#BTC Price Trend Analysis

Trend Analysis (4H Timeframe - BTC/USDT)

Current Price: $83,971.49

Trend: Bitcoin is trading within a resistance zone (Sell Zone at 74,606), but the price is significantly above it, suggesting an overall bullish trend.

Structure: Higher highs and higher lows are forming, indicating strength in the uptrend.

Key Level: The gray resistance zone suggests a supply area where sellers may push the price down.

Trade Setup

Take Profit (TP)

If looking for a long position, potential TP levels:

First TP: $85,500 (recent high)

Second TP: $87,500 (psychological resistance)

Extended TP: $90,000 (round number resistance)

Stop Loss (SL)

For Long Trades: Below the recent swing low

SL: $82,500 (recent support zone)

Aggressive SL: $81,000 (below the last major support)

For Short Trades (if bearish rejection occurs)

First TP: $82,500 (support)

Extended TP: $81,000

SL: Above $85,500 (above the resistance zone)