🚀 Gate.io #Launchpad# for Puffverse (PFVS) is Live!
💎 Start with Just 1 $USDT — the More You Commit, The More #PFVS# You Receive!
Commit Now 👉 https://www.gate.io/launchpad/2300
⏰ Commitment Time: 03:00 AM, May 13th - 12:00 PM, May 16th (UTC)
💰 Total Allocation: 10,000,000 #PFVS#
⏳ Limited-Time Offer — Don’t Miss Out!
Learn More: https://www.gate.io/article/44878
#GateioLaunchpad# #GameeFi#
BTC/USDT
Trend Analysis
Current Trend: Short-term bearish trend. Price broke structure to the downside (BOS), made a lower low around the 75.7k–76k area, and is now retracing upward.
Price Zone: Retracing into the golden pocket zone (0.5–0.618 Fibonacci), which often acts as a strong resistance during a downtrend.
Volume: Very high 24hr volume indicates active participation—could lead to volatility.
Entry, SL, and TP Setup (Short Trade Idea)
Entry (Sell): Around 81,500–82,000 USDT — aligns with the equilibrium & 0.5-0.618 retracement level.
Stop Loss (SL): Above the 0.786 level or recent high — ~83,500 USDT.
Take Profit (TP):
TP1: Revisit of the recent low — around 76,000 USDT.
TP2: Potential extension to 74,000 USDT if the bearish move continues.
Key Zones
Resistance: 81.5k–83k zone (where price is heading now)
Support: 75.5k–76k zone (last demand zone)