Bitcoin’s Next Move: Reversal from Support or Deeper Correction?

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Bitcoin (BTC/USD) Technical Analysis – 1H Chart

Market Structure & Outlook:
Bitcoin is currently testing a key support zone around $85,000, marked as the Point of Interest (POI). A potential bounce from this level could trigger a move toward the resistance area near $92,000.

Scenario 1 (Bullish Case):
- If buyers hold the POI, BTC could establish a higher low and push toward $92,000, possibly challenging $95,000 in an extended rally.

Scenario 2 (Bearish Case):
- Failure to hold the $83,500 - $85,000 support could open the door for a deeper retracement toward the $81,500 - $82,500 zone.

Conclusion:
BTC is at a critical demand zone. Price action at this level will determine if a reversal toward resistance is likely, or if further downside correction is in play. Traders should watch for bullish confirmations before entering long positions.

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Giao dịch đang hoạt động

8 thg 3

Ghi chú

Congratulations guys, price start flying from our demand zone around 85k$.

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trade running 100 pips+ profit,

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Congratulations guys, trade running 150 pips+ profits.

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just hold your buying trades , towards target.

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9 thg 3

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Price in consolidation phase , so be careful or just wait for breakout of this 1D price consolidation.

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Giao dịch được đóng thủ công

with 400 pips+ profit.