BTC/USDT 4-Hour (Binance) – Intraday Trade Setup
The Binance 4-hour chart shows Bitcoin trading around $95,000 after a recent rebound from roughly the $90–92k area. Key momentum indicators favor bulls: the RSI is above its 50 midline (a signal of sustained bullish momentum) and the MACD line has crossed above its signal line (a common buy signal). In fact, Bitcoin recently broke out of a descending “pennant” consolidation with strong momentum, reinforcing the uptrend. This technical context supports a long (buy) trade near current levels. The recommendations below use these signals and price zones:
Entry (Long) – ≈$95,000. Enter near the current price after the pullback to the $90–92k support zone. This demand area has held on the last dip, suggesting buyers are stepping in. At the same time, momentum is bullish: RSI >50 (confirming upward momentum) and MACD has given a bullish crossover. These indicate the move can continue higher. Entering around $95k positions for a rally to the next resistance.
Take Profit (Target) – ≈$100,000. This level corresponds to a major overhead resistance and psychological round number. Bitcoin stalled near ~$100k during the Feb–Apr trading range, so it is a logical first target. (If buying momentum is strong, the next resistance zone near ~$107k – the January highs – is also noted.) In practice, partial profit-taking around $100k is prudent, as prior price action shows supply emerging there.
Stop Loss – ≈$90,000. Place the stop just below the recent support zone (slightly under $92k) to limit downside. A stop at ~$90k represents roughly a 5% loss from entry, well within the 10% risk limit. It sits just below the bounce area so that a clear break would signal the trade thesis is invalid. (For traders willing to use the full 10% risk, a wider stop around ~$85k – near the March lows – could be considered, but the conservative stop at ~$90k protects capital and still respects the risk limit.)
Each level above is chosen based on chart structure and indicator signals. The entry is tied to the $90–92k demand zone and bullish RSI/MACD signals. The target aligns with the next strong resistance ($100k) identified on the 4h chart. The stop is set below support to cap losses (risk ≤10%).
Rationale: This setup combines support/resistance and momentum analysis. Price rebounded from the $90k support (demand) zone and has rallied back near resistance. The technical indicators confirm bullish bias: RSI above 50 signals strength, and a bullish MACD crossover indicates accelerating momentum. In summary, entering long around $95k targets the well-defined $100k resistance, while a stop just under support keeps risk within the user’s 10% limit. These criteria together define a clear, actionable trade setup.
Sources: Recent 4h price action and momentum align with technical analysis principles (overhead resistance, support, RSI/MACD signals).