Disclaimer: This is not financial advice. All setups are shared purely for educational purposes. Please chart and backtest on your end before acting. Invalidation points are clearly defined.
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๐ Current Market Outlook
Bitcoin (BTC) has recently undergone a significant structural shift.
Previous Trend: Bullish
Change: 4H Market Structure Break (MSB) turned the short-term trend bearish
Insight: In strong bullish markets, such short-term bearish flips often signal manipulation or shakeouts. The last 2โ3 days saw low volume, indicating weakness. However, the recent impulsive pump hints at smart money re-entering, suggesting a potential reversal is in play.
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๐ Key Price Levels to Watch
Resistance Zones:
๐น Tested Bearish OB Resistance: 111181
๐น Untested Bearish OB Resistance: 110499
Support / Bullish Order Block (OB) Zone:
๐ฉ Bullish OB / Support: 106794
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๐ก Trade Idea #1: Breakout Confirmation Play
Condition: 4H candle closes above 111180 (blue ray)
Entry: Current Market Price (CMP) after close
Stoploss: Below 108397
Target: New All-Time High at 118465
Rationale: If price successfully breaks and closes above the Bearish OB, it indicates strength. Resistance is likely to flip into support, confirming a reversal.
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๐ก Trade Idea #2: Support-Based Long
Condition: Price rejects from resistance and retraces
Entry Zone: Around 106810
Stoploss: Below 103649
Rationale: Expecting a bounce from a former resistance-turned-support zone (a common bullish pattern in strong trends).
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โ ๏ธ Important Context
๐ Lower Time Frames (below 1D): Currently bearish
๐ Higher Time Frames (Daily and above): Remain bullish
This entire setup is based on Price Action principles โ focusing on:
4H Change of Character (CHOCH)
Impulsive moves and liquidity shifts
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๐ Final Note
BTC is at a crucial decision zone. Watch key levels. Don't rush into trades โ let the price confirm your bias. Manage risk and follow your plan.
๐ View Full Chart on TradingView
