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BTC/USDT 1H
Trend Overview:
Structure: Still bullish — you have Breaks of Structure (BoS) and higher highs (HH) forming.
Current Action: Price is holding around the 0.236 Fibonacci retracement zone and slightly above the 240L.
Market Behavior: Small pullback happening, but still respecting bullish structure unless a strong breakdown happens below 0.382 or 0.5.
Entry, TP, and SL Plan:
Entry Option 1 (Safer Pullback Buy):
Entry Zone: Near 0.382 Fibonacci (~94,200) or wait for confirmation around 94,400 bounce.
Stop Loss (SL): Below 0.5 Fibonacci (~93,600) — safely under structure to avoid wicks.
Take Profit (TP):
TP1: Retest of recent high ~95,400.
TP2: Extension towards 96,000 - 96,200 (next resistance, near weak high).
Entry Option 2 (Breakout Buy):
Entry: Break and retest above 95,500 with strong volume.
SL: Below 95,000 (in case of fake breakout).
TP: Around 96,500 - 97,000.