candle, or lower timeframe reversal), this could be an optimal long entry.

- Entry: Wait for price to dip into the FVG/support between 66,600 – 66,900, then watch for bullish confirmation.

- Take Profit 1: 67,320 (minor resistance)

- Take Profit 2: 68,476 (major resistance and just below the most recent high’s liquidity)

- Take Profit 3: 69,241 (if momentum is strong and the most recent high is swept)

- Stop-loss should be placed just below the most recent swing low or the lower side of the FVG zone, at a clear invalidation point.

- Example confirmation: On the 5m or 15m chart, look for a bullish engulfing pattern, a pin bar with rejection wick, or a strong move that breaks a local lower high.