📅 Full Technical Breakdown for BTC – Target Zones, Entry Levels & Stop Losses
📊 Weekly Chart (1W) 🔍 Notes: A strong bearish OB is forming in the [118K–124K] area. This week's strong bearish candle broke the previous week's support at 116K. A clear bullish OB is in the [77K–84K] range, which is the most important demand area on the long-frame. Volume rose in the last bearish candle → Institutional selling pressure. 🔻 Current Trend: Medium-term bearish Bitcoin targets the 104K and then 96K areas if 116K is not quickly reclaimed. 📆 Daily Chart (1D) 🔍 Notes: A clear break below the 116K support area. Consecutive bearish candles with rising volume → Sell confirmation. Bearish Order Block activated between [117.9K – 118.8K] The price is heading towards a previous liquidity area around [104.7K] (potential demand point). 📉 Fibonacci (from the 124K high to the 112K low): 0.382 ~ 116.2K area 0.618 ~ 118.3K area → perfectly matches the Bearish OB. 🔻 Conclusion: Any bounce is a selling opportunity from: 116.2K → first sell entry. 118.3K → second (stronger) sell entry. 📌 Sell Targets: TP1: 112K TP2: 108K TP3: 104.7K 🎯 Stop Loss: above 119K with a daily candle. ⏱️ Chart 1H (Accurate Price Action) 🔍 Notes: The price was rejected twice from the Bearish OB at ~115.8K. Sold volume is strong, but a temporary bounce candle has started. Intraday support is at 112K and then 111.3K. 📈 Counter-Scenario (Buy Scalp): ✳️ Entry: From 111.3K or a false break to 110.8K 🎯 TP: 113.6K - 114.3K 🛡️ SL: 110.4K 📉 Main Scenario: Sell on a retest of the area ✳️ Entry: 114.3K - 115.8K 🎯 TP1: 112.8K 🎯 TP2: 111.3K 🎯 TP3: 110K 🛡️ SL: Above 116K 📌 Daily Pivot Levels: Pivot: ~113.4K R1: 115.8K S1: 111.5K 🔺 Price is trading below the Pivot → Clear selling pressure. ✅ Final Recommendations (Intraday Focus): Trade Type: Potential Entry SL TP Main Sell 115.8K 116.3K 112K / 110K Fast Scalp Buy 111.3K 110.4K 113.6K Sell at 118.3K 119.2K 114K / 112K / 108K
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winning decision.