BTCUSD: tactical retest

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BTCUSD: tactical retestBitcoinCRYPTO:BTCUSDTrade8EightπŸ›  Technical Analysis: On the 4-hour timeframe, Bitcoin (BTCUSD) is attempting to break out of the descending channel toward the 100,000 area. The market is currently in a consolidation phase, preparing for a retest of the resistance zone between $92,000 and $93,000. The chart shows a "local bullish signal," indicating momentum is shifting in favor of buyers. A successful breakout from this zone is expected to allow buyers to test the area near $104,351. β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€” ❗️Trade Parameters (BUY) β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€” ➑️ Entry Point: Buy on retest of the zone $92,000 – $93,000 🎯 Take Profit: $104,351 Resistance) πŸ”΄ Stop Loss: approx. $87,900 ⚠️ Disclaimer: This is a potential trade idea based on current technical chart patterns; crypto markets are highly volatile and subject to rapid changes.