On the right side of the image, we have the daily chart of BTC, and on the left, the 1-hour chart. Let’s first break down the current price action in the daily timeframe:
📉 Daily Timeframe (BTCUSDT)
We can currently interpret the market in two ways:
As part of a descending channel
Or as a range-bound movement between $110,221.73 (resistance) and $101,546.27 (support)
If we consider the descending channel, it’s important to note that the upper trendline has not been broken yet. If price fails to decisively move above $110,221.73 by tomorrow—or worse, gives a fake breakout and rejects—this would confirm a channel rejection, and we could expect price to move back toward the midline or even the lower boundary of the channel.
📌 Keep in mind: The broader trend is still bullish, but this analysis focuses on the current short-term structure.
🔹 Long trigger: A confirmed breakout above $110,221.73
🔻 Short trigger: A breakdown below $105,408.65
🕐 1-Hour Timeframe (BTCUSDT)
The 1H chart allows for more precise and early entries, from both directions.
A short-term profit target could be set around $108,353.37, assuming price moves up.
However, before that, we need to watch for a failure swing or fakeout near $107,388.81 — this is crucial for determining the validity of any bullish setups.
📌 We need confirmation that buyers are still active before entering longs.
For short positions:
Since price already rejected from $110,221.73 and is now consolidating in a range, a valid short trigger could also be $107,388.81, especially if we see a minor rally and failure to break above it.
For better risk/reward, it would be ideal to see price bounce slightly above the support, then form a lower high below $108,353.37, giving us a tighter stop-loss and potentially RR > 2.
🧠 Important Note: Since shorting goes against the overall bullish trend, any short positions should be taken with reduced risk, tighter stops, and strict risk management.
#Bitcoin #BTCUSDT #CryptoTrading #TechnicalAnalysis #TradingView #BTCAnalysis #CryptoStrategy #CryptoTA #PriceAction
📉 Daily Timeframe (BTCUSDT)
We can currently interpret the market in two ways:
As part of a descending channel
Or as a range-bound movement between $110,221.73 (resistance) and $101,546.27 (support)
If we consider the descending channel, it’s important to note that the upper trendline has not been broken yet. If price fails to decisively move above $110,221.73 by tomorrow—or worse, gives a fake breakout and rejects—this would confirm a channel rejection, and we could expect price to move back toward the midline or even the lower boundary of the channel.
📌 Keep in mind: The broader trend is still bullish, but this analysis focuses on the current short-term structure.
🔹 Long trigger: A confirmed breakout above $110,221.73
🔻 Short trigger: A breakdown below $105,408.65
🕐 1-Hour Timeframe (BTCUSDT)
The 1H chart allows for more precise and early entries, from both directions.
A short-term profit target could be set around $108,353.37, assuming price moves up.
However, before that, we need to watch for a failure swing or fakeout near $107,388.81 — this is crucial for determining the validity of any bullish setups.
📌 We need confirmation that buyers are still active before entering longs.
For short positions:
Since price already rejected from $110,221.73 and is now consolidating in a range, a valid short trigger could also be $107,388.81, especially if we see a minor rally and failure to break above it.
For better risk/reward, it would be ideal to see price bounce slightly above the support, then form a lower high below $108,353.37, giving us a tighter stop-loss and potentially RR > 2.
🧠 Important Note: Since shorting goes against the overall bullish trend, any short positions should be taken with reduced risk, tighter stops, and strict risk management.
#Bitcoin #BTCUSDT #CryptoTrading #TechnicalAnalysis #TradingView #BTCAnalysis #CryptoStrategy #CryptoTA #PriceAction
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.