📊BTCUSDT 4H Market Update
• Trend: Bullish
• SMA (20): 70234.8
• Support: 63979.2
• Resistance: 79555.5
• Current Price: 77549.9
📈Strategy:
Price is trading above the 20 SMA, confirming a bullish bias. However, we are in a premium zone near resistance at 79555.5, suggesting a potential short-term pullback. The calculated setup uses a 1:1.5 risk-reward, with entry at 77549.9, stop loss at 75223.403, and take profit at 81039.6455. Watch for rejection at resistance for a bearish reversal or a breakout to target the TP.
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⚠️ Not financial advice - always DYOR.
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• Trend: Bullish
• SMA (20): 70234.8
• Support: 63979.2
• Resistance: 79555.5
• Current Price: 77549.9
📈Strategy:
Price is trading above the 20 SMA, confirming a bullish bias. However, we are in a premium zone near resistance at 79555.5, suggesting a potential short-term pullback. The calculated setup uses a 1:1.5 risk-reward, with entry at 77549.9, stop loss at 75223.403, and take profit at 81039.6455. Watch for rejection at resistance for a bearish reversal or a breakout to target the TP.
🔔 Don't forget to follow for more updates! & Your Future Eye
⚠️ Not financial advice - always DYOR.
Click Here To Trade 👇