BTC is trading around $64,370, holding above the 4h EMA20 ($64,032) after a slight bullish session of 0.16%, indicating the upward momentum is still intact.
$BTC – LONG
Trading plan:
Entry: $64,339.28 – $64,401.10
SL: $64,061.10
TP1: $64,926.55
TP2: $65,194.43
TP3: $65,503.52
Why this setup?
• The 4h trend is LONG; EMA20=$64,032.50, EMA50=$63,949.57.
• RSI 15m=30.1; RSI 4h=68.0.
• ATR 1h=$206.06; the entry is around the current price, and TP1 has an R:R of 1.8.
Discussion:
The bullish scenario to test the resistance on $65,474 is feasible if the 4h candle closes above EMA20, but there is a risk of a stop-loss sweep if BTC loses momentum and breaks below the $64,000 support zone.
Click here to trade 👇
$BTC – LONG
Trading plan:
Entry: $64,339.28 – $64,401.10
SL: $64,061.10
TP1: $64,926.55
TP2: $65,194.43
TP3: $65,503.52
Why this setup?
• The 4h trend is LONG; EMA20=$64,032.50, EMA50=$63,949.57.
• RSI 15m=30.1; RSI 4h=68.0.
• ATR 1h=$206.06; the entry is around the current price, and TP1 has an R:R of 1.8.
Discussion:
The bullish scenario to test the resistance on $65,474 is feasible if the 4h candle closes above EMA20, but there is a risk of a stop-loss sweep if BTC loses momentum and breaks below the $64,000 support zone.
Click here to trade 👇