📊BTCUSDT 4H Market Update
• Trend: Bullish
• SMA (20): 68954.71
• Support: 63979.2
• Resistance: 79555.5
• Current Price: 77414.2
📈Strategy:
Price is trading above the 20 SMA in a bullish structure, but currently in the premium zone near resistance at 79555.5. This creates a conflict: the trend favors longs, but the zone is historically favorable for shorts. The calculated setup shows a long entry with a 1:1.5 R/R, targeting a breakout above resistance. However, traders should watch for a rejection at 79555.5 for a potential short. Patience is key—wait for confirmation before entering.
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⚠️ Not financial advice - always DYOR.
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• Trend: Bullish
• SMA (20): 68954.71
• Support: 63979.2
• Resistance: 79555.5
• Current Price: 77414.2
📈Strategy:
Price is trading above the 20 SMA in a bullish structure, but currently in the premium zone near resistance at 79555.5. This creates a conflict: the trend favors longs, but the zone is historically favorable for shorts. The calculated setup shows a long entry with a 1:1.5 R/R, targeting a breakout above resistance. However, traders should watch for a rejection at 79555.5 for a potential short. Patience is key—wait for confirmation before entering.
🔔 Don't forget to follow for more updates! & Your Future Eye
⚠️ Not financial advice - always DYOR.
Click Here To Trade 👇