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4-hour chart of Bitcoin (BTC/USDT) Here's an analysis of the trend, potential take profit (TP), and stop loss (SL):
Trend Analysis:
Current Price: $84,366.68
Recent Structure: The price made a higher high (HH) near 86,000 and then retraced to around 83,000, forming a potential higher low (HL).
Market Structure: The CHoCH (Change of Character) and BOS (Break of Structure) indicate a possible shift in trend.
Support & Resistance Zones:
Support Zone: Around 82,000 - 83,000 (Highlighted Blue Box)
Resistance Zone: Around 87,000 - 91,000 (Highlighted Red Box)
Trade Setup Suggestion:
Buy Entry:
If BTC holds above 83,000, it may continue the uptrend.
A break above 85,000 confirms bullish continuation.
Take Profit (TP) Targets:
1. Short-term TP: 85,500 - 86,000
2. Medium-term TP: 87,000 - 88,000
3. Long-term TP: 90,000 - 91,000
Stop Loss (SL) Levels:
Aggressive SL: Below 83,000
Conservative SL: Below 82,000 (break of structure Who can stop this wild move? The hyperLiquidWhale is at it again, placing a massive short order of 65 million at 83,667, signaling an intent to chase shorts. Currently, he holds a short position of 4.3 billion at 83,916, with a liquidation price set at 86,089. If he adds to his position at 83,667, his liquidation price could drop to around 85,000. Donald Trump Set to Address Digital Asset Summit: Exclusive Details
On March 20, the Trump administration will host its first-ever Digital Asset Summit. This event aims to bring together industry experts, policymakers, and regulators to discuss the impact of digital assets on the global economy.
The summit will cover a wide range of topics, including blockchain technology, cryptocurrencies, and the future of finance. Speakers will include top officials from the Trump administration, as well as CEOs of major companies in the digital asset space.
One of the key goals of the summit is to explore how digital assets can drive economic growth and innovation. By bringing together thought leaders from both the public and private sectors, the summit seeks to foster collaboration and dialogue on the opportunities and challenges presented by digital assets.
The summit will also address regulatory issues surrounding digital assets, including concerns about security, fraud, and market manipulation. Participants will discuss ways to enhance consumer protection and ensure the integrity of the digital asset market. Additionally, the summit will explore the potential impact of digital assets on national security and financial stability.
Overall, the Digital Asset Summit promises to be an influential and informative event, offering unique insights into the rapidly evolving world of digital assets. Stay tuned for updates and coverage of this groundbreaking event.
The post Donald Trump Set to Address Digital Asset Summit: Exclusive Details appeared first on Crypto Breaking News.
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