Instrument: BTCUSDT
Time Frame: 4H&1H
Exchange: Bitget
Trading Type: Swing Trading
Before Bitcoin reaches 100k, the major correction from the recently formed low aligns between the 0.618 and 0.786 Fibonacci retracement levels.
If the price continues upward, forming a new ATH (All-Time High), an AB=CD pattern can project targets within the 1.618~1.414 range.
- 1.618 Target: 113K
- 1.414 Target: 110K
If the target zone is set as the final goal for a long setup, it allows for four potential strategies with a risk-reward ratio ranging from a minimum of 2:1 to a maximum of 9.6:1.