The BTC price is pausing near $84,031 after a slight adjustment, hovering close to the EMA20 on the 4h chart for a prolonged continuation signal.
$BTC – LONG
Trading plan:
Entry: $83,971.73 – $84,091.07
SL: $83,434.75
TP1: $85,105.37
TP2: $85,622.47
TP3: $86,219.12
Why this setup?
• The 4h trend is LONG; EMA20=$84,209.87, EMA50=$82,371.73.
• 15m RSI=45.7; 4h RSI=45.3.
• ATR 1h=$397.77; the entry is around the current price, TP1 has an R:R of 1.8.
Discussion:
If buying momentum returns and breaks above EMA20, price may test the daily resistance at $87,395; alternatively, losing the $83,434 level could open the way to support at $74,967.
Click here to trade 👇
$BTC – LONG
Trading plan:
Entry: $83,971.73 – $84,091.07
SL: $83,434.75
TP1: $85,105.37
TP2: $85,622.47
TP3: $86,219.12
Why this setup?
• The 4h trend is LONG; EMA20=$84,209.87, EMA50=$82,371.73.
• 15m RSI=45.7; 4h RSI=45.3.
• ATR 1h=$397.77; the entry is around the current price, TP1 has an R:R of 1.8.
Discussion:
If buying momentum returns and breaks above EMA20, price may test the daily resistance at $87,395; alternatively, losing the $83,434 level could open the way to support at $74,967.
Click here to trade 👇
