As per my personal technical analysis of the 4-hour $BTC /USDT chart, here's what I’m observing in the current price action:
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📊 Technical Overview (4H Chart)
1. Price Action Overview
Current Price: $110,301.54
4H High: $110,530.17
Recent Low: $100,372.26
Bitcoin showed a strong bullish reversal after consolidating near the $100,000 level. This breakout indicates renewed buying pressure and bullish conviction.
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2. Key Indicators
EMA(7): $107,874.68 → Price is trading well above this short-term EMA, indicating strong momentum.
EMA(25): $106,153.51
EMA(99): $105,873.97 → All three EMAs are aligned in a bullish structure.
MACD: DIF 979.30, DEA 529.51 → Bullish crossover confirmed, with a widening histogram.
RSI(6): 90.13 → Extremely overbought, suggesting a possible pullback in the short term.
Volume: Rising volume supports the strength behind this move.
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📌 My Intraday Trading Plan (Bullish Bias)
✅ Entry Zones:
Primary Entry: Waiting for a minor pullback around the $108,500 – $109,000 range.
Aggressive Entry: If price breaks above the recent high of $110,530, I may enter on momentum.
❌ Stop-Loss:
Placing SL just below the last minor support zone.
→ Stop-Loss: $107,000
🥅 Take-Profit Targets:
TP1: $111,500 – Testing the previous local high.
TP2: $112,500 – Key resistance zone visible on the chart.
TP3 (Extended): $114,000 – Psychological level + Fibonacci extension.
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⚠️ Key Notes From My Side:
RSI is currently in overbought territory, so I’m being cautious with fresh entries.
I’ll prefer entries close to EMAs or on a confirmed breakout above $110,530.
Volume will be crucial here. If price rises but volume declines, it could be a fake breakout.
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🧠 Summary of My Trade Setup:
Parameter Value
Type Long (Bullish)
Entry $108,500–$109,000 or > $110,530
Stop-Loss $107,000
Take-Profit T
P1: $111,500 / TP2: $112,500 / TP3: $114,000
Risk Level Medium to High (due to RSI)