Based on the chart, $BTC /USDT has bounced from 93,377 and is now trading around 94,285. Here’s a breakdown of the key signals from the 4-hour chart:
trade setup :
Signal Analysis:
1. Support Zone Bounce:
The price bounced strongly from around 93,377, which appears to be a short-term support zone.
This could be a bullish reversal signal if the next candle is also green and strong.
2. Moving Averages (MAs):
MA(7) (Yellow) = 94,257 → The price has crossed above this (bullish sign).
MA(25) = 95,334 → This may act as resistance.
MA(99) = 93,526 → Price respected this level as strong long-term support.
3. Volume Surge:
The recent green candle has higher volume, which confirms bullish interest in this move.
4. Short-Term Trade Signal (Buy Setup):
Buy Entry Zone: 94,200–94,300
Target 1: 94,960 (recent swing high)
Target 2: 95,300–95,500 (near MA(25))
Stop Loss: 93,300 (just below the recent low)
This is a short-term trading signal based on the 4-hour chart. It’s recommended to wait for confirmation from the next 1–2 candles for more reliability.