BTC is testing the $85.5K area after a slight pullback from the daily resistance at $87.4K, while the 4h candle continues to hold its bullish structure above the EMA20.
$BTC – LONG
Trade plan:
Entry: $85,468.26 – $85,585.96
SL: $84,938.58
TP1: $86,586.47
TP2: $87,096.53
TP3: $87,685.07
Why this setup?
• The 4h trend is LONG; EMA20=$85,410.53, EMA50=$84,762.25.
• RSI 15m=31.8; RSI 4h=58.0.
• ATR 1h=$392.36; entry is around the current price, with an R:R of 1.8 for TP1.
Counterpoint:
Buying near $85.5K could reach TP1 near daily resistance, but losing the 4h EMA20 at $84.9K would invalidate the bullish structure and trigger the SL.
Click here to trade 👇
$BTC – LONG
Trade plan:
Entry: $85,468.26 – $85,585.96
SL: $84,938.58
TP1: $86,586.47
TP2: $87,096.53
TP3: $87,685.07
Why this setup?
• The 4h trend is LONG; EMA20=$85,410.53, EMA50=$84,762.25.
• RSI 15m=31.8; RSI 4h=58.0.
• ATR 1h=$392.36; entry is around the current price, with an R:R of 1.8 for TP1.
Counterpoint:
Buying near $85.5K could reach TP1 near daily resistance, but losing the 4h EMA20 at $84.9K would invalidate the bullish structure and trigger the SL.
Click here to trade 👇
