BTCUSD 1HOUR CHART TECHNICAL ANALYSIS NEXT MOVE POSSIBLE

This chart represents a Bitcoin (BTC/USD) 1-hour timeframe analysis. Here’s what it suggests:

1. Support & Resistance Levels – The chart shows multiple support and resistance zones marked with blue and red horizontal lines. These indicate key price levels where Bitcoin has historically reacted.


2. Bullish Setup – The black arrow suggests an expected upward movement, implying a potential long trade.


3. Rejection from Support – BTC bounced off a key support area (around $94,500), showing buying pressure (bull wick).


4. Target Resistance – The expected upside move aims for the $96,800–$97,200 zone, which has previous resistance levels.


5. Stop-Loss & Risk Management – The red zone at the bottom indicates a stop-loss level near $93,500, managing downside risk.



In summary, this is a bullish trade setup predicting BTC's potential rise toward resistance while managing risk below recent lows. Let me know if you need a trading caption for this!