BTC Analyses-14, [July 23, 2026]

Jul 23

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BTCUSDT
💡Market Analysis:
Although the short-term trend remains bullish, a bearish impulse wave has initiated. Price has broken and closed below the 4-hour key support area, and we are currently waiting for a pullback to the broken zone to confirm our short entry.

Key Support & Resistance:

Key Resistance: 65,068 (H-4) / 66,992 (Daily)
Key Support Area: 64,398 (H-1) - 63,100 (H-4) - 61,705 (Daily)

🎯 Trade Entry & Exit Plan:

1. Entry: Short position on pullback to the broken key zone (~65,068) following a strong breakdown confirmation candle.
2. Stop Loss: Placed behind the last wave high / major rejection candle body.
3. Take Profit: TP1 at 64,398 (R:R 2), TP2 at 63,100 (R:R 4 - highly probable target), and TP3 at 61,705 (R:R 6.5).

⚠️Risk Management:
Maximum 1% risk per trade.
❤️Please share your thoughts and comments on this analysis!

Jul 24

Trade active

Jul 24

Trade closed: target reached

Jul 28

Note

TP2 = R/R: 5