๐ 4-Hour $BTC/USDT Technical Analysis & Trading Plan
๐ Technical Overview (4H Chart)
Price Action:
Current Price: $110,301.54
4H High: $110,530.17
Recent Low: $100,372.26
Strong bullish rally from the $100,000 zone following a consolidation period.
Indicators:
EMA(7): $107,874.68 (Price trading above โ short-term bullish momentum)
EMA(25): $106,153.51
EMA(99): $105,873.97
โ All EMAs stacked in bullish alignment.
MACD: DIF 979.30, DEA 529.51
โ Bullish crossover, histogram widening.
RSI(6): 90.13
โ Overbought zone, signaling possible short-term pullback risk.
Volume: Rising โ confirms strong buying interest supporting price action.
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๐ฏ Intraday Trading Plan (Bullish Setup)
โ Entry Point(s):
Primary Entry: On a minor retracement to support at $108,500 โ $109,000
Aggressive Entry: Breakout above $110,530 (recent high)
โ Stop-Loss Placement:
Below minor consolidation support at $107,000
๐ฅ Take-Profit Targets:
TP1: $111,500 (previous local high)
TP2: $112,500 (noted resistance area)
TP3 (extended): $114,000 (psychological + Fibonacci extension level)
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โ ๏ธ Key Notes:
RSI at 90+ is extremely overbought, increasing the likelihood of a short-term correction.
Safer entries are at EMA levels or confirmed breakouts with solid volume.
Monitor volume strength on upward moves โ declining volume could suggest a false breakout.
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๐ง Summary (Trading Signal)
Type Entry Range Stop-Loss Take-Profits Risk Level
Long (Bullish) $108,500 โ $109,000 or breakout > $110,530 $107,000 TP1: $111,500, TP2: $112,500, TP3: $114,000 Medium to High (RSI overbought)