This week’s BTC trade was a masterclass in support and resistance. Bitcoin was trending down on the 4-hour chart, but it reached a key historical support level. I noticed multiple wicks rejecting that level, signaling buyer interest. On the next candle, a bullish engulfing pattern formed. That was my cue. I entered long with a stop just below the wick and targeted the next resistance. The price respected the level and pushed up gradually. Many overlook how effective simple horizontal lines can be. No indicators, no noise — just price respecting structure. This trade reminded me that old support/resistance zones remain relevant. They act like magnets, often attracting price or rejecting it. Mastering this basic concept has helped me trade BTC more confidently without second-guessing.
