Bitcoin
Short
Updated

BTC/USD..4H CHART PATTERN.

3 734
technical breakdown of your BTC/USD 4H trade setup based on the data I'm provided:


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BTC/USD 4H Chart Pattern Analysis

Current Action:
SELL @ 106,000


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Key Technical Levels:

Entry Point (Sell): 106,000
(Indicates rejection at or near resistance or possible trendline breakdown)

Target 1: 102,000
(Short-term support or previous demand zone)

Target 2: 93,500
(Major support zone — likely a high confluence area from past structure)



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Pattern & Price Action Analysis:

Bearish Reversal Signal Likely at 106K:
Potential rejection wick, double top, or bearish engulfing at this level.

Descending Triangle or Rising Wedge Breakdown:
If price broke support of a wedge or triangle pattern, this would justify bearish continuation.

Volume Analysis (if applicable):
Decreasing volume on the push up followed by a heavy sell-off = confirmation of a trap and reversal.



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Trade Setup:

Sell Entry: 106,000 (activated)

Stop Loss (suggested): 107,500–108,000 (above key resistance or invalidation zone)

Take Profit 1: 102,000 (watch for bounce)

Take Profit 2: 93,500 (major target if trend continues)



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Risk-Reward Outlook:

Risk-Reward Ratio to 102,000: ~2:1

Risk-Reward Ratio to 93,500: ~4–5:1 (strong swing trade potential)



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Summary:

This is a bearish swing trade setup based on a potential rejection or pattern breakdown at the 106,000 level, with high-probability targets at 102,000 and 93,500. Risk management is critical due to BTC's high volatility.


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Note
bitcoin sell running 300 pips

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