BTC 4H Chart Update: Bullish FVG Setup 📈
If you are looking at Bitcoin (BTC) on the 4H chart right now, then a strong technical setup is forming. Let’s take a look:
🔹 Setup Details (Breakout & FVG): On 27 September, the market broke upward (Breakout Up). This move left a clear Bullish FVG (Fair Value Gap) on the chart.
At the moment, the price has come back to fill that gap, i.e., the FVG. The most important thing is that during this pullback, volume is steadily decreasing (falling volume), which indicates weakening selling pressure.
📊 Key Levels for the Trade:
🟢 Direction: Long
📍 Entry Level: Went long at 84,791.00, and the current open price is 83,389.54.
🎯 Target Price: 87,395.67
🛑 Stop Loss (SL): 81,031.07
⚖️ Risk/Reward (R/R): 1.00
💡 Trading Lesson (Learning Point): Whenever the market comes to test an FVG while moving downward with decreasing volume, it is usually a strong indication of trend continuation (the trend is likely to continue).
⚠️ Note: Always follow strict risk management.
Are you taking an entry from this zone? Share your analysis in the comments! 👇
$BTC
If you are looking at Bitcoin (BTC) on the 4H chart right now, then a strong technical setup is forming. Let’s take a look:
🔹 Setup Details (Breakout & FVG): On 27 September, the market broke upward (Breakout Up). This move left a clear Bullish FVG (Fair Value Gap) on the chart.
At the moment, the price has come back to fill that gap, i.e., the FVG. The most important thing is that during this pullback, volume is steadily decreasing (falling volume), which indicates weakening selling pressure.
📊 Key Levels for the Trade:
🟢 Direction: Long
📍 Entry Level: Went long at 84,791.00, and the current open price is 83,389.54.
🎯 Target Price: 87,395.67
🛑 Stop Loss (SL): 81,031.07
⚖️ Risk/Reward (R/R): 1.00
💡 Trading Lesson (Learning Point): Whenever the market comes to test an FVG while moving downward with decreasing volume, it is usually a strong indication of trend continuation (the trend is likely to continue).
⚠️ Note: Always follow strict risk management.
Are you taking an entry from this zone? Share your analysis in the comments! 👇
$BTC
