Description:
Bitcoin (BTC/USD) 4H chart is maintaining a strong bullish structure, with price respecting an ascending trendline and printing higher highs and higher lows. Currently, price is testing a key 4H supply zone around 78,000–80,000, where short-term rejection or consolidation is possible.
The preferred setup is to wait for a pullback into the 4H demand zone at 74,800–76,400, which aligns with previous structure support. This area offers a potential buy entry, as buyers are likely to step in and continue the trend.
If price holds this demand zone, the next move could be a bullish continuation toward and above the 78K–80K supply zone. A clean breakout above supply would confirm further upside momentum.
Not financial advice
Bitcoin (BTC/USD) 4H chart is maintaining a strong bullish structure, with price respecting an ascending trendline and printing higher highs and higher lows. Currently, price is testing a key 4H supply zone around 78,000–80,000, where short-term rejection or consolidation is possible.
The preferred setup is to wait for a pullback into the 4H demand zone at 74,800–76,400, which aligns with previous structure support. This area offers a potential buy entry, as buyers are likely to step in and continue the trend.
If price holds this demand zone, the next move could be a bullish continuation toward and above the 78K–80K supply zone. A clean breakout above supply would confirm further upside momentum.
Not financial advice
Professional Trader | Price Action & Risk Management. Sharing clear trade ideas. Consistency over hype.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Professional Trader | Price Action & Risk Management. Sharing clear trade ideas. Consistency over hype.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.