Based on $BTC /USDT 1H + 4H charts and today's market conditions, BTC is strongly bullish but has already made a very sharp move. BTC recently reached about $79,400–$79,500, while your screenshot shows ~$77,068. Current market coverage also describes the move as a major breakout toward the $80K area, accompanied by strong ETF demand and short covering. (CoinDesk)
📊 My technical read
4H: Bullish trend, but RSI 94.54 = extremely overbought
1H: Bullish structure, RSI 55.86 = much healthier
Resistance: $77,600 → $79,500 → $80,000+
Support: $75,100–$75,300 → $72,700 → $69,150
The key point: I would not chase BTC at $77K after this rally.
🟢 Setup 1 — Preferred LONG
Wait for a pullback:
Entry: $75,200–$75,800
Stop-loss: $73,900
TP1: $77,600
TP2: $79,400
TP3: $80,500–$81,500
If price reaches TP1, consider moving SL toward entry.
🚀 Setup 2 — Breakout LONG
If BTC gets a 1H candle close above $79,500 with strong volume:
Entry: $79,600–$80,000
SL: $78,300
TP1: $81,000
TP2: $82,500
TP3: $84,000
Don't enter just because BTC briefly wicks above $79,500.
🔴 Short setup
I wouldn't short simply because the 4H RSI is overbought. Wait for an actual rejection.
If BTC rejects $79,400–$80,000 and a 1H candle closes below ~$77,600:
Short entry: $77,500–$78,000
SL: $80,300
TP1: $75,300
TP2: $72,700
🎯 What I'd do
At $77,068 → WAIT.
My preferred trade is:
LONG $75.2K–$75.8K → SL $73.9K → TP $77.6K / $79.4K / $80.5K+
The bullish trend remains strong, and BTC has broken above the ~$72K area that analysts were watching as an important breakout level. (CoinMarketCap) But the move has been exceptionally fast, so a pullback before another leg higher would be completely normal.
⚠️ If you're using futures/leverage, reduce position size. These levels are technical scenarios, not guaranteed outcomes.
#BitcoinBestWeekSinceMarch2023 #GoldReboundsNearly5%
📊 My technical read
4H: Bullish trend, but RSI 94.54 = extremely overbought
1H: Bullish structure, RSI 55.86 = much healthier
Resistance: $77,600 → $79,500 → $80,000+
Support: $75,100–$75,300 → $72,700 → $69,150
The key point: I would not chase BTC at $77K after this rally.
🟢 Setup 1 — Preferred LONG
Wait for a pullback:
Entry: $75,200–$75,800
Stop-loss: $73,900
TP1: $77,600
TP2: $79,400
TP3: $80,500–$81,500
If price reaches TP1, consider moving SL toward entry.
🚀 Setup 2 — Breakout LONG
If BTC gets a 1H candle close above $79,500 with strong volume:
Entry: $79,600–$80,000
SL: $78,300
TP1: $81,000
TP2: $82,500
TP3: $84,000
Don't enter just because BTC briefly wicks above $79,500.
🔴 Short setup
I wouldn't short simply because the 4H RSI is overbought. Wait for an actual rejection.
If BTC rejects $79,400–$80,000 and a 1H candle closes below ~$77,600:
Short entry: $77,500–$78,000
SL: $80,300
TP1: $75,300
TP2: $72,700
🎯 What I'd do
At $77,068 → WAIT.
My preferred trade is:
LONG $75.2K–$75.8K → SL $73.9K → TP $77.6K / $79.4K / $80.5K+
The bullish trend remains strong, and BTC has broken above the ~$72K area that analysts were watching as an important breakout level. (CoinMarketCap) But the move has been exceptionally fast, so a pullback before another leg higher would be completely normal.
⚠️ If you're using futures/leverage, reduce position size. These levels are technical scenarios, not guaranteed outcomes.
#BitcoinBestWeekSinceMarch2023 #GoldReboundsNearly5%