While most traders are focused on the 1D bearish flag, the 4-hour chart is quietly telling a different story.
$BTC /USDT – LONG
Trade Plan:
Entry: 64529.33 – 64625.87
SL: 63032.29
TP1: 65736.58
TP2: 66509.24
TP3: 67668.22
Why this setup?
The bigger-picture daily trend still points lower, but momentum is beginning to shift. On the 4-hour timeframe, price has rejected a lower breakdown, suggesting buyers are stepping back in. At the same time, the 15-minute RSI sits at 40.5, indicating early accumulation before the daily trend participants respond.
The entry range between 64.5k and 64.6k continues to act as a strong magnet for price. Backed by an 85% confidence score, this setup aims to capitalize on that developing strength. The attraction of the trade lies in its defined risk, with invalidation at 64.1k, while TP1 at 65.7k presents a 4:1 reward before the broader daily bearish pressure potentially returns.
Debate:
Will BTC manage to push 1.8% to TP1 before daily sellers regain control, or is this simply setting up a bull trap?
Click here to Trade 👇️
$BTC /USDT – LONG
Trade Plan:
Entry: 64529.33 – 64625.87
SL: 63032.29
TP1: 65736.58
TP2: 66509.24
TP3: 67668.22
Why this setup?
The bigger-picture daily trend still points lower, but momentum is beginning to shift. On the 4-hour timeframe, price has rejected a lower breakdown, suggesting buyers are stepping back in. At the same time, the 15-minute RSI sits at 40.5, indicating early accumulation before the daily trend participants respond.
The entry range between 64.5k and 64.6k continues to act as a strong magnet for price. Backed by an 85% confidence score, this setup aims to capitalize on that developing strength. The attraction of the trade lies in its defined risk, with invalidation at 64.1k, while TP1 at 65.7k presents a 4:1 reward before the broader daily bearish pressure potentially returns.
Debate:
Will BTC manage to push 1.8% to TP1 before daily sellers regain control, or is this simply setting up a bull trap?
Click here to Trade 👇️