Incremental buying is accompanied by divergence, and the market structure of $BTC is beginning to reveal its direction. The daily chart has moved above the 50- and 200-day moving averages, while the 4-hour chart is strengthening in tandem. The bullish alignment remains intact. The 15-minute ADX is above 20, with buyers still driving the move. The pullback looks more like consolidation before another push than a trend reversal.
I’m watching how price behaves in the pullback support zone. As long as the key structure holds, further upside is more likely. A short-term close below the 1-hour moving average would be the point to reassess. The rationale for entering long here is trend confluence, not chasing price.
🟢 Trade direction: Long
📍 Entry range: 83839.61 – 83901.34
🛑 Stop loss: 83301.39
🎯 Take profit 1: 84297.30
🎯 Take profit 2: 84581.84
🎯 Take profit 3: 85008.65
Take in the vastness of mountains and seas; observe the market’s smallest details.
Walk with Uncle Xiong and witness the ebb and flow of gains and losses.
#BTC
Tap below to trade 👇
I’m watching how price behaves in the pullback support zone. As long as the key structure holds, further upside is more likely. A short-term close below the 1-hour moving average would be the point to reassess. The rationale for entering long here is trend confluence, not chasing price.
🟢 Trade direction: Long
📍 Entry range: 83839.61 – 83901.34
🛑 Stop loss: 83301.39
🎯 Take profit 1: 84297.30
🎯 Take profit 2: 84581.84
🎯 Take profit 3: 85008.65
Take in the vastness of mountains and seas; observe the market’s smallest details.
Walk with Uncle Xiong and witness the ebb and flow of gains and losses.
#BTC
Tap below to trade 👇