Bitcoin is currently trading on the 4-hour timeframe showing a clear bearish structure after being rejected from a Key Resistance Zone around the 77,400–78,200 area.
Bias: Bearish / Short
Price printed a strong impulse down after rejecting the resistance zone, breaking structure to the downside (BOS). The move confirmed a shift in market structure from bullish to bearish on this timeframe.
Trade Setup:
Entry Zone: 76,600–77,000 (current price area / retest of broken structure)
Invalidation: Above 78,216 (key resistance high)
Take Profit Levels:
TP1 — 76,667
TP2 — 75,583
TP3 — 74,337 / 74,218 (Retracement Zone)
Key Confluences:
Rejection from HTF Key Resistance Zone (yellow box)
Break of Structure (BOS) confirmed on 4H
Fair Value Gap (FVG) identified below current price
Supply Zone aligns with rejection area (~75,200)
Retacement Zone sitting at 74,000–74,400 acting as final target
Risk Management:
Always use a proper stop loss above the Key Resistance / invalidation level. Never risk more than 1–2% of your account per trade.
This is not financial advice. Do your own research before entering any trade.
Bias: Bearish / Short
Price printed a strong impulse down after rejecting the resistance zone, breaking structure to the downside (BOS). The move confirmed a shift in market structure from bullish to bearish on this timeframe.
Trade Setup:
Entry Zone: 76,600–77,000 (current price area / retest of broken structure)
Invalidation: Above 78,216 (key resistance high)
Take Profit Levels:
TP1 — 76,667
TP2 — 75,583
TP3 — 74,337 / 74,218 (Retracement Zone)
Key Confluences:
Rejection from HTF Key Resistance Zone (yellow box)
Break of Structure (BOS) confirmed on 4H
Fair Value Gap (FVG) identified below current price
Supply Zone aligns with rejection area (~75,200)
Retacement Zone sitting at 74,000–74,400 acting as final target
Risk Management:
Always use a proper stop loss above the Key Resistance / invalidation level. Never risk more than 1–2% of your account per trade.
This is not financial advice. Do your own research before entering any trade.
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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.
Related publications
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.