๐ BTC 4H: EMA20 Reclaimed, Pullback Long Setup
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๐งญ Trend: Bitcoin trades near 78,489 (+1.0% 24H) after building higher lows since the Oct 30 wick at 76,326. Price just closed above the 4H EMA20 (78,251), but EMA50 (79,235) and EMA200 (81,034) still sit overhead, so this is a recovery bounce inside a bigger downtrend.
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๐งฑ Support: 78,044 (today's low), 77,620, 76,326
๐ง Resistance: 78,631, 79,235, 79,860, 81,034
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๐ฏ Plan (LONG on pullback):
Entry: 78,050 - 78,250
Stop loss: 77,550
TP1: 79,235
TP2: 79,860
TP3: 81,030
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โ ๏ธ Risk: A 4H close back below 77,600 cancels the idea. Expect rejection at EMA50 first; take partial profit at TP1 and move the stop to entry.
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Not financial advice. DYOR.
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$BTC $BNB #Bitcoin #BTC #TechnicalAnalysis #CryptoTrading
โ
๐งญ Trend: Bitcoin trades near 78,489 (+1.0% 24H) after building higher lows since the Oct 30 wick at 76,326. Price just closed above the 4H EMA20 (78,251), but EMA50 (79,235) and EMA200 (81,034) still sit overhead, so this is a recovery bounce inside a bigger downtrend.
โ
๐งฑ Support: 78,044 (today's low), 77,620, 76,326
๐ง Resistance: 78,631, 79,235, 79,860, 81,034
โ
๐ฏ Plan (LONG on pullback):
Entry: 78,050 - 78,250
Stop loss: 77,550
TP1: 79,235
TP2: 79,860
TP3: 81,030
โ
โ ๏ธ Risk: A 4H close back below 77,600 cancels the idea. Expect rejection at EMA50 first; take partial profit at TP1 and move the stop to entry.
โ
Not financial advice. DYOR.
โ
$BTC $BNB #Bitcoin #BTC #TechnicalAnalysis #CryptoTrading
