$BTC /USDC – 4H Trade Setup
Market Insight:
Bitcoin is showing short-term weakness after facing resistance near the $119.5K zone. Price dipped to a 24H low of $116,164, currently hovering near $117,870. The candle structure hints at ongoing consolidation within a high-volatility range. MA crossovers suggest a neutral to bearish short-term trend unless a strong bounce occurs.
Entry Zone:
$116,200 – $117,200
Targets:
Target 1: $118,300
Target 2: $119,500
Target 3: $120,800
Stop Loss:
Below $115,400 (clear invalidation of current support)
Key Levels:
Support: $116,200 / $115,400
Resistance: $118,300 / $119,500 / $120,800
Pivot MA Levels:
MA(7): $117,451.5
MA(25): $117,800.5
MA(99): $118,101.1
Pro Tip:
Watch for a clean 4H candle close above $118.300 for bullish continuation. Avoid long positions if price closes below $116K — this would open downside potential toward $114K–$113K support zone.
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