🔎 Context (4H BTCUSDC)
Trend: Upward (ascending channel)
Current price: ~75k
There was a strong impulse to ~77.7k, then a quick drop → classic reaction to resistance
📈 What I see on the chart
1. Upward channel
Price respects a nice channel
Currently, we are in the middle of the channel → no advantage
👉 This is a "no trade" zone for the patient
2. Key levels
🟢 Resistance:
77,700 – 78,000
79,700 – 80,000 (HTF resistance)
👉 There was aggressive selling here → strong supply
🔴 Support:
74,200 (local support)
71,400 (strong level / breakout of the structure earlier)
3. Price structure
Higher lows ✔️
Higher highs ✔️
BUT:
Last move = rejection + downward impulse
👉 Possible short-term pullback / correction
4. Oscillators
Stoch RSI is moving down → downward momentum
CHOP: no extreme trend → possible consolidation
🧠 Scenarios
🟢 LONG SCENARIO (more trend-based)
Conditions:
Defense at 74,200
Reaction to the lower channel line
Targets:
77,700
80,000
👉 Ideal entry: lower channel band + support
🔴 SHORT SCENARIO (countertrend / correction)
Conditions:
Loss at 74,200
Closing Below
Targets:
71,400
up to ~69k (if panic)
👉 This will be a liquidity flush after the rally
Trend: Upward (ascending channel)
Current price: ~75k
There was a strong impulse to ~77.7k, then a quick drop → classic reaction to resistance
📈 What I see on the chart
1. Upward channel
Price respects a nice channel
Currently, we are in the middle of the channel → no advantage
👉 This is a "no trade" zone for the patient
2. Key levels
🟢 Resistance:
77,700 – 78,000
79,700 – 80,000 (HTF resistance)
👉 There was aggressive selling here → strong supply
🔴 Support:
74,200 (local support)
71,400 (strong level / breakout of the structure earlier)
3. Price structure
Higher lows ✔️
Higher highs ✔️
BUT:
Last move = rejection + downward impulse
👉 Possible short-term pullback / correction
4. Oscillators
Stoch RSI is moving down → downward momentum
CHOP: no extreme trend → possible consolidation
🧠 Scenarios
🟢 LONG SCENARIO (more trend-based)
Conditions:
Defense at 74,200
Reaction to the lower channel line
Targets:
77,700
80,000
👉 Ideal entry: lower channel band + support
🔴 SHORT SCENARIO (countertrend / correction)
Conditions:
Loss at 74,200
Closing Below
Targets:
71,400
up to ~69k (if panic)
👉 This will be a liquidity flush after the rally
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.
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.