Based on the 4-hour $BTC /USDT chart

📈 Technical Overview (4H Chart)

1. Price Action:

Current price: $110,301.54

4H high: $110,530.17

Recent low: $100,372.26

Strong bullish move from the $100,000 area after a consolidation period.

2. Indicators:

EMA(7): $107,874.68 (Price is above short-term EMA → bullish momentum)

EMA(25): $106,153.51

EMA(99): $105,873.97 (All EMAs are aligned for a bullish trend)

MACD: DIF 979.30, DEA 529.51 → MACD histogram widening → bullish crossover

RSI(6): 90.13 → overbought, potential for pullback soon

Volume: Increasing, confirming buying interest

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🎯 Intraday Trading Plan (Bullish Setup)

✅ Entry Point(s):

Primary Entry: On minor pullback to support: $108,500 – $109,000

Aggressive Entry (momentum trade): Break above recent high $110,530

❌ Stop-Loss Placement:

Just below last minor consolidation support zone:

Stop-Loss: $107,000

🥅 Take-Profit Target(s):

TP1: $111,500 (previous local high)

TP2: $112,500 (resistance zone from chart)

TP3 (extended target): $114,000 (psychological + Fibonacci extension)

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⚠️ Notes:

RSI is extremely overbought, indicating that entering now carries higher short-term risk of a pullback.

Safer entries are near EMAs or a confirmed breakout above resistance.

Keep an eye on volume – waning volume on a push up may indicate a fake breakout.

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🧠 Summary (Trading Signal):

Type Long (Bullish)

Entry $108,500–$109,000 or breakout > $110,530

Stop-Loss $107,000

Take-Profit TP1: $111,500 TP2: $112,500 TP3: $114,000

Risk Level Medium to High (due to RSI)