๐ $BTC /USDT โ 4H Technical Analysis
โ Trend: Strong Bullish
Price broke previous high at 118,869.98, now consolidating near $117,800โ$118,000.
Parabolic SAR is still below the price = uptrend intact.
RSI (6) = 67.31: bullish, but nearing overbought zone.
MACD is positive but flattening โ possible short-term pullback before next leg up.
Price staying well above key moving averages and previous support at $110Kโ$106K.
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๐ Intraday Trading Signal (LONG bias)
โข Entry Point(s)
Entry #1 (Pullback Buy): $116,500โ$117,000
Entry #2 (Breakout Buy): Above $118,200 (new high)
โข Stop-Loss Placement
SL for Entry #1: $114,800 (below minor support)
SL for Entry #2: $116,900 (just below breakout retest zone)
โข Take-Profit Target(s)
TP1: $119,500 (next psychological resistance)
TP2: $121,800 (measured breakout target)
TP3: $124,500 (FOMO extension zone)
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๐ง Strategy Notes:
Look for volume confirmation if price breaks $118,200 again.
Consider trailing stop once price hits above $120K.
If RSI hits 80+, partial profit-taking is advised.