🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
4H BTC/USDT chart analysis
Trend Overview:
Current Trend: Bullish (short-term), showing higher highs and higher lows.
Market Structure: Price has broken structure (I-BoS and I-CHoCH), indicating a shift toward bullish sentiment.
Fair Value Gaps (FVG): There’s a Bearish FVG around the 80,000–81,000 range, which has now been filled.
Fib Levels: Price has reacted to the 0.618 Fibonacci level, which often acts as strong resistance.
Key Levels:
Support:
0.5 Fib: ~82,000
0.382 Fib: ~80,000
Major Swing Low: ~79,000
Area of Interest (Demand Zone): 75,000–73,000
Resistance:
Current Resistance: ~83,900 to 84,000 (near the potential target marked)
Upper Fib Level (0.786): Near 86,000
If planning a long (buy) position:
Entry: Around current price (83,200) or better: near 82,000–82,500 on a pullback.
TP1: 84,000 (previous high / potential target)
TP2: 85,800–86,000 (0.786 Fib level)
SL: Below 82,000 or tighter at 81,500
If planning a short (sell) position from resistance:
Entry: ~83,900–84,000 (potential target zone)
TP1: 82,000 (0.5 Fib)
TP2: 80,000 (0.382 Fib / Bearish FVG)
SL: Above 84,300