$BTC
๐ Technical Analysis Summary:
Trend: Short-term bullish (inside ascending channel).
Resistance Zones:
106,497 โ 107,146: Horizontal resistance near top of channel.
107,600 โ 108,500: 4H Fair Value Gap (FVG), possible liquidity zone.
Support Zones:
Midline of channel and lower channel trendline.
105,000: Round number + previous minor structure support.
RSI: Currently at ~62 โ bullish but not overbought, supporting continuation.
โ
Trade Setup 1: Long Continuation (Momentum Play)
Entry:
On minor retracement to 105,800 โ 105,950 (midline of the channel + last bullish order block).
Stop-Loss:
Below recent swing low or channel bottom: 104,900
Target:
TP1: 106,500 (horizontal resistance)
TP2: 107,150 (channel top)
TP3: 107,600 โ 108,000 (FVG top)
Risk-to-Reward (approx.):
R:R = 1:2.5 (TP1)
R:R = 1:3.5 (TP2)
R:R = 1:5+ (TP3)
๐ Trade Setup 2: Rejection Short (Reversal from FVG/Channel Top)
Entry:
If price reaches 107,150 โ 107,600 and shows rejection (bearish engulfing, long wick, or divergence on RSI).
Stop-Loss:
Above FVG: 108,200
Target:
TP1: 106,500
TP2: 105,800
TP3: 104,900 (channel low)
Risk-to-Reward:
R:R = 1:2 (TP1)
R:R = 1:3+ (TP2)
R:R = 1:4.5+ (TP3)
โ ๏ธ Risk Management Tips:
Risk 1-2% of account per trade.
Wait for confirmation at key levels (e.g., wick rejection, strong candle closes).
Use break-even stop or trail stop once TP1 hits.